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Segments and Related Information (Tables)
6 Months Ended
Jun. 30, 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 June 30, For the Six Months Ended June 30,
Revenue:2022202120222021
Communications (a)
$822.0 $630.4 $1,486.2 $1,199.0 
Clean Energy and Infrastructure
494.5 481.5 930.4 831.9 
Oil and Gas
341.2 621.4 552.2 1,346.9 
Power Delivery
646.5 232.5 1,296.9 366.0 
Other
— 0.0 — 0.0 
Eliminations(2.4)(3.1)(9.5)(5.7)
Consolidated revenue$2,301.8 $1,962.7 $4,256.2 $3,738.1 
(a)    Revenue generated primarily by utilities customers represented 24.1% and 20.6% of Communications segment revenue for the three month periods ended June 30, 2022 and 2021, respectively, and represented 24.8% and 20.4% for the six month periods ended June 30, 2021 and 2020, respectively.

For the Three Months Ended June 30, For the Six Months Ended June 30,
EBITDA:2022202120222021
Communications
$84.2 $72.7 $124.6 $121.5 
Clean Energy and Infrastructure
(5.2)15.6 5.6 26.4 
Oil and Gas
62.8 138.1 84.2 305.7 
Power Delivery
41.4 9.3 87.5 12.9 
Other
7.4 8.3 14.4 15.8 
Corporate(38.3)(19.9)(85.3)(59.8)
Consolidated EBITDA$152.3 $224.1 $231.0 $422.5 
For the Three Months Ended June 30, For the Six Months Ended June 30,
Depreciation and Amortization:2022202120222021
Communications
$30.7 $23.8 $59.7 $45.6 
Clean Energy and Infrastructure
11.7 10.5 23.1 18.1 
Oil and Gas
32.2 56.2 63.8 108.3 
Power Delivery
36.8 14.1 72.5 20.2 
Other
— 0.0 — 0.0 
Corporate3.3 2.8 6.4 5.7 
Consolidated depreciation and amortization$114.7 $107.4 $225.5 $197.9 
Assets:June 30,
2022
December 31, 2021 (a)
Communications$2,349.4 $2,100.9 
Clean Energy and Infrastructure1,045.1 1,067.0 
Oil and Gas1,576.6 1,527.6 
Power Delivery2,015.4 2,017.2 
Other276.6 238.1 
Corporate141.6 170.6 
Consolidated segment assets$7,404.7 $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 June 30, For the Six Months Ended June 30,
EBITDA Reconciliation:2022202120222021
Income (loss) before income taxes$18.2 $102.8 $(29.9)$198.3 
Plus:
Interest expense, net19.4 13.8 35.4 26.3 
Depreciation87.0 87.5 172.2 166.8 
Amortization of intangible assets27.7 19.9 53.3 31.2 
Consolidated EBITDA$152.3 $224.1 $231.0 $422.5