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Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summarized Financial Information

The following table sets forth segment revenues and segment operating income (loss) for the three months ended March 31, 2023 and 2022. The following table shows dollars in thousands:

						Three Months Ended March 31,
						2023												2022
Revenues:
Electric Power Infrastructure Solutions						$	2,336,037					52.7		%				$	2,138,697					53.9		%
Renewable Energy Infrastructure Solutions						1,008,300						22.8						875,632						22.1
Underground Utility and Infrastructure Solutions						1,084,489						24.5						951,196						24.0
Consolidated revenues						$	4,428,826					100.0		%				$	3,965,525					100.0		%
Operating income (loss):
Electric Power Infrastructure Solutions (1)						$	215,149					9.2		%				$	203,419					9.5		%
Renewable Energy Infrastructure Solutions						35,656						3.5		%				69,942						8.0		%
Underground Utility and Infrastructure Solutions						61,573						5.7		%				48,175						5.1		%
Corporate and Non-Allocated Costs (2)						(186,518)						(4.2)		%				(204,020)						(5.1)		%
Consolidated operating income						$	125,860					2.8		%				$	117,516					3.0		%

(1)    Includes equity in earnings of integral unconsolidated affiliates of $9.6 million and $15.2 million for the three months ended March 31, 2023 and 2022, primarily related to Quanta’s equity interest in LUMA Energy, LLC (LUMA).

(2)    Includes amortization expense of $72.4 million and $115.8 million and non-cash stock-based compensation of $27.5 million and $23.0 million for the three months ended March 31, 2023 and 2022.

The following table shows dollars in thousands:

						Three Months Ended
						March 31,
						2023						2022
Depreciation:
Electric Power Infrastructure Solutions						$	42,085					$	36,779
Renewable Energy Infrastructure Solutions						10,858						8,233
Underground Utility and Infrastructure Solutions						20,500						20,938
Corporate and Non-Allocated Costs						4,939						5,004
Consolidated depreciation						$	78,382					$	70,954

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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

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- References

No definition available.

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