MASTEC INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 1, 2024
MTZ$180.84-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share information)
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $529,561 | $370,592 |
| Accounts receivable, net of allowance | 1,370,074 | 1,399,732 |
| Contract assets | 1,756,381 | 1,729,886 |
| Inventories, net | 108,146 | 117,969 |
| Prepaid expenses | 105,880 | 122,308 |
| Other current assets | 104,211 | 118,640 |
| Total current assets | $3,974,253 | $3,859,127 |
| Property and equipment, net | 1,651,462 | 1,754,101 |
| Operating lease right-of-use assets | 418,685 | 279,534 |
| Goodwill, net | 2,126,366 | 2,045,041 |
| Other intangible assets, net | 784,260 | 946,299 |
| Other long-term assets | 418,485 | 409,157 |
| Total assets | $9,373,511 | $9,293,259 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Current portion of long-term debt, including finance leases | $177,246 | $171,916 |
| Current portion of operating lease liabilities | 137,765 | 96,516 |
| Accounts payable | 1,242,602 | 1,109,867 |
| Accrued salaries and wages | 198,943 | 181,888 |
| Other accrued expenses | 415,075 | 365,971 |
| Contract liabilities | 480,967 | 406,232 |
| Other current liabilities | 184,621 | 163,647 |
| Total current liabilities | $2,837,219 | $2,496,037 |
| Long-term debt, including finance leases | 2,888,058 | 3,052,193 |
| Long-term operating lease liabilities | 292,873 | 194,050 |
| Deferred income taxes | 390,399 | 571,401 |
| Other long-term liabilities | 243,701 | 238,391 |
| Total liabilities | $6,652,250 | $6,552,072 |
| Commitments and contingencies (Note 14) | ||
| Equity | ||
| Preferred 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 - 99,093,134 and 98,615,105 (including 1,504,996 and 2,047,130 of unvested stock awards) as of December 31, 2023 and 2022, respectively | 9,909 | 9,862 |
| Capital surplus | 1,263,360 | 1,246,590 |
| Retained earnings | 2,145,793 | 2,195,742 |
| Accumulated other comprehensive loss | (52,997) | (50,955) |
| Treasury stock, at cost: 19,813,055 and 19,933,055 shares as of December 31, 2023 and 2022, respectively | (659,913) | (663,910) |
| Total MasTec, Inc. shareholders’ equity | $2,706,152 | $2,737,329 |
| Non-controlling interests | $15,109 | $3,858 |
| Total equity | $2,721,261 | $2,741,187 |
| Total liabilities and equity | $9,373,511 | $9,293,259 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.