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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Summarized Financial Information | The following table sets forth segment revenues and segment operating income (loss) and operating margins for the three and six months ended June 30, 2023 and 2022. Operating margin is calculated by dividing operating income (loss) by revenues. The following table shows dollars in thousands:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 2,415,254 |  |  | 47.9 | % |  | $ | 2,199,430 |  |  | 52.0 | % |  | $ | 4,751,291 |  |  | 50.1 | % |  | $ | 4,338,127 |  |  | 52.9 | %
Renewable Energy Infrastructure Solutions |  | 1,389,368 |  |  | 27.5 |  |  | 924,236 |  |  | 21.8 |  |  | 2,397,668 |  |  | 25.3 |  |  | 1,799,868 |  |  | 22.0 |
Underground Utility and Infrastructure Solutions |  | 1,243,988 |  |  | 24.6 |  |  | 1,108,337 |  |  | 26.2 |  |  | 2,328,477 |  |  | 24.6 |  |  | 2,059,533 |  |  | 25.1 |
Consolidated revenues |  | $ | 5,048,610 |  |  | 100.0 | % |  | $ | 4,232,003 |  |  | 100.0 | % |  | $ | 9,477,436 |  |  | 100.0 | % |  | $ | 8,197,528 |  |  | 100.0 | %
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions (1) |  | $ | 244,017 |  |  | 10.1 | % |  | $ | 232,150 |  |  | 10.6 | % |  | $ | 459,166 |  |  | 9.7 | % |  | $ | 435,569 |  |  | 10.0 | %
Renewable Energy Infrastructure Solutions |  | 110,487 |  |  | 8.0 | % |  | 81,687 |  |  | 8.8 | % |  | 146,143 |  |  | 6.1 | % |  | 151,629 |  |  | 8.4 | %
Underground Utility and Infrastructure Solutions |  | 107,207 |  |  | 8.6 | % |  | 89,943 |  |  | 8.1 | % |  | 168,780 |  |  | 7.2 | % |  | 138,118 |  |  | 6.7 | %
Corporate and Non-Allocated Costs (2) |  | (182,438) |  |  | (3.6) | % |  | (195,424) |  |  | (4.6) | % |  | (368,956) |  |  | (3.9) | % |  | (399,444) |  |  | (4.9) | %
Consolidated operating income |  | $ | 279,273 |  |  | 5.5 | % |  | $ | 208,356 |  |  | 4.9 | % |  | $ | 405,133 |  |  | 4.3 | % |  | $ | 325,872 |  |  | 4.0 | %
(1) Includes equity in earnings of integral unconsolidated affiliates of $9.4 million and $18.6 million for the three months ended June 30, 2023 and 2022 and $19.0 million and $33.7 million for the six months ended June 30, 2023 and 2022, primarily related to Quanta’s equity interest in LUMA Energy, LLC (LUMA). (2) Includes amortization expense of $70.0 million and $107.9 million and non-cash stock-based compensation of $34.6 million and $28.1 million for the three months ended June 30, 2023 and 2022. Includes amortization expense of $142.4 million and $223.7 million and non-cash stock-based compensation of $62.1 million and $51.1 million for the six months ended June 30, 2023 and 2022. The following table shows dollars in thousands:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Depreciation: |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 41,357 |  |  | $ | 36,781 |  |  | $ | 83,442 |  |  | $ | 73,560 |
Renewable Energy Infrastructure Solutions |  | 10,681 |  |  | 10,178 |  |  | 21,539 |  |  | 18,411 |
Underground Utility and Infrastructure Solutions |  | 19,135 |  |  | 20,667 |  |  | 39,635 |  |  | 41,605 |
Corporate and Non-Allocated Costs |  | 8,703 |  |  | 6,333 |  |  | 13,642 |  |  | 11,337 |
Consolidated depreciation |  | $ | 79,876 |  |  | $ | 73,959 |  |  | $ | 158,258 |  |  | $ | 144,913 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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