Quanta Services, Inc. (PWR) financial statements (2021 and earlier)

Company profile

Business Address 2800 POST OAK BLVD
HOUSTON, TX 77056-6175
State of Incorp. DE
Fiscal Year End December 31
SIC 1731 - Electrical Work (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18516579138112129191
Cash and cash equivalents18516579138112129191
Receivables2,7162,7482,3551,9851,5001,6221,813
Inventory, net of allowances, customer advances and progress billings505610881897539
Inventory505610881897539
Contract with customer, asset454601577
Costs in excess of billings497473318290
Deferred tax assets    27
Other current assets      222
Other undisclosed current assets183261208168115134(28)
Total current assets:3,5883,8313,3262,8702,2892,2782,554
Noncurrent Assets
Finance lease, right-of-use asset21
Operating lease, right-of-use asset257284
Nontrade receivables      8
Property, plant and equipment(1,372) 1,2761,2891,1741,1021,480
Long-term investments and receivables 13     
Accounts and financing receivable, after allowance for credit loss 13     
Intangible assets, net (including goodwill)2,5572,4362,1802,1321,7901,7582,192
Goodwill2,1212,0231,9001,8691,6031,5531,931
Intangible assets, net (excluding goodwill)436414280263187205261
Deferred costs      2
Deferred income tax assets 13
Other noncurrent assets4363932941901017686
Other undisclosed noncurrent assets2,9301,360    (10)
Total noncurrent assets:4,8104,5013,7503,6103,0652,9363,758
TOTAL ASSETS:8,3988,3327,0766,4805,3545,2146,312
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,5101,4901,3151,057923782877
Accounts payable798799787633530452488
Accrued liabilities214177196164143159150
Employee-related liabilities378316279225194159166
Taxes payable6387132041421
Other undisclosed accounts payable and accrued liabilities57111401616852
Deferred revenue529606
Debt1575661879
Disposal group, including discontinued operation     15 
Deferred revenue and credits   21
Billings in excess of cost433275  
Deferred tax liabilities    31
Contract with customer, liability426
Other undisclosed current liabilities8592   399199
Total current liabilities:2,1392,2631,8061,4921,2051,2041,137
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1741,2921,04167135447572
Long-term debt, excluding current maturities  1,04167135447572
Finance lease, liability11
Operating lease, liability179197
Other undisclosed long-term debt and lease obligation9941,095     
Liabilities, other than long-term debt616573438372279272624
Deferred revenue and credits   48
Deferred compensation liability, classified5847333019122
Deferred tax liabilities, net    297
Deferred income tax liabilities166215
Other liabilities391311405342260260276
Other undisclosed noncurrent liabilities121149186149174175(47)
Total noncurrent liabilities:1,9112,0151,6641,192806922649
Total liabilities:4,0494,2783,4702,6852,0112,1261,786
Stockholders' equity
Stockholders' equity attributable to parent, including:4,3444,0503,6043,7923,3393,0854,514
Common stock   0000
Treasury stock, value(858)(587)(554)(85)(14)(1,795)(322)
Additional paid in capital2,1702,0251,9671,8891,7493,4983,593
Accumulated other comprehensive loss(233)(242)(286)(203)(272)(295)(123)
Retained earnings3,2652,8542,4772,1911,8761,6781,367
Other undisclosed stockholders' equity attributable to parent000    
Stockholders' equity attributable to noncontrolling interest54143211
Total stockholders' equity:4,3494,0543,6053,7963,3433,0884,526
TOTAL LIABILITIES AND EQUITY:8,3988,3327,0766,4805,3545,2146,312

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,20312,11211,1719,4667,6517,5727,851
Revenue, net9,4667,6517,5727,851
Cost of revenue
(Cost of Goods and Services Sold)
(9,542)(10,512)(9,691)(8,225)(6,638)(6,649)(6,618)
Gross profit:1,6611,6001,4801,2421,0149241,234
Operating expenses(1,060)(1,032)(951)(868)(693)(686)(759)
Other undisclosed operating income (loss)11(13)115  1
Operating income:611555540379321238476
Nonoperating income (expense)584(46)(4)3(0)1
Investment income, nonoperating2121214
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)383(47)(5)0(2)(1)
Interest and debt expense(45)(67)(37)(21)(15)(8)(5)
Income from continuing operations before equity method investments, income taxes:571572458354309229472
Loss from equity method investments    (1)(0)(0)
Other undisclosed income from continuing operations before income taxes      1
Income from continuing operations before income taxes:571572458354308229473
Income tax expense(119)(165)(162)(36)(107)(97)(157)
Income from continuing operations:452407296318200131316
Income (loss) from discontinued operations    (0)191(1)
Net income:452407296318200322315
Net loss attributable to noncontrolling interest(6)(5)(3)(3)(2)(11)(18)
Net income available to common stockholders, diluted:446402293315198311297

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:452407296318200322315
Other comprehensive income (loss)944(83)6823(171)(86)
Comprehensive income:461451213387223150229
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(5)(3)(3)(2)(11)(18)
Comprehensive income, net of tax, attributable to parent:454446211383221140211

Statements sources

The financial statements are based on the company's filings with the 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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