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Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2024
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, which may contain slight summation differences due to rounding, reflect certain financial data for each reportable segment.
For the Years Ended December 31,
Communications (a)
Clean Energy and Infrastructure
Power Delivery
Pipeline Infrastructure
Other
Eliminations
Total Reportable Segments
2024:
Revenue (b)
$3,460.0 $4,092.1 $2,682.1 $2,133.6 $— $(64.3)$12,303.5 
Costs of revenue, excluding depreciation and amortization3,033.4 3,639.8 2,357.0 1,689.7 — (64.2)10,655.7 
Other segment items (c)
92.9 195.3 137.4 54.5 (26.2)(0.1)453.7 
EBITDA$333.7 $257.0 $187.7 $389.4 $26.2 $— $1,194.1 
2023:
Revenue (b)
$3,259.5 $3,962.0 $2,735.1 $2,072.8 $— $(33.5)$11,995.9 
Costs of revenue, excluding depreciation and amortization2,872.6 3,616.9 2,402.4 1,731.5 1.1 (32.7)10,591.8 
Other segment items (c)
117.7 212.7 124.9 56.9 (26.1)(0.8)485.3 
EBITDA$269.2 $132.4 $207.8 $284.4 $25.0 $— $918.8 
2022:
Revenue (b)
$3,233.7 $2,618.6 $2,725.2 $1,219.6 $— $(19.1)$9,778.0 
Costs of revenue, excluding depreciation and amortization2,810.7 2,388.8 2,387.8 1,025.0 (2.8)(18.5)8,591.0 
Other segment items (c)
95.9 127.0 134.5 31.1 (29.0)(0.6)358.9 
EBITDA$327.1 $102.8 $202.9 $163.5 $31.8 $— $828.1 
(a)    Revenue generated primarily by utilities customers represented 24.0%, 24.3% and 23.6% of Communications segment revenue for the years ended December 31, 2024, 2023 and 2022, respectively.
(b)    Total consolidated revenue equals total reportable segment revenue of $12,303.5 million, $11,995.9 million and $9,778.0 million for the years ended December 31, 2024, 2023 and 2022, respectively, as there is no revenue recorded within Corporate results.
(c)    For each of the years ended December 31, 2024, 2023 and 2022, other segment items for each reportable segment includes general and administrative expenses, equity in earnings or losses of unconsolidated affiliates, net, and other income or expense, net.
For the Years Ended December 31,
Depreciation and Amortization:202420232022
Communications$113.3 $136.8 $126.4 
Clean Energy and Infrastructure123.0 144.2 87.0 
Power Delivery131.3 158.9 147.8 
Pipeline Infrastructure128.8 152.9 134.6 
Other— — — 
Corporate10.2 10.4 11.3 
Consolidated depreciation and amortization$506.6 $603.2 $507.1 
As of December 31,
Assets:202420232022
Communications$2,248.5 $2,332.2 $2,378.6 
Clean Energy and Infrastructure2,706.4 2,978.8 2,979.9 
Power Delivery1,915.2 1,837.1 1,967.9 
Pipeline Infrastructure1,599.7 1,758.0 1,544.2 
Other318.2 305.0 297.3 
Corporate187.3 162.4 125.4 
Consolidated assets$8,975.3 $9,373.5 $9,293.3 
For the Years Ended December 31,
Capital Expenditures:202420232022
Communications$21.7 $29.5 $87.1 
Clean Energy and Infrastructure27.0 30.9 35.8 
Power Delivery67.8 50.8 83.4 
Pipeline Infrastructure27.5 76.0 49.0 
Other— — — 
Corporate4.9 5.7 8.0 
Consolidated capital expenditures$148.9 $192.9 $263.4 
Reconciliation of Consolidated Income before Income Taxes to EBITDA
For the Years Ended December 31,
EBITDA Reconciliation:202420232022
Income (loss) before income taxes$251.0 $(82.7)$43.1 
Plus:
Interest expense, net193.3 234.4 112.3 
Depreciation366.8 433.9 371.2 
Amortization139.9 169.2 135.9 
Corporate243.3 163.9 165.6 
Segment EBITDA$1,194.1 $918.8 $828.1