MasTec, Inc. (MTZ) quarterly cash flow statement — complete operating, investing & financing history
MasTec, Inc. (MTZ) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 120.32M | 98.85M | 372.74M | 88.97M | 5.65M | 78.36M | 471.7M | 277.73M | 264.45M | 107.75M | 490.7M | 294.48M | -11.54M | -86.37M | 233.63M | 117.13M | -129.98M | 131.52M | 293.98M | 149.75M |
| Operating CF Margin % | 2.75% | 2.58% | 9.46% | 2.24% | 0.16% | 2.75% | 13.86% | 8.54% | 8.93% | 4.01% | 14.96% | 9.04% | -0.4% | -3.34% | 7.77% | 4.66% | -5.65% | 6.73% | 16.25% | 6.23% |
| Operating CF Growth % | 2031.1% | 26.15% | -20.98% | -67.97% | -97.87% | -27.27% | -3.87% | -5.69% | 2391.78% | 224.75% | 110.04% | 151.41% | 91.12% | -165.67% | -20.53% | -21.79% | -241.01% | -48.86% | 30.78% | -30.65% |
| Net Income | 215.4M | 69.66M | 114.79M | 166.5M | 90.13M | 12.33M | 74.74M | 105.41M | 33.99M | -41.18M | 753K | 15.3M | 16.75M | -80.55M | 3.37M | 49.22M | 16.25M | -34.96M | 76.39M | 112.46M |
| Depreciation & Amortization | 245.51M | 121.89M | 320.34M | 104.56M | 102.62M | 108.86M | 115.18M | 114.56M | 135.75M | 141.13M | 151.59M | 157.3M | 145.08M | 149.19M | 162.42M | 119.27M | 114.67M | 110.78M | 106.17M | 118.72M |
| Stock-Based Compensation | 19.75M | 8.25M | 23.26M | 9.31M | 9.37M | 6.94M | 8.63M | 7.35M | 7.03M | 9.67M | 9M | 7.25M | 8.57M | 8.52M | 8.58M | 5.7M | 6.84M | 6.34M | 7.13M | 6.07M |
| Deferred Taxes | -5.76M | -1.45M | -39.84M | 110.25M | -12.61M | -13.62M | -24.09M | 54.97M | -21.18M | -44.14M | -63.08M | -35.23M | -11.69M | -30.86M | 18.84M | -15.48M | 4.54M | 1.65M | 51.49M | 2.03M |
| Other Non-Cash Items | -21.71M | 45.56M | -125.4M | -8.76M | -7.92M | -15.85M | 175K | -16.41M | 9.15M | 9.77M | -2.62M | -7.34M | -12.97M | -14.02M | -22.45M | -17.15M | -10.6M | -9.42M | -38.45M | -13.05M |
| Working Capital Changes | -332.87M | -145.06M | 79.59M | -292.9M | -175.96M | -20.3M | 297.07M | 11.85M | 99.71M | 32.5M | 395.06M | 157.21M | -157.29M | -118.65M | 62.87M | -24.43M | -261.69M | 57.13M | 91.24M | -76.48M |
| Change in Receivables | -143.61M | 4.81M | 170.89M | -476.58M | -358.45M | 76.72M | 174.53M | -316.87M | 21.09M | 246.72M | 353.61M | -203.49M | -187.37M | 50.08M | 107.06M | -40.64M | -287.6M | 121.65M | 367.51M | -92.38M |
| Change in Inventory | 182K | -4.77M | 4.82M | -3.49M | -4.67M | 634K | 7.6M | 8.63M | 4.2M | 5.91M | 8.45M | 20.88M | 9.37M | -5.67M | 15.61M | -16.29M | -10.86M | -8.98M | -1.82M | 6.8M |
| Change in Payables | 198.51M | 55.27M | -65.5M | 175.51M | 254.74M | -114.22M | 39.41M | 111.74M | 2.91M | -315.79M | 61.14M | 0 | 0 | -212.71M | 0 | 194.1M | 0 | 14.54M | 0 | 552K |
| Cash from Investing | -425.91M | -336M | -111.92M | -68.67M | -51.75M | -34.91M | -76.69M | -56.33M | -17.24M | -19.87M | -9.2M | -30.22M | -51.97M | -89.49M | -579.49M | -21.67M | -118.66M | -101.36M | -640.48M | -40.58M |
| Capital Expenditures | -188.31M | -96.77M | -80.22M | -68.69M | -63.81M | -47.26M | -48.32M | -43.63M | -31.5M | -25.41M | -35.57M | -38.3M | -55.72M | -63.35M | -50.03M | -23.45M | -106.68M | -83.19M | -37.72M | -35.32M |
