MasTec (NYSE:MTZ) Property, Plant and Equipment

: $1,832 Mil (As of Sep. 2022)

View and export this data going back to 1972. Start your Free Trial

MasTec's quarterly net PPE increased from Mar. 2022 ($1,748 Mil) to Jun. 2022 ($1,827 Mil) and increased from Jun. 2022 ($1,827 Mil) to Sep. 2022 ($1,832 Mil).

MasTec's annual net PPE increased from Dec. 2019 ($1,136 Mil) to Dec. 2020 ($1,159 Mil) and increased from Dec. 2020 ($1,159 Mil) to Dec. 2021 ($1,697 Mil).

MasTec Property, Plant and Equipment Historical Data

The historical data trend for MasTec's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MasTec Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Property, Plant and Equipment

706.50

747.80

1,135.70

1,158.87

1,696.51

MasTec Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Property, Plant and Equipment																1,260.98	1,696.51	1,747.55	1,826.61	1,832.19

MasTec Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:

Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:

Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

MasTec (NYSE:MTZ) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.

MasTec Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of MasTec's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.

MasTec (NYSE:MTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Property, Plant and Equipment

Comparable Companies

Traded in Other Exchanges

MY8:Germany MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

http://www.mastec.com

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

Executives

Parker Ava L	director	1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto	director	3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George	officer: CFO	3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A	director	C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray	officer: President	800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E	officer: Chief Operations Officer	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N	director	2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott	officer: Chief Operations Officer	C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J	director	880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert	officer: EVP & CFO	800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M	director	3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E	director	190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael	officer: General Counsel and EVP	800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W	director	201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131