QUANTA SERVICES INC

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

PWR$591.48+9.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share information)

	Year Ended December 31,
	2023	2022	2021
Revenues	$20,882,206	$17,073,903	$12,980,213
Cost of services	17,945,120	14,544,748	11,026,954
Gross profit	2,937,086	2,529,155	1,953,259
Equity in earnings of integral unconsolidated affiliates	41,609	52,466	44,061
Selling, general and administrative expenses	(1,555,137)	(1,336,711)	(1,155,956)
Amortization of intangible assets	(289,014)	(353,973)	(165,366)
Asset impairment charges	—	(14,457)	(5,743)
Change in fair value of contingent consideration liabilities	(6,568)	(4,422)	(6,734)
Operating income	1,127,976	872,058	663,521
Interest and other financing expenses	(186,913)	(124,363)	(68,899)
Interest income	10,830	2,606	3,194
Other income (expense), net	18,063	(46,415)	25,085
Income before income taxes	969,956	703,886	622,901
Provision for income taxes	219,267	192,243	130,918
Net income	750,689	511,643	491,983
Less: Net income attributable to non-controlling interests	6,000	20,454	6,027
Net income attributable to common stock	$744,689	$491,189	$485,956
Earnings per share attributable to common stock:
Basic	$5.13	$3.42	$3.45
Diluted	$5.00	$3.32	$3.34
Shares used in computing earnings per share:
Weighted average basic shares outstanding	145,222	143,488	140,824
Weighted average diluted shares outstanding	148,823	147,992	145,373

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.