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MasTec Property, Plant and Equipment

: $1,317 Mil (As of Jun. 2021)
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MasTec's quarterly net PPE increased from Dec. 2020 ($1,159 Mil) to Mar. 2021 ($1,187 Mil) and increased from Mar. 2021 ($1,187 Mil) to Jun. 2021 ($1,317 Mil).

MasTec's annual net PPE increased from Dec. 2018 ($748 Mil) to Dec. 2019 ($1,136 Mil) and increased from Dec. 2019 ($1,136 Mil) to Dec. 2020 ($1,159 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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Property, Plant and Equipment
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 549.10 706.50 747.80 1,135.70 1,158.87

MasTec Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Property, Plant and Equipment Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,171.04 1,181.73 1,158.87 1,186.86 1,316.75

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 Business Description

MasTec logo
Industry
Industrials » Construction NAICS : 237130 SIC : 1623
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
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, Electrical Transmission, Clean Energy and Infrastructure, and Other. 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
De Cardenas Alberto officer: EVP, General Counsel 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Johnson Julia L director NETCOMMUNICATIONS LLC 614 GRAND HIGHWAY CLAREMONT FL 34711
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Sorzano Jose S director AUSTIN GROUP INC 5305 LEE HIGHWAY NORTH ARLINGTON VA 22207
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Campbell C Robert director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Mas Jose Ramon director, officer: CEO 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Mas Jorge director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Apple Robert E officer: COO 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Heuvelen John Van director 363 HIGH STREET DENVER CO 80218
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
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

MasTec Headlines

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