Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1973

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 3
Chunk 1973
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5,987,932 $6,652,250 Commitments and contingencies (Note 14)EquityPreferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none$— $— Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 99,029,011 and 99,093,134 (including 1,130,020 and 1,504,996 of unvested stock awards) as of December 31, 2024 and 2023, respectively9,903 9,909 Capital surplus1,291,027 1,263,360 Retained earnings2,308,581 2,145,793 Accumulated other comprehensive loss(40,847)(52,997)Treasury stock, at cost: 19,719,796 and 19,813,055 shares as of December 31, 2024 and 2023, respectively(656,807)(659,913)Total MasTec, Inc. shareholders’ equity$2,911,857 $2,706,152 Non-controlling interests$75,486 $15,109 Total equity$2,987,343 $2,721,261 Total liabilities and equity$8,975,275 $9,373,511 

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

58

MASTEC, INC.

CONSOLIDATED STATEMENTS OF EQUITY 

(in thousands, except shares)

Common StockTreasury StockCapital SurplusRetained EarningsAccumulated Other Comprehensive LossTotal MasTec, Inc. Shareholders’ EquityNon-Controlling InterestsTotal Equity  SharesAmountSharesAmountBalance as of December 31, 202195,371,211 $9,537 (18,941,926)$(586,955)$1,033,615 $2,162,388 $(78,776)$2,539,809 $4,052 $2,543,861 Net income33,354 33,354 534 33,888 Other comprehensive income27,821 27,821 27,821 Non-cash stock-based compensation27,446 27,446 27,446 Issuance of restricted shares, net534,909 53 (53