Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2022
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
March 31,
  2022 2021
Revenues:    
Electric Power Infrastructure Solutions $ 2,138,697  $ 1,676,046 
Renewable Energy Infrastructure Solutions 875,632  384,074 
Underground Utility and Infrastructure Solutions
 951,196  643,461 
Consolidated revenues $ 3,965,525  $ 2,703,581 
Operating income (loss):
   
Electric Power Infrastructure Solutions (1)
$ 203,419  $ 153,739 
Renewable Energy Infrastructure Solutions 69,942  45,296 
Underground Utility and Infrastructure Solutions
 48,175  8,813 
Corporate and Non-Allocated Costs (2)
(204,020) (94,119)
Consolidated operating income $ 117,516  $ 113,729 
Depreciation:    
Electric Power Infrastructure Solutions $ 36,779  $ 34,404 
Renewable Energy Infrastructure Solutions 8,233  2,241 
Underground Utility and Infrastructure Solutions
 20,938  21,087 
Corporate and Non-Allocated Costs 5,004  4,375 
Consolidated depreciation $ 70,954  $ 62,107 
(1)    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.
(2)    Corporate and Non-Allocated Costs for the three months ended March 31, 2022 and 2021 included amortization expense of $115.8 million and $21.4 million and non-cash stock-based compensation of $22.4 million and $18.7 million.