Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1579

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 1579
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549 Equity in earnings of unconsolidated affiliates, net(30,228)(30,697)(28,836)Gains on sales and impairments of assets, net(24,138)(21,408)(39,692)Loss on extinguishment of debt11,344 — — Non-cash interest expense, net5,533 5,837 4,172 Other non-cash items, net13,711 8,875 4,743 Changes in assets and liabilities, net of acquisitions:Accounts receivable29,634 45,007 6,298 Contract assets207,703 (54,185)(304,351)Inventories26,345 33,018 (20,523)Other assets, current and long-term portion20,546 75,047 68,603 Accounts payable and accrued expenses(161,734)165,892 192,119 Contract liabilities247,502 49,384 (39,372)Other liabilities, current and long-term portion71,129 (37,831)(68,895)Net cash provided by operating activities$1,121,625 $687,277 $352,297 Cash flows from investing activities:Cash paid for acquisitions, net of cash acquired(79,933)(69,388)(635,763)Capital expenditures(148,855)(192,941)(263,352)Proceeds from sales of property and equipment66,038 84,110 81,470 Payments for other investments(801)(1,899)(3,981)Proceeds from other investments1,503 425 400 Other investing activities, net4,558 1,632 43 Net cash used in investing activities$(157,490)$(178,061)$(821,183)Cash flows from financing activities:Proceeds from credit facilities and term loans4,099,102 4,378,200 4,065,000 Repayments of credit facilities and term loans(5,252,750)(4,509,950)(3,241,128)Proceeds from issuance of 5.900% senior notes549,758 — — Repayments of 6.625% senior notes(224,046)— — Payments of finance lease obligations(153,957)(167,615)(181,481)Repurchases of common stock— — (81,291)