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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Financial Information Concerning Company's Reportable Segments

Summarized financial information concerning the Company’s reportable segments for the three and six months ended June 30, 2019 and 2018, is shown in the following tables:


Three Months Ended			Intercompany		Reported		Segment
June 30, 2019	Revenue		Revenue^(b)		Revenue		EBITDA^(c)
Eastern	$	390,476	$	(66,855)	$	323,621	$	85,048
Southern		339,461		(41,446)		298,015		74,511
Western		311,702		(34,704)		276,998		86,440
Central		250,467		(32,106)		218,361		74,506
Canada		216,306		(27,779)		188,527		67,664
E&P		67,016		(2,899)		64,117		33,433
Corporate^(a)		—		—		—		(7,446)
	$	1,575,428	$	(205,789)	$	1,369,639	$	414,156


Three Months Ended			Intercompany		Reported		Segment
June 30, 2018	Revenue		Revenue^(b)		Revenue		EBITDA^(c)
Eastern	$	320,404	$	(53,945)	$	266,459	$	73,755
Southern		321,051		(37,941)		283,110		68,787
Western		295,730		(32,031)		263,699		81,175
Central		207,209		(27,705)		179,504		64,172
Canada		211,787		(24,949)		186,838		67,305
E&P		61,765		(1,407)		60,358		31,231
Corporate^(a)		—		—		—		260
	$	1,417,946	$	(177,978)	$	1,239,968	$	386,685


Six Months Ended
June 30,			Intercompany		Reported		Segment
2019	Revenue		Revenue^(b)		Revenue		EBITDA^(c)
Eastern	$	737,323	$	(120,875)	$	616,448	$	162,005
Southern		663,942		(78,599)		585,343		148,889
Western		597,877		(65,900)		531,977		163,444
Central		453,260		(57,022)		396,238		137,534
Canada		406,591		(49,717)		356,874		126,908
E&P		133,050		(5,655)		127,395		65,042
Corporate^(a)		—		—		—		(11,304)
	$	2,992,043	$	(377,768)	$	2,614,275	$	792,518


Six Months Ended
June 30,			Intercompany		Reported		Segment
2018	Revenue		Revenue^(b)		Revenue		EBITDA^(c)
Eastern	$	603,952	$	(99,905)	$	504,047	$	140,040
Southern		630,007		(73,558)		556,449		137,694
Western		570,850		(61,988)		508,862		153,832
Central		386,700		(49,116)		337,584		123,742
Canada		403,475		(46,662)		356,813		126,571
E&P		119,385		(3,041)		116,344		59,910
Corporate^(a)		—		—		—		(6,083)
	$	2,714,369	$	(334,270)	$	2,380,099	$	735,706

____________________

(a)

Corporate functions include accounting, legal, tax, treasury, information technology, risk management, human resources, training and other administrative functions. Amounts reflected are net of allocations to the six operating segments.

(b)

Intercompany revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments. Transactions within and between segments are generally made on a basis intended to reflect the market value of the service.

(c)

For those items included in the determination of segment EBITDA, the accounting policies of the segments are the same as those described in the Company’s most recent Annual Report on Form 10-K.

Total Assets for Reportable Segments

Total assets for each of the Company’s reportable segments at June 30, 2019 and December 31, 2018, were as follows:


	June 30,		December 31,
	2019		2018
Eastern	$	2,720,643	$	2,673,316
Southern		2,965,048		2,892,994
Western		1,680,268		1,596,129
Central		1,880,010		1,506,326
Canada		2,496,286		2,412,971
E&P		974,023		969,808
Corporate		429,494		575,785
Total Assets	$	13,145,772	$	12,627,329

Changes in Goodwill by Reportable Segment

The following tables show changes in goodwill during the six months ended June 30, 2019 and 2018, by reportable segment:


	Eastern		Southern		Western		Central		Canada		E&P		Total
Balance as of December 31, 2018	$	1,143,355	$	1,517,610	$	398,174	$	523,566	$	1,448,980	$	—	$	5,031,685
Goodwill transferred		(16,869)		—		—		16,869		—		—		—
Goodwill acquired		25,294		7,726		1,122		190,383		—		—		224,525
Goodwill acquisition adjustments		—		—		—		—		(173)		—		(173)
Goodwill divested		—		(845)		—		—		—		—		(845)
Impact of changes in foreign currency		—		—		—		—		61,478		—		61,478
Balance as of June 30, 2019	$	1,151,780	$	1,524,491	$	399,296	$	730,818	$	1,510,285	$	—	$	5,316,670


	Eastern		Southern		Western		Central		Canada		E&P		Total
Balance as of December 31, 2017	$	804,133	$	1,436,320	$	397,508	$	468,275	$	1,575,538	$	—	$	4,681,774
Goodwill transferred		(16,869)		—		—		16,869		—		—		—
Goodwill acquired		120,979		4,909		666		39,155		—		—		165,709
Impact of changes in foreign currency		—		—		—		—		(74,517)		—		(74,517)
Balance as of June 30, 2018	$	908,243	$	1,441,229	$	398,174	$	524,299	$	1,501,021	$	—	$	4,772,966

Reconciliation of Primary Measure of Segment Profitability to Income Before Income Tax Provision

A reconciliation of the Company’s primary measure of segment profitability (segment EBITDA) to Income before income tax provision in the Condensed Consolidated Statements of Net Income is as follows:


	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
Eastern segment EBITDA	$	85,048	$	73,755	$	162,005	$	140,040
Southern segment EBITDA		74,511		68,787		148,889		137,694
Western segment EBITDA		86,440		81,175		163,444		153,832
Central segment EBITDA		74,506		64,172		137,534		123,742
Canada segment EBITDA		67,664		67,305		126,908		126,571
E&P segment EBITDA		33,433		31,231		65,042		59,910
Subtotal reportable segments		421,602		386,425		803,822		741,789
Unallocated corporate overhead		(7,446)		260		(11,304)		(6,083)
Depreciation		(156,776)		(142,450)		(303,623)		(275,634)
Amortization of intangibles		(31,344)		(26,474)		(61,886)		(52,573)
Impairments and other operating items		(3,902)		(7,073)		(20,014)		(8,104)
Interest expense		(37,245)		(32,426)		(74,533)		(64,796)
Interest income		1,818		1,056		5,129		2,210
Other income, net		805		2,031		3,363		1,644
Foreign currency transaction gain (loss)		1,115		30		1,218		(190)
Income before income tax provision	$	188,627	$	181,379	$	342,172	$	338,263