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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Aggregate Fair Values of Outstanding and Unearned Contingent Consideration Liabilities

The aggregate fair value of these outstanding contingent consideration liabilities and their classification in the accompanying consolidated balance sheets is as follows (in thousands):

						June 30, 2022						December 31, 2021
Accounts payable and accrued expenses						$	4,949					$	2,591
Insurance and other non-current liabilities						142,524						140,482
Total contingent consideration liabilities						$	147,473					$	143,073

Unaudited Supplemental Pro Forma Results of Operations

The following unaudited supplemental pro forma results of operations for Quanta, which incorporate the acquisitions completed in 2021, have been provided for illustrative purposes only and do not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts).

									Three Months Ended												Six Months Ended
									June 30,												June 30,
												2021												2021
Revenues												$	3,862,768											$	7,180,383
Gross profit												$	606,039											$	1,105,600
Selling, general and administrative expenses												$	(334,034)											$	(639,909)
Amortization of intangible assets												$	(66,931)											$	(134,506)
Net income												$	145,806											$	240,999
Net income attributable to common stock												$	143,868											$	237,503
Earnings per share attributable to common stock:
Basic												$	1.00											$	1.65
Diluted												$	0.97											$	1.60

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

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