MasTec — Oct 31, 2024 release

    For the Year Ended December 31, 2023     For the Year Ended December 31, 2022   Adjusted Net Income Reconciliation        Net income (loss)    $ 187     $ (47.3 )    $ 33.9   Adjustments:        Non-cash stock-based compensation expense      32       33.3       27.4   Amortization of intangible assets      137       169.2       135.9   Loss on extinguishment of debt      11       —        —    Acquisition and integration costs      —        71.9       86.0   Losses on fair value of investment      —        0.2       7.7   Project results from non-controlled joint venture      —        —        (2.8 )  Bargain purchase gain      —        —        (0.2 )                           Total adjustments, pre-tax    $ 180     $ 274.7     $ 254.1   Income tax effect of adjustments (a)      (40 )      (75.3 )      (58.6 )  Statutory and other tax rate effects (b)      —        4.6       5.5                            Adjusted net income    $ 327     $ 156.7     $ 234.8   Net income attributable to non-controlling interests      31       2.7       0.5                            Adjusted net income attributable to MasTec, Inc.    $ 296     $ 154.0     $ 234.3                                   Guidance for the Year Ended December 31, 2024 Est.     For the Year Ended December 31, 2023     For the Year Ended December 31, 2022   Adjusted Diluted Earnings per Share Reconciliation        Diluted earnings (loss) per share    $ 1.98     $ (0.64 )    $ 0.42   Adjustments:        Non-cash stock-based compensation expense      0.41       0.43       0.36   Amortization of intangible assets      1.73       2.16       1.78   Loss on extinguishment of debt      0.14       —        —    Acquisition and integration costs      —        0.92       1.13   Losses on fair value of investment      —        0.00       0.10   Project results from non-controlled joint venture      —        —        (0.04 )  Bargain purchase gain      —        —        (0.