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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Summarized Financial Information | The following table sets forth segment revenues, segment operating income (loss) and operating margins for the three and nine months ended September 30, 2022 and 2021. Operating margins are calculated by dividing operating income by revenues. The following table shows dollars in thousands:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 2,282,332 |  |  | 51.2 | % |  | $ | 1,996,789 |  |  | 59.5 | % |  | $ | 6,620,459 |  |  | 52.3 | % |  | $ | 5,488,597 |  |  | 60.6 | %
Renewable Energy Infrastructure Solutions |  | 978,779 |  |  | 21.9 |  |  | 331,679 |  |  | 9.9 |  |  | 2,778,647 |  |  | 22.0 |  |  | 1,047,766 |  |  | 11.6 |
Underground Utility and Infrastructure Solutions |  | 1,198,646 |  |  | 26.9 |  |  | 1,024,810 |  |  | 30.6 |  |  | 3,258,179 |  |  | 25.7 |  |  | 2,520,312 |  |  | 27.8 |
Consolidated revenues |  | $ | 4,459,757 |  |  | 100.0 | % |  | $ | 3,353,278 |  |  | 100.0 | % |  | $ | 12,657,285 |  |  | 100.0 | % |  | $ | 9,056,675 |  |  | 100.0 | %
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions (1) |  | $ | 255,457 |  |  | 11.2 | % |  | $ | 252,415 |  |  | 12.6 | % |  | $ | 691,026 |  |  | 10.4 | % |  | $ | 613,121 |  |  | 11.2 | %
Renewable Energy Infrastructure Solutions |  | 88,885 |  |  | 9.1 | % |  | 35,868 |  |  | 10.8 | % |  | 240,514 |  |  | 8.7 | % |  | 111,096 |  |  | 10.6 | %
Underground Utility and Infrastructure Solutions |  | 101,351 |  |  | 8.5 | % |  | 68,167 |  |  | 6.7 | % |  | 239,469 |  |  | 7.3 | % |  | 100,917 |  |  | 4.0 | %
Corporate and Non-Allocated Costs (2) |  | (158,902) |  |  | (3.6) | % |  | (108,373) |  |  | (3.2) | % |  | (558,346) |  |  | (4.4) | % |  | (301,677) |  |  | (3.3) | %
Consolidated operating income |  | $ | 286,791 |  |  | 6.4 | % |  | $ | 248,077 |  |  | 7.4 | % |  | $ | 612,663 |  |  | 4.8 | % |  | $ | 523,457 |  |  | 5.8 | %
(1) Operating income for the Electric Power Infrastructure Solutions segment includes equity in earnings of integral unconsolidated affiliates that are operationally integral to the operations of Quanta, which primarily consists of equity in earnings related to Quanta’s equity interest in LUMA Energy, LLC (LUMA). (2) Corporate and Non-Allocated Costs for the three months ended September 30, 2022 and 2021 included amortization expense of $67.1 million and $22.8 million and non-cash stock-based compensation of $26.6 million and $21.6 million. Corporate and Non-Allocated Costs for the nine months ended September 30, 2022 and 2021 included amortization expense of $290.8 million and $65.4 million and non-cash stock-based compensation of $77.7 million and $64.3 million. The following table shows dollars in thousands:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Depreciation: |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 35,896 |  |  | $ | 34,859 |  |  | $ | 109,456 |  |  | $ | 104,053 |
Renewable Energy Infrastructure Solutions |  | 11,214 |  |  | 2,338 |  |  | 29,625 |  |  | 6,873 |
Underground Utility and Infrastructure Solutions |  | 20,311 |  |  | 20,958 |  |  | 61,916 |  |  | 63,183 |
Corporate and Non-Allocated Costs |  | 6,086 |  |  | 3,461 |  |  | 17,423 |  |  | 12,371 |
Consolidated depreciation |  | $ | 73,507 |  |  | $ | 61,616 |  |  | $ | 218,420 |  |  | $ | 186,480 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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