Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 2

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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:Current portion of long-term debt, including finance leases$157,431 $186,095 Current portion of operating lease liabilities156,988 146,183 Accounts payable1,286,245 1,105,747 Accrued salaries and wages283,579 205,152 Other accrued expenses498,862 455,043 Contract liabilities730,262 735,625 Other current liabilities123,050 165,854 Total current liabilities$3,236,417 $2,999,699 Long-term debt, including finance leases2,199,486 2,038,017 Long-term operating lease liabilities255,168 261,303 Deferred income taxes449,121 362,772 Other long-term liabilities373,925 326,141 Total liabilities$6,514,117 $5,987,932 Commitments and contingencies (Note 11)EquityPreferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none$— $— Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 99,327,105 and 99,029,011 (including 1,258,530 and 1,130,020 of unvested stock awards) as of September 30, 2025 and December 31, 2024, respectively9,932 9,903 Capital surplus1,312,325 1,291,027 Retained earnings2,564,910 2,308,581 Accumulated other comprehensive loss(40,637)(40,847)Treasury stock, at cost: 20,422,329 and 19,719,796 shares as of September 30, 2025 and December 31, 2024, respectively(734,133)(656,807)Total MasTec, Inc. shareholders’ equity$3,112,397 $2,911,857 Non-controlling interests$66,936 $75,486 Total equity$3,179,333 $2,987,343 Total liabilities and equity$9,693,450 $8,975,275 

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

5

MASTEC, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(unaudited