Computeruser.com
Latest News

Quanta Services Reports 2010 Fourth Quarter and Annual Results

HOUSTON Feb. 23, 2011 Dec. 31, 2010

$1.11 billion $985.4 million $33.7 million $0.16 $43.9 million $0.21 $0.23 $0.31

John R. Colson Dec. 31, 2009

Dec. 31, 2010 $3.93 billion $3.32 billion Dec. 31, 2009 $153.2 million $0.72 $162.2 million $0.81 $0.92 $0.90

Oct. 25, 2010 Oct. 25, 2010 Dec. 31, 2009 Oct. 1, 2009 Dec. 31, 2010 Dec. 31, 2009

RECENT HIGHLIGHTS

  • Secured Contracts for Large Electric Transmission Projects
    • Dec. 2010 Maine Maine
    • Jan. 2011 Minnesota Bemidji Grand Rapids
  • Expanded Outsourcing Relationship with Puget Sound Energy Jan. 2011 $400 million
  • Selected to Construct 1,600-mile Fiber Optic Network Dec. 2010 $118.5 million Pennsylvania

OUTLOOK

The slow recovery in the economy and ongoing regulatory hurdles continue to create a challenging business environment in the industries Quanta serves. Management cannot predict the timing or extent of the impact that these issues may have on demand for Quanta’s services, particularly in the near term. The following forward-looking statements are based on current expectations, and actual results may differ materially.

$775 million and $825 million $0.02 to $0.03 $0.06 to $0.07 $6.2 million $6.2 million

$4.1 billion and $4.4 billion $0.80 and $0.90 $0.95 to $1.05 $51 million

Feb. 23, 2011 9:30 a.m. Eastern time www.quantaservices.com www.quantaservices.com Mar. 2, 2011 Kip Rupp [email protected]

www.quantaservices.com

North America

Forward-Looking Statements

March 31, 2010 June 30, 2010 Sep. 30, 2010 www.quantaservices.com www.sec.gov

Quanta Services, Inc. and Subsidiaries

Consolidated Statements of Operations

For the Three and Twelve Months Ended December 31, 2010 and 2009

(In thousands, except per share information)

(Unaudited)

Three Months Ended

December 31,

Twelve Months Ended

December 31,

2010

2009

2010

2009

Revenues

$  1,106,426

$  985,423

$  3,931,218

$  3,318,126

Cost of services (including depreciation)

947,176

794,476

3,296,795

2,724,638

Gross profit

159,250

190,947

634,423

593,488

Selling, general and administrative expenses

94,509

94,823

339,672

312,414

Amortization of intangible assets

10,234

23,692

38,568

38,952

Operating income

54,507

72,432

256,183

242,122

Interest expense

(253)

(2,832)

(4,913)

(11,269)

Interest income

251

409

1,417

2,456

Loss on early extinguishment of debt

(7,107)

Other income (expense), net

304

(405)

675

421

Income before income taxes

54,809

69,604

246,255

233,730

Provision for income taxes

20,375

25,159

90,698

70,195

Net income

34,434

44,445

155,557

163,535

Less: Net income attributable to noncontrolling interests

768

500

2,381

1,373

Net income attributable to common stock

$  33,666

$  43,945

$  153,176

$  162,162

Earnings per share attributable to common stock:

Basic earnings per share

$  0.16

$  0.21

$  0.73

$  0.81

Diluted earnings per share

$  0.16

$  0.21

$  0.72

$  0.81

Weighted average shares used in computing earnings per share:

Basic

212,719

208,293

210,046

200,733

Diluted

214,452

209,987

211,796

201,311

Quanta Services, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

December 31,

2010

December 31,

2009

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$  539,221

$  699,629

Accounts receivable, net

766,387

688,260

Costs and estimated earnings in excess of billings on uncompleted contracts

135,475

61,239

Inventories

51,754

33,451

Prepaid expenses and other current assets

103,527

100,213

Total current assets

1,596,364

1,582,792

PROPERTY AND EQUIPMENT, net

900,768

854,437

OTHER ASSETS, net

88,858

45,345

OTHER INTANGIBLE ASSETS, net

194,067

184,822

GOODWILL

1,561,155

1,449,558

Total assets

$  4,341,212

$  4,116,954

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current maturities of long-term debt and notes payable

$  1,327

$  3,426

Accounts payable and accrued expenses

415,947

422,034

Billings in excess of costs and estimated earnings on uncompleted contracts

83,121

70,228

Total current liabilities

500,395

495,688

CONVERTIBLE SUBORDINATED NOTES, net

126,608

DEFERRED INCOME TAXES AND OTHER

  NON-CURRENT LIABILITIES

473,898

384,097

Total liabilities

974,293

1,006,393

TOTAL STOCKHOLDERS’ EQUITY

3,365,555

3,109,183

NONCONTROLLING INTERESTS

1,364

1,378

TOTAL EQUITY

3,366,919

3,110,561

Total liabilities and equity

$  4,341,212

$  4,116,954

Quanta Services, Inc. and Subsidiaries

Supplemental Data

For the Three and Twelve Months Ended December 31, 2010 and 2009

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test