Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Summarized Financial Information
Summarized financial information for Quanta’s reportable segments is presented in the following table (in thousands):
Three Months Ended Nine Months Ended
September 30, September 30,
  2021 2020 2021 2020
Revenues:    
Electric Power Infrastructure Solutions $ 2,328,468  $ 2,107,621  $ 6,536,363  $ 5,667,566 
Underground Utility and Infrastructure Solutions
1,024,810  912,540  2,520,312  2,622,921 
Consolidated revenues $ 3,353,278  $ 3,020,161  $ 9,056,675  $ 8,290,487 
Operating income (loss):
   
Electric Power Infrastructure Solutions (1)(2)
$ 288,283  $ 268,376  $ 724,217  $ 581,030 
Underground Utility and Infrastructure Solutions
68,167  76,220  100,917  128,747 
Corporate and Non-Allocated Costs (108,373) (102,381) (301,677) (273,909)
Consolidated operating income $ 248,077  $ 242,215  $ 523,457  $ 435,868 
Depreciation:    
Electric Power Infrastructure Solutions $ 37,196  $ 30,637  $ 110,925  $ 88,337 
Underground Utility and Infrastructure Solutions
20,958  21,313  63,183  64,280 
Corporate and Non-Allocated Costs 3,462  4,294  12,372  12,563 
Consolidated depreciation $ 61,616  $ 56,244  $ 186,480  $ 165,180 
(1)    As of December 31, 2020, Quanta had substantially completed the exit of its operations in Latin America. For the three and nine months ended September 30, 2020, operating income for the Electric Power Infrastructure Solutions segment included $15.4 million and $46.9 million of operating losses related to Latin American operations.
(2)    Operating income for the Electric Power Infrastructure Solutions segment includes equity in earnings of integral unconsolidated affiliates that are operationally integral to the operations of Quanta, which primarily consists of equity in earnings related to Quanta’s equity interest in LUMA.