MASTEC INC

For the period ended Dec 31, 2023. Filed Mar 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 1, 2024

MTZ$180.84-4.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Equity

(in thousands, except shares)

Common Stock · Treasury Stock · Capital Surplus · Retained Earnings · Accumulated Other Comprehensive Loss · Total MasTec, Inc. Shareholders’ Equity · Non-Controlling Interests · Total Equity
Shares · Amount · Shares · Amount
Balance as of December 31, 2020	93,107,440	$9,311		(18,941,926)			$(586,955)		$837,453		$1,833,557			$(91,444)			$2,001,922			$3,603	$2,005,525
Net income								328,831			328,831			1,898			330,729
Other comprehensive income									12,668		12,668					12,668
Non-cash stock-based compensation						24,805					24,805					24,805
Issuance of restricted shares, net	305,882	31						(31)					—					—
Shares withheld for taxes, net of other stock issuances	(17,343)	(3)						(4,667)					(4,670)					(4,670)
Issuance of shares in connection with acquisition	1,975,232	198						181,484					181,682					181,682
Distributions to non-controlling interests										—			(76)			(76)
Purchase of non-controlling interests						(5,429)					(5,429)			(1,373)			(6,802)
Balance as of December 31, 2021	95,371,211	$9,537		(18,941,926)			$(586,955)		$1,033,615		$2,162,388			$(78,776)			$2,539,809			$4,052	$2,543,861
Net income								33,354			33,354			534			33,888
Other comprehensive income									27,821		27,821					27,821
Non-cash stock-based compensation						27,446					27,446					27,446
Issuance of restricted shares, net	534,909	53						(53)					—					—
Shares withheld for taxes, net of other stock issuances	(49,418)	(5)						(2,862)					(2,867)					(2,867)
Issuance of shares in connection with acquisition	2,758,403	277		133,157			4,336		188,444						193,057					193,057
Acquisition of treasury stock, at cost			(1,124,286)		(81,291)							(81,291)					(81,291)
Distributions to non-controlling interests										—			(728)			(728)
Balance as of December 31, 2022	98,615,105	$9,862		(19,933,055)			$(663,910)		$1,246,590		$2,195,742			$(50,955)			$2,737,329			$3,858	$2,741,187
Net (loss) income								(49,949)			(49,949)			2,653			(47,296)
Other comprehensive loss									(2,042)		(2,042)					(2,042)
Non-cash stock-based compensation						33,335					33,335					33,335
Issuance of restricted shares, net	592,553	59						(59)					—					—
Shares withheld for taxes, net of other stock issuances	(118,636)	(12)						(5,436)					(5,448)					(5,448)
Issuance of shares in connection with acquisition	4,112	—						403					403					403
Distributions to non-controlling interests										—			(2,818)			(2,818)
Purchase of non-controlling interests			120,000		3,997			(11,473)					(7,476)			(2,524)			(10,000)
Sale of minority interest in subsidiary										—			7,112			7,112
Acquisition-related assumption of non-controlling interest										—			6,828			6,828
Balance as of December 31, 2023	99,093,134	$9,909		(19,813,055)			$(659,913)		$1,263,360		$2,145,793			$(52,997)			$2,706,152			$15,109	$2,721,261

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.