v3.25.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total MasTec, Inc. Shareholders’ Equity
Common Stock
Treasury Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Loss
Non-Controlling Interests
Beginning balance, common shares outstanding (in shares) at Dec. 31, 2023     99,093,134          
Beginning balance at Dec. 31, 2023 $ 2,721,261 $ 2,706,152 $ 9,909 $ (659,913) $ 1,263,360 $ 2,145,793 $ (52,997) $ 15,109
Beginning balance, treasury shares (in shares) at Dec. 31, 2023       (19,813,055)        
Condensed Unaudited Consolidated Statements of Equity                
Net (loss) income 9,309 (7,192)       (7,192)   16,501
Other comprehensive income (loss) 1,468 1,468         1,468  
Non-cash stock-based compensation 16,698 16,698     16,698      
Forfeiture of restricted shares, net (in shares)     (16,611)          
Forfeiture of restricted shares, net 0 0 $ (2)   2      
Shares withheld for taxes, net of other stock issuances (in shares)     (31,972)          
Shares withheld for taxes, net of other stock issuances $ (2,762) (2,762) $ (3)   (2,759)      
Acquisition of treasury stock, at cost (in shares) 0              
Distributions to non-controlling interests $ (12,632)             (12,632)
Non-controlling interests assumed related to acquisitions 765             765
Ending balance, common shares outstanding (in shares) at Jun. 30, 2024     99,044,551          
Ending balance at Jun. 30, 2024 2,734,107 2,714,364 $ 9,904 $ (659,913) 1,277,301 2,138,601 (51,529) 19,743
Ending balance, treasury shares (in shares) at Jun. 30, 2024       (19,813,055)        
Beginning balance, common shares outstanding (in shares) at Mar. 31, 2024     99,272,155          
Beginning balance at Mar. 31, 2024 2,690,024 2,674,264 $ 9,927 $ (659,913) 1,270,291 2,104,613 (50,654) 15,760
Beginning balance, treasury shares (in shares) at Mar. 31, 2024       (19,813,055)        
Condensed Unaudited Consolidated Statements of Equity                
Net (loss) income 43,768 33,988       33,988   9,780
Other comprehensive income (loss) (875) (875)         (875)  
Non-cash stock-based compensation 7,025 7,025     7,025      
Forfeiture of restricted shares, net (in shares)     (227,257)          
Forfeiture of restricted shares, net 0 0 $ (23)   23      
Shares withheld for taxes, net of other stock issuances (in shares)     (347)          
Shares withheld for taxes, net of other stock issuances (38) (38)     (38)      
Distributions to non-controlling interests (5,797)             (5,797)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2024     99,044,551          
Ending balance at Jun. 30, 2024 $ 2,734,107 2,714,364 $ 9,904 $ (659,913) 1,277,301 2,138,601 (51,529) 19,743
Ending balance, treasury shares (in shares) at Jun. 30, 2024       (19,813,055)        
Beginning balance, common shares outstanding (in shares) at Dec. 31, 2024 99,029,011   99,029,011          
Beginning balance at Dec. 31, 2024 $ 2,987,343 2,911,857 $ 9,903 $ (656,807) 1,291,027 2,308,581 (40,847) 75,486
Beginning balance, treasury shares (in shares) at Dec. 31, 2024 (19,719,796)     (19,719,796)        
Condensed Unaudited Consolidated Statements of Equity                
Net (loss) income $ 102,461 95,669       95,669   6,792
Other comprehensive income (loss) (195) 4,899         4,899 (5,094)
Non-cash stock-based compensation 16,314 16,314     16,314      
Issuance of restricted shares, net (in shares)     345,431          
Issuance of restricted shares, net 0 0 $ 34   (34)      
Shares withheld for taxes, net of other stock issuances (in shares)     (38,585)          
Shares withheld for taxes, net of other stock issuances $ (4,266) (4,266) $ (4)   (4,262)      
Acquisition of treasury stock, at cost (in shares) (702,533)     (702,533)        
Acquisition of treasury stock, at cost $ (77,326) (77,326)   $ (77,326)        
Distributions to non-controlling interests $ (9,966)             (9,966)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2025 99,335,857   99,335,857          
Ending balance at Jun. 30, 2025 $ 3,014,365 2,947,147 $ 9,933 $ (734,133) 1,303,045 2,404,250 (35,948) 67,218
Ending balance, treasury shares (in shares) at Jun. 30, 2025 (20,422,329)     (20,422,329)        
Beginning balance, common shares outstanding (in shares) at Mar. 31, 2025     99,325,262          
Beginning balance at Mar. 31, 2025 $ 2,955,259 2,884,341 $ 9,932 $ (693,880) 1,293,708 2,318,484 (43,903) 70,918
Beginning balance, treasury shares (in shares) at Mar. 31, 2025       (20,052,361)        
Condensed Unaudited Consolidated Statements of Equity                
Net (loss) income 90,133 85,766       85,766   4,367
Other comprehensive income (loss) 2,861 7,955         7,955 (5,094)
Non-cash stock-based compensation 9,371 9,371     9,371      
Issuance of restricted shares, net (in shares)     10,812          
Issuance of restricted shares, net 0 0 $ 1   (1)      
Shares withheld for taxes, net of other stock issuances (in shares)     (217)          
Shares withheld for taxes, net of other stock issuances $ (33) (33)     (33)      
Acquisition of treasury stock, at cost (in shares) (369,968)     (369,968)        
Acquisition of treasury stock, at cost $ (40,253) (40,253)   $ (40,253)        
Distributions to non-controlling interests $ (2,973)             (2,973)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2025 99,335,857   99,335,857          
Ending balance at Jun. 30, 2025 $ 3,014,365 $ 2,947,147 $ 9,933 $ (734,133) $ 1,303,045 $ 2,404,250 $ (35,948) $ 67,218
Ending balance, treasury shares (in shares) at Jun. 30, 2025 (20,422,329)     (20,422,329)