MASTEC INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
MTZ$189.05+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(unaudited - in thousands, except share information)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $181,225 | $529,561 |
| Accounts receivable, net of allowance | 1,453,579 | 1,370,074 |
| Contract assets | 1,646,169 | 1,756,381 |
| Inventories, net | 101,158 | 108,146 |
| Prepaid expenses | 89,636 | 105,880 |
| Other current assets | 101,128 | 104,211 |
| Total current assets | $3,572,895 | $3,974,253 |
| Property and equipment, net | 1,519,378 | 1,651,462 |
| Operating lease right-of-use assets | 398,564 | 418,685 |
| Goodwill, net | 2,135,683 | 2,126,366 |
| Other intangible assets, net | 718,230 | 784,260 |
| Other long-term assets | 418,222 | 418,485 |
| Total assets | $8,762,972 | $9,373,511 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Current portion of long-term debt, including finance leases | $185,085 | $177,246 |
| Current portion of operating lease liabilities | 144,836 | 137,765 |
| Accounts payable | 1,040,976 | 1,242,602 |
| Accrued salaries and wages | 233,895 | 198,943 |
| Other accrued expenses | 427,455 | 415,075 |
| Contract liabilities | 708,164 | 480,967 |
| Other current liabilities | 147,340 | 184,621 |
| Total current liabilities | $2,887,751 | $2,837,219 |
| Long-term debt, including finance leases | 2,138,697 | 2,888,058 |
| Long-term operating lease liabilities | 264,632 | 292,873 |
| Deferred income taxes | 381,219 | 390,399 |
| Other long-term liabilities | 261,961 | 243,701 |
| Total liabilities | $5,934,260 | $6,652,250 |
| Commitments and contingencies (Note 12) | ||
| 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 - 99,030,346 and 99,093,134 (including 1,304,715 and 1,504,996 of unvested stock awards) as of September 30, 2024 and December 31, 2023, respectively | 9,903 | 9,909 |
| Capital surplus | 1,284,611 | 1,263,360 |
| Retained earnings | 2,233,841 | 2,145,793 |
| Accumulated other comprehensive loss | (58,776) | (52,997) |
| Treasury stock, at cost: 19,813,055 shares as of both September 30, 2024 and December 31, 2023 | (659,913) | (659,913) |
| Total MasTec, Inc. shareholders’ equity | $2,809,666 | $2,706,152 |
| Non-controlling interests | $19,046 | $15,109 |
| Total equity | $2,828,712 | $2,721,261 |
| Total liabilities and equity | $8,762,972 | $9,373,511 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.