Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 5

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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, net of other stock issuances(347)— (38)(38)(38)Distributions to non-controlling interests— (5,797)(5,797)Balance as of June 30, 202499,044,551 $9,904 (19,813,055)$(659,913)$1,277,301 $2,138,601 $(51,529)$2,714,364 $19,743 $2,734,107 

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

6

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   SharesAmountSharesAmountSix Months Ended June 30, 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 income95,669 95,669 6,792 102,461 Other comprehensive income (loss)4,899 4,899 (5,094)(195)Non-cash stock-based compensation16,314 16,314 16,314 Issuance of restricted shares, net345,431 34 (34)— — Shares withheld for taxes, net of other stock issuances(38,585)(4)(4,262)(4,266)(4,266)Acquisition of treasury stock, at cost(702,533)(77,326)(77,326)(77,326)Distributions to non-controlling interests, net— (9,966)(9,966)Balance as of June 30, 202599,335,857 $9,933 (20,422,329)$(734,133)$1,303,045 $2,404,250 $(35,948)$2,947,147 $67,218 $3,014,365 Six Months Ended June 30, 2024Balance as of December 31, 202399,093,134 $