Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 66

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 2
Chunk 66
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 and distributions(32,943)(14,478)(728)Payments for stock-based awards(2,946)(10,330)(4,098)Other financing activities, net(35,508)(5,187)(22,592)Net cash (used in) provided by financing activities$(1,090,234)$(350,998)$480,897 Effect of currency translation on cash(3,559)751 (2,155)Net (decrease) increase in cash and cash equivalents(129,658)158,969 9,856 Cash and cash equivalents - beginning of period529,561 370,592 360,736 Cash and cash equivalents - end of period$399,903 $529,561 $370,592 

Supplemental cash flow information:Interest paid$195,338 $237,645 $106,484 Income taxes paid, net of refunds$43,953 $9,608 $8,603 Supplemental disclosure of non-cash information:Additions to property and equipment from finance leases and other financing arrangements$151,009 $147,736 $232,249 

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

60

MASTEC, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 – Business, Basis of Presentation and Significant Accounting Policies 

Nature of the BusinessMasTec, Inc. (collectively with its subsidiaries, “MasTec,” or the “Company”) is a leading infrastructure construction company operating mainly throughout North America across a range of industries.  The Company’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy, utility and other infrastructure, such as: wireless, wireline/fiber and customer fulfillment activities; power delivery infrastructure, including transmission, distribution, grid hardening and modernization, environmental planning and compliance; power generation infrastructure, primarily from clean energy and renewable sources; pipeline infrastructure, including for natural gas, water and carbon capture sequestration pipelines and pipeline integrity services; heavy civil and industrial infrastructure, including roads, bridges and rail; and environmental remediation services.  MasTec’s customers are primarily in these industries.  MasTec reports its results under five reportable segments: (1) Communications; (2) Clean Energy and Infrastructure; (3) Power Delivery; (4) Pipeline Infrastructure and (5) Other.  During the fourth quarter of