Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 5

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 provision for credit losses(706)5,188 Equity in earnings of unconsolidated affiliates, net(10,313)(9,219)(Gains) losses on sales and impairments of assets, net(6,019)863 Non-cash interest expense, net1,197 1,260 Other non-cash items, net(11)4,958 Changes in assets and liabilities, net of acquisitions:Accounts receivable37,252 75,584 Contract assets39,472 171,133 Inventories634 5,912 Other assets, current and long-term portion(17,680)33,419 Accounts payable and accrued expenses(114,224)(315,792)Contract liabilities30,654 67,703 Other liabilities, current and long-term portion3,596 (5,462)Net cash provided by operating activities$78,365 $107,750 Cash flows from investing activities:Cash paid for acquisitions, net of cash acquired(4,731)(61)Capital expenditures(47,264)(25,409)Proceeds from sales of property and equipment13,858 10,850 Payments for other investments— (63)Proceeds from other investments2,650 — Other investing activities, net582 1,652 Net cash used in investing activities$(34,905)$(13,031)Cash flows from financing activities:Proceeds from credit facilities516,500 863,000 Repayments of credit facilities and term loans(528,064)(1,186,938)Payments of finance lease obligations(39,915)(36,693)Repurchases of common stock(26,843)— Payments of acquisition-related contingent consideration(302)— Payments to non-controlling interests, including acquisition of interests and distributions(6,992)(6,835)Payments for stock-based awards(4,762)(2,724)Other financing activities, net(7,316)(4,632)Net cash used in financing activities$(97,694)$(374,822)Effect of currency translation on cash80 (132)Net decrease in cash and cash equivalents$(54,154)$(280,235)Cash and cash equivalents - beginning of period$399,903 $529,561 Cash and cash equivalents - end of period$345,749 $249,326                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

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