Quanta Services, Inc. (PWR) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22918516579138112129
Cash and cash equivalents22918516579138112129
Receivables3,4002,7162,7482,3551,9851,5001,622
Inventory, net of allowances, customer advances and progress billings855056108818975
Inventory855056108818975
Contract with customer, asset803454601577
Costs in excess of billings497473318
Other undisclosed current assets215183261208168115134
Total current assets:4,7333,5883,8313,3262,8702,2892,278
Noncurrent Assets
Finance lease, right-of-use asset221
Operating lease, right-of-use asset241257284
Property, plant and equipment (1,372) 1,2761,2891,1741,102
Long-term investments and receivables101 13    
Long-term investments101      
Accounts and financing receivable, after allowance for credit loss  13    
Intangible assets, net (including goodwill)5,3302,5572,4362,1802,1321,7901,758
Goodwill3,5292,1212,0231,9001,8691,6031,553
Intangible assets, net (excluding goodwill)1,801436414280263187205
Deferred income tax assets17 13
Other noncurrent assets63243639329419010176
Other undisclosed noncurrent assets1,7992,9301,360    
Total noncurrent assets:8,1234,8104,5013,7503,6103,0652,936
TOTAL ASSETS:12,8558,3988,3327,0766,4805,3545,214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2551,5101,4901,3151,057923782
Accounts payable1,251798799787633530452
Accrued liabilities456214177196164143159
Employee-related liabilities547378316279225194159
Taxes payable 63871320414
Other undisclosed accounts payable and accrued liabilities 571114016168
Deferred revenue803529606
Debt29157566187
Disposal group, including discontinued operation      15
Billings in excess of cost433275 
Contract with customer, liability426
Other undisclosed current liabilities788592   399
Total current liabilities:3,1652,1392,2631,8061,4921,2051,204
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7241,1741,2921,041671354475
Long-term debt, excluding current maturities   1,041671354475
Finance lease, liability111
Operating lease, liability170179197
Other undisclosed long-term debt and lease obligation3,5539941,095    
Liabilities, other than long-term debt753616573438372279272
Deferred compensation liability, classified74584733301912
Deferred income tax liabilities191166215
Other liabilities487391311405342260260
Other undisclosed noncurrent liabilities96121149186149174175
Total noncurrent liabilities:4,5731,9112,0151,6641,192806922
Total liabilities:7,7384,0494,2783,4702,6852,0112,126
Stockholders' equity
Stockholders' equity attributable to parent, including:5,1124,3444,0503,6043,7923,3393,085
Common stock0   000
Treasury stock, value(980)(858)(587)(554)(85)(14)(1,795)
Additional paid in capital2,6152,1702,0251,9671,8891,7493,498
Accumulated other comprehensive loss(238)(233)(242)(286)(203)(272)(295)
Retained earnings3,7153,2652,8542,4772,1911,8761,678
Other undisclosed stockholders' equity attributable to parent 000   
Stockholders' equity attributable to noncontrolling interest5541432
Total stockholders' equity:5,1174,3494,0543,6053,7963,3433,088
TOTAL LIABILITIES AND EQUITY:12,8558,3988,3327,0766,4805,3545,214

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,98011,20312,11211,1719,4667,6517,572
Revenue, net9,4667,6517,572
Cost of revenue
(Cost of Goods and Services Sold)
(11,027)(9,542)(10,512)(9,691)(8,225)(6,638)(6,649)
Gross profit:1,9531,6611,6001,4801,2421,014924
Operating expenses(1,327)(1,060)(1,032)(951)(868)(693)(686)
Other undisclosed operating income (loss)3711(13)115  
Operating income:664611555540379321238
Nonoperating income (expense)28584(46)(4)3(0)
Investment income, nonoperating3212121
Other nonoperating income (expense)25383(47)(5)0(2)
Interest and debt expense(69)(45)(67)(37)(21)(15)(8)
Income from continuing operations before equity method investments, income taxes:623571572458354309229
Loss from equity method investments     (1)(0)
Income from continuing operations before income taxes:623571572458354308229
Income tax expense(131)(119)(165)(162)(36)(107)(97)
Income from continuing operations:492452407296318200131
Income (loss) from discontinued operations     (0)191
Net income:492452407296318200322
Net loss attributable to noncontrolling interest(6)(6)(5)(3)(3)(2)(11)
Net income available to common stockholders, diluted:486446402293315198311

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:492452407296318200322
Other comprehensive income (loss)(5)944(83)6823(171)
Comprehensive income:487461451213387223150
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(6)(5)(3)(3)(2)(11)
Comprehensive income, net of tax, attributable to parent:481454446211383221140

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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