Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1697

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 2
Chunk 1697
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 comparisons are for the years ended December 31, 2024 and 2023. 

For the Years Ended December 31,Change20242023$%Revenue$12,303.5 100.0 %$11,995.9 100.0 %$307.5 2.6 %Costs of revenue, excluding depreciation and amortization10,676.0 86.8 %10,613.8 88.5 %62.2 0.6 %Depreciation 366.8 3.0 %433.9 3.6 %(67.2)(15.5)%Amortization of intangible assets139.9 1.1 %169.2 1.4 %(29.4)(17.4)%General and administrative expenses684.5 5.6 %698.9 5.8 %(14.4)(2.1)%Interest expense, net193.3 1.6 %234.4 2.0 %(41.1)(17.6)%Equity in earnings of unconsolidated affiliates, net(30.2)(0.2)%(30.7)(0.3)%0.5 (1.5)%Loss on extinguishment of debt11.3 0.1 %— — %11.3 100.0 %Other expense (income), net11.0 0.1 %(40.9)(0.3)%51.9 (126.9)%Income (loss) before income taxes$251.0 2.0 %$(82.7)(0.7)%$333.7 (403.4)%(Provision for) benefit from income taxes(51.5)(0.4)%35.4 0.3 %(87.0)(245.6)%Net income (loss)$199.4 1.6 %$(47.3)(0.4)%$246.7 NMNet income attributable to non-controlling interests36.6 0.3 %2.7 0.0 %34.0 NMNet income (loss) attributable to MasTec, Inc.$162.8 1.3 %$(49.9)(0.4)%$212.7 (425.9)%

NM - Percentage is not meaningful