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Customer Concentrations
12 Months Ended
Dec. 31, 2017
Customer Concentrations  
Customer Concentrations

Note 15—Customer Concentrations

 

We operate in multiple industry segments encompassing the construction of commercial, industrial, and public works infrastructure assets primarily throughout the United States.  Typically, the top ten customers in any one calendar year generate revenues in excess of 50% of total revenues and consist of a different group of customers in each year.

 

During the years ended December 31, 2017, 2016 and 2015, we generated 38.4%,  45.6% and 48.9%, of our revenues, respectively, from the following customers (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

Description of Customer's Business

    

Segment

    

Amount

    

Percentage

    

Amount

    

Percentage

    

Amount

    

Percentage

 

State DOT

 

Civil

 

$

222,142

 

9.3%

 

$

193,049

 

9.7%

 

$

183,847

 

9.5%

 

Public gas and electric utility

 

Utilities

 

 

210,747

 

8.9%

 

 

184,002

 

9.2%

 

 

120,507

 

6.2%

 

Private gas and electric utility

 

Utilities

 

 

190,659

 

8.0%

 

 

201,443

 

10.1%

 

 

173,232

 

9.0%

 

Chemical/Energy producer

 

Power/Civil

 

 

160,995

 

6.8%

 

 

208,458

 

10.4%

 

 

173,931

 

9.0%

 

Pipeline operator

 

Pipeline

 

 

128,182

 

5.4%

 

 

*

 

*

 

 

*

 

*

 

Pipeline operator

 

Pipeline

 

 

*

 

*

 

 

123,055

 

6.2%

 

 

*

 

*

 

Pipeline operator

 

Pipeline

 

 

*

 

*

 

 

*

 

*

 

 

165,578

 

8.6%

 

Gas utility

 

Utilities

 

 

*

 

*

 

 

*

 

*

 

 

127,128

 

6.6%

 

 

 

 

 

$

912,725

 

38.4%

 

$

910,007

 

45.6%

 

$

944,223

 

48.9%

 

 


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

 

For the years ended December 31, 2017, 2016 and 2015, approximately  56.4%,  60.4% and 59.4%, respectively, of total revenues were generated from our top ten customers in that year.  In each of the years, a different group of customers comprised the top ten customers by revenue.

 

At December 31, 2017, approximately 4.3% of our accounts receivable were due from one customer, and that customer provided  8.9% of our revenues for the year ended December 31, 2017. At December 31, 2016, approximately 20.8% of our accounts receivable were due from one customer, and that customer provided 6.2% of our revenues for the year ended December 31, 2016.