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v3.26.1

Detail of Certain Accounts (Tables) | 3 Months Ended
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Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Cash and Cash Equivalents | 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):
|  | March 31, 2026 |  | December 31, 2025
Cash and cash equivalents held by domestic joint ventures |  | $ | 73,356 |  |  | $ | 63,620 |
Cash and cash equivalents held by foreign joint ventures |  | 13,454 |  |  | 10,639 |
Total cash and cash equivalents held by joint ventures |  | 86,810 |  |  | 74,259 |
Cash and cash equivalents held by captive insurance company |  | 16,521 |  |  | 19,595 |
Cash and cash equivalents not held by joint ventures or captive insurance company |  | 261,430 |  |  | 345,654 |
Total cash and cash equivalents |  | $ | 364,761 |  |  | $ | 439,508 |
Schedule of Inventory, Current | Inventories consisted of the following (in thousands):
|  | March 31, 2026 |  | December 31, 2025
Construction materials and aviation spare parts |  | $ | 147,527 |  |  | $ | 143,994 |
Raw materials |  | 73,565 |  |  | 64,758 |
Work-in-process |  | 12,226 |  |  | 4,427 |
Finished goods and merchandise purchased for resale |  | 213,573 |  |  | 157,193 |
Total Inventories, net |  | $ | 446,891 |  |  | $ | 370,372 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands):
|  | March 31, 2026 |  | December 31, 2025
Prepaid expenses |  | $ | 465,512 |  |  | $ | 488,488 |
Other current assets |  | 167,721 |  |  | 235,772 |
Prepaid expenses and other current assets |  | $ | 633,233 |  |  | $ | 724,260 |
Schedule of Identifiable Intangible Assets | Quanta’s identifiable intangible assets were as follows (in thousands):
|  | March 31, 2026 |  | December 31, 2025
Customer relationships |  | $ | 3,535,422 |  |  | $ | 3,523,939 |
Backlog |  | 577,249 |  |  | 618,911 |
Trade names |  | 794,379 |  |  | 794,379 |
Non-compete agreements |  | 91,423 |  |  | 91,781 |
Patented rights, developed technology, process certifications and other |  | 35,440 |  |  | 35,413 |
Curriculum |  | 16,715 |  |  | 16,691 |
Other intangible assets subject to amortization |  | 5,050,628 |  |  | 5,081,114 |
Accumulated amortization |  | (2,329,405) |  |  | (2,177,926) |
Other intangible assets subject to amortization, net |  | 2,721,223 |  |  | 2,903,188 |
Engineering license |  | 3,000 |  |  | 3,000 |
Other intangible assets, net |  | $ | 2,724,223 |  |  | $ | 2,906,188 |
Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consisted of the following (in thousands):
|  | March 31, 2026 |  | December 31, 2025
Accounts payable, trade |  | $ | 2,915,840 |  |  | $ | 2,832,600 |
Accrued compensation and related expenses |  | 728,556 |  |  | 781,610 |
Other accrued expenses |  | 1,093,845 |  |  | 965,248 |
Accounts payable and accrued expenses |  | $ | 4,738,241 |  |  | $ | 4,579,458 |

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