Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 606

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 606
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uted earnings per share is computed by dividing net income attributable to MasTec by the weighted average number of fully diluted shares, as calculated primarily under the treasury stock method, which includes the potential effect of dilutive common stock equivalents, such as issued but unvested restricted shares.  If the Company reports a loss, rather than income, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents if their effect would be anti-dilutive.

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The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):For the Years Ended December 31,202420232022Net income (loss) attributable to MasTec:Net income (loss) - basic (a)$162,788 $(49,949)$33,354 Fair value gain related to contingent payments (b)$— $— $1,682 Net income (loss) - diluted (a)$162,788 $(49,949)$31,672 Weighted average shares outstanding:Weighted average shares outstanding - basic (c)78,049 77,535 74,917 Dilutive common stock equivalents (d)(e)831 — 1,268 Weighted average shares outstanding - diluted78,880 77,535 76,185 (a)    Basic net income or loss is calculated as total net income or loss, less amounts attributable to non-controlling interests.  Diluted net income or loss is calculated as total net income or loss, less amounts attributable to non-controlling interests, adjusted for the fair value gain or loss, if any, related to additional contingent payments to the former owners of an acquired business for which the contingency has been resolved as of the respective period.  See Note 3 - Acquisitions, Goodwill and Other Intangible Assets, Net, for additional information.(b)    Represents the fair value gain related to additional contingent payments for the year ended December 31, 2022, the effect of which was dilutive as of December 31, 2022.  See Note 3 - Acquisitions, Goodwill and Other Intangible Assets, Net, for additional information.(c)    For the years ended December 31, 2024, 2023 and 2022, basic shares include approximately 78,000, 88,000 and 127,000 weighted average shares, respectively, related to additional contingent payments.(d)    For the