Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1052

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 1052
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765.Accounts Receivable, Net of Allowance, and Contract Assets and Liabilities776.Property and Equipment, Net787.Debt798.Lease Obligations829.Stock-Based Compensation and Other Employee Benefit Plans8310.Other Retirement Plans8411.Equity8612.Income Taxes8713.Segments and Related Information8914.Commitments and Contingencies9115.Related Party Transactions94

51

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of MasTec, Inc. 

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheet of MasTec, Inc. and its subsidiaries (the “Company”) as of December 31, 2024, and the related consolidated statements of operations, comprehensive income (loss), equity and cash flows for the year then ended, including the related notes and  schedule of valuation and qualifying accounts for the year ended December 31, 2024 appearing after Item 16 (collectively referred to as the “consolidated financial statements”). We also have audited the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).  

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

Basis for Opinions

The Company's management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in Management's Report on Internal Control Over Financial Reporting appearing under Item 9A. Our responsibility is to express opinions on the Company’s consolidated financial statements and on the Company's internal control over financial reporting based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to