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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7127403952423
Cash and cash equivalents7127403952423
Receivables8501,9241,5981,1569111,3041,134
Inventory, net of allowances, customer advances and progress billings100114771119111370
Inventory100114771119111370
Prepaid expense52571014258  
Contract with customer, asset1,025 
Disposal group, including discontinued operation      2
Costs in excess of billings   486 
Deferred tax assets    3216
Other current assets7547365568  
Other undisclosed current assets     (426)60
Total current assets:2,1742,1691,8521,4021,1331,5321,306
Noncurrent Assets
Operating lease, right-of-use asset230
Property, plant and equipment906748707549559623488
Intangible assets, net (including goodwill), including:1,4331,2701,3291,1761,1881,3331,065
Goodwill1,2211,1001,1389969891,082899
Intangible assets, net (excluding goodwill)212169191180199250166
Other undisclosed intangible assets, net (including goodwill)0(0)000(0)0
Other noncurrent assets25525317956617661
Assets of disposal group, including discontinued operation10
Other undisclosed noncurrent assets(0)0(0)(0)(0)0(10)
Total noncurrent assets:2,8232,2712,2141,7811,8072,0321,614
TOTAL ASSETS:4,9974,4404,0673,1832,9403,5642,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities746893616543464635563
Accounts payable535670378364349485425
Accrued liabilities116133149112698971
Employee-related liabilities88908967476166
Interest and dividends payable8      
Deferred revenue206
Debt118838865787451
Business combination, contingent consideration, liability    1850
Billings in excess of cost194161149156122
Other liabilities75816571436725
Other undisclosed current liabilities74227    65
Total current liabilities:1,2191,284964840753981826
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3141,3241,2819619451,061765
Finance lease, liability190
Capital lease obligations120118507611585
Operating lease, liability155
Other undisclosed long-term debt and lease obligation9701,2041,163911869946681
Liabilities, other than long-term debt, including:518440389278299374308
Deferred compensation liability, classified121010   4
Deferred tax liabilities, net  178189203155
Deferred income tax liabilities296
Other liabilities221176184100686740
Business combination, contingent consideration, liability    42104
Other undisclosed liabilities, other than long-term debt(12)253195(0)(0)0108
Other undisclosed noncurrent liabilities155(0)(0)00(0)0
Total noncurrent liabilities:1,9861,7641,6691,2401,2441,4351,073
Total liabilities:3,2053,0482,6332,0791,9972,4161,899
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7871,3901,4311,0979401,1441,016
Common stock9999999
Treasury stock, value(467)(466)(147)(146)(146)(46)(150)
Additional paid in capital810789775789770757823
Accumulated other comprehensive loss(76)(60)(64)(66)(72)(34)(13)
Retained earnings1,5111,118857510379458342
Other undisclosed stockholders' equity attributable to parent      6
Stockholders' equity attributable to noncontrolling interest4237445
Total stockholders' equity:1,7921,3921,4331,1049431,1481,021
TOTAL LIABILITIES AND EQUITY:4,9974,4404,0673,1832,9403,5642,920

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,1836,9096,6075,1354,2084,6124,325
Cost of revenue
(Cost of Goods and Services Sold)
(6,070)      
Gross profit:1,1136,9096,6075,1354,2084,6124,325
Operating expenses(303)(335)(275)(261)(345)(265)(217)
Operating income:8106,5746,3324,8733,8644,3474,108
Nonoperating income (expense)(14)2137786
Interest and debt expense(3)(3)  (49)(54)(6)
Income from continuing operations before equity method investments, income taxes:7936,5736,3454,8803,8234,3004,108
Income from equity method investments2724214   
Other undisclosed loss from continuing operations before income taxes(310)(6,232)(5,994)(4,658)(3,890)(4,102)(3,868)
Income (loss) from continuing operations before income taxes:511365372226(68)198240
Income tax expense(117)(106)(23)(92)(12)(76)(93)
Other undisclosed income (loss) from continuing operations0(0)0    
Income (loss) from continuing operations:394259349134(80)122148
Loss from discontinued operations     (6)(6)
Income (loss) before gain (loss) on sale of properties:394259349134(80)116141
Other undisclosed net income (loss)(0)0(0)    
Net income (loss):394259349134(80)116141
Net income (loss) attributable to noncontrolling interest(2)0(2)(3)10(0)
Net income (loss) available to common stockholders, basic:392260347131(79)116141
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:392260347131(79)116141

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):394259349134(80)116141
Other comprehensive income (loss)(15)327(38)(21)(8)
Comprehensive income (loss):379262351141(118)95133
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)0(2)(3)100
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:377263349138(117)95133

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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