Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 2506

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 2506
---
 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$2,248.5 $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