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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summarized Financial Information

The following table shows dollars in thousands:

						Year Ended December 31,
						2022						2021						2020
Revenues:
Electric Power Infrastructure Solutions						$	8,940,276					$	7,624,240					$	6,468,192
Renewable Energy Infrastructure Solutions						3,778,560						1,825,259						1,305,151
Underground Utility and Infrastructure Solutions						4,355,067						3,530,714						3,429,329
Consolidated revenues						$	17,073,903					$	12,980,213					$	11,202,672
Operating income (loss):
Electric Power Infrastructure Solutions (1)(2)						$	958,798					$	865,409					$	648,405
Renewable Energy Infrastructure Solutions (3)						304,308						181,908						177,920
Underground Utility and Infrastructure Solutions						317,543						150,147						170,074
Corporate and Non-Allocated Costs (4)						(708,591)						(533,943)						(385,028)
Consolidated operating income						$	872,058					$	663,521					$	611,371

(1)    Includes $74.0 million of operating losses related to Latin American operations for the year ended December 31, 2020. See Legal Proceedings — Peru Project Dispute in Note 16 for additional information on this matter. As of December 31, 2020, Quanta had substantially completed the exit of its operations in Latin America.

(2)    Includes equity in earnings of integral unconsolidated affiliates of $52.5 million, $44.1 million and $11.3 million for the years ended December 31, 2022, 2021 and 2020, primarily related to Quanta’s equity interest in LUMA.

(3) Additionally, Quanta recorded $11.7 million of asset impairment charges related to a software implementation project at an acquired company, which commenced prior to Quanta’s acquisition and was discontinued in the fourth quarter of 2022. The fair value of this software was zero at December 31, 2022.

(4) Includes amortization expense of $354.0 million, $165.4 million and $76.7 million and non-cash stock-based compensation of $105.6 million, $88.3 million and $91.6 million for the years ended December 31, 2022, 2021 and 2020.

The following table shows dollars in thousands:

						Year Ended December 31,
						2022						2021						2020
Depreciation:
Electric Power Infrastructure Solutions						$	149,151					$	141,093					$	112,663
Renewable Energy Infrastructure Solutions						40,535						14,020						9,185
Underground Utility and Infrastructure Solutions						83,117						83,720						85,981
Corporate and Non-Allocated Costs						17,844						16,696						17,427
Consolidated depreciation						$	290,647					$	255,529					$	225,256

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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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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