Quanta Services, Inc. (PWR)

Quanta Services Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,682	1,028	904.82	744.69	491.19	485.96
Depreciation & Amortization	1,102	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	246.77	181.95	150.53	126.76	105.6	88.26
Provision & Write-off of Bad Debts	-	-	-	-	-	34.89
Other Operating Activities	74.61	93.33	37.36	28.08	46.36	38.75
Change in Accounts Receivable	-3,128	-1,071	-172.38	-918.73	-660.66	-580.4
Change in Inventory	-160.75	-121.74	-39.52	2.82	-19.33	-
Change in Accounts Payable	1,883	654.96	52.42	771.85	144.22	95.83
Change in Unearned Revenue	2,683	824.45	373.62	293.11	336.11	47.16
Change in Other Net Operating Assets	-315.09	-270.23	32.02	-86.43	-30.05	-20.28
Operating Cash Flow	4,068	2,230	2,081	1,576	1,130	582.39
Operating Cash Flow Growth	124.23%	7.15%	32.06%	39.43%	94.08%	-47.81%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1,016	-712.52	-604.08	-434.8	-427.63	-385.85
Sale of Property, Plant & Equipment	60.31	51.92	77.64	69.35	64.12	49.72
Cash Acquisitions	-2,365	-3,052	-1,746	-651.62	-195.09	-2,452
Investment in Securities	-32.64	-131.89	-52.63	34.74	-57.45	-109.91
Other Investing Activities	5.56	13.64	30.48	-7.31	-1.15	-0.87
Investing Cash Flow	-3,347	-3,831	-2,294	-989.65	-617.19	-2,899

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	54,523	21,123	18,179	9,300	6,803
Total Debt Issued	62,331	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	-61,009	-52,779	-21,215	-17,770	-9,324	-4,265
Net Debt Issued (Repaid)	1,321	1,744	-92.07	408.66	-23.37	2,538
Repurchase of Common Stock	-189.37	-246.85	-155.55	-120.14	-210.35	-131.64
Common Dividends Paid	-65.93	-60.42	-54.2	-47.75	-41.06	-34.02
Other Financing Activities	-97.2	-162.02	-3.82	27.73	-36.3	-11.43
Financing Cash Flow	968.92	1,275	-305.64	268.5	-311.07	2,361

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	17.62	22.83	-30.27	7.03	-0.72	0.43
Net Cash Flow	1,708	-303.19	-549.03	861.83	201.33	45.08

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	3,053	1,517	1,477	1,141	702.68	196.54
Free Cash Flow Growth	143.84%	2.73%	29.44%	62.40%	257.53%	-77.04%
Free Cash Flow Margin	8.19%	5.33%	6.24%	5.46%	4.12%	1.51%
Free Cash Flow Per Share	20.05	10.03	9.84	7.67	4.75	1.35
Levered Free Cash Flow	3,083	819.69	1,526	898.21	401.93	394.37
Unlevered Free Cash Flow	3,274	983.1	1,653	1,015	479.65	437.44

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	273.17	217.36	166.33	175.78	106.05	52.74
Cash Income Tax Paid	347.2	347.2	131.16	242.04	103.29	112.07
Change in Working Capital	962.34	15.98	246.17	62.62	-229.72	-457.68

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 1, 2026

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