← QUANTA SERVICES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $200.1m |
$318.2m
+59.03%
|
$296.0m
-6.98%
|
$402.0m
+35.82%
|
$445.6m
+10.83%
|
$486.0m
+9.06%
|
$491.2m
+1.08%
|
$744.7m
+51.61%
|
$904.8m
+21.50%
|
$1.0b
+13.66%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $198.4m |
$315.0m
+58.77%
|
$293.3m
-6.87%
|
$402.0m
+37.05%
|
$445.6m
+10.83%
|
$486.0m
+9.06%
|
$491.2m
+1.08%
|
$744.7m
+51.61%
|
$904.8m
+21.50%
|
$1.0b
+13.66%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.7m | $3.2m | $2.7m | $4.8m | $6.4m | $6.0m | $20.5m | $6.0m | $22.5m | $13.5m | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $200.1m | $318.2m | $296.0m | $406.8m | $452.0m | $492.0m | $511.6m | $750.7m | $927.3m | $1.0b | — | |
| Amortization of Debt Issuance Costs | $1.4m | $1.3m | $1.3m | $1.9m | $5.1m | $8.4m | $12.7m | — | — | — | — | |
| Amortization of Intangible Assets | $31.7m | $32.2m | $44.0m | $62.1m | $76.7m | $165.4m | $354.0m | $289.0m | $383.0m | $498.8m | — | |
| Depreciation | $170.2m | $183.8m | $202.5m | $218.1m | $225.3m | $255.5m | $290.6m | $324.8m | $359.4m | $411.5m | $445.1m | |
| Deferred Income Tax Expense (Benefit) | ($15.7m) | ($32.1m) | $62.0m | ($7.9m) | ($60.0m) | $26.1m | $42.1m | $3.8m | ($8.3m) | $37.6m | ($8.7m) | |
| Non-cash stock-based compensation | $42.8m | $46.4m | $52.5m | $52.0m | $91.6m | $88.3m | $105.6m | $126.8m | $150.5m | $181.9m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $18.5m | $15.2m | $16.1m | $25.4m | $65.0m | $82.6m | $119.8m | $155.6m | $112.3m | — | |
| Payments related to tax withholding for stock-based compensation | ($8.3m) | ($18.5m) | ($15.2m) | ($16.1m) | ($25.4m) | ($65.0m) | ($82.6m) | ($119.8m) | ($155.6m) | ($112.3m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $42.8m | $46.4m | $52.5m | $52.0m | $91.6m | $88.3m | $105.6m | $126.8m | $150.5m | $181.9m | $225.7m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $9.3m | $0 | $0 | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $57.0m | — | — | — | $0 | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $1.1m | — | — | — | — | — | — | — | — | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | ($91.5m) | — | — | — | |
| Income (Loss) from Equity Method Investments | ($979k) | ($10.9m) | ($52.9m) | $76.8m | $1.3m | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $316k | ($5.0m) | ($47.2m) | $83.4m | $2.5m | $25.1m | ($46.4m) | $18.1m | $35.8m | $23.7m | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | $28.7m | $19.2m | ($24.2m) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | $9.9m | ($14.1m) | $28.1m | ($52.2m) | ($9.9m) | ($1.4m) | $19.3m | — | $39.5m | $121.7m | ($195.9m) | |
| Inventories | — | — | — | — | — | — | ($19.3m) | $2.8m | ($39.5m) | ($121.7m) | ($195.9m) | |
| Accounts payable and accrued expenses, insurance and other non-current liabilities | — | — | — | — | — | $95.8m | $144.2m | $771.9m | $52.4m | $655.0m | — | |
| Other assets and liabilities, net | — | — | — | — | — | ($13.8m) | ($33.8m) | $6.7m | ($8.3m) | ($29.7m) | — | |
| Prepaid expenses and other current assets | — | — | — | — | — | ($6.5m) | ($15.6m) | ($90.3m) | $40.4m | ($240.5m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($1.0m) |
$0
+100.00%
|
$358.8m |
$526.6m
+46.76%
|
$1.1b
+111.94%
|
$582.4m
-47.81%
|
$1.1b
+94.08%
|
$1.6b
+39.43%
|
$2.1b
+32.06%
|
$2.2b
+7.15%
|
$3.2b
+42.52%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $734k | $549k | ($3.3m) | $5.8m | $3.1m | $9.1m | $14.8m | $69.3m | $77.6m | $51.9m | ($10.2m) | |
| Payments to Acquire Property, Plant, and Equipment | $212.6m | $244.7m | $293.6m | $261.8m | $260.1m | $385.9m | $427.6m | $434.8m | $604.1m | $609.2m | ($787.1m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | $32.6m | $3.5m | — | — | — | |
| Investments in unconsolidated affiliates and other | ($13.2m) | ($56.5m) | ($36.9m) | ($47.1m) | ($14.9m) | ($139.0m) | ($78.1m) | ($7.5m) | ($81.9m) | ($148.9m) | — | |
| Payments to Acquire Investments | — | — | $36.9m | $47.1m | $14.9m | $139.0m | $78.1m | $7.5m | $81.9m | $148.9m | — | |
| Proceeds from the sale or settlement of certain investments | $7.6m | $65.8m | $4.7m | $46.6m | $14.0m | $29.1m | $20.6m | $42.3m | $29.2m | $17.0m | — | |
| Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired | ($68.8m) | ($361.2m) | ($94.9m) | ($388.0m) | ($292.6m) | ($2.5b) | ($195.1m) | ($651.6m) | ($1.7b) | ($3.1b) | — | |
| Cash paid for asset acquisitions | — | — | — | — | — | — | — | $0 | $0 | ($103.4m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $68.8m | $361.2m | $94.9m | $388.0m | $292.6m | $2.5b | $195.1m | $651.6m | $1.7b | $3.1b | ($3.5b) | |
