MasTec Inc. (MTZ) Financial Statements (2025 and earlier)

Company Profile

Business Address 800 S. DOUGLAS ROAD
CORAL GABLES, FL 33134
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5303713614237127
Cash and cash equivalents5303713614237127
Receivables1,3701,4001,0197848501,924
Inventory, net of allowances, customer advances and progress billings1081189390100114
Inventory1081189390100114
Prepaid expense10612291615257
Contract with customer, asset, after allowance for credit loss1,7561,7301,2289701,025 
Other current assets10411982317547
Total current assets:3,9743,8592,8742,3592,1742,169
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization473535469  ✕
Operating lease, right-of-use asset419280260177230✕
Property, plant and equipment 213187176982906748
Long-term investments and receivables319306267   
Long-term investments319306267   
Intangible assets, net (including goodwill), including:2,9112,9912,1911,4271,4331,270
Goodwill2,1262,0451,5211,2431,2211,100
Intangible assets, net (excluding goodwill)784946670184212169
Other undisclosed intangible assets, net (including goodwill)     0(0)
Deferred costs 262118   
Other noncurrent assets418409360283255253
Other undisclosed noncurrent assets620705507 (0)0
Total noncurrent assets:5,3995,4344,2472,8692,8232,271
TOTAL ASSETS:9,3749,2937,1215,2284,9974,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6581,4761,108907746893
Interest and dividends payable✕✕✕12128 
Employee-related liabilities✕✕✕2031358890
Accounts payable1,2431,110663571535670
Accrued liabilities415366230188116133
Deferred revenue481406314228206✕
Debt17717213814511883
Other liabilities185164141757581
Other undisclosed current liabilities337278846074227
Total current liabilities:2,8372,4961,7851,4151,2191,284
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8883,0521,8761,1581,3141,324
Capital lease obligations✕✕✕✕✕✕120
Finance lease, liability198231157156190✕
Other undisclosed long-term debt and lease obligation2,6902,8211,5438859701,204
Liabilities, other than long-term debt, including:9271,004759548518440
Deferred compensation liability, classified   19151210
Deferred income tax liabilities390571450303296✕
Other liabilities244238290230221176
Operating lease, liability293194176117155✕
Other undisclosed liabilities, other than long-term debt     (12)253
Other undisclosed noncurrent liabilities   158102155(0)
Total noncurrent liabilities:3,8154,0562,7931,8071,9861,764
Total liabilities:6,6526,5524,5783,2223,2053,048
Equity
Equity, attributable to parent2,7062,7372,5402,0021,7871,390
Common stock101010999
Treasury stock, value(660)(664)(587)(587)(467)(466)
Additional paid in capital1,2631,2471,034837810789
Accumulated other comprehensive loss(53)(51)(79)(91)(76)(60)
Retained earnings2,1462,1962,1621,8341,5111,118
Equity, attributable to noncontrolling interest1544442
Total equity:2,7212,7412,5442,0061,7921,392
TOTAL LIABILITIES AND EQUITY:9,3749,2937,1215,2284,9974,440

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues11,9969,7787,9526,3217,1836,909
Cost of revenue
(Cost of Goods and Services Sold)		(11,217)(9,093)(7,229)(5,569)(6,070) 
Gross profit:7796857237521,1136,909
Operating expenses(699)(559)(307)(319)(303)(335)
Operating income:801254164338106,574
Nonoperating income (expense)4113327(14)2
Interest and debt expense   (6)(3)(3)
Income from continuing operations before equity method investments, income taxes:1211264504557936,573
Income from equity method investments312934302724
Other undisclosed loss from continuing operations before income taxes(234)(112)(53)(60)(310)(6,232)
Income (loss) from continuing operations before income taxes:(83)43430425511365
Income tax expense (benefit)35(9)(99)(102)(117)(106)
Other undisclosed income (loss) from continuing operations     0(0)
Income (loss) from continuing operations:(47)34331323394259
Income before gain (loss) on sale of properties:✕✕✕331323394259
Other undisclosed net income (loss)     (0)0
Net income (loss):(47)34331323394259
Net income (loss) attributable to noncontrolling interest(3)(1)(2)0(2)0
Net income (loss) available to common stockholders, basic:(50)33329323392260
Other undisclosed net loss available to common stockholders, diluted  (2)    
Net income (loss) available to common stockholders, diluted:(50)32329323392260

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(47)34331323394259
Other comprehensive income (loss)(2)2813(16)(15)3
Comprehensive income (loss):(49)62343307379262
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(1)(2)0(2)0
Comprehensive income (loss), net of tax, attributable to parent:(52)61341307377263

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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