MasTec, Inc.
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $150.6M | $130.1M | $60.8M | $142.7M | $160.7M | $85.8M | $9.9M | $74.7M |
| Depreciation & Amortization | $169.1M | $123.6M | $121.9M | $111.0M | $104.6M | $102.6M | $108.9M | $115.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $75.3M | $37.5M | $38.6M | $33.2M | $32.7M | $32.7M | $32.6M | $38.2M |
| Stock-Based Compensation | $11.3M | $11.5M | $8.3M | $8.4M | $9.3M | $9.4M | $6.9M | $8.6M |
| Net Cash from Operating Activities | $267.5M | $21.5M | $98.9M | $372.7M | $89.0M | $5.6M | $78.4M | $471.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $87.3M | $91.5M | $96.8M | $80.2M | $68.7M | $63.8M | $47.3M | $48.3M |
| Business Acquisitions | $1.37B | $0 | $266.9M | $46.6M | $17.2M | $2.5M | $4.7M | $46.1M |
| Net Cash from Investing Activities | $-1.43B | $-89.9M | $-336.0M | $-111.9M | $-68.7M | $-51.7M | $-34.9M | $-76.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $50.5M | $26.8M | $0 |
| Net Cash from Financing Activities | $1.33B | $110.5M | $114.9M | $-96.4M | $20.2M | $-109.6M | $-97.7M | $-173.7M |
| Net Change in Cash | $166.2M | $42.0M | $-122.4M | $164.6M | $40.4M | $-154.7M | $-54.2M | $218.7M |
| Free Cash Flow | $180.1M | $-70.1M | $2.1M | $292.5M | $20.3M | $-58.2M | $31.1M | $423.4M |