Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 3

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
296,840 and 1,130,020 of unvested stock awards) as of March 31, 2025 and December 31, 2024, respectively9,932 9,903 Capital surplus1,293,708 1,291,027 Retained earnings2,318,484 2,308,581 Accumulated other comprehensive loss(43,903)(40,847)Treasury stock, at cost: 20,052,361 and 19,719,796 shares as of  March 31, 2025 and December 31, 2024, respectively(693,880)(656,807)Total MasTec, Inc. shareholders’ equity$2,884,341 $2,911,857 Non-controlling interests$70,918 $75,486 Total equity$2,955,259 $2,987,343 Total liabilities and equity$8,861,938 $8,975,275 

The accompanying notes are an integral part of these consolidated financial statements.

5

MASTEC, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(unaudited - in thousands, except shares)

Common StockTreasury StockCapital SurplusRetained EarningsAccumulated Other Comprehensive LossTotal MasTec, Inc. Shareholders’ EquityNon-Controlling InterestsTotal Equity   SharesAmountSharesAmountThree Months Ended March 31, 2025Balance as of December 31, 202499,029,011 $9,903 (19,719,796)$(656,807)$1,291,027 $2,308,581 $(40,847)$2,911,857 $75,486 $2,987,343 Net income9,903 9,903 2,424 12,327 Other comprehensive loss(3,056)(3,056)— (3,056)Non-cash stock-based compensation6,943 6,943 6,943 Issuance of restricted shares, net334,619 33 (33)— — Shares withheld for taxes, net of other stock issuances(38,368)(4)(4,229)(4,233)(4,233)Acquisition of treasury stock, at cost(332,565)(37,073)(37,073)(37,073)Distributions to non-controlling interests, net—