MASTEC INC
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
MTZ$180.84-4.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $11,995,934 | $9,778,038 | $7,951,781 |
| Costs of revenue, excluding depreciation and amortization | 10,613,762 | 8,586,333 | 6,805,735 |
| Depreciation | 433,929 | 371,240 | 345,612 |
| Amortization of intangible assets | 169,233 | 135,908 | 77,214 |
| General and administrative expenses | 698,899 | 559,437 | 306,970 |
| Interest expense, net | 234,405 | 112,255 | 53,413 |
| Equity in earnings of unconsolidated affiliates, net | (30,697) | (28,836) | (33,830) |
| Other income, net | (40,893) | (1,358) | (33,408) |
| (Loss) income before income taxes | $(82,704) | $43,059 | $430,075 |
| Benefit from (provision for) income taxes | 35,408 | (9,171) | (99,346) |
| Net (loss) income | $(47,296) | $33,888 | $330,729 |
| Net income attributable to non-controlling interests | 2,653 | 534 | 1,898 |
| Net (loss) income attributable to MasTec, Inc. | $(49,949) | $33,354 | $328,831 |
| (Loss) earnings per share (Note 2): | |||
| Basic (loss) earnings per share | $(0.64) | $0.45 | $4.54 |
| Basic weighted average common shares outstanding | 77,535 | 74,917 | 72,499 |
| Diluted (loss) earnings per share | $(0.64) | $0.42 | $4.45 |
| Diluted weighted average common shares outstanding | 77,535 | 76,185 | 73,941 |
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