XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Revenue Recognition and Related Balance Sheet Accounts (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Geographic Location and Contract Type | The following tables present Quanta’s revenue disaggregated by contract type and by geographic location, as determined by the job location (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
By contract type: |  |  |  |  |  |  |  |  |  |  |  |
Fixed price contracts |  | $ | 13,307,321 |  |  | 56.2 | % |  | $ | 10,251,037 |  |  | 49.1 | % |  | $ | 7,282,537 |  |  | 42.7 | %
Unit-price contracts |  | 6,475,714 |  |  | 27.4 |  |  | 6,586,982 |  |  | 31.5 |  |  | 5,927,335 |  |  | 34.7 |
Cost-plus contracts |  | 3,889,760 |  |  | 16.4 |  |  | 4,044,187 |  |  | 19.4 |  |  | 3,864,031 |  |  | 22.6 |
Total revenues |  | $ | 23,672,795 |  |  | 100.0 | % |  | $ | 20,882,206 |  |  | 100.0 | % |  | $ | 17,073,903 |  |  | 100.0 | %
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
By primary geographic location: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 21,606,807 |  |  | 91.3 | % |  | $ | 17,910,892 |  |  | 85.8 | % |  | $ | 14,390,237 |  |  | 84.3 | %
Canada |  | 1,025,074 |  |  | 4.3 |  |  | 2,045,999 |  |  | 9.8 |  |  | 2,020,853 |  |  | 11.8 |
Australia |  | 666,870 |  |  | 2.8 |  |  | 612,497 |  |  | 2.9 |  |  | 428,321 |  |  | 2.5 |
Others |  | 374,044 |  |  | 1.6 |  |  | 312,818 |  |  | 1.5 |  |  | 234,492 |  |  | 1.4 |
Total revenues |  | $ | 23,672,795 |  |  | 100.0 | % |  | $ | 20,882,206 |  |  | 100.0 | % |  | $ | 17,073,903 |  |  | 100.0 | %
Contract Assets and Liabilities | Contract assets and liabilities consisted of the following (in thousands):
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Contract assets |  | $ | 1,208,619 |  |  | $ | 1,413,057 |  |  | $ | 1,080,206 |
Contract liabilities |  | $ | 2,149,328 |  |  | $ | 1,538,677 |  |  | $ | 1,141,518 |
Composition of the Allowance for Credit Losses | Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Balance at beginning of year |  | $ | 13,962 |  |  | $ | 15,644 |  |  | $ | 49,749 |
Increase in provision for credit losses |  | 4,279 |  |  | 5,927 |  |  | 350 |
Write-offs charged against the allowance net of recoveries of amounts previously written off |  | (3,056) |  |  | (7,609) |  |  | (34,455) |
Balance at end of year |  | $ | 15,185 |  |  | $ | 13,962 |  |  | $ | 15,644 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration