Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
The following table presents the significant estimates used by management in determining the fair values of customer relationships associated with acquisitions in the six months ended June 30, 2018 and year ended December 31, 2017:
 
 
2018
 
2017
Discount rates
 
25%
 
17% to 25%
Customer attrition rates
 
20%
 
15% to 78%
Disaggregation of Revenue
The following tables present Quanta’s revenue disaggregated by geographic location and contract type for the three and six months ended June 30, 2018 (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30, 2018
 
June 30, 2018
By primary geographic location:
 
 
 
 
United States
 
$
2,193,437

 
$
3,905,864

Canada
 
315,173

 
853,531

Australia
 
113,880

 
233,337

Latin America and Other
 
33,858

 
81,192

Total revenues
 
$
2,656,348

 
$
5,073,924


 
 
Three Months Ended
 
Six Months Ended
 
 
June 30, 2018
 
June 30, 2018
By contract type:
 
 
 
 
Unit-price contracts
 
$
1,018,145

 
$
1,631,583

Fixed price contracts
 
1,032,991

 
2,258,080

Cost-plus contracts
 
605,212

 
1,184,261

Total revenues
 
$
2,656,348

 
$
5,073,924

Contract with Customer, Asset and Liability
Contract assets and liabilities consisted of the following (in thousands):
 
 
June 30, 2018
 
December 31, 2017
Contract assets
 
$
551,505

 
$
497,292

Contract liabilities
 
$
496,083

 
$
433,387