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MasTec Cash Flow Statement

Operating, investing, and financing cash movements

MasTec generated $566.2M in operating cash flow over the trailing twelve months. After $309.5M in capital expenditures, free cash flow was $256.7M. Free cash flow decreased 0.7% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$566.2MNet Cash From Investing (TTM)-$568.3MNet Cash From Financing (TTM)-$91.1MCapital Expenditures (TTM)$309.5MNet Change In Cash (TTM)$107.8M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$28.3B
P/E Ratio62.95
ROE14.53%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$46.1M$4.7M$2.5M$17.2M$46.6M$266.9M
Capital expenditures$48.3M$47.3M$63.8M$68.7M$80.2M$96.8M
Payment for (Proceeds from) Other Investing Activity-$953K-$582K-$1.8M-$1.6M-$806K-$1.5M
Proceeds from disposals of property, plant and equipment$17M$13.9M$12.8M$15.7M$14M$9.8M
Net cash from investing activities-$76.7M-$34.9M-$51.7M-$68.7M-$111.9M-$336M
Other investing activities-$953K-$582K-$1.8M-$1.6M-$806K-$1.5M
Proceeds from maturities/sales of investments$0$2.7M——$1.1M$16.4M
Proceeds from sale of property, plant and equipment$17M$13.9M$12.8M$15.7M$14M$9.8M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$1.4M$1.2M$1.3M$1.2M$1M$384K
Change in accounts payable—-$114.2M$254.7M$175.5M—$55.3M
Change in accounts receivable-$78.7M-$37.3M$78.4M$263.7M—-$4.8M
Change in deferred revenue$23M$30.7M-$68.2M—-$2M$28.1M
Change in inventories-$7.6M-$634K$4.7M$3.5M—$4.8M
Change in other assets—$17.7M$0$37.9M$9.7M-$51.2M
Change in other liabilities$80.3M$3.6M$582K$17.3M—$22.1M
Other working capital changes-$2.7M$717K-$588K-$1.2M-$1.6M$1.1M
Deferred income taxes-$24.1M-$13.6M-$12.6M$110.3M$31.1M-$1.5M
Net cash from operating activities$471.7M$78.4M$5.6M$89M$372.7M$98.9M
Net income$84.7M$12.3M$90.1M$166.5M$153.1M$69.7M
Non-cash interest expense$1.4M$1.2M$1.3M$1.2M$1M$384K
Amortization of intangible assets$38.2M$32.6M$32.7M$32.7M$33.1M$38.6M
Depreciation$77M$76.2M$69.9M$71.8M$77.9M$83.3M
Equity Method Investments, Impairment—$0———-$7.9M
Gain (Loss) on Sale of Assets and Asset Impairment Charges$5.9M$6M$2.8M$4.6M$5M$3.8M
Income (Loss) From Equity Method Investments, Net Of Impairment—$10.3M———$4.3M
Increase (Decrease) in Contract with Customer, Asset-$95.8M-$39.5M$280.1M$212.9M$0$255.2M
Increase (Decrease) in Other Operating Assets—$17.7M$0$37.9M$9.7M-$51.2M
Other Noncash Income (Expense)-$2.7M$717K-$588K-$1.2M-$1.6M$1.1M
Stock-based compensation$8.6M$6.9M$9.4M$9.3M$8.4M$8.3M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$5B$528.1M-$528.1M$0$5.5B$1.2B
Distributions to noncontrolling interests-$9.4M-$7M-$3M-$8.2M-$6.3M-$4.9M
Finance Lease, Principal Payments$40.7M$39.9M$37.8M$48.9M$34.5M$43.8M
Other, net-$3.2M-$7.3M-$2.4M-$13.5M-$5.2M-$4.8M
Proceeds From Payments To Minority Shareholders-$9.4M-$7M-$3M-$8.2M-$6.3M-$4.9M
Repayments of Long-Term Lines of Credit$1.1B$528.1M$2.4B$1.4B$1.2B$1.2B
Net cash from financing activities-$173.7M-$97.7M-$109.6M$0-$96.4M$114.9M
Other financing activities$87K$302K$11.6M$5.6M$24.7M$0
Payments for finance leases$40.7M$39.9M$37.8M$48.9M$34.5M$43.8M
Repurchases of common stock$0$26.8M$50.5M——$0
Taxes paid for net share settlement$145K$4.8M$34K$34K$781K$18.3M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$423.4M$31.1M-$58.2M$20.3M$292.5M$2.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$2.6M$80K$985K—$189K-$61K
Net increase (decrease) in cash—-$54.2M-$154.7M——-$122.4M
Proceeds From Long Term Lines Of Credit$996.1M$516.5M$2.4B$1.5B$1.2B$1.4B
Additions to property and equipment from finance leases and other financing arrangements$50.9M$64.1M$68.1M$55.4M$41.9M$58.7M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$0-$2.1M$36M$2.7M$7.8M-$16.5M
Interest paid$44.4M$45M$42.8M$43.2M$45.4M$44.2M
Income Taxes Paid, Net$0-$2.1M$36M$2.7M$7.8M-$16.5M