Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 40

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 2
Chunk 40
---
169.2 135.9 Loss on extinguishment of debt11.3 — — Changes in fair value of acquisition-related contingent items10.7 (13.9)(3.4)Acquisition and integration costs— 71.9 86.0 Losses, net, on fair value of investment— 0.2 7.7 Project results from non-controlled joint venture— — (2.8)Bargain purchase gain— — (0.2)Total adjustments, pre-tax$194.6 $260.8 $250.7 Income tax effect of adjustments (a)(44.8)(74.0)(58.6)Statutory and other tax rate effects (b)(0.9)4.6 5.5 Adjusted net income$348.3 $144.1 $231.4 Net income attributable to non-controlling interests36.6 2.7 0.5 Adjusted net income attributable to MasTec, Inc.$311.7 $141.4 $230.9 

For the Years Ended December 31,202420232022Diluted earnings (loss) per share$2.06 $(0.64)$0.42 Adjustments:Non-cash stock-based compensation expense0.41 0.43 0.36 Amortization of intangible assets1.77 2.16 1.78 Loss on extinguishment of debt0.14 — — Changes in fair value of acquisition-related contingent items0.14 (0.18)(0.04)Acquisition and integration costs— 0.92 1.13 Losses, net, on fair value of investment— 0.00 0.10 Project results from non-controlled joint venture— — (0.04)Bargain purchase gain— — (0.00)Total adjustments, pre-tax$2.47 $3.33 $3.29 Income tax effect of adjustments (a)(0.57)(0.94)(0.77)Statutory and other tax rate effects (b)(0.01)0.06 0.07 Adjusted diluted earnings per share$3.95 $1.81 $3.01 

(a)    Represents the tax effects of the adjusted items that are subject to