Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

SUPPLEMENTAL CASH FLOW INFORMATION:

The net effects of changes in operating assets and liabilities, net of non-cash transactions, on cash flows from operating activities are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Accounts and notes receivable	$	76,512	$	237,790	$	112,033	$	360,120
Contract assets	(150,148)		83,677		(212,426)		100,049
Inventories	(5,709)		2,500		(6,144)		(1,868)
Prepaid expenses and other current assets	(52,297)		(33,600)		(42,349)		50,478
Accounts payable and accrued expenses and other non-current liabilities	63,982		22,649		59,202		(87,745)
Contract liabilities	3,595		19,283		(25,630)		6,397
Other, net	(978)		(6,591)		(9,178)		(12,253)
Net change in operating assets and liabilities, net of non-cash transactions	$	(65,043)	$	325,708	$	(124,492)	$	415,178

Reconciliations of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of such amounts shown in the statements of cash flows are as follows (in thousands):

	June 30,
	2021		2020
Cash and cash equivalents	$	212,473	$	530,670
Restricted cash included in “Prepaid expenses and other current assets”	1,460		1,266
Restricted cash included in “Other assets, net”	782		917
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows	$	214,715	$	532,853

	March 31,
	2021		2020
Cash and cash equivalents	$	200,218	$	377,205
Restricted cash included in “Prepaid expenses and other current assets”	1,518		3,514
Restricted cash included in “Other assets, net”	879		919
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows	$	202,615	$	381,638

	December 31,
	2020		2019
Cash and cash equivalents	$	184,620	$	164,798
Restricted cash included in “Prepaid expenses and other current assets”	1,275		4,026
Restricted cash included in “Other assets, net”	913		921
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows	$	186,808	$	169,745

Restricted cash includes any cash that is legally restricted as to withdrawal or usage.

Supplemental cash flow information related to leases and rental purchase options is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(26,789)	$	(29,755)	$	(54,399)	$	(59,237)
Operating cash flows from finance leases	$	(23)	$	(17)	$	(50)	$	(34)
Financing cash flows from finance leases	$	(271)	$	(222)	$	(520)	$	(423)
Lease assets obtained in exchange for lease liabilities:
Operating leases	$	6,678	$	10,658	$	24,605	$	40,351
Finance leases	$	118	$	17	$	286	$	883
Rental purchase option assets obtained in exchange for rental purchase option liabilities	$	5,577	$	160	$	5,880	$	9,923

Additional supplemental cash flow information is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Cash (paid) received during the period for —
Interest paid	$	(18,894)	$	(8,989)	$	(22,933)	$	(22,261)
Income taxes paid	$	(62,883)	$	(9,392)	$	(67,485)	$	(63,613)
Income tax refunds	$	655	$	2,119	$	6,792	$	4,458

During the six months ended June 30, 2020, in connection with the disposition of a small business, Quanta recorded a note receivable in exchange for the transfer of $8.5 million of inventory.