MASTEC INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
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Item 16. Form 10-K Summary
Not applicable.
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
(in millions)
| Additions | |||||
|---|---|---|---|---|---|
| Balance at Beginning of Period | Charges to Cost and Expense | Other Additions | (Deductions) | Balance at End of Period | |
| Allowance for credit losses | $8.4 | $12.7(a) | $— | $(6.0)(b) | $15.1 |
| Allowance for unbilled receivables and project close-out liabilities | 117.0 | 34.0(a) | — | (68.0)(b) | 83.0 |
| Valuation allowance for deferred tax assets | 87.6 | 2.8(c) | — | (30.0)(d) | 60.4 |
| Total | $213.0 | $49.5 | $— | $(104.0) | $158.5 |
| Allowance for credit losses | $7.8 | $2.6(a) | $— | $(2.0)(b) | $8.4 |
| Allowance for unbilled receivables and project close-out liabilities | 96.8 | 9.4(a) | 40.3(e) | (29.5)(b) | 117.0 |
| Valuation allowance for deferred tax assets | 54.2 | 11.6(c) | 29.6(e) | (7.8)(d) | 87.6 |
| Total | $158.8 | $23.6 | $69.9 | $(39.3) | $213.0 |
| Allowance for credit losses | $20.5 | $2.8(a) | $— | $(15.5)(b) | $7.8 |
| Allowance for unbilled receivables and project close-out liabilities | 50.4 | 67.0(a) | — | (20.6)(b) | 96.8 |
| Valuation allowance for deferred tax assets | 45.8 | 9.4(c) | — | (1.0)(d) | 54.2 |
| Total | $116.7 | $79.2 | $— | $(37.1) | $158.8 |
(a) Provisions for receivables and project close-out liabilities.
(b) Write-offs of and reversals for receivables and project close-out liabilities.
(c) Additions related to federal, foreign and state attributes.
(d) Deductions related to federal, foreign and state attributes.
(e) Assumption of acquisition-related balances.
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