Quanta Services (PWR) FY2021 results: revenue $13.0 billion, up 15.9% on the year
Quanta Services, Inc. (PWR) reported revenue of $13.0 billion for fiscal 2021, the year ended 31 December 2021, up 15.9% on the year before. Net income was $486 million, up 9.1%, and diluted earnings per share $3.34. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$13.0 billion
+15.9% on the year
FY2016FY2021
Operating margin
5.1%
5.5% a year earlier
FY2016FY2021
Net income
$486 million
+9.1% on the year
FY2016FY2021
Diluted EPS
$3.34
+8.8% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
582
1,116
527
-47.8%
Capital expenditure
386
260
262
+48.4%
Free cash flow
197
856
265
-77.0%
Free cash flow margin
1.5%
7.6%
2.2%
Cash from investing
-2,899
-499
-618
Cash from financing
2,361
-601
178
Depreciation and amortisation
421
302
280
+39.4%
Share-based compensation
88.3
91.6
52.0
-3.7%
Buybacks
66.7
247
20.1
-73.0%
Dividends paid
34.0
28.9
23.2
+17.8%
Dividend per share
$0.25
$0.21
$0.17
+19.0%
Diluted shares, weighted
145m
145m
148m
+0.1%
Shares outstanding at period end
143m
138m
n/a
+3.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,112
4,344
4,050
+17.7%
Non-controlling interest
4.6
4.8
3.5
-3.6%
Debt
3,754
1,189
1,367
+215.7%
Operating lease liabilities
170
179
197
-4.7%
Finance lease liabilities
1.4
1.4
0.5
+0.6%
Other liabilities
3,813
2,680
2,714
+42.3%
Total liabilities and equity
12,855
8,398
8,332
+53.1%
Goodwill
3,529
2,121
2,023
+66.4%
Intangible assets
1,801
436
414
+313.4%
Cash and equivalents
229
185
165
+24.1%
Receivables
3,400
2,716
2,748
+25.2%
Inventory
84.7
50.5
55.7
+67.7%
Other assets
3,811
2,890
2,927
+31.9%
Total assets
12,855
8,398
8,332
+53.1%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.