XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue Recognition and Related Balance Sheet Accounts (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
By contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price contracts |  | $ | 4,813,711 |  |  | 63.1 | % |  | $ | 3,725,174 |  |  | 57.4 | % |  | $ | 12,517,491 |  |  | 60.7 | % |  | $ | 9,489,949 |  |  | 55.4 | %
Unit-price contracts |  | 1,692,949 |  |  | 22.2 |  |  | 1,769,369 |  |  | 27.2 |  |  | 4,882,579 |  |  | 23.7 |  |  | 4,830,577 |  |  | 28.2 |
Cost-plus contracts |  | 1,124,748 |  |  | 14.7 |  |  | 998,624 |  |  | 15.4 |  |  | 3,237,679 |  |  | 15.6 |  |  | 2,798,847 |  |  | 16.4 |
Total revenues |  | $ | 7,631,408 |  |  | 100.0 | % |  | $ | 6,493,167 |  |  | 100.0 | % |  | $ | 20,637,749 |  |  | 100.0 | % |  | $ | 17,119,373 |  |  | 100.0 | %
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
By primary geographic location:
United States |  | $ | 7,112,960 |  |  | 93.3 | % |  | $ | 5,871,453 |  |  | 90.4 | % |  | $ | 19,180,023 |  |  | 92.9 | % |  | $ | 15,573,776 |  |  | 91.1 | %
Canada |  | 275,644 |  |  | 3.6 |  |  | 329,066 |  |  | 5.1 |  |  | 724,296 |  |  | 3.5 |  |  | 778,578 |  |  | 4.5 |
Australia |  | 202,031 |  |  | 2.6 |  |  | 195,815 |  |  | 3.0 |  |  | 571,222 |  |  | 2.8 |  |  | 503,095 |  |  | 2.9 |
Others |  | 40,773 |  |  | 0.5 |  |  | 96,833 |  |  | 1.5 |  |  | 162,208 |  |  | 0.8 |  |  | 263,924 |  |  | 1.5 |
Total revenues |  | $ | 7,631,408 |  |  | 100.0 | % |  | $ | 6,493,167 |  |  | 100.0 | % |  | $ | 20,637,749 |  |  | 100.0 | % |  | $ | 17,119,373 |  |  | 100.0 | %
Contract Assets and Liabilities | Contract assets and liabilities consisted of the following (in thousands):
|  | September 30, 2025 |  | December 31, 2024
Contract assets |  | $ | 1,563,919 |  |  | $ | 1,208,619 |
Contract liabilities |  | $ | 2,445,429 |  |  | $ | 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 |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Balance at beginning of period |  | $ | 15,630 |  |  | $ | 13,955 |  |  | $ | 15,185 |  |  | $ | 13,962 |
Increase in provision for credit losses |  | 897 |  |  | 1,588 |  |  | 2,499 |  |  | 1,859 |
Write-offs charged against the allowance net of recoveries of amounts previously written off |  | (563) |  |  | (1,962) |  |  | (1,720) |  |  | (2,240) |
Balance at end of period |  | $ | 15,964 |  |  | $ | 13,581 |  |  | $ | 15,964 |  |  | $ | 13,581 |

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