Quanta Services (PWR) FY2022 results: revenue $17.1 billion, up 31.5% on the year
Quanta Services, Inc. (PWR) reported revenue of $17.1 billion for fiscal 2022, the year ended 31 December 2022, up 31.5% on the year before. Net income was $491 million, up 1.1%, and diluted earnings per share $3.32. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$17.1 billion
+31.5% on the year
FY2016FY2022
Operating margin
5.1%
5.1% a year earlier
FY2016FY2022
Net income
$491 million
+1.1% on the year
FY2016FY2022
Diluted EPS
$3.32
-0.6% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,130
582
1,116
+94.1%
Capital expenditure
428
386
260
+10.8%
Free cash flow
703
197
856
+257.5%
Free cash flow margin
4.1%
1.5%
7.6%
Cash from investing
-617
-2,899
-499
Cash from financing
-311
2,361
-601
Depreciation and amortisation
645
421
302
+53.2%
Share-based compensation
106
88.3
91.6
+19.6%
Buybacks
128
66.7
247
+91.6%
Dividends paid
41.1
34.0
28.9
+20.7%
Dividend per share
$0.29
$0.25
$0.21
+16.0%
Diluted shares, weighted
148m
145m
145m
+1.8%
Shares outstanding at period end
143m
143m
138m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,383
5,112
4,344
+5.3%
Non-controlling interest
15.4
4.6
4.8
+232.4%
Debt
3,730
3,754
1,189
-0.6%
Operating lease liabilities
172
170
179
+0.6%
Finance lease liabilities
2.1
1.4
1.4
+51.7%
Other liabilities
4,162
3,813
2,680
+9.2%
Total liabilities and equity
13,464
12,855
8,398
+4.7%
Goodwill
3,587
3,529
2,121
+1.6%
Intangible assets
1,459
1,801
436
-19.0%
Cash and equivalents
429
229
185
+87.0%
Receivables
3,675
3,400
2,716
+8.1%
Inventory
103
84.7
50.5
+22.0%
Other assets
4,213
3,811
2,890
+10.5%
Total assets
13,464
12,855
8,398
+4.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.