MASTEC INC
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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Jun 30, 2026 · Filed Jul 30, 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):
| June 30,2026 | December 31,2025 | |
|---|---|---|
| Land | $65.3 | $65.3 |
| Buildings and leasehold improvements | 109.1 | 101.2 |
| Machinery, equipment and vehicles | 3,506.0 | 3,295.8 |
| Office equipment, furniture and internal-use software | 368.2 | 375.9 |
| Construction in progress | 68.4 | 49.1 |
| Total property and equipment | $4,117.0 | $3,887.3 |
| Less accumulated depreciation and amortization | (2,201.2) | (2,158.8) |
| Property and equipment, net | $1,915.8 | $1,728.5 |
As of June 30, 2026 and December 31, 2025, the gross amount of capitalized internal-use software totaled $245.5 million and $247.2 million, respectively, and, net of accumulated amortization, totaled $45.2 million and $54.0 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 $12.0 million and $25.5 million as of June 30, 2026 and 2025, respectively.
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