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Customer Concentrations
 12 Months Ended
Dec. 31, 2012
Customer Concentrations  
Customer Concentrations

Note 16—Customer Concentrations

 

The Company operates in multiple industry segments encompassing the construction of commercial, industrial, and public works infrastructure assets throughout primarily the United States.

 

During the years ended December 31, 2012, 2011 and 2010, the Company generated 44.8%, 46.5% and 41.2%, of its revenues, respectively, from the following customers:

 

Description of
Customer’s

 

2012

 

2011

 

2010

 

Business

 

Amount

 

Percentage

 

Amount

 

Percentage

 

Amount

 

Percentage

 

Texas DOT

 

$

88,783

 

5.8

%

$

*

 

*

 

$

*

 

*

 

Public gas and electric utility

 

224,845

 

14.6

%

165,373

 

11.3

%

69,212

 

7.3

%

Gas utility

 

86,786

 

5.6

%

*

 

*

 

*

 

*

 

Private gas and electric utility

 

106,804

 

6.9

%

*

 

*

 

*

 

*

 

Louisiana DOT

 

170,899

 

11.1

%

239,516

 

16.4

%

193,139

 

20.5

%

Public state agency

 

*

 

*

 

*

 

*

 

47,465

 

5.0

%

Gas utility (Ruby Pipeline Project)

 

12,553

 

0.8

%

274,898

 

18.8

%

79,224

 

8.4

%

 

 

$

690,670

 

44.8

%

$

679,787

 

46.5

%

$

389,040

 

41.2

%

 

 

(*)                                 Indicates a customer with less than 5% of revenues during such period.

 

For the year ended December 31, 2012, 2011 and 2010, approximately 55.9%, 68.5% and 55.3%, respectively, of total revenues were generated from the top ten customers of the Company in that year.  In each of the years, a different group of customers comprised the top ten customers by revenue.

 

At December 31, 2012, approximately 10.0% of the Company’s accounts receivable were due from one customer, and that customer provided 14.6% of the Company’s revenues for the year ended December 31, 2012.   At December 31, 2011, approximately 15.5% of the Company’s accounts receivable were due from the same customer, which provided 11.3% of the Company’s revenues for the year ended December 31, 2011.