Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 413

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 10
Chunk 413
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 cover page of MasTec, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL (included with the Exhibit 101 attachments).

______________

(1)    SEC file number for all Securities Exchange Act reports referenced in the exhibit list is 001 - 08106.

*    Filed herewith.

**    Furnished herewith.

+    Management contract or compensation plan arrangement.

ITEM 16.    FORM 10-K SUMMARY

Not applicable.

100

MASTEC, INC.

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS(in millions)AdditionsBalance at Beginning of PeriodCharges to Cost and ExpenseOther Additions(Deductions)Balance at End of PeriodYear ended December 31, 2024Allowance for credit losses$15.1$9.9 (a)$— $(5.9)(b)$19.1 Allowance for unbilled receivables and project close-out liabilities83.08.6(a)—(27.2)(b)64.4 Valuation allowance for deferred tax assets60.49.6(c)—(5.3)(d)64.7 Total$158.5$28.1$—$(38.4)$148.2 Year ended December 31, 2023Allowance for credit losses$8.4$12.7(a)$—$(6.0)(b)$15.1 Allowance for unbilled receivables and project close-out liabilities117.034.0(a)—(68.0)(b)83.0 Valuation allowance for deferred tax assets87.62.8(c)—(30.0)(d)60.4 Total$213.0$49.5$—$(104.0)$158.5 Year ended December 31, 2022Allowance for credit losses$7.8$2.6(a)$—$(2.0)(b)$8.4 Allowance for unbilled receivables and project close-out liabilities96.89.4(a)40.3(e)(29.5)(b)117.0 Valuation allowance for deferred tax assets54.211.6(c)29.6(e)(7.8)(d)87.6 Total$158.8$23.6$69.9$(39.3)$213.0 (a