XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

Detail of Certain Accounts | 12 Months Ended
--- | ---
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Detail of Certain Accounts | DETAIL OF CERTAIN ACCOUNTS: 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 |  |
As of December 31, 2022 and 2021, cash equivalents were $260.1 million and $140.0 million and consisted primarily of money market investments and money market mutual funds. Cash and cash equivalents in foreign bank accounts are primarily held in Canada and Australia. Cash and cash equivalents held by joint ventures, which are either consolidated or proportionately consolidated, are available to support joint venture operations, but Quanta cannot utilize those assets to support its other operations. Quanta generally has no right to cash and cash equivalents held by a joint venture other than participating in distributions, to the extent made, and in the event of dissolution. Cash and cash equivalents held by Quanta’s wholly-owned captive insurance company are generally not available for use in support of its other operations. 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 |
Depreciation expense related to property and equipment is recognized on a straight-line basis over the estimated useful lives of the assets and was $290.6 million, $255.5 million and $225.3 million for the years ended December 31, 2022, 2021 and 2020. 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 |
Other accrued expenses primarily include accrued insurance liabilities, income and franchise taxes payable and deferred revenues.

X
- Definition Detail of certain balance sheet accounts. + References No definition available. + Details
Name: | pwr_DetailOfCertainBalanceSheetAccountsTextBlock
Namespace Prefix: | pwr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration