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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16579138112129191489
Cash and cash equivalents16579138112129191489
Receivables2,7482,3551,9851,5001,6221,8131,439
Inventory, net of allowances, customer advances and progress billings561088189753932
Inventory561088189753932
Contract with customer, asset601577
Costs in excess of billings497473318290213
Deferred tax assets    2745
Other current assets     222140
Other undisclosed current assets261208168115134(28)(45)
Total current assets:3,8313,3262,8702,2892,2782,5542,313
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset284
Nontrade receivables     8
Property, plant and equipment 1,2761,2891,1741,1021,4801,206
Long-term investments and receivables13      
Accounts and financing receivable, after allowance for credit loss13      
Intangible assets, net (including goodwill)2,4362,1802,1321,7901,7582,1921,989
Goodwill2,0231,9001,8691,6031,5531,9311,781
Intangible assets, net (excluding goodwill)414280263187205261208
Deferred costs     2 
Deferred income tax assets13
Other noncurrent assets3932941901017686286
Deferred tax assets, net     (244)
Other undisclosed noncurrent assets1,360    (10)244
Total noncurrent assets:4,5013,7503,6103,0652,9363,7583,480
TOTAL ASSETS:8,3327,0766,4805,3545,2146,3125,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4901,3151,057923782877802
Accounts payable799787633530452488 
Accrued liabilities177196164143159150 
Employee-related liabilities316279225194159166 
Taxes payable8713204142174
Other undisclosed accounts payable and accrued liabilities111401616852728
Deferred revenue606
Debt756618794
Provision for loss on contracts      3
Disposal group, including discontinued operation    15  
Deferred revenue and credits   2123
Billings in excess of cost433275   
Deferred tax liabilities    3139
Contract with customer, liability426
Other undisclosed current liabilities92   399199172
Total current liabilities:2,2631,8061,4921,2051,2041,1371,044
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2921,04167135447572 
Long-term debt, excluding current maturities 1,04167135447572 
Finance lease, liability1
Operating lease, liability197
Other undisclosed long-term debt and lease obligation1,095      
Liabilities, other than long-term debt573438372279272624636
Deferred revenue and credits   4840
Deferred compensation liability, classified47333019122 
Deferred tax liabilities, net    297331
Deferred income tax liabilities215
Other liabilities311405342260260276264
Other undisclosed noncurrent liabilities149186149174175(47)(127)
Total noncurrent liabilities:2,0151,6641,192806922649508
Total liabilities:4,2783,4702,6852,0112,1261,7861,552
Stockholders' equity
Stockholders' equity attributable to parent, including:4,0503,6043,7923,3393,0854,5144,234
Common stock  00000
Treasury stock, value(587)(554)(85)(14)(1,795)(322)(215)
Additional paid in capital2,0251,9671,8891,7493,4983,5933,417
Accumulated other comprehensive loss(242)(286)(203)(272)(295)(123)(37)
Retained earnings2,8542,4772,1911,8761,6781,3671,070
Other undisclosed stockholders' equity attributable to parent00     
Stockholders' equity attributable to noncontrolling interest41432117
Total stockholders' equity:4,0543,6053,7963,3433,0884,5264,241
TOTAL LIABILITIES AND EQUITY:8,3327,0766,4805,3545,2146,3125,793

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues12,11211,1719,4667,6517,5727,8516,523
Revenue, net9,4667,6517,5727,8516,523
Cost of revenue
(Cost of Goods and Services Sold)
(10,512)(9,691)(8,225)(6,638)(6,649)(6,618)(5,467)
Gross profit:1,6001,4801,2421,0149241,2341,055
Operating expenses(1,032)(951)(868)(693)(686)(759)(530)
Other undisclosed operating income (loss)(13)115  12
Operating income:555540379321238476527
Nonoperating income (expense)84(46)(4)3(0)12
Investment income, nonoperating1212143
Foreign currency transaction loss, before tax     (1) 
Other nonoperating income (expense)83(47)(5)0(2)(1)(1)
Interest and debt expense(67)(37)(21)(15)(8)(5)(3)
Income from continuing operations before equity method investments, income taxes:572458354309229472526
Income (loss) from equity method investments   (1)(0)(0)113
Other undisclosed income from continuing operations before income taxes     10
Income from continuing operations before income taxes:572458354308229473639
Income tax expense(165)(162)(36)(107)(97)(157)(218)
Income from continuing operations:407296318200131316421
Income (loss) from discontinued operations   (0)191(1) 
Net income:407296318200322315421
Net loss attributable to noncontrolling interest(5)(3)(3)(2)(11)(18)(19)
Net income available to common stockholders, diluted:402293315198311297402

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:407296318200322315421
Other comprehensive income (loss)44(83)6823(171)(86)(52)
Comprehensive income:451213387223150229370
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(3)(3)(2)(11)(18)19
Other undisclosed comprehensive loss, net of tax, attributable to parent      (39)
Comprehensive income, net of tax, attributable to parent:446211383221140211350

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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