QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...

QUANTA SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
Total
Equity
Noncontrolling
Interest
Total
Stockholders’
Equity
Treasury
Stock
Accumulated
Other
Comprehensive
Income (Loss)
Series F
Retained
Preferred Stock
Earnings
(Accumulated
Deficit)
Additional
Paid-In
Capital
Exchangeable Limited Vote
Common Stock Shares Common Stock
Shares Amount Shares Amount Shares Amount Shares Amount
(In thousands, except share information)
Balance, December 31, 2008 ...... 196,928,203 $ 2 — $ — 662,293 $ — — $ — $2,803,836 $ (86,326) $ (2,956) $ (32,182) $2,682,374 $ — $2,682,374
Foreign currency translation
adjustment ................... — — — — — — — — — — 6,868 — 6,868 — 6,868
Acquisitions .................... 11,468,916 — — — — — — 242,494 — — — 242,494 5 242,499
Restricted stock activity .......... 881,835 — — — — — — — 19,875 — — (3,556) 16,319 — 16,319
Stock options exercised ........... 99,354 — — — — — — — 975 — — — 975 — 975
Income tax expense from long-term
incentive plans ................ — — — — — — — — (1,599) — — — (1,599) — (1,599)
Change in unrealized gain (loss) on
foreign currency hedges ........ — — — — — — — — — — (410) — (410) — (410)
Net income .................... — — — — — — — — — 162,162 — — 162,162 1,373 163,535
Balance, December 31, 2009 ...... 209,378,308 2 — — 662,293 — — — 3,065,581 75,836 3,502 (35,738) 3,109,183 1,378 3,110,561
Foreign currency translation
adjustment ................... — — — — — — — — — — 10,210 — 10,210 — 10,210
Acquisitions .................... 623,720 — 3,909,110 — — — 1 — 83,354 — — — 83,354 — 83,354
Exchange of Limited Vote Common
Stock for common stock ........ 241,300 — — — (229,808) — — — — — — — — — —
Restricted stock activity .......... 845,980 — — — — — — — 23,048 — — (4,622) 18,426 — 18,426
Stock options exercised ........... 48,783 — — — — — — — 534 — — — 534 — 534
Income tax expense from long-term
incentive plans ................ — — — — — — — — (2,161) — — — (2,161) — (2,161)
Redemption of convertible
subordinated notes ............. — — — — — — — — (7,577) — — — (7,577) (7,577)
Change in unrealized gain (loss) on
foreign currency hedges ........ — — — — — — — — — — 410 — 410 — 410
Distribution to noncontrolling
interest ...................... — — — — — — — — — — — — — (2,395) (2,395)
Net income .................... — — — — — — — — — 153,176 — — 153,176 2,381 155,557
Balance, December 31, 2010 ...... 211,138,091 2 3,909,110 — 432,485 — 1 — 3,162,779 229,012 14,122 (40,360) 3,365,555 1,364 3,366,919
Foreign currency translation
adjustment ................... — — — — — — — — — — (12,235) — (12,235) — (12,235)
Acquisitions .................... 1,939,813 — — — — — — — 32,368 — — — 32,368 — 32,368
Exchange of Limited Vote Common
Stock for common stock ........ 454,107 — — — (432,485) — — — — — — — — — —
Restricted stock activity .......... 729,688 — — — — — — — 21,618 — — (6,586) 15,032 — 15,032
Stock options exercised ........... 74,635 — — — — — — — 867 — — — 867 — 867
Income tax expense from long-term
incentive plans ................ — — — — — — — — (1,426) — — — (1,426) — (1,426)
Common stock repurchases ........ (8,133,329) — — — — — — — — — — (149,547) (149,547) — (149,547)
Distribution to noncontrolling
interest ...................... — — — — — — — — — — — — — (5,954) (5,954)
Other ......................... — — — — — — — — — — (1,177) — (1,177) — (1,177)
Net income .................... — — — — — — — — — 132,515 — — 132,515 11,901 144,416
Balance, December 31, 2011 ...... 206,203,005 $ 2 3,909,110 $ — — $ — 1 $ — $3,216,206 $361,527 $ 710 $(196,493) $3,381,952 $ 7,311 $3,389,263
79
The accompanying notes are an integral part of these consolidated financial statements.