MasTec Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	399.04	162.79	-49.95	33.35	328.83
Depreciation & Amortization	427.08	506.62	603.16	507.15	422.83
Loss (Gain) From Sale of Assets	-18.45	-24.14	-21.41	-39.69	-35.64
Loss (Gain) on Equity Investments	-31.96	-30.23	-30.7	-28.84	-33.83
Stock-Based Compensation	34	32.67	33.34	27.45	24.81
Other Operating Activities	145.56	32.79	-123.5	19	44.68
Change in Accounts Receivable	-587.42	237.34	-9.18	-298.05	198.45
Change in Inventory	-2.71	26.35	33.02	-20.52	10.15
Change in Accounts Payable	250.53	-161.73	165.89	192.12	-104.48
Change in Unearned Revenue	-7.31	247.5	49.38	-39.37	10.6
Change in Other Net Operating Assets	-62.65	91.68	37.22	-0.29	-73.32
Operating Cash Flow	545.71	1,122	687.28	352.3	793.07
Operating Cash Flow Growth	-51.35%	63.20%	95.08%	-55.58%	-15.38%
Capital Expenditures	-259.99	-148.86	-192.94	-263.35	-170.07
Sale of Property, Plant & Equipment	56.3	66.04	84.11	81.47	65.29
Cash Acquisitions	-71.04	-79.93	-69.39	-635.76	-1,245
Investment in Securities	2.75	0.7	-1.47	-3.58	-9.44
Other Investing Activities	4.73	4.56	1.63	0.04	1.65
Investing Cash Flow	-267.25	-157.49	-178.06	-821.18	-1,357
Long-Term Debt Issued	5,597	4,649	4,378	4,065	1,503
Long-Term Debt Repaid	-5,703	-5,631	-4,678	-3,423	-971
Net Debt Issued (Repaid)	-105.47	-981.89	-299.37	642.39	532.38
Repurchase of Common Stock	-77.33	-	-	-81.29	-
Other Financing Activities	-100.65	-108.34	-51.63	-80.2	-30.44
Financing Cash Flow	-283.44	-1,090	-351	480.9	501.94
Foreign Exchange Rate Adjustments	1.1	-3.56	0.75	-2.16	-0.23
Net Cash Flow	-3.87	-129.66	158.97	9.86	-62.38
Free Cash Flow	285.73	972.77	494.34	88.95	623.01
Free Cash Flow Growth	-70.63%	96.78%	455.78%	-85.72%	-13.89%
Free Cash Flow Margin	2.00%	7.91%	4.12%	0.91%	7.83%
Free Cash Flow Per Share	3.63	12.33	6.38	1.17	8.43
Cash Interest Paid	-	195.34	237.65	106.48	61.82
Cash Income Tax Paid	-	43.95	9.61	8.6	69.11
Levered Free Cash Flow	60.13	879.64	730.51	23.22	275.94
Unlevered Free Cash Flow	168.24	1,000	877.01	93.38	309.33
Change in Working Capital	-409.55	441.13	276.33	-166.12	41.4

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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