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Revenue Recognition and Related Balance Sheet Accounts (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Geographic Location and Contract Type | The following tables present Quanta’s revenue disaggregated by contract type and by geographic location, as determined by the job location (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
By contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unit-price contracts |  | $ | 1,597,640 |  |  | 35.8 | % |  | $ | 1,399,358 |  |  | 41.8 | % |  | 4,407,147 |  |  | 34.8 | % |  | $ | 3,593,644 |  |  | 39.7 | %
Cost-plus contracts |  | 986,262 |  |  | 22.1 | % |  | 825,622 |  |  | 24.6 | % |  | 2,879,492 |  |  | 22.8 | % |  | 2,247,879 |  |  | 24.8 | %
Fixed price contracts |  | 1,875,855 |  |  | 42.1 | % |  | 1,128,298 |  |  | 33.6 | % |  | 5,370,646 |  |  | 42.4 | % |  | 3,215,152 |  |  | 35.5 | %
Total revenues |  | $ | 4,459,757 |  |  | 100.0 | % |  | $ | 3,353,278 |  |  | 100.0 | % |  | $ | 12,657,285 |  |  | 100.0 | % |  | $ | 9,056,675 |  |  | 100.0 | %
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
By primary geographic location:
United States |  | $ | 3,760,019 |  |  | 84.3 | % |  | $ | 2,892,446 |  |  | 86.2 | % |  | $ | 10,751,325 |  |  | 84.9 | % |  | $ | 7,669,360 |  |  | 84.7 | %
Canada |  | 512,803 |  |  | 11.5 | % |  | 382,072 |  |  | 11.4 | % |  | 1,503,174 |  |  | 11.9 | % |  | 1,123,077 |  |  | 12.4 | %
Australia |  | 130,851 |  |  | 2.9 | % |  | 52,804 |  |  | 1.6 | % |  | 275,421 |  |  | 2.2 | % |  | 170,719 |  |  | 1.9 | %
Others |  | 56,084 |  |  | 1.3 | % |  | 25,956 |  |  | 0.8 | % |  | 127,365 |  |  | 1.0 | % |  | 93,519 |  |  | 1.0 | %
Total revenues |  | $ | 4,459,757 |  |  | 100.0 | % |  | $ | 3,353,278 |  |  | 100.0 | % |  | $ | 12,657,285 |  |  | 100.0 | % |  | $ | 9,056,675 |  |  | 100.0 | %
Contract Assets and Liabilities | Contract assets and liabilities consisted of the following (in thousands):
|  | September 30, 2022 |  | December 31, 2021
Contract assets |  | $ | 1,127,181 |  |  | $ | 803,453 |
Contract liabilities |  | $ | 830,351 |  |  | $ | 802,872 |
Composition of the Allowance for Credit Losses | Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Balance at beginning of period |  | $ | 49,707 |  |  | $ | 39,713 |  |  | $ | 49,749 |  |  | $ | 16,546 |
Increase (decrease) in provision for credit losses |  | 2,343 |  |  | 249 |  |  | 2,048 |  |  | 24,169 |
Write-offs charged against the allowance net of recoveries of amounts previously written off |  | (33,030) |  |  | (253) |  |  | (32,777) |  |  | (1,006) |
Balance at end of period |  | $ | 19,020 |  |  | $ | 39,709 |  |  | $ | 19,020 |  |  | $ | 39,709 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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