Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 171

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 4
Chunk 171
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ast to reflect segment changes.Three Months Ended March 31, EBITDA Reconciliation:20252024Income (loss) before income taxes$8.9 $(45.5)Plus:Interest expense, net39.0 52.1 Depreciation76.2 107.4 Amortization32.6 33.7 Corporate50.9 48.7 Segment EBITDA$207.7 $196.3 Three Months Ended March 31, Depreciation and Amortization:20252024 (a)Communications$16.1 $20.8 Clean Energy and Infrastructure27.7 32.3 Power Delivery37.1 46.9 Pipeline Infrastructure25.8 38.7 Other— — Corporate2.2 2.4 Consolidated depreciation and amortization$108.9 $141.1 (a)    Recast to reflect segment changes.

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Assets:March 31, 2025December 31, 2024 (a)Communications$1,716.0 $1,673.8 Clean Energy and Infrastructure2,509.6 2,706.4 Power Delivery2,464.6 2,489.9 Pipeline Infrastructure1,575.2 1,599.7 Other318.6 318.2 Corporate277.9 187.3 Consolidated assets$8,861.9 $8,975.3 (a)    Recast to reflect segment changes.Three Months Ended March 31, Capital Expenditures:20252024 (a)Communications$7.1 $3.4 Clean Energy and Infrastructure7.9 5.3 Power Delivery21.2 7.8 Pipeline Infrastructure10.1 7.1 Other— — Corporate1.0 1.8 Consolidated capital expenditures$47.3 $25.4 (a)    Recast to reflect 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 $49.8 million and $26.7 million for the three month periods ended March 31, 2025 and 2024, respectively.  Revenue from foreign operations was derived primarily