| Payments for (Proceeds from) Other Investing Activities | ($4.8m) | ($275k) | — | — | — | — | — | $7.3m | ($30.5m) | ($13.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($6.1m) | $0 | $0 | ($617.6m) | ($499.3m) | ($2.9b) | ($617.2m) | ($989.6m) | ($2.3b) | ($3.8b) | ($4.2b) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowings under credit facility and commercial paper program | $2.7b | $2.9b | $4.5b | $6.2b | $3.0b | $5.3b | $9.3b | $18.2b | $19.9b | $53.0b | — | |
| Payments under credit facility and commercial paper program | ($2.9b) | ($2.6b) | ($4.1b) | ($5.9b) | ($4.2b) | ($4.3b) | ($9.3b) | ($17.8b) | ($20.7b) | ($52.8b) | — | |
| Payments for Repurchase of Common Stock | $0 | $50.0m | $443.2m | $20.1m | $247.2m | $66.7m | $127.8m | $350k | $0 | $134.6m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $23.2m | $28.9m | $34.0m | $41.1m | $47.8m | $54.2m | $60.4m | ($63.8m) | |
| Repurchase of common stock | $0 | ($50.0m) | ($443.2m) | ($20.1m) | ($247.2m) | ($66.7m) | ($127.8m) | ($350k) | $0 | ($134.6m) | — | |
| Payments of dividends | — | $0 | $0 | ($23.2m) | ($28.9m) | ($34.0m) | ($41.1m) | ($47.8m) | ($54.2m) | ($60.4m) | ($63.8m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | $27.7m | ($3.8m) | ($59.5m) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | $227.8m |
($16.6m)
-107.28%
|
$177.7m
+1172.34%
|
($601.4m)
-438.44%
|
$2.4b
+492.59%
|
($311.1m)
-113.18%
|
$268.5m
+186.31%
|
($305.6m)
-213.83%
|
$1.3b
+517.16%
|
$1.0b
-19.74%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | ($14.4m) | $29.4m | ($60.5m) | $86.5m | $17.1m | $45.1m | $201.3m | $861.8m | ($549.0m) | ($303.2m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $220k | $1.8m | ($60.5m) | $86.5m | $17.1m | $45.1m | $201.3m | $861.8m | ($549.0m) | ($303.2m) | $505.0m | |
| Cash, cash equivalents and restricted cash, beginning of year | $114.4m | $143.8m | $83.3m | $169.7m | $186.8m | $231.9m | $433.2m | $1.3b | $746.0m | $442.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($68.8m) | ($361.2m) | $83.3m | $169.7m | $186.8m | $231.9m | $433.2m | $1.3b | $746.0m | $442.8m | $505.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $220k | $1.8m | ($68k) | ($153k) | $1.8m | $425k | ($723k) | — | — | — | $7.0m | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | $220k | $1.8m | ($68k) | ($153k) | $1.8m | $425k | ($723k) | $7.0m | ($30.3m) | $22.8m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Accounts, notes and retainage receivable | — | — | — | — | — | ($248.5m) | ($349.5m) | ($615.7m) | ($428.1m) | ($853.8m) | — | |
| Additional Financial Items | ||||||||||||
| Contract assets | — | — | — | — | — | ($331.9m) | ($311.2m) | ($303.1m) | $255.7m | ($217.6m) | — | |
| Contract liabilities | — | — | — | — | — | $47.2m | $336.1m | $293.1m | $373.6m | $824.5m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | ($91.5m) | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | $385k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($880k) | ($409k) | — | — | — | — | — | — | — | — | — | |
| Goodwill | $1.6b | $1.9b | $1.9b | $2.0b | $2.1b | $3.5b | $3.6b | $4.0b | $5.3b | $7.3b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $198.7m | $315.0m | $293.3m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $200.4m | $318.2m | $296.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($342k) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($342k) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $107.2m | $35.5m | $161.7m | $165.5m | $119.4m | $130.9m | $192.2m | $219.3m | $284.7m | $347.6m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $347.2m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $202.7m | $261.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $64.8m | $32.1m | $52.7m | $106.1m | $175.8m | $166.3m | $217.4m | — | |
| Investment Income, Interest | $2.4m | $832k | $1.6m | $927k | $2.4m | $3.2m | $2.6m | $10.8m | $32.4m | $15.7m | — | |
| Net proceeds from notes offering | — | — | — | — | — | — | $0 | $0 | $1.2b | $1.5b | — | |
| Other non-cash adjustments, net | — | — | — | — | — | $6.7m | $16.1m | ($8.3m) | $21.0m | $79.8m | — | |
| Other, net | $4.8m | $275k | — | — | — | ($11.4m) | ($36.3m) | $27.7m | ($3.8m) | ($59.5m) | — | |
| Payments of contingent consideration liabilities recorded at acquisition date | — | — | $0 | $0 | ($61.5m) | ($263k) | ($1.5m) | ($4.8m) | $0 | ($102.6m) | — | |
| Payments related to senior notes | — | — | — | — | — | — | $0 | $0 | ($500.0m) | $0 | — | |
| Proceeds from Stock Options Exercised | $401k | $25k | $0 | $0 | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.