QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...

QUANTA SERVICES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Summarized financial information for Quanta’s reportable segments is presented in the following table (in
thousands):
2011
Year Ended December 31,
2010 2009
Revenues:
Electric Power ................................. $3,029,678 $2,048,247 $2,067,845
Natural Gas and Pipeline ......................... 1,024,833 1,403,250 784,657
Telecommunications ............................ 457,278 372,934 378,363
Fiber Optic Licensing ........................... 112,040 106,787 87,261
Consolidated .................................. $4,623,829 $3,931,218 $3,318,126
Operating income (loss):
Electric Power ................................. $ 329,567 $ 206,040 $ 226,109
Natural Gas and Pipeline ......................... (78,543) 119,175 62,663
Telecommunications ............................ 36,774 14,864 25,346
Fiber Optic Licensing ........................... 54,199 52,698 44,143
Corporate and non-allocated costs ................. (124,314) (136,594) (116,139)
Consolidated .................................. $ 217,683 $ 256,183 $ 242,122
Depreciation:
Electric Power ................................. $ 50,035 $ 40,781 $ 40,284
Natural Gas and Pipeline ......................... 41,207 43,552 27,579
Telecommunications ............................ 5,948 6,631 6,520
Fiber Optic Licensing ........................... 13,829 12,749 9,419
Corporate and non-allocated costs ................. 5,049 3,794 3,060
Consolidated .................................. $ 116,068 $ 107,507 $ 86,862
Separate measures of Quanta’s assets and cash flows by reportable segment, including capital expenditures,
are not produced or utilized by management to evaluate segment performance. Quanta’s fixed assets which are
held at the operating unit level, include operating machinery, equipment and vehicles, as well as office
equipment, buildings and leasehold improvements, are used on an interchangeable basis across its reportable
segments. As such, for reporting purposes, total depreciation expense is allocated each quarter among Quanta’s
reportable segments based on the ratio of each reportable segment’s revenue contribution to consolidated
revenues.
Foreign Operations
During 2011, 2010, and 2009, Quanta derived $535.0 million, $256.1 million and $112.2 million,
respectively, of its revenues from foreign operations. Of Quanta’s foreign revenues, approximately 97%, 87%
and 84% were earned in Canada during the years ended December 31, 2011, 2010 and 2009, respectively. The
increase in revenues from foreign operations from 2010 is primarily attributable to 2010 and 2011 acquisitions.
In addition, Quanta held property and equipment of $114.8 million and $94.0 million in foreign countries,
primarily Canada, as of December 31, 2011 and 2010.
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