Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 432

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 11
Chunk 432
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)Communications$1,824.7 $1,673.8 Clean Energy and Infrastructure2,543.7 2,706.4 Power Delivery2,566.5 2,489.9 Pipeline Infrastructure1,710.1 1,599.7 Other318.0 318.2 Corporate169.2 187.3 Consolidated assets$9,132.2 $8,975.3 (a)    Recast to reflect first quarter of 2025 segment changes.Three Months EndedJune 30, Six Months EndedJune 30, Capital Expenditures:20252024 (a)20252024 (a)Communications$9.1 $5.3 $16.2 $8.7 Clean Energy and Infrastructure11.4 7.6 19.3 12.9 Power Delivery19.7 10.3 40.9 18.1 Pipeline Infrastructure21.6 7.3 31.6 14.4 Other— — — — Corporate2.0 1.0 3.1 2.8 Consolidated capital expenditures$63.8 $31.5 $111.1 $56.9 (a)    Recast to reflect first quarter of 2025 segment changes.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 $43.9 million and $24.2 million for the three months ended June 30, 2025 and 2024, respectively, and totaled $93.6 million and $50.9 million for the six months ended June 30, 2025 and 2024, respectively.  Revenue from foreign operations was derived primarily from the Company’s Canadian operations in its Pipeline Infrastructure segment.  As of June 30, 2025 and December 31, 2024, long-lived assets held by the Company’s businesses in foreign countries included property and equipment, net, of $24.3 million and $25.3 million, respectively, and intangible assets and goodwill, net, of $112.4 million and $108.8 million, for the respective periods.  Substantially all of the Company’s long-lived and intangible assets and goodwill in foreign countries relate