Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 1

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 statements.

3

MASTEC, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited - in thousands)

Three Months EndedSeptember 30, Nine Months EndedSeptember 30, 2025202420252024Net income$166,497 $105,410 $268,958 $114,719 Other comprehensive loss, net of tax:Foreign currency translation (losses) gains(1,604)(280)2,925 (1,659)Unrealized losses on investment activity(977)(6,967)(5,701)(4,120)Comprehensive income$163,916 $98,163 $266,182 $108,940 Net income attributable to non-controlling interests5,837 10,170 12,629 26,671 Foreign currency translation gains (losses) attributable to non-controlling interests2,108 — (2,986)— Comprehensive income attributable to non-controlling interests$7,945 $10,170 $9,643 $26,671 Comprehensive income attributable to MasTec, Inc.$155,971 $87,993 $256,539 $82,269 

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

4

MASTEC, INC.

CONSOLIDATED BALANCE SHEETS

 (unaudited - in thousands, except share information)

September 30,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$231,418 $399,903 Accounts receivable, net of allowance1,692,194 1,381,462 Contract assets2,008,547 1,555,807 Inventories, net111,870 107,345 Prepaid expenses160,123 118,888 Other current assets102,854 89,125 Total current assets$4,307,006 $3,652,530 Property and equipment, net1,687,294 1,548,916 Operating lease right-of-use assets401,145 396,151 Goodwill, net2,214,232 2,203,077 Other intangible assets, net632,490 727,366 Other long-term assets451,283 447,235 Total assets$9,693,450 $8,975,275 Liabilities and equityCurrent liabilities