Quanta Services Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,028	904.82	744.69	491.19	485.96
Depreciation & Amortization	910.33	742.32	613.8	644.62	420.9
Loss (Gain) From Sale of Investments	-	-	-	91.5	-
Loss (Gain) on Equity Investments	-	-	-	-19.24	-28.68
Stock-Based Compensation	181.95	150.53	126.76	105.6	88.26
Provision & Write-off of Bad Debts	-	-	-	-	34.89
Other Operating Activities	93.33	37.36	28.08	46.36	38.75
Change in Accounts Receivable	-1,071	-172.38	-918.73	-660.66	-580.4
Change in Inventory	-121.74	-39.52	2.82	-19.33	-
Change in Accounts Payable	654.96	52.42	771.85	144.22	95.83
Change in Unearned Revenue	824.45	373.62	293.11	336.11	47.16
Change in Other Net Operating Assets	-270.23	32.02	-86.43	-30.05	-20.28
Operating Cash Flow	2,230	2,081	1,576	1,130	582.39
Operating Cash Flow Growth	7.15%	32.06%	39.43%	94.08%	-47.81%
Capital Expenditures	-712.52	-604.08	-434.8	-427.63	-385.85
Sale of Property, Plant & Equipment	51.92	77.64	69.35	64.12	49.72
Cash Acquisitions	-3,052	-1,746	-651.62	-195.09	-2,452
Investment in Securities	-131.89	-52.63	34.74	-57.45	-109.91
Other Investing Activities	13.64	30.48	-7.31	-1.15	-0.87
Investing Cash Flow	-3,831	-2,294	-989.65	-617.19	-2,899
Long-Term Debt Issued	54,523	21,123	18,179	9,300	6,803
Total Debt Issued	54,523	21,123	18,179	9,300	6,803
Long-Term Debt Repaid	-52,779	-21,215	-17,770	-9,324	-4,265
Total Debt Repaid	-52,779	-21,215	-17,770	-9,324	-4,265
Net Debt Issued (Repaid)	1,744	-92.07	408.66	-23.37	2,538
Repurchase of Common Stock	-246.85	-155.55	-120.14	-210.35	-131.64
Common Dividends Paid	-60.42	-54.2	-47.75	-41.06	-34.02
Other Financing Activities	-162.02	-3.82	27.73	-36.3	-11.43
Financing Cash Flow	1,275	-305.64	268.5	-311.07	2,361
Foreign Exchange Rate Adjustments	22.83	-30.27	7.03	-0.72	0.43
Net Cash Flow	-303.19	-549.03	861.83	201.33	45.08
Free Cash Flow	1,517	1,477	1,141	702.68	196.54
Free Cash Flow Growth	2.73%	29.44%	62.40%	257.53%	-77.04%
Free Cash Flow Margin	5.33%	6.24%	5.46%	4.12%	1.51%
Free Cash Flow Per Share	10.03	9.84	7.67	4.75	1.35
Cash Interest Paid	217.36	166.33	175.78	106.05	52.74
Cash Income Tax Paid	347.2	131.16	242.04	103.29	112.07
Levered Free Cash Flow	819.69	1,526	898.21	401.93	394.37
Unlevered Free Cash Flow	983.1	1,653	1,015	479.65	437.44
Change in Working Capital	15.98	246.17	62.62	-229.72	-457.68

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.