Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1417

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 1417
---
.06 $(0.64)$0.42 Diluted weighted average common shares outstanding78,880 77,535 76,185 

The accompanying notes are an integral part of these consolidated financial statements.

56

MASTEC, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in thousands)

For the Years Ended December 31,202420232022Net income (loss)$199,421 $(47,296)$33,888 Other comprehensive (loss) income:Foreign currency translation (losses) gains, net of tax(2,949)1,695 (3,089)Unrealized gains (losses) on investment activity, net of tax349 (3,737)30,910 Comprehensive income (loss)$196,821 $(49,338)$61,709 Comprehensive income attributable to non-controlling interests36,633 2,653 534 Comprehensive income (loss) attributable to MasTec, Inc.$160,188 $(51,991)$61,175 

The accompanying notes are an integral part of these consolidated financial statements.

57

MASTEC, INC.

CONSOLIDATED BALANCE SHEETS

 (in thousands, except share information)

As of December 31,20242023AssetsCurrent assets:Cash and cash equivalents$399,903 $529,561 Accounts receivable, net of allowance1,381,462 1,370,074 Contract assets1,555,807 1,756,381 Inventories, net107,345 108,146 Prepaid expenses118,888 105,880 Other current assets89,125 104,211 Total current assets$3,652,530 $3,974,253 Property and equipment, net1,548,916 1,651,462 Operating lease right-of-use assets396,151 418,685 Goodwill, net2,203,077 2,126,366 Other intangible assets, net727,366 784,260 Other long-term assets447,235 418,485 Total assets$8,975,275 $9,373,511 Liabilities and equityCurrent liabilities:Current portion of long-term debt, including finance leases$186,095 $177,246 Current portion of operating lease liabilities146,183 137,765 Accounts payable1,105