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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42371274039524
Cash and cash equivalents42371274039524
Receivables7848501,9241,5981,1569111,304
Inventory, net of allowances, customer advances and progress billings901001147711191113
Inventory901001147711191113
Prepaid expense6152571014258 
Contract with customer, asset9701,025 
Costs in excess of billings   486
Deferred tax assets    32
Other current assets317547365568 
Other undisclosed current assets      (426)
Total current assets:2,3592,1742,1691,8521,4021,1331,532
Noncurrent Assets
Operating lease, right-of-use asset177230
Property, plant and equipment982906748707549559623
Intangible assets, net (including goodwill), including:1,4271,4331,2701,3291,1761,1881,333
Goodwill1,2431,2211,1001,1389969891,082
Intangible assets, net (excluding goodwill)184212169191180199250
Other undisclosed intangible assets, net (including goodwill) 0(0)000(0)
Other noncurrent assets283255253179566176
Other undisclosed noncurrent assets (0)0(0)(0)(0)0
Total noncurrent assets:2,8692,8232,2712,2141,7811,8072,032
TOTAL ASSETS:5,2284,9974,4404,0673,1832,9403,564
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities907746893616543464635
Accounts payable571535670378364349485
Accrued liabilities1881161331491126989
Employee-related liabilities135889089674761
Interest and dividends payable128     
Deferred revenue228206
Debt1451188388657874
Business combination, contingent consideration, liability     1850
Billings in excess of cost194161149156
Other liabilities75758165714367
Other undisclosed current liabilities6074227    
Total current liabilities:1,4151,2191,284964840753981
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1581,3141,3241,2819619451,061
Finance lease, liability156190
Capital lease obligations1201185076115
Operating lease, liability117155
Other undisclosed long-term debt and lease obligation8859701,2041,163911869946
Liabilities, other than long-term debt, including:548518440389278299374
Deferred compensation liability, classified15121010   
Deferred tax liabilities, net  178189203
Deferred income tax liabilities303296
Other liabilities2302211761841006867
Business combination, contingent consideration, liability     42104
Other undisclosed liabilities, other than long-term debt (12)253195(0)(0)0
Other undisclosed noncurrent liabilities102155(0)(0)00(0)
Total noncurrent liabilities:1,8071,9861,7641,6691,2401,2441,435
Total liabilities:3,2223,2053,0482,6332,0791,9972,416
Stockholders' equity
Stockholders' equity attributable to parent2,0021,7871,3901,4311,0979401,144
Common stock9999999
Treasury stock, value(587)(467)(466)(147)(146)(146)(46)
Additional paid in capital837810789775789770757
Accumulated other comprehensive loss(91)(76)(60)(64)(66)(72)(34)
Retained earnings1,8341,5111,118857510379458
Stockholders' equity attributable to noncontrolling interest4423744
Total stockholders' equity:2,0061,7921,3921,4331,1049431,148
TOTAL LIABILITIES AND EQUITY:5,2284,9974,4404,0673,1832,9403,564

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,3217,1836,9096,6075,1354,2084,612
Cost of revenue
(Cost of Goods and Services Sold)
(5,569)(6,070)     
Gross profit:7521,1136,9096,6075,1354,2084,612
Operating expenses(319)(303)(335)(275)(261)(345)(265)
Operating income:4338106,5746,3324,8733,8644,347
Nonoperating income (expense)27(14)213778
Interest and debt expense(6)(3)(3)  (49)(54)
Income from continuing operations before equity method investments, income taxes:4557936,5736,3454,8803,8234,300
Income from equity method investments302724214  
Other undisclosed loss from continuing operations before income taxes(60)(310)(6,232)(5,994)(4,658)(3,890)(4,102)
Income (loss) from continuing operations before income taxes:425511365372226(68)198
Income tax expense(102)(117)(106)(23)(92)(12)(76)
Other undisclosed income (loss) from continuing operations 0(0)0   
Income (loss) from continuing operations:323394259349134(80)122
Loss from discontinued operations      (6)
Income (loss) before gain (loss) on sale of properties:323394259349134(80)116
Other undisclosed net income (loss) (0)0(0)   
Net income (loss):323394259349134(80)116
Net income (loss) attributable to noncontrolling interest0(2)0(2)(3)10
Net income (loss) available to common stockholders, diluted:323392260347131(79)116

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):323394259349134(80)116
Other comprehensive income (loss)(16)(15)327(38)(21)
Comprehensive income (loss):307379262351141(118)95
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(2)0(2)(3)10
Comprehensive income (loss), net of tax, attributable to parent:307377263349138(117)95

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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