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Segments and Related Information (Tables)
12 Months Ended
Dec. 31, 2023
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 Years Ended December 31,
Revenue:202320222021
Communications (a)
$3,259.5 $3,233.7 $2,551.1 
Clean Energy and Infrastructure3,962.0 2,618.6 1,865.0 
Power Delivery2,735.1 2,725.2 1,016.8 
Oil and Gas2,072.8 1,219.6 2,540.5 
Other— — 0.0 
Eliminations(33.5)(19.1)(21.6)
Consolidated revenue$11,995.9 $9,778.0 $7,951.8 
(a)    Revenue generated primarily by utilities customers represented 24.3%, 23.6% and 20.8% of Communications segment revenue for the years ended December 31, 2023, 2022 and 2021, respectively.
For the Years Ended December 31,
EBITDA:202320222021
Communications$269.2 $327.1 $269.5 
Clean Energy and Infrastructure132.4 102.8 75.0 
Power Delivery207.8 202.9 68.0 
Oil and Gas284.4 163.5 557.6 
Other25.0 31.8 33.8 
Segment EBITDA$918.8 $828.1 $1,003.8 
For the Years Ended December 31,
Depreciation and Amortization:202320222021
Communications$136.8 $126.4 $99.3 
Clean Energy and Infrastructure144.2 87.0 43.5 
Power Delivery158.9 147.8 61.5 
Oil and Gas152.9 134.6 207.8 
Other— — 0.0 
Corporate10.4 11.3 10.7 
Consolidated depreciation and amortization$603.2 $507.1 $422.8 
As of December 31,
Assets:202320222021
Communications$2,332.2 $2,378.6 $2,100.9 
Clean Energy and Infrastructure2,978.8 2,979.9 1,067.0 
Power Delivery1,837.1 1,967.9 2,017.2 
Oil and Gas1,758.0 1,544.2 1,527.6 
Other305.0 297.3 238.1 
Corporate162.4 125.4 170.6 
Consolidated segment assets$9,373.5 $9,293.3 $7,121.4 
For the Years Ended December 31,
Capital Expenditures:202320222021
Communications$29.5 $87.1 $50.6 
Clean Energy and Infrastructure30.9 35.8 44.6 
Power Delivery50.8 83.4 13.0 
Oil and Gas76.0 49.0 55.7 
Other— — 0.0 
Corporate5.7 8.0 6.2 
Consolidated capital expenditures$192.9 $263.4 $170.1 
Reconciliation of Consolidated Income before Income Taxes to EBITDA
For the Years Ended December 31,
EBITDA Reconciliation:202320222021
(Loss) income before income taxes$(82.7)$43.1 $430.1 
Plus:
Interest expense, net234.4 112.3 53.4 
Depreciation433.9 371.2 345.6 
Amortization169.2 135.9 77.2 
Corporate EBITDA 163.9 165.6 97.5 
Segment EBITDA$918.8 $828.1 $1,003.8