Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 120

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 120
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 loss (b)— — — (110.3)(110.3)Goodwill, net, as of December 31, 2024 (a)$546.5 $742.3 $395.4 $518.9 $2,203.1 Additions from new business combinations0.5 — — 1.4 1.9 Measurement period adjustments (c)— 3.4 1.8 1.8 7.0 Currency translation adjustments— — — 2.2 2.2 Goodwill, net, as of September 30, 2025$547.0 $745.7 $397.2 $524.3 $2,214.2 (a)    Recast to reflect first quarter of 2025 segment changes.  See Note 10 – Segments and Related Information for additional information.(b)    Accumulated impairment loss includes the effects of currency translation gains and/or losses.(c)    Measurement period adjustments represent adjustments, net, to preliminary estimates of fair value within the measurement period of up to one year from the date of acquisition.  Measurement period adjustments, net, for the nine months ended September 30, 2025 were primarily the result of net working capital adjustments.  The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):Other Intangible Assets, NetCustomer Relationships and BacklogTrade NamesOther (a)TotalOther intangible assets, gross, as of December 31, 2024$1,057.6 $226.1 $76.5 $1,360.2 Accumulated amortization(523.4)(63.1)(46.3)(632.8)Other intangible assets, net, as of December 31, 2024$534.2 $163.0 $30.2 $727.4 Additions from new business combinations— — 1.8 1.8 Currency translation adjustments0.8 0.1 0.4 1.3 Amortization expense(78.7)(15.4)(3.9)(98.0)Other intangible assets, net, as of September 30, 2025$456.3 $147.7 $28.5 $632.5