Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 345,749	$ 399,903
Accounts receivable, net of allowance	1,345,116	1,381,462
Contract assets	1,516,333	1,555,807
Inventories, net	114,504	107,345
Prepaid expenses	120,709	118,888
Other current assets	103,148	89,125
Total current assets	3,545,559	3,652,530
Property and equipment, net	1,583,302	1,548,916
Operating lease right-of-use assets	386,765	396,151
Goodwill, net	2,204,912	2,203,077
Other intangible assets, net	694,723	727,366
Other long-term assets	446,677	447,235
Total assets	8,861,938	8,975,275
Current liabilities:
Current portion of long-term debt, including finance leases	192,106	186,095
Current portion of operating lease liabilities	149,112	146,183
Accounts payable	985,715	1,105,747
Accrued salaries and wages	255,926	205,152
Other accrued expenses	424,579	455,043
Contract liabilities	766,230	735,625
Other current liabilities	136,207	165,854
Total current liabilities	2,909,875	2,999,699
Long-term debt, including finance leases	2,041,597	2,038,017
Long-term operating lease liabilities	248,800	261,303
Deferred income taxes	349,397	362,772
Other long-term liabilities	357,010	326,141
Total liabilities	5,906,679	5,987,932
Commitments and contingencies (Note 12)
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 - 99,325,262 and 99,029,011 (including 1,296,840 and 1,130,020 of unvested stock awards) as of March 31, 2025 and December 31, 2024, respectively	9,932	9,903
Capital surplus	1,293,708	1,291,027
Retained earnings	2,318,484	2,308,581
Accumulated other comprehensive loss	(43,903)	(40,847)
Treasury stock, at cost: 20,052,361 and 19,719,796 shares as of March 31, 2025 and December 31, 2024, respectively	(693,880)	(656,807)
Total MasTec, Inc. shareholders’ equity	2,884,341	2,911,857
Non-controlling interests	70,918	75,486
Total equity	2,955,259	2,987,343
Total liabilities and equity	$ 8,861,938	$ 8,975,275