XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

Revenue Recognition and Related Balance Sheet Accounts (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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):
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
By contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price contracts |  | $ | 3,755,326 |  |  | 60.2 | % |  | $ | 2,672,315 |  |  | 53.1 | % |  |  |  |  |  |  |  |
Unit-price contracts |  | 1,455,486 |  |  | 23.4 |  |  | 1,427,507 |  |  | 28.4 |  |  |  |  |  |  |  |  |
Cost-plus contracts |  | 1,022,522 |  |  | 16.4 |  |  | 931,997 |  |  | 18.5 |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 6,233,334 |  |  | 100.0 | % |  | $ | 5,031,819 |  |  | 100.0 | % |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
By primary geographic location:
United States |  | $ | 5,788,053 |  |  | 92.9 | % |  | $ | 4,569,716 |  |  | 90.8 | % |  |  |  |  |  |  |  |
Canada |  | 210,246 |  |  | 3.4 |  |  | 229,427 |  |  | 4.6 |  |  |  |  |  |  |  |  |
Australia |  | 171,087 |  |  | 2.7 |  |  | 146,029 |  |  | 2.9 |  |  |  |  |  |  |  |  |
Others |  | 63,948 |  |  | 1.0 |  |  | 86,647 |  |  | 1.7 |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 6,233,334 |  |  | 100.0 | % |  | $ | 5,031,819 |  |  | 100.0 | % |  |  |  |  |  |  |  |
Contract Assets and Liabilities | Contract assets and liabilities consisted of the following (in thousands):
|  | March 31, 2025 |  | December 31, 2024
Contract assets |  | $ | 1,259,040 |  |  | $ | 1,208,619 |
Contract liabilities |  | $ | 2,151,553 |  |  | $ | 2,149,328 |
Composition of the Allowance for Credit Losses | Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
|  | Three Months Ended |  |
|  | March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Balance at beginning of period |  | $ | 15,185 |  |  | $ | 13,962 |  |  |  |  |
Increase in provision for credit losses |  | 948 |  |  | 271 |  |  |  |  |
Write-offs charged against the allowance net of recoveries of amounts previously written off |  | (582) |  |  | (278) |  |  |  |  |
Balance at end of period |  | $ | 15,551 |  |  | $ | 13,955 |  |  |  |  |

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