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Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Long-term Debt Obligations

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

						March 31, 2021						December 31, 2020
2.900% Senior Notes due 2030						$	1,000,000					$	1,000,000
Borrowings under senior credit facility						321,703						148,508
Other long-term debt						46,511						46,981
Finance leases						2,615						2,228
Unamortized discount and debt issuance costs related to senior notes						(12,560)						(12,892)
Total long-term debt obligations						1,358,269						1,184,825
Less — Current maturities of long-term debt						10,709						10,531
Total long-term debt obligations, net of current maturities						$	1,347,560					$	1,174,294

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):

						March 31, 2021						December 31, 2020
Short-term debt						$	—					$	4,233
Current maturities of long-term debt						10,709						10,531
Current maturities of long-term debt and short-term debt						$	10,709					$	14,764

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
						March 31,
						2021						2020
Maximum amount outstanding						$	363,054					$	2,024,473
Average daily amount outstanding						$	214,389					$	1,458,311
Weighted-average interest rate						2.18		%				3.11		%

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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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