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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 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):
Year Ended December 31,
202120202019
Accounts and notes receivable$(248,452)$71,058 $(214,580)
Contract assets(331,946)153,832 (12,317)
Inventories1,418 9,860 52,168 
Prepaid expenses and other current assets(6,503)83,518 (60,475)
Accounts payable and accrued expenses and other non-current liabilities95,829 115,569 39,419 
Contract liabilities47,163 (84,370)174,230 
Other, net (1)
(15,191)(22,098)(135,250)
Net change in operating assets and liabilities, net of non-cash transactions$(457,682)$327,369 $(156,805)
(1) The amount for the year ended December 31, 2019 includes the payment of $87 million of on-demand advance payment bonds and $25 million of on-demand performance bonds exercised in connection with the terminated telecommunications project in Peru. See Legal Proceedings — Peru Project Dispute in Note 16 for additional information on this matter.
Reconciliations of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of such amounts shown in the statements of cash flows are as follows (in thousands):
December 31,
2021202020192018
Cash and cash equivalents$229,097 $184,620 $164,798 $78,687 
Restricted cash included in “Prepaid expenses and other current assets”1,836 1,275 4,026 3,286 
Restricted cash included in “Other assets, net”954 913 921 1,283 
Total cash, cash equivalents, and restricted cash reported in the statements of cash flows$231,887 $186,808 $169,745 $83,256 
Restricted cash includes any cash that is legally restricted as to withdrawal or usage.
Supplemental cash flow information related to leases and rental purchase options is as follows (in thousands):
 Year Ended December 31,
 202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(104,434)$(115,597)$(119,357)
Operating cash flows from finance leases$(90)$(108)$(64)
Financing cash flows from finance leases$(1,001)$(1,198)$(1,835)
Lease assets obtained in exchange for lease liabilities:
Operating leases$73,713 $69,721 $96,550 
Finance leases$1,044 $1,384 $691 
Rental purchase option assets obtained in exchange for rental purchase option liabilities$11,713 $35,734 $12,229 
Additional supplemental cash flow information is as follows (in thousands):
Year Ended December 31,
 202120202019
Cash (paid) received during the period for -   
Interest paid$(52,737)$(32,142)$(64,805)
Income taxes paid$(125,328)$(231,186)$(116,467)
Income tax refunds$13,257 $18,119 $7,474 
Accrued capital expenditures were $27.4 million and $11.3 million as of December 31, 2021 and 2020. The impact of these items has been excluded from Quanta’s capital expenditures in the accompanying consolidated statements of cash flows due to their non-cash nature.
During the year ended December 31, 2020, Quanta contributed certain assets that had a fair value of $6.1 million as partial consideration for the purchase of an investment and recorded a note receivable of $4.7 million as partial consideration for the sale of another investment.