MasTec, Inc. (MTZ) financial statements (2021 and earlier)

Company profile

Business Address 800 S. DOUGLAS ROAD
CORAL GABLES, FL 33134
State of Incorp. FL
Fiscal Year End December 31
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4232384972714359
Cash and cash equivalents4232384972714359
Receivables7849179287968501,9531,842
Inventory, net of allowances, customer advances and progress billings9086105107100107127
Inventory9086105107100107127
Prepaid expense61444446524144
Contract with customer, asset9701,0209669981,025  
Other current assets31294661755555
Total current assets:2,3592,3342,1372,0802,1742,1992,127
Noncurrent Assets
Operating lease, right-of-use asset177188199211230233 
Property, plant and equipment982994972937906863853
Intangible assets, net (including goodwill), including:1,4271,4231,4301,4221,4331,3261,334
Goodwill1,2431,2321,2271,2211,2211,1411,144
Intangible assets, net (excluding goodwill)184192202201212185190
Other undisclosed intangible assets, net (including goodwill)   (0)0(0)0
Other noncurrent assets283263252244255238242
Other undisclosed noncurrent assets   0(0)0241
Total noncurrent assets:2,8692,8682,8532,8142,8232,6602,670
TOTAL ASSETS:5,2285,2024,9904,8944,9974,8594,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities907867919785746900925
Accounts payable571583630534535625633
Accrued liabilities188170164126116140158
Employee-related liabilities13510911812388133126
Interest and dividends payable12673828
Deferred revenue228368338204206184 
Debt145139127122118100107
Contract with customer, liability222
Other liabilities757168717510189
Other undisclosed current liabilities60697177745149
Total current liabilities:1,4151,5141,5231,2601,2191,3351,391
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1581,1641,1161,2971,3141,2211,251
Finance lease, liability156166167181190183 
Operating lease, liability117126134143155159 
Other undisclosed long-term debt and lease obligation8858738159739708791,251
Liabilities, other than long-term debt, including:548520466503518464435
Deferred compensation liability, classified15   12  
Deferred income tax liabilities303301268276296277 
Other liabilities230219199227221187179
Other undisclosed liabilities, other than long-term debt   (0)(12)(0)256
Other undisclosed noncurrent liabilities102126134143155159169
Total noncurrent liabilities:1,8071,8101,7161,9441,9861,8451,855
Total liabilities:3,2223,3253,2393,2043,2053,1793,246
Stockholders' equity
Stockholders' equity attributable to parent2,0021,8731,7471,6861,7871,6751,548
Common stock9999999
Treasury stock, value(587)(587)(587)(586)(467)(467)(467)
Additional paid in capital837829822814810804799
Accumulated other comprehensive loss(91)(99)(101)(99)(76)(82)(75)
Retained earnings1,8341,7201,6041,5471,5111,4101,281
Stockholders' equity attributable to noncontrolling interest4444453
Total stockholders' equity:2,0061,8771,7511,6901,7921,6791,551
TOTAL LIABILITIES AND EQUITY:5,2285,2024,9904,8944,9974,8594,797

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,6371,6981,5691,4171,7092,0171,939
Cost of revenue
(Cost of Goods and Services Sold)
(1,409)(1,463)(1,409)(1,287)(1,434)(1,691) 
Gross profit:2272351601302753261,939
Operating expenses(76)(73)(85)(86)(82)(77)(71)
Operating income:15116275441932491,868
Nonoperating income (expense)971112(8)(5)
Interest and debt expense (6)     
Other undisclosed loss from continuing operations before equity method investments, income taxes    (3)  
Income from continuing operations before equity method investments, income taxes:16016486461922411,863
Income from equity method investments8778877
Other undisclosed loss from continuing operations before income taxes(14)(14)(15)(17)(77)(74)(1,710)
Income from continuing operations before income taxes:1541577836122173160
Income tax expense(41)(41)(21)(0)(22)(43)(40)
Other undisclosed income (loss) from continuing operations   000(0)
Income before gain (loss) on sale of properties:1131175736101130120
Other undisclosed net income (loss)   (0)(0)(0)0
Net income:1131175736101130120
Net income (loss) attributable to noncontrolling interest0(0)000(1)(1)
Net income available to common stockholders, diluted:1131165736101129120

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1131175736101130120
Other comprehensive income (loss)72(2)(23)6(7)(9)
Other undisclosed comprehensive income  0    
Comprehensive income:1201195513107123112
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)000(1)(1)
Comprehensive income, net of tax, attributable to parent:1211195513107121111

Statements sources

The financial statements are based on the company's filings with the 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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