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v3.22.4

Detail of Certain Accounts (Tables) | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Cash and Cash Equivalents | Amounts related to Quanta’s cash and cash equivalents based on geographic location of the bank accounts were as follows (in thousands):
|  | December 31, |
|  | 2022 |  | 2021 |
Cash and cash equivalents held in domestic bank accounts |  | $ | 376,456 |  |  | $ | 205,781 |  |
Cash and cash equivalents held in foreign bank accounts |  | 52,049 |  |  | 23,316 |  |
Total cash and cash equivalents |  | $ | 428,505 |  |  | $ | 229,097 |  |
Amounts related to cash and cash equivalents held by consolidated or proportionately consolidated joint ventures and the captive insurance company, which are included in Quanta’s total cash and cash equivalents balances, were as follows (in thousands):
|  | December 31,
|  | 2022 |  | 2021
Cash and cash equivalents held by domestic joint ventures |  | $ | 14,291 |  |  | $ | 21,828 |
Cash and cash equivalents held by foreign joint ventures |  | 6,277 |  |  | 3,461 |
Total cash and cash equivalents held by joint ventures |  | 20,568 |  |  | 25,289 |
Cash and cash equivalents held by captive insurance company |  | 35,085 |  |  | 133,302 |
Cash and cash equivalents not held by joint ventures or captive insurance company |  | 372,852 |  |  | 70,506 |
Total cash and cash equivalents |  | $ | 428,505 |  |  | $ | 229,097 |
Property and Equipment | Property and equipment consisted of the following (in thousands):
| Estimated Useful |  | December 31,
| Lives in Years |  | 2022 |  | 2021
Land | N/A |  | $ | 90,715 |  |  | $ | 86,013 |
Buildings and leasehold improvements | 5-30 |  | 396,003 |  |  | 318,499 |
Operating machinery, equipment and vehicles | 1-25 |  | 2,726,546 |  |  | 2,603,149 |
Office equipment, furniture and fixtures and information technology systems | 3-10 |  | 282,282 |  |  | 259,776 |
Construction work in progress | N/A |  | 84,446 |  |  | 91,502 |
Finance lease assets and lease financing transactions | 5-20 |  | 101,385 |  |  | 64,256 |
Property and equipment, gross |  |  | 3,681,377 |  |  | 3,423,195 |
Less — Accumulated depreciation and amortization |  |  | (1,650,913) |  |  | (1,503,498) |
Property and equipment, net of accumulated depreciation |  |  | $ | 2,030,464 |  |  | $ | 1,919,697 |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consisted of the following (in thousands):
|  | December 31,
|  | 2022 |  | 2021
Accounts payable, trade |  | $ | 1,302,086 |  |  | $ | 1,251,118 |
Accrued compensation and related expenses |  | 469,048 |  |  | 547,161 |
Other accrued expenses |  | 381,995 |  |  | 456,392 |
Accounts payable and accrued expenses |  | $ | 2,153,129 |  |  | $ | 2,254,671 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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