10-Q Filing

QUANTA SERVICES, INC. CIK: 1050915 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-164407`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pwr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 66 Comprehensive Income 14

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowances on accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.01M	USD	Point-in-time
Allowances on accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.31M	USD	Point-in-time
Accumulated depreciation on property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$894.09M	USD	Point-in-time
Accumulated depreciation on property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$862.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.18M	USD	Point-in-time
Accounts receivable, net of allowances of $5,008 and $2,752	`AccountsReceivableNetCurrent`	$1.59B	USD	Point-in-time
Accumulated amortization on other intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$297.31M	USD	Point-in-time
Accounts receivable, net of allowances of $5,008 and $2,752	`AccountsReceivableNetCurrent`	$1.50B	USD	Point-in-time
Accumulated amortization on other intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$305.14M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$473.31M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$556.53M	USD	Point-in-time
Inventories	`InventoryNet`	$88.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Inventories	`InventoryNet`	$89.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$114.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	148.56M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$132.64M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	144.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	144.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	148.11M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.29B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.47B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $894,093 and $862,825	`PropertyPlantAndEquipmentNet`	$1.17B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $894,093 and $862,825	`PropertyPlantAndEquipmentNet`	$1.16B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$101.03M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$116.22M	USD	Point-in-time
Other intangible assets, net of accumulated amortization of $305,140 and $297,313	`IntangibleAssetsNetExcludingGoodwill`	$187.02M	USD	Point-in-time
Other intangible assets, net of accumulated amortization of $305,140 and $297,313	`IntangibleAssetsNetExcludingGoodwill`	$181.93M	USD	Point-in-time
Goodwill	`Goodwill`	$1.61B	USD	Point-in-time
Goodwill	`Goodwill`	$1.60B	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Total assets	`Assets`	$5.54B	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	451,390.00	shares	Point-in-time
Total assets	`Assets`	$5.35B	USD	Point-in-time
Current maturities of long-term debt and short-term debt	`DebtCurrent`	$7.56M	USD	Point-in-time
Current maturities of long-term debt and short-term debt	`DebtCurrent`	$3.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$922.82M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$995.91M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$264.83M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$274.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Long-term debt and notes payable, net of current maturities	`LongTermDebtNoncurrent`	$419.31M	USD	Point-in-time
Long-term debt and notes payable, net of current maturities	`LongTermDebtNoncurrent`	$353.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossNoncurrent`	$192.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossNoncurrent`	$197.71M	USD	Point-in-time
Insurance and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$262.48M	USD	Point-in-time
Insurance and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$259.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.01B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, value	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, value	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.75B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.76B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.88B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-271.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-257.85M	USD	Point-in-time
Treasury stock, 451,390 and 0 common shares	`TreasuryStockValue`	$34.53M	USD	Point-in-time
Treasury stock, 451,390 and 0 common shares	`TreasuryStockValue`	$14.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.40B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$2.47M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$3.27M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.40B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.54B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.35B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueServicesNet`	$2.18B	USD	1 Quarter
Revenues	`SalesRevenueServicesNet`	$1.71B	USD	1 Quarter
Cost of services (including depreciation)	`CostOfServices`	$1.51B	USD	1 Quarter
Cost of services (including depreciation)	`CostOfServices`	$1.91B	USD	1 Quarter
Gross profit	`GrossProfit`	$266.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$203.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$184.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$158.52M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.59M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$287.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$516.00K	USD	1 Quarter
Equity in losses of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-181.00K	USD	1 Quarter
Equity in losses of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-603.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$262.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$239.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.59M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.44M	USD	1 Quarter
Net income	`ProfitLoss`	$20.86M	USD	1 Quarter
Net income	`ProfitLoss`	$48.44M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$173.00K	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$363.00K	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$48.27M	USD	1 Quarter
Net income attributable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.50M	USD	1 Quarter
Earnings per share attributable to common stock - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.31	USD	1 Quarter
Earnings per share attributable to common stock - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	162.80M	shares	1 Quarter
Weighted average basic shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	155.17M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	162.81M	shares	1 Quarter
Weighted average diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	155.17M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$20.86M	USD	1 Quarter
Net income	`ProfitLoss`	$48.44M	USD	1 Quarter
Depreciation	`Depreciation`	$41.17M	USD	1 Quarter
Depreciation	`Depreciation`	$42.69M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.56M	USD	1 Quarter
Equity in losses of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-181.00K	USD	1 Quarter
Equity in losses of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-603.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$340.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$340.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$107.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.84M	USD	1 Quarter
Foreign currency loss	`ForeignCurrencyTransactionGainLossRealized`	$-221.00K	USD	1 Quarter
Foreign currency loss	`ForeignCurrencyTransactionGainLossRealized`	$-110.00K	USD	1 Quarter
Provision for (recovery of) doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$-983.00K	USD	1 Quarter
Provision for (recovery of) doubtful accounts	`ProvisionForRecoveryOfDoubtfulAccounts`	$865.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.72M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-36.00K	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$11.87M	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$13.72M	USD	1 Quarter
Changes in operating assets and liabilities, net of non-cash transactions	`IncreaseDecreaseInOperatingCapital`	$117.21M	USD	1 Quarter
Changes in operating assets and liabilities, net of non-cash transactions	`IncreaseDecreaseInOperatingCapital`	$-120.31M	USD	1 Quarter
Net cash provided by (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.81M	USD	1 Quarter
Net cash provided by (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$205.81M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.09M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.80M	USD	1 Quarter
Additions of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.02M	USD	1 Quarter
Additions of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.70M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.53M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$39.67M	USD	1 Quarter
Investments in and return of equity from unconsolidated affiliates	`PaymentsForProceedsFromInvestments`	$2.23M	USD	1 Quarter
Investments in and return of equity from unconsolidated affiliates	`PaymentsForProceedsFromInvestments`	$3.73M	USD	1 Quarter
Cash received from (paid for) other investments, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-577.00K	USD	1 Quarter
Cash received from (paid for) other investments, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.70M	USD	1 Quarter
Cash withdrawn from restricted cash	`IncreaseDecreaseInRestrictedCash`	$-1.91M	USD	1 Quarter
Net cash used in investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-47.26M	USD	1 Quarter
Net cash used in investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-83.93M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	$697.21M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	$654.42M	USD	1 Quarter
Payments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	$631.44M	USD	1 Quarter
Payments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	$729.60M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$1.53M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$4.86M	USD	1 Quarter
Payments on short-term debt	`RepaymentsOfShortTermDebt`	$2.78M	USD	1 Quarter
Payments on short-term debt	`RepaymentsOfShortTermDebt`	$4.71M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$980.00K	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.07M	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.19M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$25.00K	USD	1 Quarter
Net cash provided by (used in) financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$44.31M	USD	1 Quarter
Net cash provided by (used in) financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-90.77M	USD	1 Quarter
Net cash used in investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-5.64M	USD	1 Quarter
Net cash used in discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-5.64M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.09M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.08M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.67M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.54M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$106.51M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$155.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.77M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$106.51M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$155.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.77M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.18M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$20.86M	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$48.44M	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 and $0	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.82M	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 and $0	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$60.59M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$13.82M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$60.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$81.44M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.26M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$173.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$363.00K	USD	1 Quarter
Total comprehensive income attributable to Quanta stockholders	`ComprehensiveIncomeNetOfTax`	$81.08M	USD	1 Quarter
Total comprehensive income attributable to Quanta stockholders	`ComprehensiveIncomeNetOfTax`	$62.09M	USD	1 Quarter

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