| CapEx % of Revenue | 4.31% | 2.53% | 2.04% | 1.73% | 1.8% | 1.66% | 1.42% | 1.34% | 1.06% | 0.95% | 1.08% | 1.18% | 1.94% | 2.45% | 1.66% | 0.93% | 4.63% | 4.26% | 2.08% | 1.47% |
| Acquisitions | -266.85M | -266.85M | -46.56M | -17.23M | -2.52M | -4.73M | -46.12M | -33.75M | 14.43M | 3.95M | 24.79M | -4.94M | -17.37M | -46.51M | -563.92M | -26.93M | -23.07M | -21.84M | -639.7M | -15.85M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 16.89M | 11.26M | 14.77M | 17.25M | 14.58M | 14.44M | 17.96M | 19.25M | 651K | 1.65M | 94.14M | 13.29M | 22.54M | 20.15M | 34.32M | 29.47M | 13.09M | 4.63M | 39.82M | -1M |
| Cash from Financing | 225.32M | 114.85M | -96.4M | 20.23M | -109.58M | -97.69M | -173.72M | -337.44M | -198.46M | -367.99M | -166.59M | -169.43M | 41.29M | -53.44M | 620.38M | -136.49M | 155.03M | -158.02M | 467.48M | -106.37M |
| Debt Issued (Net) | 279.84M | 142.75M | -59.47M | 47.58M | -42.1M | -51.48M | -148.53M | -283.31M | -189.42M | -360.63M | -166.6M | -154.16M | 51.64M | -30.23M | 625.23M | -113.03M | 253.38M | -123.18M | 460.98M | -105.33M |
| Equity Issued (Net) | 0 | -18.26M | 0 | 0 | -50.48M | -26.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -67.5M | -13.79M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -50.48M | -26.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -67.5M | -13.79M | 0 | 0 |
| Other Financing | -54.52M | -9.65M | -36.93M | -27.35M | -17M | -19.37M | -25.19M | -54.13M | -9.04M | -7.36M | 11K | -15.27M | -10.35M | -23.21M | -4.86M | -23.46M | -30.84M | -21.04M | 6.5M | -1.04M |
| Net Change in Cash | -80.39M | -122.36M | 164.61M | 40.37M | -154.7M | -54.15M | 218.68M | -116.36M | 48.26M | -280.24M | 315.39M | 94.27M | -21.66M | -229.03M | 274.92M | -43.25M | -94.2M | -127.6M | 120.81M | 2.65M |
| Free Cash Flow | -67.99M | 2.09M | 292.52M | 20.28M | -58.17M | 31.1M | 423.38M | 234.1M | 232.95M | 82.34M | 455.13M | 256.18M | -67.26M | -149.72M | 183.6M | 93.67M | -236.66M | 48.33M | 256.26M | 114.44M |
| FCF Margin % | -1.55% | 0.05% | 7.42% | 0.51% | -1.64% | 1.09% | 12.44% | 7.2% | 7.87% | 3.06% | 13.88% | 7.87% | -2.34% | -5.79% | 6.1% | 3.73% | -10.28% | 2.47% | 14.16% | 4.76% |
| FCF Growth % | -16.89% | -93.29% | -30.91% | -91.34% | -124.97% | -62.23% | -6.98% | -8.62% | 446.34% | 155% | 147.9% | 173.48% | 71.58% | -409.8% | -28.35% | -18.14% | -647.73% | -76.89% | 31.57% | -30.64% |
| FCF per Share | -0.86 | 0.03 | 3.72 | 0.26 | -0.74 | 0.39 | 5.36 | 2.97 | 2.95 | 1.06 | 5.81 | 3.27 | -0.86 | -1.94 | 2.36 | 1.25 | -3.13 | 0.65 | 3.46 | 1.55 |
| FCF Conversion (FCF/Net Income) | 0.92x | 1.42x | 2.61x | 0.55x | 0.07x | 7.91x | 6.31x | 2.92x | 7.78x | -2.62x | 651.67x | 20.60x | -0.74x | 1.07x | 72.46x | 2.40x | -8.02x | -3.76x | 3.84x | 1.35x |
| Interest Paid | 0 | 0 | 0 | 43.22M | 0 | 0 | 44.37M | 46.35M | 0 | 0 | 0 | 75.38M | 52.52M | 59.44M | 0 | 0 | 11.33M | 23.18M | 12.68M | 20.73M |
| Taxes Paid | 0 | 0 | 0 | 2.71M | 0 | 0 | -437K | 437K | 0 | 0 | 0 | 1.08M | 13.01M | 939K | 0 | 0 | 564K | 740K | 6.39M | 1.54M |