Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 116

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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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 from the Company’s Canadian operations in its Pipeline Infrastructure segment.  As of March 31, 2025 and December 31, 2024, long-lived assets held by the Company’s businesses in foreign countries included property and equipment, net, of $23.9 million and $25.3 million, respectively, and intangible assets and goodwill, net, of $107.0 million and $