Metasurfaces, composed of subwavelength scattering elements, have demonstrated remarkable control over the transmitted amplitude, phase, and polarization of light. However, manipulating the amplitude upon transmission has required loss if a single metasurface is used. Here, we describe high-efficiency independent manipulation of the amplitude and phase of a beam using two lossless phase-only metasurfaces separated by a distance. With this configuration, we experimentally demonstrate optical components such as combined beam-forming and splitting devices, as well as those for forming complex-valued, three-dimensional holograms. The compound meta-optic platform provides a promising approach for achieving high performance optical holographic displays and compact optical components, while exhibiting a high overall efficiency.