Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 878

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 878
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For the year ended December 31, 2024, Corporate results included a loss on debt extinguishment of $11.3 million.  In addition, for the year ended December 31, 2024, Corporate results included approximately $10.7 million of expenses related to changes in fair value of acquisition-related contingent items, and for the years ended December 31, 2023 and 2022, such activity included income of approximately $13.9 million and $3.4 million, respectively.  For the year ended December 31, 2023, Communications, Clean Energy and Infrastructure and Power Delivery EBITDA included $22.5 million, $37.1 million and $8.5 million, respectively, of acquisition and integration costs related to certain transformative acquisitions, and Corporate results included $3.8 million of such costs.  For the year ended December 31, 2022, Communications, Clean Energy and Infrastructure, Power Delivery and Pipeline Infrastructure EBITDA included $4.7 million, $6.4 million, $39.0 million and $8.0 million, respectively, of acquisition and integration costs related to certain transformative acquisitions, and Corporate results included $27.9 million of such costs.   Additionally, for the years ended December 31, 2023 and 2022, Corporate results included fair value losses related to an investment of $0.2 million and $7.7 million, respectively, and for the year ended December 31, 2022, Corporate results included bargain purchase gains of $0.2 million.  In addition, for the year ended December 31, 2022, Other segment EBITDA included $2.8 million of project gains from a proportionately consolidated non-controlled Canadian joint venture.

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For the Years Ended December 31,Depreciation and Amortization:202420232022Communications$113.3 $136.8 $126.4 Clean Energy and Infrastructure123.0 144.2 87.0 Power Delivery131.3 158.9 147.8 Pipeline Infrastructure128.8 152.9 134.6 Other— — — Corporate10.2 10.4 11.3 Consolidated depreciation and amortization$506.6 $603.2 $507.1 As of December 31,Assets:202420232022Communications$2,248.