Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 3

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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Total assets$9,132,156 $8,975,275 Liabilities and equityCurrent liabilities:Current portion of long-term debt, including finance leases$160,660 $186,095 Current portion of operating lease liabilities156,972 146,183 Accounts payable1,218,063 1,105,747 Accrued salaries and wages244,553 205,152 Other accrued expenses464,075 455,043 Contract liabilities698,060 735,625 Other current liabilities125,275 165,854 Total current liabilities$3,067,658 $2,999,699 Long-term debt, including finance leases2,096,775 2,038,017 Long-term operating lease liabilities256,253 261,303 Deferred income taxes338,585 362,772 Other long-term liabilities358,520 326,141 Total liabilities$6,117,791 $5,987,932 Commitments and contingencies (Note 12)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 - 99,335,857 and 99,029,011 (including 1,304,396 and 1,130,020 of unvested stock awards) as of June 30, 2025 and December 31, 2024, respectively9,933 9,903 Capital surplus1,303,045 1,291,027 Retained earnings2,404,250 2,308,581 Accumulated other comprehensive loss(35,948)(40,847)Treasury stock, at cost: 20,422,329 and 19,719,796 shares as of June 30, 2025 and December 31, 2024, respectively(734,133)(656,807)Total MasTec, Inc. shareholders’ equity$2,947,147 $2,911,857 Non-controlling interests$67,218 $75,486 Total equity$3,014,365 $2,987,343 Total liabilities and equity$9,132,156 $8,975,275 

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