XML 66 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation
In the following table, revenue is disaggregated by the type of customer or service provided. The Company believes this level of disaggregation best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The table also includes a reconciliation of the disaggregated revenue by reportable segments. For more information on the Company's business segments, see Note 18.
Year ended December 31, 2023ElectricNatural gas distributionPipelineConstruction servicesOtherTotal
(In thousands)
Residential utility sales
$136,274 $724,600 $— $— $— $860,874 
Commercial utility sales170,321 442,507 — — — 612,828 
Industrial utility sales43,063 45,205 — — — 88,268 
Other utility sales7,270 — — — — 7,270 
Natural gas transportation— 52,465 145,297 — — 197,762 
Natural gas storage— — 18,254 — — 18,254 
Electrical & mechanical specialty contracting— — — 2,125,536 — 2,125,536 
Transmission & distribution specialty contracting— — — 683,342 — 683,342 
Other54,508 15,141 13,874 173 7,941 91,637 
Intersegment eliminations(274)(416)(62,540)(143)(7,941)(71,314)
Revenues from contracts with customers411,162 1,279,502 114,885 2,808,908 — 4,614,457 
Other revenues(10,261)7,619 187 45,338 — 42,883 
Total external operating revenues$400,901 $1,287,121 $115,072 $2,854,246 $— $4,657,340 
Year ended December 31, 2022ElectricNatural gas distributionPipelineConstruction servicesOtherTotal
(In thousands)
Residential utility sales$138,634 $718,191 $— $— $— $856,825 
Commercial utility sales146,182 453,802 — — — 599,984 
Industrial utility sales43,766 41,710 — — — 85,476 
Other utility sales7,597 — — — — 7,597 
Natural gas transportation— 48,886 129,290 — — 178,176 
Natural gas storage— — 14,583 — — 14,583 
Electrical & mechanical specialty contracting— — — 1,988,729 — 1,988,729 
Transmission & distribution specialty contracting— — — 662,705 — 662,705 
Other45,608 13,617 11,450 436 5,840 76,951 
Intersegment eliminations(137)(274)(58,884)(4,627)(5,840)(69,762)
Revenues from contracts with customers381,650 1,275,932 96,439 2,647,243 — 4,401,264 
Other revenues(4,714)(2,402)256 47,380 — 40,520 
Total external operating revenues$376,936 $1,273,530 $96,695 $2,694,623 $— $4,441,784 
Year ended December 31, 2021ElectricNatural gas distributionPipelineConstruction servicesOtherTotal
(In thousands)
Residential utility sales$126,841 $544,721 $— $— $— $671,562 
Commercial utility sales137,556 328,285 — — — 465,841 
Industrial utility sales41,757 30,964 — — — 72,721 
Other utility sales7,051 — — — — 7,051 
Natural gas transportation— 48,408 114,001 — — 162,409 
Natural gas storage— — 14,680 — — 14,680 
Electrical & mechanical specialty contracting— — — 1,324,419 — 1,324,419 
Transmission & distribution specialty contracting— — — 677,074 — 677,074 
Other42,902 10,567 13,667 557 4,606 72,299 
Intersegment eliminations(170)(300)(59,470)(1,403)(4,522)(65,865)
Revenues from contracts with customers355,937 962,645 82,878 2,000,647 84 3,402,191 
Other revenues(6,525)8,995 188 49,587 — 52,245 
Total external operating revenues$349,412 $971,640 $83,066 $2,050,234 $84 $3,454,436 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The changes in contract assets and liabilities were as follows:
December 31, 2023December 31, 2022ChangeLocation on Consolidated Balance Sheets
(In thousands)
Contract assets
$158,861 $154,144 $4,717 Receivables, net
Contract liabilities - current(202,144)(168,361)(33,783)Accounts payable
Contract liabilities - noncurrent(291)(6)(285)Noncurrent liabilities - other
Net contract liabilities$(43,574)$(14,223)$(29,351)
December 31, 2022December 31, 2021ChangeLocation on Consolidated Balance Sheets
(In thousands)
Contract assets
$154,144 $103,737 $50,407 Receivables, net
Contract liabilities - current(168,361)(146,792)(21,569)Accounts payable
Contract liabilities - noncurrent(6)(118)112 Noncurrent liabilities - other
Net contract liabilities$(14,223)$(43,173)$28,950