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Revenue and Contracts in Process (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Revenue from contracts with customers consists of the following (in millions):

												Years Ended December 31,
																		2022						2021
Revenue
Infrastructure																		$	1,594.3					$	1,159.7
Life Sciences																		4.3						3.5
Spectrum																		38.7						42.0
Total revenue																		$	1,637.3					$	1,205.2

Schedule of Accounts Receivable, net

Accounts receivables, net, from contracts with customers consist of the following (in millions):

						December 31,
						2022						2021
Accounts receivables with customers
Infrastructure						$	244.5					$	226.8
Life Sciences						0.8						0.3
Spectrum						5.1						9.4
Total accounts receivables with customers						$	250.4					$	236.5

Accounts receivable, net as of the periods indicated consisted of the following (in millions):

						December 31,
						2022						2021
Contracts in progress						$	244.8					$	226.8
Unbilled retentions						0.2						0.4
Trade receivables						5.9						9.9
Other receivables						4.5						10.6
Allowance for doubtful accounts						(0.5)						(0.6)
Total						$	254.9					$	247.1

Disaggregation of Revenue

The following table disaggregates DBMG's revenue by market (in millions):

												Years Ended December 31,
																		2022						2021
Commercial																		$	794.0					$	539.8
Industrial																		409.5						292.5
Healthcare																		129.9						59.8
Convention																		136.2						85.8
Transportation																		50.2						52.7
Leisure																		23.4						23.2
Government																		34.8						68.0
Other																		15.8						37.7
Total revenue from contracts with customers																		1,593.8						1,159.5
Other revenue																		0.5						0.2
Total Infrastructure segment revenue																		$	1,594.3					$	1,159.7

The following table disaggregates the Life Sciences segment's revenue by type for the periods indicated (in millions):

												Years Ended December 31,
																		2022						2021
Systems and consumables revenue																		$	4.3					$	3.5
Total Life Sciences segment revenue																		$	4.3					$	3.5

The following table disaggregates the Spectrum segment's revenue by type for the periods indicated (in millions):

												Years Ended December 31,
																		2022						2021
Broadcast station																		$	19.6					$	18.6
Network advertising																		14.8						18.1
Network distribution																		2.8						3.2
Other																		1.5						2.1
Total Spectrum segment revenue																		$	38.7					$	42.0

Schedule of Costs and Recognized Earnings in Excess of Billings and Billings in Excess of Costs and Recognized Earnings on Uncompleted Contracts

Contract assets and contract liabilities and recognized earnings consisted of the following (in millions):

						Years Ended December 31,
						2022						2021
Costs incurred on contracts in progress						$	2,503.3					$	2,161.5
Estimated earnings						378.9						316.4
Contract revenue earned on uncompleted contracts						2,882.2						2,477.9
Less: progress billings						2,815.7						2,438.4
						$	66.5					$	39.5
The above is included in the accompanying Consolidated Balance Sheets under the following line items:
Contract assets						$	165.1					$	118.6
Contract liabilities						(98.6)						(79.1)
						$	66.5					$	39.5

Schedule of Contract with Customer, Asset and Liability

						Years Ended December 31,
						2022						2021
Cost in excess of billings						$	90.7					$	68.3
Conditional retainage						74.4						50.3
Contract assets						$	165.1					$	118.6
Billings in excess of costs						$	(152.0)					$	(137.6)
Conditional retainage						53.4						58.5
Contract liabilities						$	(98.6)					$	(79.1)

Schedule of Remaining Performance Obligations

As of December 31, 2022, the transaction price allocated to remaining unsatisfied performance obligations consisted of the following (in millions):

						Within One Year						Within Five Years												Total
Commercial						$	354.5					$	32.5											$	387.0
Industrial						369.8						19.8												389.6
Transportation						283.3						145.8												429.1
Government						8.0						—												8.0
Leisure						4.7						—												4.7
Healthcare						220.6						221.9												442.5
Convention						103.1						5.0												108.1
Other						2.9						—												2.9
Remaining unsatisfied performance obligations						$	1,346.9					$	425.0											$	1,771.9

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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