Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1059

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 1059
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 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 payable1,105,747 1,242,602 Accrued salaries and wages205,152 198,943 Other accrued expenses455,043 415,075 Contract liabilities735,625 480