Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 879

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 879
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5 $2,332.2 $2,378.6 Clean Energy and Infrastructure2,706.4 2,978.8 2,979.9 Power Delivery1,915.2 1,837.1 1,967.9 Pipeline Infrastructure1,599.7 1,758.0 1,544.2 Other318.2 305.0 297.3 Corporate187.3 162.4 125.4 Consolidated assets$8,975.3 $9,373.5 $9,293.3 For the Years Ended December 31,Capital Expenditures:202420232022Communications$21.7 $29.5 $87.1 Clean Energy and Infrastructure27.0 30.9 35.8 Power Delivery67.8 50.8 83.4 Pipeline Infrastructure27.5 76.0 49.0 Other— — — Corporate4.9 5.7 8.0 Consolidated capital expenditures$148.9 $192.9 $263.4 Foreign Operations.  MasTec operates primarily within the United States and Canada, and, to a far lesser extent, the Caribbean, India and Mexico.  Revenue derived from foreign operations totaled $93.3 million, $95.1 million and $149.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.  Revenue from foreign operations was derived primarily from the Company’s Canadian operations in its Pipeline Infrastructure segment.  As of December 31, 2024, 2023 and 2022, long-lived assets held by the Company’s businesses in foreign countries included property and equipment, net, of $25.3 million, $17.5 million and $21.0 million, respectively, and intangible assets and goodwill, net, of $108.8 million, $32.6 million and $35.5 million, for the respective periods.  Substantially all of the Company’s long-lived and intangible assets and goodwill in foreign countries relate to its Canadian operations.  As of each of December 31, 2024, 2023 and 2022, amounts due from customers from which foreign revenue was derived accounted for approximately 1% of the Company’s consolidated net accounts receivable position, which