Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 2324

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 6
Chunk 2324
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(9,171)Net income (loss)$199,421 $(47,296)$33,888 Net income attributable to non-controlling interests36,633 2,653 534 Net income (loss) attributable to MasTec, Inc.$162,788 $(49,949)$33,354 Earnings (loss) per share (Note 2):Basic earnings (loss) per share$2.09 $(0.64)$0.45 Basic weighted average common shares outstanding78,049 77,535 74,917 Diluted earnings (loss) per share$2.06 $(0.64)$0.42 Diluted weighted average common shares outstanding78,880 77,535 76,185 

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

56

MASTEC, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in thousands)

For the Years Ended December 31,202420232022Net income (loss)$199,421 $(47,296)$33,888 Other comprehensive (loss) income:Foreign currency translation (losses) gains, net of tax(2,949)1,695 (3,089)Unrealized gains (losses) on investment activity, net of tax349 (3,737)30,910 Comprehensive income (loss)$196,821 $(49,338)$61,709 Comprehensive income attributable to non-controlling interests36,633 2,653 534 Comprehensive income (loss) attributable to MasTec, Inc.$160,188 $(51,991)$61,175 

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

57

MASTEC, INC.

CONSOLIDATED BALANCE SHEETS

 (in thousands, except share information)

As of December 31,20242023AssetsCurrent assets:Cash and cash equivalents$399,903 $529,561 Accounts receivable, net of allowance1,381,462 1,370,074 Contract assets1,555,807 1,756,381 Inventories, net107,345 108,146 Prepaid expenses118,888 105,880 Other current assets89,125 104,211 Total current assets$3,652,530 $3,974,253 Property and equipment, net1