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Segments and Related Information (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Financial Information by Reportable Segment



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
Revenue:	2019			2018			2019			2018
Communications ^(a)	$	679.5		$	661.7		$	1,944.9		$	1,907.5
Oil and Gas	972.5			1,035.9			2,530.5			2,341.6
Electrical Transmission	103.0			99.1			298.3			297.6
Power Generation and Industrial	261.7			179.6			701.3			443.2
Other	0.1			1.6			0.1			3.7
Eliminations	(0.2		)	(0.7		)	(1.1		)	(1.7		)
Consolidated revenue	$	2,016.6		$	1,977.2		$	5,474.0		$	4,991.9


(a)	Revenue generated primarily by utilities customers represented 14.9% and 13.9% of Communications segment revenue for the three month periods ended September 30, 2019 and 2018, respectively, and represented 15.3% and 15.1% for the nine month periods ended September 30, 2019 and 2018, respectively.



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
EBITDA:	2019			2018			2019			2018
Communications	$	57.1		$	74.8		$	154.8		$	230.6
Oil and Gas	212.9			155.8			499.6			311.5
Electrical Transmission	7.8			3.1			20.3			5.0
Power Generation and Industrial	2.3			9.7			14.4			24.3
Other	6.7			7.0			19.4			19.7
Corporate	(38.9		)	(27.6		)	(87.7		)	(75.0		)
Consolidated EBITDA	$	247.9		$	222.8		$	620.8		$	516.1



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Depreciation and Amortization:	2019		2018		2019		2018
Communications	$	15.7	$	14.5	$	45.7	$	44.4
Oil and Gas	28.8		30.6		97.7		82.1
Electrical Transmission	5.1		4.8		14.8		15.2
Power Generation and Industrial	3.3		3.4		9.7		9.9
Other	0.0		0.0		0.1		0.1
Corporate	2.3		1.6		6.2		4.8
Consolidated depreciation and amortization	$	55.2	$	54.9	$	174.2	$	156.5

Reconciliation of Consolidated Income before Income Taxes to EBITDA



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
EBITDA Reconciliation:	2019		2018		2019		2018
Income before income taxes	$	173.4	$	145.6	$	388.5	$	299.4
Plus:
Interest expense, net	19.3		22.3		58.2		60.2
Depreciation and amortization	55.2		54.9		174.2		156.5
Consolidated EBITDA	$	247.9	$	222.8	$	620.8	$	516.1

Schedule of Significant Customers, Revenue Concentration Information

Revenue concentration information for significant customers as a percentage of total consolidated revenue was as follows:



	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
Customer:	2019	2018	2019	2018
AT&T (including DIRECTV^®) ^(a)	18%	21%	20%	24%
Equitrans Midstream Corporation/EQT Corporation ^(b)	17%	28%	12%	18%
Energy Transfer affiliates ^(c)	7%	12%	7%	17%

(a)

The Company’s relationship with AT&T is based upon multiple separate master service and other service agreements, including for installation and maintenance services, as well as construction/installation contracts for AT&T’s: (i) wireless business; (ii) wireline/fiber businesses; and (iii) various install-to-the-home businesses, including DIRECTV^®. Revenue from AT&T is included in the Communications segment.


(b)	The Company's relationship with Equitrans Midstream Corporation and its affiliates, which was spun off from EQT Corporation and its affiliates in 2018, is based upon various construction contracts for pipeline activities, for which the related revenue is included in the Oil and Gas segment.

(c)

The Company's relationship with Energy Transfer affiliates is based upon various construction contracts for pipeline activities with Energy Transfer Operating, L.P., and its subsidiaries and affiliates, all of which are consolidated by Energy Transfer L.P. Revenue from Energy Transfer affiliates is included in the Oil and Gas segment.