MASTEC INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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Sep 30, 2026 · Filed Oct 29, 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):
| September 30,2026 | December 31,2025 | |
|---|---|---|
| Land | $64.0 | $65.3 |
| Buildings and leasehold improvements | 113.0 | 101.2 |
| Machinery, equipment and vehicles | 3,668.1 | 3,295.8 |
| Office equipment, furniture and internal-use software | 368.2 | 375.9 |
| Construction in progress | 92.9 | 49.1 |
| Total property and equipment | $4,306.2 | $3,887.3 |
| Less accumulated depreciation and amortization | (2,247.5) | (2,158.8) |
| Property and equipment, net | $2,058.7 | $1,728.5 |
As of September 30, 2026 and December 31, 2025, the gross amount of capitalized internal-use software totaled $245.3 million and $247.2 million, respectively, and, net of accumulated amortization, totaled $42.1 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 $22.3 million and $9.3 million as of September 30, 2026 and 2025, respectively.
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