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Segments and Related Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment
Summarized financial information for MasTec’s reportable segments is presented and reconciled to consolidated financial information for total MasTec in the following tables, including a reconciliation of consolidated income before income taxes to EBITDA, all of which are presented in millions. The tables below may contain slight summation differences due to rounding.
For the Three Months Ended March 31,
Revenue:20222021
Communications (a)
$664.2 $568.6 
Clean Energy and Infrastructure
435.9 350.4 
Oil and Gas
211.0 725.5 
Power Delivery
650.5 133.5 
Other
0.0 0.0 
Eliminations(7.2)(2.6)
Consolidated revenue$1,954.4 $1,775.4 
(a)    Revenue generated primarily by utilities customers represented 25.6% and 20.1% of Communications segment revenue for the three month periods ended March 31, 2022 and 2021, respectively.
For the Three Months Ended March 31,
EBITDA:20222021
Communications
$40.3 $48.9 
Clean Energy and Infrastructure
10.9 10.9 
Oil and Gas
21.5 167.6 
Power Delivery
46.1 3.6 
Other
6.9 7.4 
Corporate(47.0)(40.0)
Consolidated EBITDA$78.7 $198.4 
For the Three Months Ended March 31,
Depreciation and Amortization:20222021
Communications
$29.0 $21.8 
Clean Energy and Infrastructure
11.4 7.6 
Oil and Gas
31.6 52.1 
Power Delivery
35.7 6.1 
Other
0.0 0.0 
Corporate3.1 2.9 
Consolidated depreciation and amortization$110.8 $90.5 
Assets:March 31,
2022
December 31, 2021 (a)
Communications$2,156.6 $2,100.9 
Clean Energy and Infrastructure970.5 1,067.0 
Oil and Gas1,509.8 1,527.6 
Power Delivery2,038.6 2,017.2 
Other263.0 238.1 
Corporate149.5 170.6 
Consolidated segment assets$7,088.0 $7,121.4 
(a)     Segment assets as of December 31, 2021 were recast during the first quarter of 2022 to conform with the change in segment reporting for the HMG acquisition, the effect of which was a decrease in Power Delivery segment assets of $192.2 million, an increase in assets for the Communications and Oil and Gas segments of $69.4 million and $77.0 million, respectively, and an increase in Corporate assets of $45.8 million.
Reconciliation of Consolidated Income before Income Taxes to EBITDA
For the Three Months Ended March 31,
EBITDA Reconciliation:20222021
(Loss) income before income taxes$(48.1)$95.4 
Plus:
Interest expense, net16.0 12.5 
Depreciation85.2 79.3 
Amortization of intangible assets25.6 11.2 
Consolidated EBITDA$78.7 $198.4