XML 46 R33.htm IDEA: XBRL DOCUMENT v3.23.3
Debt Obligations (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Long-term Debt Obligations
Quanta’s long-term debt obligations consisted of the following (in thousands):
September 30, 2023December 31, 2022
0.950% Senior Notes due October 2024
$500,000 $500,000 
2.900% Senior Notes due October 2030
1,000,000 1,000,000 
2.350% Senior Notes due January 2032
500,000 500,000 
3.050% Senior Notes due October 2041
500,000 500,000 
Borrowings under senior credit facility (including Term Loan)965,764 786,910 
Borrowings under commercial paper program396,800 373,000 
Other long-term debt112,745 92,907 
Finance leases30,089 3,542 
Unamortized discount and financing costs(23,480)(26,432)
Total long-term debt obligations3,981,918 3,729,927 
Less — Current maturities of long-term debt44,570 37,495 
Total long-term debt obligations, net of current maturities$3,937,348 $3,692,432 
Schedule of Interest on Senior Notes
The interest amounts due on Quanta’s senior notes on each payment date are set forth below (dollars in thousands):
Title of the NotesInterest AmountPayment DatesCommencement Date
0.950% Senior Notes due October 2024
$2,375 April 1 and October 1April 1, 2022
2.900% Senior Notes due October 2030
$14,500 April 1 and October 1April 1, 2021
2.350% Senior Notes due January 2032
$5,875 January 15 and July 15July 15, 2022
3.050% Senior Notes due October 2041
$7,625 April 1 and October 1April 1, 2022
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):
Nine Months Ended
September 30,
20232022
Maximum amount outstanding$1,004,677 $1,684,783 
Average daily amount outstanding$928,318 $1,391,130 
Weighted-average interest rate6.39 %2.60 %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
Nine Months Ended
September 30,
2023
2022 (1)
Maximum amount outstanding$841,400 $426,250 
Average daily amount outstanding (1)
$624,476 $211,438 
Weighted-average interest rate5.79 %3.46 %
(1) The amounts in this column represent activity from August 23, 2022, the date Quanta’s commercial paper program commenced, through September 30, 2022.