Annual report pursuant to Section 13 and 15(d)

DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS (Tables)

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DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS (Tables)
12 Months Ended
Dec. 31, 2012
Current and Long-Term Allowance for Doubtful Accounts

Activity in Quanta’s current and long-term allowance for doubtful accounts consists of the following (in thousands):

 

     December 31,  
     2012     2011  

Balance at beginning of year

   $ 3,751      $ 5962   

Charged to expense

     3,693        1,163   

Deductions for uncollectible receivables written off, net of recoveries

     (1,997     (3,374
  

 

 

   

 

 

 

Balance at end of year

   $ 5,447      $ 3,751   
Contracts in Progress

Contracts in progress are as follows (in thousands):

 

     December 31,  
     2012     2011  

Costs incurred on contracts in progress

   $ 3,744,337      $ 2,257,719   

Estimated earnings, net of estimated losses

     612,000        270,113   
  

 

 

   

 

 

 
     4,356,337        2,527,832   

Less — Billings to date

     (4,187,445     (2,483,264
  

 

 

   

 

 

 
   $ 168,892      $ 44,568   
  

 

 

   

 

 

 

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 342,777      $ 189,167   

Less — Billings in excess of costs and estimated earnings on uncompleted contracts

     (173,885     (144,599
  

 

 

   

 

 

 
   $ 168,892      $ 44,568   
  

 

 

   

 

 

 
Property and Equipment

Property and equipment consists of the following (in thousands):

 

     Estimated Useful
Lives in Years
     December 31,  
      2012     2011  

Land

     N/A       $ 16,101      $ 15,759   

Buildings and leasehold improvements

     5-30         59,818        50,457   

Operating equipment and vehicles

     5-25         1,045,248        917,269   

Fiber optic and related assets

     5-20         350,521        319,303   

Office equipment, furniture and fixtures and information technology systems

     3-15         95,779        81,282   

Construction work in progress

     N/A         33,546        29,502   
     

 

 

   

 

 

 
        1,601,013        1,413,572   

Less — Accumulated depreciation and amortization

        (555,030     (474,670
     

 

 

   

 

 

 

Property and equipment, net

      $ 1,045,983      $ 938,902   
     

 

 

   

 

 

 
Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consists of the following (in thousands):

 

     December 31,  
     2012      2011  

Accounts payable, trade

   $ 373,947       $ 316,525   

Accrued compensation and related expenses

     111,688         97,779   

Accrued insurance, current portion

     44,503         48,388   

Accrued loss on contracts

     4,770         2,771   

Deferred revenues, current portion

     22,499         15,052   

Income and franchise taxes payable

     85,663         47,703   

Other accrued expenses

     64,215         42,354   
  

 

 

    

 

 

 
   $ 707,285       $ 570,572