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v3.24.3

Segment Information - Summarized Financial Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Segment Reporting Information [Line Items] |  |  |  |
Revenues | $ 6,493,167 | $ 5,620,822 | $ 17,119,373 | $ 15,098,258
Operating income (loss) | $ 431,161 | $ 400,329 | $ 893,745 | $ 805,462
Operating income (loss) margin (in percent) | 6.60% | 7.10% | 5.20% | 5.30%
Equity in earnings of integral unconsolidated affiliates | $ 14,015 | $ 11,707 | $ 34,935 | $ 30,697
Non-cash stock-based compensation |  |  | 110,815 | 94,658
Depreciation | 89,979 | 81,488 | 262,525 | 239,746
Integral Unconsolidated Affiliates | Related Party |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Equity in earnings of integral unconsolidated affiliates | $ 14,000 | $ 11,700 | $ 34,900 | $ 30,700
Revenue from Contract with Customer, Segment Benchmark | Segment Concentration Risk |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Concentration risk percentage (in percent) | 100.00% | 100.00% | 100.00% | 100.00%
Corporate and Non-Allocated Costs |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating income (loss) | $ (238,809) | $ (171,000) | $ (634,158) | $ (539,956)
Operating income (loss) margin (in percent) | (3.70%) | (3.00%) | (3.70%) | (3.60%)
Amortization | $ 110,400 | $ 71,400 | $ 267,100 | $ 213,800
Non-cash stock-based compensation | 38,200 | 32,500 | 110,800 | 94,600
Depreciation | 5,826 | 3,508 | 17,308 | 17,150
Electric Power | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 2,982,032 | 2,489,547 | 7,761,480 | 7,240,838
Operating income (loss) | $ 354,505 | $ 296,176 | $ 846,390 | $ 755,342
Operating income (loss) margin (in percent) | 11.90% | 11.90% | 10.90% | 10.40%
Depreciation | $ 42,120 | $ 38,228 | $ 122,775 | $ 121,670
Electric Power | Operating Segments | Revenue from Contract with Customer, Segment Benchmark | Segment Concentration Risk |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Concentration risk percentage (in percent) | 45.90% | 44.30% | 45.30% | 48.00%
Renewable Energy | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | $ 2,251,855 | $ 1,746,636 | $ 5,870,411 | $ 4,144,304
Operating income (loss) | $ 221,509 | $ 151,389 | $ 459,076 | $ 297,532
Operating income (loss) margin (in percent) | 9.80% | 8.70% | 7.80% | 7.20%
Depreciation | $ 20,619 | $ 15,812 | $ 58,298 | $ 37,351
Renewable Energy | Operating Segments | Revenue from Contract with Customer, Segment Benchmark | Segment Concentration Risk |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Concentration risk percentage (in percent) | 34.70% | 31.10% | 34.30% | 27.40%
Underground and Infrastructure | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | $ 1,259,280 | $ 1,384,639 | $ 3,487,482 | $ 3,713,116
Operating income (loss) | $ 93,956 | $ 123,764 | $ 222,437 | $ 292,544
Operating income (loss) margin (in percent) | 7.50% | 8.90% | 6.40% | 7.90%
Depreciation | $ 21,414 | $ 23,940 | $ 64,144 | $ 63,575
Underground and Infrastructure | Operating Segments | Revenue from Contract with Customer, Segment Benchmark | Segment Concentration Risk |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Concentration risk percentage (in percent) | 19.40% | 24.60% | 20.40% | 24.60%

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