MASTEC INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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Property and Equipment, Net
Note 6 –Property and Equipment, Net
The following table provides details of property and equipment, net, including property and equipment held under finance leases as of the dates indicated (in millions):
| December 31, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · Estimated Useful Lives(in years) | |||||
| Land | $65.3 | $67.4 | |||
| Buildings and leasehold improvements | 101.2 | 100.5 | 5 | - | 40 |
| Machinery, equipment and vehicles | 3,295.8 | 3,022.4 | 2 | - | 20 |
| Office equipment, furniture and internal-use software | 375.9 | 349.2 | 3 | - | 7 |
| Construction in progress | 49.1 | 32.5 | |||
| Total property and equipment | $3,887.3 | $3,572.0 | |||
| Less accumulated depreciation and amortization | (2,158.8) | (2,023.1) | |||
| Property and equipment, net | $1,728.5 | $1,548.9 | |||
As of December 31, 2025 and 2024, the gross amount of capitalized internal-use software totaled $247.2 million and $228.2 million, respectively, and, net of accumulated amortization, totaled $54.0 million and $51.1 million, respectively. Accrued capital expenditures, the effects of which are excluded from capital expenditures in the Company’s consolidated statements of cash flows given their non-cash nature, totaled $15.1 million, $7.0 million and $4.4 million as of December 31, 2025, 2024 and 2023, respectively.
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