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Segmented information | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Segmented information | Segmented information a) General information The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. A significant portion of our services are primarily focused on supporting the construction and operation of surface mines. The Company considers the basis on which it is organized, including geographic areas, to identify its operating segments. Operating segments of the Company are defined as components of the Company for which separate financial information is available and are evaluated regularly by the chief operating decision maker when allocating resources and assessing performance. The chief operating decision makers ("CODMs") are the President & CEO and the CFO of the Company. The Company’s reportable segments are Heavy Equipment - Canada, Heavy Equipment - Australia, and Other. Heavy Equipment - Canada and Heavy Equipment - Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes our mine management contract work in the United States, our external maintenance and rebuild programs and our equity method investments. Segment performance is evaluated by the CODMs based on gross profit and is measured consistently with gross profit in the consolidated financial statements. Inter-segment revenues are eliminated on consolidation and reflected in the Eliminations column. b) Results by reportable segment
For the year ended December 31, 2023 |  | Heavy Equipment - Canada |  | Heavy Equipment - Australia |  | Other |  | Eliminations |  | Total
Revenue from external customers |  | $ | 760,590 |  |  | $ | 153,877 |  |  | $ | 17,981 |  |  | $ | — |  |  | $ | 932,448 |
Revenue from intersegment transactions |  | 6,330 |  |  | 4,731 |  |  | 21,982 |  |  | (8,271) |  |  | 24,772 |
Depreciation expense |  | 116,660 |  |  | 13,240 |  |  | — |  |  | 1,419 |  |  | 131,319 |
Segment gross profits |  | 104,167 |  |  | 40,607 |  |  | 11,986 |  |  | (2,543) |  |  | 154,217 |
Segment assets |  | 1,079,370 |  |  | 718,114 |  |  | 101,709 |  |  | (352,715) |  |  | 1,546,478 |
Purchase of property, plant and equipment |  | 146,442 |  |  | 56,367 |  |  | — |  |  | — |  |  | 202,809 |
For the year ended December 31, 2022 |  | Heavy Equipment - Canada |  | Heavy Equipment - Australia |  | Other |  | Eliminations |  | Total
Revenue from external customers |  | $ | 700,863 |  |  | $ | 30,693 |  |  | $ | 21,016 |  |  | $ | — |  |  | $ | 752,572 |
Revenue from intersegment transactions |  | 7,923 |  |  | — |  |  | 35,947 |  |  | (26,903) |  |  | 16,967 |
Depreciation expense |  | 119,054 |  |  | 183 |  |  | — |  |  | 31 |  |  | 119,268 |
Segment gross profits |  | 81,754 |  |  | 6,721 |  |  | 15,627 |  |  | (2,554) |  |  | 101,548 |
Segment assets |  | 874,374 |  |  | 29,361 |  |  | 94,702 |  |  | (18,924) |  |  | 979,513 |
Purchase of property, plant and equipment |  | 111,295 |  |  | 204 |  |  | — |  |  | — |  |  | 111,499 |
Revenue from intersegment transactions includes transactions with the Company's joint ventures accounted for using the equity method which are not eliminated upon consolidation. c) Reconciliation Income before income taxes
For the year ended December 31, |  | 2023 |  | 2022
Total gross profit for reportable segments |  | $ | 154,217 |  |  | $ | 101,548 |
Less: unallocated corporate items: |  |  |  |
General and administrative costs |  | 56,844 |  |  | 29,855 |
Loss on disposal of property, plant and equipment |  | 1,659 |  |  | 536 |
Equity earnings in affiliates and joint ventures |  | (25,815) |  |  | (37,053) |
Interest expense |  | 36,948 |  |  | 24,543 |
Change in fair value of contingent consideration |  | 4,681 |  |  | — |
Gain on derivative financial instruments |  | (6,063) |  |  | (778) |
Income before income taxes |  | $ | 85,963 |  |  | $ | 84,445 |
d) Geographic information Revenue
|  | 2023 |  | 2022
Canada |  | $ | 795,472 |  |  | 733,328 |
Australia |  | 151,789 |  |  | 24,187 |
United States |  | 9,959 |  |  | 12,024 |
|  | $ | 957,220 |  |  | 769,539 |
Revenue from external customers is attributed to countries on the basis of the customer's location. Long lived assets
|  | 2023 |  | 2022
Canada |  | $ | 601,537 |  |  | 665,936 |
Australia |  | 568,306 |  |  | 7,581 |
|  | $ | 1,169,843 |  |  | 673,517 |
Long lived assets consists of property, plant and equipment, lease assets, deferred tax assets, and other assets including intangibles. Geographic information is attributed to countries based on the location of the assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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