MasTec Historical Income Statement

MTZ Stock  USD 142.06  1.24  0.88%   
Historical analysis of MasTec income statement accounts such as Gross Profit of 826.2 M can show how well MasTec Inc performed in making a profits. Evaluating MasTec income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MasTec's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining MasTec Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MasTec Inc is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About MasTec Income Statement Analysis

MasTec Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MasTec shareholders. The income statement also shows MasTec investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

MasTec Income Statement Chart

At this time, MasTec's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 246.1 M in 2024, whereas Operating Income is likely to drop slightly above 147.9 M in 2024.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of MasTec Inc minus its cost of goods sold. It is profit before MasTec operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MasTec Inc. It is also known as MasTec overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from MasTec Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of MasTec Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from MasTec's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MasTec Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, MasTec's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 246.1 M in 2024, whereas Operating Income is likely to drop slightly above 147.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.1B1.2B786.8M826.2M
Total Revenue8.0B9.8B12.0B12.6B

MasTec income statement Correlations

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-0.25-0.4-0.120.52-0.160.930.320.32-0.180.090.98-0.150.73-0.340.340.920.280.5-0.180.8-0.610.52-0.320.53
-0.52-0.65-0.430.22-0.470.710.240.24-0.48-0.160.850.070.73-0.580.410.6-0.140.360.210.77-0.590.74-0.550.68
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-0.84-0.67-0.82-0.79-0.81-0.37-0.31-0.31-0.8-0.82-0.080.82-0.180.21-0.750.23-0.21-0.61-0.38-0.29-0.230.59-0.770.43
-0.18-0.33-0.110.48-0.150.830.360.36-0.170.120.84-0.290.80.77-0.290.50.780.290.46-0.29-0.480.45-0.220.48
0.480.590.480.070.5-0.44-0.34-0.340.510.35-0.640.0-0.61-0.590.59-0.21-0.57-0.16-0.06-0.23-0.48-0.680.62-0.34
-0.85-0.97-0.84-0.24-0.860.280.110.11-0.87-0.470.620.430.520.74-0.910.450.48-0.170.050.590.45-0.68-0.770.89
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-0.72-0.88-0.7-0.06-0.720.320.10.1-0.74-0.270.610.340.530.68-0.780.440.49-0.080.170.430.48-0.340.89-0.51
Click cells to compare fundamentals

MasTec Account Relationship Matchups

MasTec income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization235.5M297.8M422.8M507.1M603.2M633.3M
Interest Expense77.0M59.6M53.4M112.3M234.4M246.1M
Total Revenue7.2B6.3B8.0B9.8B12.0B12.6B
Gross Profit1.1B1.1B1.1B1.2B786.8M826.2M
Other Operating Expenses6.6B5.9B7.5B9.7B11.8B12.4B
Operating Income591.3M490.4M483.5M155.3M152.0M147.9M
Ebit591.3M730.6B483.5M155.3M80.1M76.1M
Ebitda826.8M730.9B906.3M662.5M683.3M649.1M
Cost Of Revenue6.1B5.3B6.8B8.6B11.2B11.8B
Total Operating Expenses535.0M616.9M729.8M1.1B634.8M666.5M
Income Before Tax510.9M425.2M430.1M43.1M(82.7M)(78.6M)
Total Other Income Expense Net(80.3M)(324.0M)(409.0M)(163.4M)(234.7M)(223.0M)
Net Income392.3M322.8M328.8M33.4M(49.9M)(47.5M)
Income Tax Expense116.8M102.5M99.3M9.2M(35.4M)(33.6M)
Selling General Administrative299.5M319.2M307.0M559.4M698.9M733.8M
Net Income Applicable To Common Shares392.3M322.8M328.8M33.4M38.4M36.4M
Minority Interest1.8M(149K)(1.9M)(534K)(2.4M)(2.2M)
Net Income From Continuing Ops394.1M322.7M330.7M33.9M(45.1M)(42.9M)
Non Operating Income Net Other13.3M51.6M67.2M30.2M34.7M24.8M
Tax Provision116.8M102.5M99.3M9.2M(25.0M)(23.7M)
Interest Income49.7M29.9M26.6M83.4M95.9M52.7M
Net Interest Income(77.0M)(59.6M)(53.4M)(112.3M)(224.6M)(213.4M)
Reconciled Depreciation235.5M297.8M422.8M507.1M614.0M389.4M

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