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Income Statement
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Common Size IS
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QUANTA SERVICES, INC. (PWR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Cost of services  14,544.711,027.09,541.810,511.99,691.58,224.66,637.5 
    Gross profit  2,529.21,953.31,660.81,600.31,480.01,241.91,013.8923.7
Equity in earnings of integral unconsolidated affiliates  52.544.111.3     
Selling, general and administrative expenses  1,336.71,156.0975.1956.0857.6777.9653.3592.9
Amortization of intangible assets  354.0165.476.762.144.032.231.734.8
Asset impairment charges  14.55.78.313.949.458.18.058.5
Change in fair value of contingent consideration liabilities  -4.4-6.7-0.7-13.411.2   
    Operating income  872.1663.5611.4554.9540.3378.8320.8237.5
Interest and other financing expenses  -124.4-68.9-45.0-66.9-36.9-20.9-14.9-8.0
Interest income  2.63.22.40.91.60.82.41.5
Other income (expense), net  -46.425.12.583.4-47.2-5.0-0.7-2.3
    Income before income taxes  703.9622.9571.3572.3457.7353.8307.7228.7
Provision for income taxes  192.2130.9119.4165.5161.735.5107.297.5
    Net income  511.6492.0452.0406.8296.0318.2400.5321.8
Less: Net income attributable to non-controlling interests  20.56.06.44.82.73.21.710.9
    Net income attributable to common stock  491.2486.0445.6402.0293.3315.0198.4310.9
   
Earnings per share attributable to common stock:          
Basic (in dollars per share)  $3.42$3.45$3.15$2.76$1.92$2.02$1.26$1.59
Diluted (in dollars per share)  $3.32$3.34$3.07$2.73$1.90$2.00$1.26$1.59
   
Shares used in computing earnings per share:          
Weighted average basic shares outstanding (in shares)  143.5140.8141.4145.7153.0156.1157.3195.1
Weighted average diluted shares outstanding (in shares)  148.0145.4145.2147.5154.2157.2157.3195.1

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