Supplemental Cash Flow Information |
SUPPLEMENTAL CASH FLOW INFORMATION: The net effect of changes in operating assets and liabilities, net of non-cash transactions, on cash flows from operating activities of continuing operations is as follows (in thousands): | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2017 | | 2016 | | 2015 | Accounts and notes receivable | | $ | (425,313 | ) | | $ | 144,877 |
| | $ | 150,470 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | | 15,999 |
| | (152,702 | ) | | (49,358 | ) | Inventories | | 14,110 |
| | (9,905 | ) | | (33,524 | ) | Prepaid expenses and other current assets | | (32,079 | ) | | 25,133 |
| | 5,899 |
| Accounts payable and accrued expenses and other non-current liabilities | | 29,722 |
| | 81,792 |
| | 7,311 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | | 139,114 |
| | (124,680 | ) | | 153,017 |
| Other, net | | 17,267 |
| | (13,743 | ) | | (11,707 | ) | Net change in operating assets and liabilities, net of non-cash transactions | | $ | (241,180 | ) | | $ | (49,228 | ) | | $ | 222,108 |
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Additional supplemental cash flow information is as follows (in thousands): | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2017 | | 2016 | | 2015 | Cash (paid) received during the period for - | | | | | | | Interest paid related to continuing operations | | $ | (19,373 | ) | | $ | (12,828 | ) | | $ | (7,087 | ) | Income taxes paid related to continuing operations | | $ | (112,335 | ) | | $ | (121,662 | ) | | $ | (130,921 | ) | Income taxes paid related to discontinued operations | | $ | — |
| | $ | (7,260 | ) | | $ | (144,076 | ) | Income tax refunds related to continuing operations | | $ | 9,845 |
| | $ | 7,548 |
| | $ | 23,788 |
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During the year ended December 31, 2017, Quanta entered into a non-cash transaction whereby Quanta accepted title to a marine vessel in satisfaction and discharge of a $7.1 million note receivable.
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