QUANTA SERVICES INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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18. Supplemental Cash Flow Information
- SUPPLEMENTAL CASH FLOW INFORMATION:
Reconciliations of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of such amounts shown in the statements of cash flows are as follows (in thousands):
| December 31, | ||||
|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | |
| Cash and cash equivalents | $1,290,248 | $428,505 | $229,097 | $184,620 |
| Restricted cash included in “Prepaid expenses and other current assets” (1) | 3,652 | 3,759 | 1,836 | 1,275 |
| Restricted cash included in “Other assets, net” (1) | 1,141 | 950 | 954 | 913 |
| Total cash, cash equivalents, and restricted cash reported in the statements of cash flows | $1,295,041 | $433,214 | $231,887 | $186,808 |
(1) Restricted cash includes any cash that is legally restricted as to withdrawal or usage.
Supplemental cash flow information related to leases is as follows (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Operating cash flows used by operating leases | $(95,900) | $(95,175) | $(104,434) |
| Operating cash flows used by finance leases | $(1,463) | $(108) | $(90) |
| Financing cash flows used by finance leases | $(2,511) | $(1,457) | $(1,001) |
| Lease assets obtained in exchange for lease liabilities: | |||
| Operating leases | $100,594 | $77,826 | $73,713 |
| Finance leases | $37,299 | $2,331 | $1,044 |
| Lease financing transaction assets obtained in exchange for lease financing transaction liabilities | $26,969 | $35,144 | $11,713 |
Additional supplemental cash flow information is as follows (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash (paid) received during the period for: | |||
| Interest paid | $(175,782) | $(106,052) | $(52,737) |
| Income taxes paid | $(248,527) | $(111,569) | $(125,328) |
| Income tax refunds | $6,483 | $8,281 | $13,257 |
Accrued capital expenditures were $15.7 million, $13.4 million and $27.4 million as of December 31, 2023, 2022 and 2021. The impact of these items has been excluded from Quanta’s capital expenditures in the accompanying consolidated statements of cash flows due to their non-cash nature.
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