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Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-term Debt Obligations

Quanta’s long-term debt obligations consisted of the following (in thousands):

						September 30, 2020						December 31, 2019
2.900% Senior Notes due 2030						$	1,000,000					$	—
Borrowings under senior credit facility						195,350						1,346,290
Other long-term debt						25,254						13,275
Finance leases						1,428						957
Unamortized discount and debt issuance costs related to senior notes						(13,273)						—
Total long-term debt obligations						1,208,759						1,360,522
Less — Current maturities of long-term debt						6,334						68,327
Total long-term debt obligations, net of current maturities						$	1,202,425					$	1,292,195

Current Maturities of Long-Term Debt and Short-Term Debt

Quanta’s current maturities of long-term debt and short-term debt consisted of the following (in thousands):

						September 30, 2020						December 31, 2019
Short-term debt						$	2,887					$	6,542
Current maturities of long-term debt						6,334						68,327
Current maturities of long-term debt and short-term debt						$	9,221					$	74,869

Borrowings under Credit Facility and Applicable Interest Rates

Borrowings under the senior credit facility and the applicable interest rates were as follows (dollars in thousands):

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2020						2019						2020						2019
Maximum amount outstanding under the credit facility during the period						$	1,462,069					$	1,987,215					$	2,023,326					$	1,987,215
Average daily amount outstanding under the credit facility						$	1,255,171					$	1,721,843					$	1,395,207					$	1,505,376
Weighted-average interest rate						1.57		%				3.86		%				2.13		%				3.88		%

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
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