v3.25.4
DETAIL OF CERTAIN ACCOUNTS (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash and Cash Equivalents Amounts related to cash and cash equivalents held by
consolidated or proportionately consolidated joint ventures and the captive insurance company, which are included in Quanta’s total cash and cash equivalents balances, were as follows (in thousands):
 December 31,
 20252024
Cash and cash equivalents held by domestic joint ventures$63,620 $71,646 
Cash and cash equivalents held by foreign joint ventures10,639 10,088 
Total cash and cash equivalents held by joint ventures74,259 81,734 
Cash and cash equivalents held by captive insurance company19,595 19,445 
Cash and cash equivalents not held by joint ventures or captive insurance company345,654 640,781 
Total cash and cash equivalents$439,508 $741,960 
Schedule of Inventory
Inventories consisted of the following (in thousands):
December 31,
 20252024
Construction materials and aviation spare parts
$143,994 $114,458 
Raw materials
64,758 39,930 
Work-in-process
4,427 4,607 
Finished goods and merchandise purchased for resale
157,193 101,186 
Total Inventories, net
$370,372 $260,181 
Schedule of Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
December 31,
 20252024
Prepaid expenses$488,488 $268,093 
Other current assets235,772 201,245 
Prepaid expenses and other current assets$724,260 $469,338 
Property and Equipment
Property and equipment consisted of the following (in thousands):
 Estimated UsefulDecember 31,
 Lives in Years20252024
LandN/A$158,270 $134,590 
Buildings and leasehold improvements
5-30
619,808 514,888 
Operating machinery and equipment
1-25
2,474,357 2,160,333 
Vehicles and aviation
2-25
1,488,986 1,187,538 
Office equipment, furniture and fixtures and information technology systems
3-10
336,153 298,878 
Construction work in progressN/A287,433 125,676 
Finance lease assets and lease financing transactions
5-20
337,964 239,806 
Property and equipment, gross5,702,971 4,661,709 
Less — Accumulated depreciation and amortization (2,247,767)(1,961,432)
Property and equipment, net of accumulated depreciation $3,455,204 $2,700,277 
Accounts Payable and Accrued Expenses
Accounts payable and accrued expenses consisted of the following (in thousands):
 December 31,
 20252024
Accounts payable, trade$2,832,600 $2,096,125 
Accrued compensation and related expenses781,610 651,893 
Other accrued expenses965,248 974,325 
Accounts payable and accrued expenses$4,579,458 $3,722,343