CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 399,903	$ 529,561
Accounts receivable, net of allowance	1,381,462	1,370,074
Contract assets	1,555,807	1,756,381
Inventories, net	107,345	108,146
Prepaid expenses	118,888	105,880
Other current assets	89,125	104,211
Total current assets	3,652,530	3,974,253
Property and equipment, net	1,548,916	1,651,462
Operating lease right-of-use assets	396,151	418,685
Goodwill, net	2,203,077	2,126,366
Other intangible assets, net	727,366	784,260
Other long-term assets	447,235	418,485
Total assets	8,975,275	9,373,511
Current liabilities:
Current portion of long-term debt, including finance leases	186,095	177,246
Current portion of operating lease liabilities	146,183	137,765
Accounts payable	1,105,747	1,242,602
Accrued salaries and wages	205,152	198,943
Other accrued expenses	455,043	415,075
Contract liabilities	735,625	480,967
Other current liabilities	165,854	184,621
Total current liabilities	2,999,699	2,837,219
Long-term debt, including finance leases	2,038,017	2,888,058
Long-term operating lease liabilities	261,303	292,873
Deferred income taxes	362,772	390,399
Other long-term liabilities	326,141	243,701
Total liabilities	5,987,932	6,652,250
Commitments and contingencies (Note 14)
Equity
Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none	0	0
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 99,029,011 and 99,093,134 (including 1,130,020 and 1,504,996 of unvested stock awards) as of December 31, 2024 and 2023, respectively	9,903	9,909
Capital surplus	1,291,027	1,263,360
Retained earnings	2,308,581	2,145,793
Accumulated other comprehensive loss	(40,847)	(52,997)
Treasury stock, at cost: 19,719,796 and 19,813,055 shares as of December 31, 2024 and 2023, respectively	(656,807)	(659,913)
Total MasTec, Inc. shareholders’ equity	2,911,857	2,706,152
Non-controlling interests	75,486	15,109
Total equity	2,987,343	2,721,261
Total liabilities and equity	$ 8,975,275	$ 9,373,511