For the quarter ending 2026-03-31, PWR had -$72,988K decrease in cash & cash equivalents over the period. $171,651K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 231,431 | 316,586 | 342,839 | 233,523 |
| Depreciation | 113,294 | 110,824 | 103,875 | 98,725 |
| Amortization of intangible assets | 152,381 | 142,860 | 133,195 | 113,178 |
| Equity in earnings of unconsolidated affiliates, net of distributions | - | - | 2,583 | 2,595 |
| Deferred income tax expense (benefit) | - | - | 79,175 | -12,629 |
| Non-cash stock-based compensation | 62,634 | 52,826 | 46,899 | 44,071 |
| Other non-cash adjustments, net | 30,705 | 54,973 | 9,947 | 8,982 |
| Accounts, notes and retainage receivable | 745,881 | 73,387 | 710,986 | 33,197 |
| Contract assets | 94,771 | -104,032 | 218,724 | 54,552 |
| Inventories | 76,750 | 50,922 | 45,139 | 22,914 |
| Prepaid expenses and other current assets | -74,647 | 104,845 | -29,390 | 151,286 |
| Accounts payable and accrued expenses, insurance and other non-current liabilities | 120,993 | -46,779 | 637,201 | 119,025 |
| Contract liabilities | 583,004 | 699,631 | 157,679 | -38,924 |
| Other assets and liabilities, net | 59,943 | 11,474 | -728 | 5,696 |
| Net cash provided by operating activities | 391,744 | 1,127,565 | 563,496 | 295,711 |
| Capital expenditures | 220,093 | 193,594 | 142,449 | 140,349 |
| Proceeds from sale of and insurance settlements related to property and equipment | 12,769 | 12,477 | 17,049 | 15,074 |
| Cash paid for asset acquisitions | - | 103,370 | - | - |
| Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired | 22,936 | 1,268,866 | 1,197,148 | 191,839 |
| Investments in unconsolidated affiliates and other | - | -301 | 889 | 148,312 |
| Proceeds from the sale or settlement of certain investments | - | 0 | 17,012 | 0 |
| Other, net | -8,849 | -7,764 | -1,285 | -5,501 |
| Net cash used in investing activities | -221,411 | -1,545,288 | -1,305,140 | -459,925 |
| Borrowings under credit facility and commercial paper program | 16,946,517 | 16,195,247 | 20,929,367 | 10,421,112 |
| Payments under credit facility and commercial paper program | 17,000,690 | 15,888,748 | 21,538,404 | 10,134,699 |
| Net proceeds from notes offering | - | 0 | 1,488,995 | - |
| Payments related to senior notes | - | 0 | - | - |
| Payments of contingent consideration liabilities recorded at acquisition date | - | 0 | 0 | 102,558 |
| Payments related to tax withholding for stock-based compensation | 143,523 | 14,689 | 25,020 | 1,006 |
| Payments of dividends | 17,161 | 15,029 | 15,069 | 14,854 |
| Repurchase of common stock | 0 | 0 | 0 | 15,987 |
| Other, net | -33,603 | -33,206 | 4,793 | -17,615 |
| Net cash (used in) provided by financing activities | -248,460 | 243,575 | 844,662 | 134,393 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 5,139 | 3,295 | -2,095 | 19,342 |
| Net decrease in cash, cash equivalents and restricted cash | -72,988 | -170,853 | 100,923 | -10,479 |
| Cash, cash equivalents and restricted cash, beginning of period | 442,823 | 613,676 | 512,753 | 523,232 |
| Cash, cash equivalents and restricted cash, end of period | 369,835 | 442,823 | 613,676 | 512,753 |
QUANTA SERVICES, INC. (PWR)
QUANTA SERVICES, INC. (PWR)