Equity

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Equity

Equity

Share Activity

The Company’s share repurchase programs provide for the repurchase of shares of MasTec common stock from time to time in open market transactions or in privately negotiated transactions in accordance with applicable securities laws. There were no share repurchases under the Company’s share repurchase programs in either of the three or six month periods ended June 30, 2021. During the six month period ended June 30, 2020, the Company repurchased 3.6 million shares of its common stock for an aggregate purchase price totaling approximately $120.2 million, of which $0.8 million was repurchased during the second quarter. As of June 30, 2021, $158.6 million was available for future share repurchases under all of the Company’s open share repurchase programs, which included $8.6 million under the Company’s December 2018 share repurchase program, and the full amount of the Company’s March 2020 $150 million share repurchase program.

Accumulated Other Comprehensive Loss

Unrealized foreign currency translation activity, net, for each of the three and six month periods ended June 30, 2021 and 2020 relates to the Company’s operations in Canada and Mexico. For the three month period ended June 30, 2021, unrealized investment activity includes unrealized losses on the interest rate swaps associated with the Waha JVs, offset, in part, by unrealized gains on the AVCT convertible debentures. For the six month period ended June 30, 2021, unrealized investment activity includes unrealized gains on both the interest rate swaps associated with the Waha JVs and on the Company’s investment in AVCT convertible debentures. For the three and six month periods ended June 30, 2020, unrealized losses on investment activity related to the Waha JV swaps. See Note 4 - Fair Value of Financial Instruments for additional information pertaining to the Waha JV swaps and AVCT convertible debentures.