Quanta Services, Inc. (PWR) Financial Statements (2024 and earlier)

Company Profile

Business Address 2727 NORTH LOOP WEST
HOUSTON, TX 77008-1044
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1731 - Electrical Work (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42922918516579138
Cash and cash equivalents42922918516579138
Receivables3,6753,4002,7162,7482,3551,985
Inventory, net of allowances, customer advances and progress billings10385505610881
Inventory10385505610881
Contract with customer, asset, after allowance for credit loss1,080803454601577
Costs in excess of billings497
Other undisclosed current assets250215183261208168
Total current assets:5,5364,7333,5883,8313,3262,870
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3221
Operating lease, right-of-use asset230241257284
Property, plant and equipment   (1,372) 1,2761,289
Long-term investments and receivables  101 13  
Long-term investments  101    
Accounts and financing receivable, after allowance for credit loss    13  
Intangible assets, net (including goodwill)5,0455,3302,5572,4362,1802,132
Goodwill3,5873,5292,1212,0231,9001,869
Intangible assets, net (excluding goodwill)1,4591,801436414280263
Deferred income tax assets 1217 13
Other noncurrent assets623632436393294190
Other undisclosed noncurrent assets2,0151,7992,9301,360  
Total noncurrent assets:7,9288,1234,8104,5013,7503,610
TOTAL ASSETS:13,46412,8558,3988,3327,0766,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1532,2551,5101,4901,3151,057
Taxes payable 63871320
Employee-related liabilities547378316279225
Accounts payable1,3021,251798799787633
Accrued liabilities851456214177196164
Other undisclosed accounts payable and accrued liabilities   571114016
Deferred revenue1,142803529606
Debt37291575661
Billings in excess of cost433
Contract with customer, liability426
Other undisclosed current liabilities74788592  
Total current liabilities:3,4063,1652,1392,2631,8061,492
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,6923,7241,1741,2921,041671
Long-term debt, excluding current maturities     1,041671
Finance lease, liability 2111
Other undisclosed long-term debt and lease obligation3,6903,5539941,095  
Liabilities, other than long-term debt967753616573438372
Deferred compensation liability, classified  7458473330
Deferred income tax liabilities228191166215
Other liabilities568487391311405342
Operating lease, liability172170179197
Other undisclosed noncurrent liabilities  96121149186149
Total noncurrent liabilities:4,6594,5731,9112,0151,6641,192
Total liabilities:8,0667,7384,0494,2783,4702,685
Equity
Equity, attributable to parent, including:5,3835,1124,3444,0503,6043,792
Common stock00   0
Treasury stock, value(1,188)(980)(858)(587)(554)(85)
Additional paid in capital2,7192,6152,1702,0251,9671,889
Accumulated other comprehensive loss(311)(238)(233)(242)(286)(203)
Retained earnings4,1633,7153,2652,8542,4772,191
Other undisclosed equity, attributable to parent   000 
Equity, attributable to noncontrolling interest1555414
Total equity:5,3995,1174,3494,0543,6053,796
TOTAL LIABILITIES AND EQUITY:13,46412,8558,3988,3327,0766,480

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues17,07412,98011,20312,11211,1719,466
Revenue, net9,466
Cost of revenue
(Cost of Goods and Services Sold)
(14,545)(11,027)(9,542)(10,512)(9,691)(8,225)
Gross profit:2,5291,9531,6611,6001,4801,242
Operating expenses(1,705)(1,327)(1,060)(1,032)(951)(868)
Other undisclosed operating income (loss)483711(13)115
Operating income:872664611555540379
Nonoperating income (expense)(44)28584(46)(4)
Investment income, nonoperating332121
Other nonoperating income (expense)(46)25383(47)(5)
Interest and debt expense(124)(69)(45)(67)(37)(21)
Income from continuing operations before income taxes:704623571572458354
Income tax expense(192)(131)(119)(165)(162)(36)
Income from continuing operations:512492452407296318
Income before gain (loss) on sale of properties:492452407296318
Net income:512492452407296318
Net loss attributable to noncontrolling interest(20)(6)(6)(5)(3)(3)
Net income available to common stockholders, diluted:491486446402293315

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:512492452407296318
Other comprehensive income (loss)(73)(5)944(83)68
Comprehensive income:439487461451213387
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(6)(6)(5)(3)(3)
Comprehensive income, net of tax, attributable to parent:418481454446211383

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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