Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2022

Supplemental Cash Flow Elements [Abstract]

Net Effects of Changes in Operating Assets and Liabilities, Net, on Cash Flows from Operating Activities

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)

Reconciliation of Cash, Cash Equivalents, and Restricted Cash and Additional Supplemental Cash Flow Information

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.

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

Supplemental Cash Flow Information Related to Leases

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