Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1576

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 1576
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,747 1,242,602 Accrued salaries and wages205,152 198,943 Other accrued expenses455,043 415,075 Contract liabilities735,625 480,967 Other current liabilities165,854 184,621 Total current liabilities$2,999,699 $2,837,219 Long-term debt, including finance leases2,038,017 2,888,058 Long-term operating lease liabilities261,303 292,873 Deferred income taxes362,772 390,399 Other long-term liabilities326,141 243,701 Total liabilities$5,987,932 $6,652,250 Commitments and contingencies (Note 14)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 - 99,029,011 and 99,093,134 (including 1,130,020 and 1,504,996 of unvested stock awards) as of December 31, 2024 and 2023, respectively9,903 9,909 Capital surplus1,291,027 1,263,360 Retained earnings2,308,581 2,145,793 Accumulated other comprehensive loss(40,847)(52,997)Treasury stock, at cost: 19,719,796 and 19,813,055 shares as of December 31, 2024 and 2023, respectively(656,807)(659,913)Total MasTec, Inc. shareholders’ equity$2,911,857 $2,706,152 Non-controlling interests$75,486 $15,109 Total equity$2,987,343 $2,721,261 Total liabilities and equity$8,975,275 $9,373,511 

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

58

MASTEC, INC.

CONSOLIDATED STATEMENTS OF EQUITY 

(in thousands, except shares)

Common StockTreasury StockCapital SurplusRetained EarningsAccumulated Other Comprehensive LossTotal MasTec, Inc. Shareholders’ EquityNon-Controlling InterestsTotal Equity  SharesAmountSharesAmountBalance as of