Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 345

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 6
Chunk 345
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)— — Shares withheld for taxes, net of other stock issuances(118,636)(12)(5,436)(5,448)(5,448)Issuance of shares in connection with acquisition4,112 — — — 403 403 403 Distributions to non-controlling interests— (2,818)(2,818)Purchase of non-controlling interests120,000 3,997 (11,473)(7,476)(2,524)(10,000)Sale of minority interest in subsidiary— 7,112 7,112 Non-controlling interests assumed related to acquisitions— 6,828 6,828 Balance as of December 31, 202399,093,134 $9,909 (19,813,055)$(659,913)$1,263,360 $2,145,793 $(52,997)$2,706,152 $15,109 $2,721,261 Net income162,788 162,788 36,633 199,421 Other comprehensive loss(2,600)(2,600)(2,600)Non-cash stock-based compensation32,672 32,672 32,672 Forfeiture of restricted shares, net(30,672)(3)3 — — Shares withheld for taxes, net of other stock issuances(33,451)(3)(2,943)(2,946)(2,946)Issuance of shares in connection with acquisition— — 93,259 3,106 10,093 13,199 13,199 Distributions to non-controlling interests— (32,943)(32,943)Consideration transferred in a foreign subsidiary(12,158)14,750 2,592 17,500 20,092 Non-controlling interests assumed related to acquisitions— 39,187 39,187 Balance 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 

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

59

MASTEC, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS