Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 833

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 833
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31, 2022$606.1 $703.3 $270.1 $582.2 $2,161.7 Accumulated impairment loss (a)— — — (116.7)(116.7)Goodwill, net, as of December 31, 2022$606.1 $703.3 $270.1 $465.5 $2,045.0 Additions from new business combinations41.4 — — — 41.4 Measurement period adjustments (b)(0.6)38.7 0.7 0.8 39.6 Currency translation adjustments— — — 0.4 0.4 Goodwill, net, as of December 31, 2023$646.9 $742.0 $270.8 $466.7 $2,126.4 Additions from new business combinations— 0.3 23.5 53.4 77.2 Measurement period adjustments0.7 — — — 0.7 Currency translation adjustments— — — (1.2)(1.2)Goodwill, net, as of December 31, 2024$647.6 $742.3 $294.3 $518.9 $2,203.1 Accumulated impairment loss (a)— — — (110.3)(110.3)Goodwill, gross, as of December 31, 2024$647.6 $742.3 $294.3 $629.2 $2,313.4 (a)    Accumulated impairment loss includes the effects of currency translation gains and/or losses.(b)    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 year ended December 31, 2023 were primarily the result of (i) updated valuations of, and estimated useful lives for, certain fixed assets, and (ii) updated estimates related to certain assets and liabilities, including contract assets and contingent liabilities.  For the year ended December 31, 2023, these updates resulted in (i) related to fixed assets, a decrease in depreciation expense of approximately $6 million,