Below are the financial statements of MasTec, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 399.9a | 529.56a |
| Accounts receivable, net of allowance | 1,381.46a | 1,370.07a |
| Contract assets | 1,555.81a | 1,756.38a |
| Inventories, net | 107.35a | 108.15a |
| Prepaid expenses | 118.89a | 105.88a |
| Other current assets | 89.13a | 104.21a |
| Total current assets | 3,652.53a | 3,974.25a |
| Property and equipment, net | 1,548.92a | 1,651.46a |
| Operating lease right-of-use assets | 396.15a | 418.69a |
| Goodwill, net | 2,203.08a | 2,126.37a |
| Other intangible assets, net | 727.37a | 784.26a |
| Other long-term assets | 447.24a | 418.49a |
| Total assets | 8,975.28a | 9,373.51a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Current portion of long-term debt, including finance leases | 186.1a | 177.25a |
| Current portion of operating lease liabilities | 146.18a | 137.77a |
| Accounts payable | 1,105.75a | 1,242.6a |
| Accrued salaries and wages | 205.15a | 198.94a |
| Other accrued expenses | 455.04a | 415.08a |
| Contract liabilities | 735.63a | 480.97a |
| Other current liabilities | 165.85a | 184.62a |
| Total current liabilities | 2,999.7a | 2,837.22a |
| Long-term debt, including finance leases | 2,038.02a | 2,888.06a |
| Long-term operating lease liabilities | 261.3a | 292.87a |
| Deferred income taxes | 362.77a | 390.4a |
| Other long-term liabilities | 326.14a | 243.7a |
| Total liabilities | 5,987.93a | 6,652.25a |
| Equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 9.9a | 9.91a |
| Capital surplus | 1,291.03a | 1,263.36a |
| Retained earnings | 2,308.58a | 2,145.79a |
| Accumulated other comprehensive loss | -40.85a | -53a |
| Treasury stock, at cost | -656.81a | -659.91a |
| Total MasTec, Inc. shareholders’ equity | 2,911.86a | 2,706.15a |
| Non-controlling interests | 75.49a | 15.11a |
| Total equity | 2,987.34a | 2,721.26a |
| Total liabilities and equity | 8,975.28a | 9,373.51a |
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