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MASTEC INC (MTZ)

Income Statement Business | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Oil and Gas  1,219.62,540.51,789.83,117.23,288.73,497.22,024.41,495.1
    Communications  3,233.72,551.12,512.22,618.82,556.82,424.42,323.61,973.2
    Power Generation and Industrial       299.9405.7381.6
    Electrical Transmission      397.3378.2383.8341.5
    Other  5,324.72,860.22,019.01,447.2666.67.3 16.9
Total revenues  9,778.07,951.86,321.07,183.26,909.46,607.05,134.74,208.3
            Revenue growth   [+]23.0%25.8%-12.0%4.0%4.6%28.7%22.0%-8.7%
Cost of goods sold  135.977.238.923.020.60.04,442.13,721.3
Gross profit  9,642.17,874.66,282.17,160.26,888.86,607.0692.6487.0
            Gross margin  98.6%99.0%99.4%99.7%99.7%100.0%13.5%11.6%
Selling, general and administrative   [+]559.4307.0303.0286.4287.3275.1261.4265.9
Equity in earnings  28.833.829.727.423.921.33.5-8.0
Adjusted EBITDA  552.6820.5748.7847.4699.6649.5449.7225.5
            Adjusted EBITDA margin  5.7%10.3%11.8%11.8%10.1%9.8%8.8%5.4%
Stock-based compensation  27.424.821.916.413.515.715.112.4
EBITDA   [+]525.2795.7726.8831.0686.1633.9434.7213.1
            EBITDA margin  5.4%10.0%11.5%11.6%9.9%9.6%8.5%5.1%
Depreciation  235.3268.4258.8212.5192.3167.1143.6141.3
EBITA  289.9527.3468.0618.5493.8466.7291.171.9
            EBITA margin  3.0%6.6%7.4%8.6%7.1%7.1%5.7%1.7%
Amortization of intangibles  135.977.2   20.921.328.4
EBIT   [+]154.0450.1468.0618.5493.8445.8269.843.5
            EBIT margin  1.6%5.7%7.4%8.6%7.1%6.7%5.3%1.0%
Non-recurring items   [+]   3.347.7  78.6
Interest expense  112.353.459.677.082.661.050.748.1
Other income (expense), net   [+]1.433.416.8-27.21.8-13.06.815.5
Pre-tax income  43.1430.1425.2510.9365.3371.8225.8-67.7
Income taxes  9.299.3102.5116.8106.122.991.812.0
            Tax rate  21.3%23.1%24.1%22.9%29.0%6.2%40.6% 
Minority interest  0.51.9-0.11.8-0.41.72.8-0.6
Net income  33.4328.8322.8392.3259.7347.2131.3-79.1
            Net margin  0.3%4.1%5.1%5.5%3.8%5.3%2.6%-1.9%
   
Basic EPS   [+]$0.45$4.54$4.43$5.22$3.30$4.29$1.63($0.98)
Diluted EPS   [+]$0.44$4.45$4.38$5.17$3.26$4.22$1.61($0.98)
   
Shares outstanding (basic)   [+]74.972.572.875.278.780.980.480.5
Shares outstanding (diluted)   [+]76.273.973.775.879.882.381.480.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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