|
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 |
|
|