MASTEC INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 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 exhibitsContents
Consolidated Statements of Equity
(unaudited - 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 June 30, 2024 | 99,044,551 | $9,904 | (19,813,055) | $(659,913) | $1,277,301 | $2,138,601 | $(51,529) | $2,714,364 | $19,743 | $2,734,107 | ||||||
| Net income | 95,240 | 95,240 | 10,170 | 105,410 | ||||||||||||
| Other comprehensive loss | (7,247) | (7,247) | (7,247) | |||||||||||||
| Non-cash stock-based compensation | 7,348 | 7,348 | 7,348 | |||||||||||||
| Forfeiture of restricted shares, net | (13,844) | (1) | 1 | — | — | |||||||||||
| Shares withheld for taxes, net of other stock issuances | (361) | — | (39) | (39) | (39) | |||||||||||
| Distributions to non-controlling interests | — | (10,867) | (10,867) | |||||||||||||
| Balance as of September 30, 2024 | 99,030,346 | $9,903 | (19,813,055) | $(659,913) | $1,284,611 | $2,233,841 | $(58,776) | $2,809,666 | $19,046 | $2,828,712 | ||||||
| Balance as of June 30, 2023 | 98,674,249 | $9,867 | (19,813,055) | $(659,913) | $1,247,231 | $2,130,744 | $(48,877) | $2,679,052 | $9,368 | $2,688,420 | ||||||
| Net income | 14,296 | 14,296 | 1,009 | 15,305 | ||||||||||||
| Other comprehensive income | 2,786 | 2,786 | 2,786 | |||||||||||||
| Non-cash stock-based compensation | 7,246 | 7,246 | 7,246 | |||||||||||||
| Forfeiture of restricted shares, net | (35,183) | (3) | 3 | — | — | |||||||||||
| Shares withheld for taxes, net of other stock issuances | (393) | — | (36) | (36) | (36) | |||||||||||
| Balance as of September 30, 2023 | 98,638,673 | $9,864 | (19,813,055) | $(659,913) | $1,254,444 | $2,145,040 | $(46,091) | $2,703,344 | $10,377 | $2,713,721 | ||||||
CONSOLIDATED STATEMENTS OF EQUITY
(unaudited - 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, 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 | |||||||||
| Net income | 88,048 | 88,048 | 26,671 | 114,719 | |||||||||||||||
| Other comprehensive loss | (5,779) | (5,779) | (5,779) | ||||||||||||||||
| Non-cash stock-based compensation | 24,046 | 24,046 | 24,046 | ||||||||||||||||
| Forfeiture of restricted shares, net | (30,455) | (3) | 3 | — | — | ||||||||||||||
| Shares withheld for taxes, net of other stock issuances | (32,333) | (3) | (2,798) | (2,801) | (2,801) | ||||||||||||||
| Distributions to non-controlling interests | — | (23,499) | (23,499) | ||||||||||||||||
| Acquisition-related assumption of non-controlling interest | — | 765 | 765 | ||||||||||||||||
| Balance as of September 30, 2024 | 99,030,346 | $9,903 | (19,813,055) | $(659,913) | $1,284,611 | $2,233,841 | $(58,776) | $2,809,666 | $19,046 | $2,828,712 | |||||||||
| 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 | (50,702) | (50,702) | 2,215 | (48,487) | |||||||||||||||
| Other comprehensive income | 4,864 | 4,864 | 4,864 | ||||||||||||||||
| Non-cash stock-based compensation | 24,336 | 24,336 | 24,336 | ||||||||||||||||
| Issuance of restricted shares, net | 137,406 | 14 | (14) | — | — | ||||||||||||||
| Shares withheld for taxes, net of other stock issuances | (117,950) | (12) | (5,398) | (5,410) | (5,410) | ||||||||||||||
| Issuance of shares in connection with acquisition | 4,112 | — | 403 | 403 | 403 | ||||||||||||||
| Purchase of non-controlling interests | 120,000 | 3,997 | (11,473) | (7,476) | (2,524) | (10,000) | |||||||||||||
| Acquisition-related assumption of non-controlling interest | — | 6,828 | 6,828 | ||||||||||||||||
| Balance as of September 30, 2023 | 98,638,673 | $9,864 | (19,813,055) | $(659,913) | $1,254,444 | $2,145,040 | $(46,091) | $2,703,344 | $10,377 | $2,713,721 | |||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.