MasTec, Inc. (MTZ) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments361423712740395
Cash and cash equivalents361423712740395
Receivables1,0197848501,9241,5981,156911
Inventory, net of allowances, customer advances and progress billings93901001147711191
Inventory93901001147711191
Prepaid expense916152571014258
Contract with customer, asset1,2289701,025 
Other current assets82317547365568
Total current assets:2,8742,3592,1742,1691,8521,4021,133
Noncurrent Assets
Finance lease, right-of-use asset469  
Operating lease, right-of-use asset260177230
Property, plant and equipment176982906748707549559
Long-term investments and receivables267      
Long-term investments267      
Intangible assets, net (including goodwill), including:2,1911,4271,4331,2701,3291,1761,188
Goodwill1,5211,2431,2211,1001,138996989
Intangible assets, net (excluding goodwill)670184212169191180199
Other undisclosed intangible assets, net (including goodwill)  0(0)000
Deferred costs18      
Other noncurrent assets3602832552531795661
Other undisclosed noncurrent assets507 (0)0(0)(0)(0)
Total noncurrent assets:4,2472,8692,8232,2712,2141,7811,807
TOTAL ASSETS:7,1215,2284,9974,4404,0673,1832,940
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,108907746893616543464
Accounts payable663571535670378364349
Accrued liabilities23018811613314911269
Employee-related liabilities2031358890896747
Interest and dividends payable12128    
Deferred revenue314228206
Debt13814511883886578
Business combination, contingent consideration, liability      18
Billings in excess of cost194161149
Other liabilities141757581657143
Other undisclosed current liabilities846074227   
Total current liabilities:1,7851,4151,2191,284964840753
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8761,1581,3141,3241,281961945
Finance lease, liability157156190
Capital lease obligations1201185076
Operating lease, liability176117155
Other undisclosed long-term debt and lease obligation1,5438859701,2041,163911869
Liabilities, other than long-term debt, including:759548518440389278299
Deferred compensation liability, classified1915121010  
Deferred tax liabilities, net  178189
Deferred income tax liabilities450303296
Other liabilities29023022117618410068
Business combination, contingent consideration, liability      42
Other undisclosed liabilities, other than long-term debt  (12)253195(0)(0)
Other undisclosed noncurrent liabilities158102155(0)(0)00
Total noncurrent liabilities:2,7931,8071,9861,7641,6691,2401,244
Total liabilities:4,5783,2223,2053,0482,6332,0791,997
Stockholders' equity
Stockholders' equity attributable to parent2,5402,0021,7871,3901,4311,097940
Common stock10999999
Treasury stock, value(587)(587)(467)(466)(147)(146)(146)
Additional paid in capital1,034837810789775789770
Accumulated other comprehensive loss(79)(91)(76)(60)(64)(66)(72)
Retained earnings2,1621,8341,5111,118857510379
Stockholders' equity attributable to noncontrolling interest4442374
Total stockholders' equity:2,5442,0061,7921,3921,4331,104943
TOTAL LIABILITIES AND EQUITY:7,1215,2284,9974,4404,0673,1832,940

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,9526,3217,1836,9096,6075,1354,208
Cost of revenue
(Cost of Goods and Services Sold)
(7,229)(5,569)(6,070)    
Gross profit:7237521,1136,9096,6075,1354,208
Operating expenses(307)(319)(303)(335)(275)(261)(345)
Operating income:4164338106,5746,3324,8733,864
Nonoperating income (expense)3327(14)21377
Interest and debt expense (6)(3)(3)  (49)
Income from continuing operations before equity method investments, income taxes:4504557936,5736,3454,8803,823
Income from equity method investments34302724214 
Other undisclosed loss from continuing operations before income taxes(53)(60)(310)(6,232)(5,994)(4,658)(3,890)
Income (loss) from continuing operations before income taxes:430425511365372226(68)
Income tax expense(99)(102)(117)(106)(23)(92)(12)
Other undisclosed income (loss) from continuing operations  0(0)0  
Income (loss) before gain (loss) on sale of properties:331323394259349134(80)
Other undisclosed net income (loss)  (0)0(0)  
Net income (loss):331323394259349134(80)
Net income (loss) attributable to noncontrolling interest(2)0(2)0(2)(3)1
Net income (loss) available to common stockholders, diluted:329323392260347131(79)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):331323394259349134(80)
Other comprehensive income (loss)13(16)(15)327(38)
Comprehensive income (loss):343307379262351141(118)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)0(2)0(2)(3)1
Comprehensive income (loss), net of tax, attributable to parent:341307377263349138(117)

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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