Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 122

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 4
Chunk 122
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9 0.3 %Interest expense, net193.3 1.6 %234.4 2.0 %112.3 1.1 %Provision for (benefit from) income taxes51.5 0.4 %(35.4)(0.3)%9.2 0.1 %Depreciation366.8 3.0 %433.9 3.6 %371.2 3.8 %Amortization of intangible assets139.9 1.1 %169.2 1.4 %135.9 1.4 %EBITDA$950.8 7.7 %$754.9 6.3 %$662.5 6.8 %Non-cash stock-based compensation expense32.7 0.3 %33.3 0.3 %27.4 0.3 %Loss on extinguishment of debt11.3 0.1 %— — %— — %Changes in fair value of acquisition-related contingent items10.7 0.1 %(13.9)(0.1)%(3.4)(0.0)%Acquisition and integration costs— — %71.9 0.6 %86.0 0.9 %Losses, net, on fair value of investment— — %0.2 0.0 %7.7 0.1 %Project results from non-controlled joint venture— — %— — %(2.8)(0.0)%Bargain purchase gain— — %— — %(0.2)(0.0)%Adjusted EBITDA$1,005.6 8.2 %$846.4 7.1 %$777.2 7.9 %

43

A reconciliation of EBITDA and EBITDA margin to Adjusted EBITDA and Adjusted EBITDA margin by segment for the periods indicated is as follows:

For the Years Ended December 31,202420232022EBITDA$950.8 7.7 %$754.9 6.3 %$662.5 6.8 %Non-cash stock-based compensation expense (a)32.7 0.3 %33.