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10-Q Filing

QUANTA SERVICES, INC. CIK: 1050915 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001193125-15-179586
Period End Date 20150331
Filing Date 20150508
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance pwr-20150331.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Allowances on accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $6.61M USD Point-in-time
Allowances on accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $6.17M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $273.34M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $488.78M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $190.51M USD Point-in-time
Accumulated depreciation on property and equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $739.54M USD Point-in-time
Accumulated depreciation on property and equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $770.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.53M USD Point-in-time
Accumulated amortization on other intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $261.10M USD Point-in-time
Accounts receivable, net of allowances of $6,611 and $6,174 AccountsReceivableNetCurrent $1.64B USD Point-in-time
Accounts receivable, net of allowances of $6,611 and $6,174 AccountsReceivableNetCurrent $1.81B USD Point-in-time
Accumulated amortization on other intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $255.86M USD Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $341.19M USD Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $290.45M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Inventories InventoryNet $38.92M USD Point-in-time
Inventories InventoryNet $45.82M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 600.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 600.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 226.89M shares Point-in-time
Prepaid expenses and other current assets OtherAssetsCurrent $221.55M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 226.19M shares Point-in-time
Prepaid expenses and other current assets OtherAssetsCurrent $222.42M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 210.82M shares Point-in-time
Total current assets AssetsCurrent $2.39B USD Point-in-time
Total current assets AssetsCurrent $2.55B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 204.50M shares Point-in-time
Property and equipment, net of accumulated depreciation of $770,798 and $739,545 PropertyPlantAndEquipmentNet $1.48B USD Point-in-time
Property and equipment, net of accumulated depreciation of $770,798 and $739,545 PropertyPlantAndEquipmentNet $1.48B USD Point-in-time
Other assets, net OtherAssetsNoncurrent $85.84M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $98.56M USD Point-in-time
Other intangible assets, net of accumulated amortization of $261,100 and $255,858 IntangibleAssetsNetExcludingGoodwill $252.06M USD Point-in-time
Other intangible assets, net of accumulated amortization of $261,100 and $255,858 IntangibleAssetsNetExcludingGoodwill $260.59M USD Point-in-time
Goodwill Goodwill $1.93B USD Point-in-time
Goodwill Goodwill $1.92B USD Point-in-time
Total assets Assets $6.31B USD Point-in-time
Treasury stock, common shares TreasuryStockShares 15.37M shares Point-in-time
Treasury stock, common shares TreasuryStockShares 22.39M shares Point-in-time
Total assets Assets $6.14B USD Point-in-time
Current maturities of long-term debt and short-term borrowings DebtCurrent $9.44M USD Point-in-time
Current maturities of long-term debt and short-term borrowings DebtCurrent $8.88M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $874.63M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $877.34M USD Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts BillingsInExcessOfCost $240.24M USD Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts BillingsInExcessOfCost $251.11M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.12B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.14B USD Point-in-time
Long-term debt and notes payable, net of current maturities LongTermDebtNoncurrent $115.00M USD Point-in-time
Long-term debt and notes payable, net of current maturities LongTermDebtNoncurrent $72.49M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $299.81M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $300.52M USD Point-in-time
Insurance and other non-current liabilities OtherLiabilitiesNoncurrent $276.15M USD Point-in-time
Insurance and other non-current liabilities OtherLiabilitiesNoncurrent $290.96M USD Point-in-time
Total liabilities Liabilities $1.83B USD Point-in-time
Total liabilities Liabilities $1.79B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, value CommonStockValue $2.00K USD Point-in-time
Common stock, value CommonStockValue $2.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.61B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.59B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.37B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.42B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-123.29M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-212.24M USD Point-in-time
Treasury stock, 22,389,780 and 15,374,866 common shares, at cost TreasuryStockValue $520.12M USD Point-in-time
Treasury stock, 22,389,780 and 15,374,866 common shares, at cost TreasuryStockValue $321.94M USD Point-in-time
Total stockholders' equity StockholdersEquity $4.30B USD Point-in-time
Total stockholders' equity StockholdersEquity $4.51B USD Point-in-time
Non-controlling interests MinorityInterest $13.27M USD Point-in-time
Non-controlling interests MinorityInterest $11.07M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.31B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.53B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $6.31B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $6.14B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues SalesRevenueServicesNet $1.89B USD 1 Quarter
Revenues SalesRevenueServicesNet $1.76B USD 1 Quarter
Cost of services (including depreciation) CostOfServices $1.63B USD 1 Quarter
Cost of services (including depreciation) CostOfServices $1.49B USD 1 Quarter
Gross profit GrossProfit $272.07M USD 1 Quarter
Gross profit GrossProfit $252.66M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $173.33M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $150.24M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.71M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.24M USD 1 Quarter
Operating income OperatingIncomeLoss $90.50M USD 1 Quarter
Operating income OperatingIncomeLoss $93.72M USD 1 Quarter
Interest expense InterestExpense $982.00K USD 1 Quarter
Interest expense InterestExpense $1.40M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.54M USD 1 Quarter
Interest income InvestmentIncomeInterest $455.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $643.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-212.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $92.56M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $91.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $34.38M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $33.05M USD 1 Quarter
Net income ProfitLoss $58.65M USD 1 Quarter
Net income ProfitLoss $58.19M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $4.70M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $4.24M USD 1 Quarter
Net income attributable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $54.41M USD 1 Quarter
Net income attributable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $53.48M USD 1 Quarter
Earnings per share attributable to common stock - basic and diluted EarningsPerShareBasicAndDiluted $0.25 USD 1 Quarter
Earnings per share attributable to common stock - basic and diluted EarningsPerShareBasicAndDiluted $0.25 USD 1 Quarter
Weighted average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 219.03M shares 1 Quarter
Weighted average basic shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 215.47M shares 1 Quarter
