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Supplemental Cash Flow Information | 9 Months Ended
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Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract] |
Supplemental Cash Flow Information | 19. SUPPLEMENTAL CASH FLOW INFORMATION: The net effects of changes in operating assets and liabilities, net of non-cash transactions, on cash flows from operating activities are as follows (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Accounts and notes receivable |  | $ | (152,311) |  |  | $ | (411,890) |  |  | $ | (316,253) |  |  | $ | (299,857) |
Contract assets |  | (161,698) |  |  | (96,423) |  |  | (369,958) |  |  | (308,849) |
Inventories |  | (2,581) |  |  | 5 |  |  | (14,445) |  |  | (6,139) |
Prepaid expenses and other current assets |  | (18,030) |  |  | 37,406 |  |  | (73,899) |  |  | (4,943) |
Accounts payable and accrued expenses and other non-current liabilities |  | 229,989 |  |  | 230,631 |  |  | 287,890 |  |  | 289,833 |
Contract liabilities |  | 77,682 |  |  | (1,397) |  |  | 27,278 |  |  | (27,027) |
Other, net |  | (1,746) |  |  | (6,027) |  |  | (4,971) |  |  | (15,205) |
Net change in operating assets and liabilities, net of non-cash transactions |  | $ | (28,695) |  |  | $ | (247,695) |  |  | $ | (464,358) |  |  | $ | (372,187) |
Reconciliations of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of such amounts shown in the statements of cash flows are as follows (in thousands):
|  | September 30,
|  | 2022 |  | 2021
Cash and cash equivalents (1) |  | $ | 215,395 |  |  | $ | 1,696,210 |
Restricted cash included in “Prepaid expenses and other current assets” (2) |  | 1,993 |  |  | 2,108 |
Restricted cash included in “Other assets, net” (2) |  | 950 |  |  | 778 |
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows |  | $ | 218,338 |  |  | $ | 1,699,096 |
|  | June 30,
|  | 2022 |  | 2021
Cash and cash equivalents (1) |  | $ | 150,653 |  |  | $ | 212,473 |
Restricted cash included in “Prepaid expenses and other current assets” (2) |  | 1,763 |  |  | 1,460 |
Restricted cash included in “Other assets, net” (2) |  | 950 |  |  | 782 |
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows |  | $ | 153,366 |  |  | $ | 214,715 |
|  | December 31,
|  | 2021 |  | 2020
Cash and cash equivalents (1) |  | $ | 229,097 |  |  | $ | 184,620 |
Restricted cash included in “Prepaid expenses and other current assets” (2) |  | 1,836 |  |  | 1,275 |
Restricted cash included in “Other assets, net” (2) |  | 954 |  |  | 913 |
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows |  | $ | 231,887 |  |  | $ | 186,808 |
(1) Cash and cash equivalents as of September 30, 2022 and 2021 includes $46.5 million and $132.9 million held by Quanta’s wholly-owned captive insurance company. Cash and cash equivalents as of June 30, 2022 and 2021 includes $47.9 million and $132.0 million held by Quanta’s wholly-owned captive insurance company. Cash and cash equivalents as of December 31, 2021 and 2020 includes $133.3 million and $85.0 million held by Quanta’s wholly-owned captive insurance company. Such amounts are generally not available for use in support of Quanta’s other operations. (2) Restricted cash includes any cash that is legally restricted as to withdrawal or usage. Supplemental cash flow information related to leases and rental purchase options is as follows (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | (22,988) |  |  | $ | (25,331) |  |  | $ | (72,256) |  |  | $ | (79,730) |
Operating cash flows from finance leases |  | $ | (28) |  |  | $ | (18) |  |  | $ | (82) |  |  | $ | (68) |
Financing cash flows from finance leases |  | $ | (349) |  |  | $ | (168) |  |  | $ | (1,076) |  |  | $ | (688) |
Lease assets obtained in exchange for lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | $ | 30,056 |  |  | $ | 17,081 |  |  | $ | 54,779 |  |  | $ | 41,686 |
Finance leases |  | $ | 615 |  |  | $ | 112 |  |  | $ | 1,865 |  |  | $ | 398 |
Rental purchase option assets obtained in exchange for rental purchase option liabilities |  | $ | 2,449 |  |  | $ | 1,129 |  |  | $ | 29,602 |  |  | $ | 7,009 |
Additional supplemental cash flow information is as follows (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Cash (paid) received during the period for — |  |  |  |  |  |  |  |
Interest paid |  | $ | (18,856) |  |  | $ | (3,950) |  |  | $ | (61,815) |  |  | $ | (26,883) |
Income taxes paid |  | $ | (16,462) |  |  | $ | (35,740) |  |  | $ | (74,825) |  |  | $ | (103,225) |
Income tax refunds |  | $ | 496 |  |  | $ | 2,419 |  |  | $ | 5,966 |  |  | $ | 9,211 |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI https://asc.fasb.org/topic&trid=2134446 + Details
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- References No definition available. + Details
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