QUANTA SERVICES INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
PWR$540.90+6.3%Stored close · as of Nov 6, 2026
Contents
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share information)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $531,056 | $1,290,248 |
| Accounts receivable, net | 4,094,914 | 4,410,829 |
| Contract assets | 1,274,686 | 1,413,057 |
| Inventories | 224,341 | 175,658 |
| Prepaid expenses and other current assets | 458,472 | 387,105 |
| Total current assets | 6,583,469 | 7,676,897 |
| Property and equipment, net | 2,427,131 | 2,336,943 |
| Operating lease right-of-use assets | 269,925 | 249,443 |
| Other assets, net | 569,708 | 565,625 |
| Other intangible assets, net | 1,408,315 | 1,362,412 |
| Goodwill | 4,283,804 | 4,045,905 |
| Total assets | $15,542,352 | $16,237,225 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt | $546,543 | $535,202 |
| Current portion of operating lease liabilities | 83,968 | 77,995 |
| Accounts payable and accrued expenses | 2,757,546 | 3,061,242 |
| Contract liabilities | 1,443,125 | 1,538,677 |
| Total current liabilities | 4,831,182 | 5,213,116 |
| Long-term debt, net of current maturities | 3,174,181 | 3,663,504 |
| Operating lease liabilities, net of current portion | 201,771 | 186,996 |
| Deferred income taxes | 298,137 | 254,004 |
| Insurance and other non-current liabilities | 669,812 | 636,250 |
| Total liabilities | 9,175,083 | 9,953,870 |
| Commitments and Contingencies | ||
| Equity: | ||
| Common stock, $0.00001 par value, 600,000,000 shares authorized, 175,144,784 and 173,949,011 shares issued, and 146,384,210 and 145,508,549 shares outstanding | 2 | 2 |
| Additional paid-in capital | 3,090,242 | 3,002,652 |
| Retained earnings | 4,962,949 | 4,858,066 |
| Accumulated other comprehensive loss | (313,685) | (282,945) |
| Treasury stock, 28,760,574 and 28,440,462 common shares | (1,382,885) | (1,305,534) |
| Total stockholders’ equity | 6,356,623 | 6,272,241 |
| Non-controlling interests | 10,646 | 11,114 |
| Total equity | 6,367,269 | 6,283,355 |
| Total liabilities and equity | $15,542,352 | $16,237,225 |
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