Weighted average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 219.07M shares 1 Quarter
Weighted average diluted shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 215.49M shares 1 Quarter
Cash Flow Statement 85 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $58.65M USD 1 Quarter
Net income ProfitLoss $58.19M USD 1 Quarter
Depreciation Depreciation $36.87M USD 1 Quarter
Depreciation Depreciation $44.07M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.71M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.24M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $273.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $275.00K USD 1 Quarter
Amortization of deferred revenues RecognitionOfDeferredRevenue $2.75M USD 1 Quarter
Amortization of deferred revenues RecognitionOfDeferredRevenue $2.54M USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $102.00K USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $305.00K USD 1 Quarter
Foreign currency (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-190.00K USD 1 Quarter
Foreign currency (gain) loss ForeignCurrencyTransactionGainLossUnrealized $266.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $48.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $578.00K USD 1 Quarter
Non-cash portion of arbitration expense NonCashArbitrationExpense $10.52M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $8.09M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $3.50M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $10.30M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $9.96M USD 1 Quarter
Tax impact of stock-based equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $123.00K USD 1 Quarter
Tax impact of stock-based equity awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.00K USD 1 Quarter
Accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $-122.43M USD 1 Quarter
Accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $61.48M USD 1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts IncreaseDecreaseInUnbilledReceivables $46.95M USD 1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts IncreaseDecreaseInUnbilledReceivables $63.49M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.92M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.12M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $368.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.24M USD 1 Quarter
Accounts payable and accrued expenses and other non-current liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $27.85M USD 1 Quarter
Accounts payable and accrued expenses and other non-current liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-51.00M USD 1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-31.63M USD 1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-7.02M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingLiabilities $-7.01M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingLiabilities $3.27M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $189.23M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-60.53M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.28M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.49M USD 1 Quarter
Additions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $71.42M USD 1 Quarter
Additions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $66.17M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $34.73M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $76.37M USD 1 Quarter
Investments in equity from unconsolidated affiliates PaymentsForProceedsFromOtherInvestingActivities $809.00K USD 1 Quarter
Cash received from other investments PaymentsForProceedsFromInvestments $-259.00K USD 1 Quarter
Cash received from other investments PaymentsForProceedsFromInvestments $-214.00K USD 1 Quarter
Cash withdrawn from restricted cash DecreaseInRestrictedCash $322.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-99.89M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-145.03M USD 1 Quarter
Borrowings under credit facility ProceedsFromLongTermLinesOfCredit $2.37M USD 1 Quarter
Borrowings under credit facility ProceedsFromLongTermLinesOfCredit $147.46M USD 1 Quarter
Payments under credit facility RepaymentsOfLongTermLinesOfCredit $2.37M USD 1 Quarter
Payments under credit facility RepaymentsOfLongTermLinesOfCredit $103.94M USD 1 Quarter
Payments on other long-term debt RepaymentsOfOtherLongTermDebt $400.00K USD 1 Quarter
Payments on other long-term debt RepaymentsOfOtherLongTermDebt $10.29M USD 1 Quarter
Payments on short-term debt RepaymentsOfShortTermDebt $922.00K USD 1 Quarter
Distributions to non-controlling interests PaymentsOfDividendsMinorityInterest $2.50M USD 1 Quarter
Distributions to non-controlling interests PaymentsOfDividendsMinorityInterest $500.00K USD 1 Quarter
Tax impact of stock-based equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $123.00K USD 1 Quarter
Tax impact of stock-based equity awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $76.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $424.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $182.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-10.25M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-142.24M USD 1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $376.00K USD 1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-2.08M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-54.98M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-215.44M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $273.34M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $488.78M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $190.51M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $135.53M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $273.34M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $488.78M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $190.51M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $135.53M USD Point-in-time
Interest paid InterestPaid $1.19M USD 1 Quarter
Interest paid InterestPaid $1.27M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $12.61M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $87.71M USD 1 Quarter
Income tax refunds ProceedsFromIncomeTaxRefunds $238.00K USD 1 Quarter
Income tax refunds ProceedsFromIncomeTaxRefunds $445.00K USD 1 Quarter
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Foreign currency translation adjustment, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Net income ProfitLoss $58.65M USD 1 Quarter
Net income ProfitLoss $58.19M USD 1 Quarter
Foreign currency translation adjustment, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Other comprehensive income other tax OtherComprehensiveIncomeOtherTax $-6.00K USD 1 Quarter
Other comprehensive income other tax OtherComprehensiveIncomeOtherTax $-1.00K USD 1 Quarter
Foreign currency translation adjustment, net of tax of $0 and $0 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-17.96M USD 1 Quarter
Foreign currency translation adjustment, net of tax of $0 and $0 OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-88.95M USD 1 Quarter
Other, net of tax of $1 and $6 OtherComprehensiveIncomeOtherNetOfTax $-5.00K USD 1 Quarter
Other, net of tax of $1 and $6 OtherComprehensiveIncomeOtherNetOfTax $-18.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-17.98M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-88.95M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $40.66M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-30.77M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.70M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.24M USD 1 Quarter
Total comprehensive income (loss) attributable to Quanta stockholders ComprehensiveIncomeNetOfTax $36.42M USD 1 Quarter
Total comprehensive income (loss) attributable to Quanta stockholders ComprehensiveIncomeNetOfTax $-35.47M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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