$MTZ
MasTec Inc

2016 Q2 Form 10-Q Financial Statement

#000001561516000111 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.232B $1.067B
YoY Change 15.54% -3.67%
Cost Of Revenue $1.068B $945.9M
YoY Change 12.93% -0.5%
Gross Profit $164.2M $120.7M
YoY Change 36.04% -22.88%
Gross Profit Margin 13.32% 11.32%
Selling, General & Admin $67.90M $69.30M
YoY Change -2.02% 27.86%
% of Gross Profit 41.35% 57.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.66M $43.25M
YoY Change -6.0% 17.68%
% of Gross Profit 24.76% 35.84%
Operating Expenses $110.0M $111.2M
YoY Change -1.08% 23.42%
Operating Profit $54.20M $9.500M
YoY Change 470.53% -85.69%
Interest Expense -$12.20M -$12.90M
YoY Change -5.43% 0.0%
% of Operating Profit -22.51% -135.79%
Other Income/Expense, Net -$1.524M $4.991M
YoY Change -130.53% 159.54%
Pretax Income $42.04M -$2.376M
YoY Change -1869.32% -104.36%
Income Tax $17.60M $1.444M
% Of Pretax Income 41.87%
Net Earnings $24.10M -$3.700M
YoY Change -751.35% -110.98%
Net Earnings / Revenue 1.96% -0.35%
Basic Earnings Per Share $0.30 -$0.05
Diluted Earnings Per Share $0.30 -$0.05
COMMON SHARES
Basic Shares Outstanding 80.35M shares 79.83M shares
Diluted Shares Outstanding 81.27M shares 79.83M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.800M $4.800M
YoY Change 83.33% -69.81%
Cash & Equivalents $8.758M $4.755M
Short-Term Investments
Other Short-Term Assets $61.19M $119.3M
YoY Change -48.71% 71.9%
Inventory $115.8M $103.3M
Prepaid Expenses $45.07M
Receivables $1.091B $1.127B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.322B $1.354B
YoY Change -2.39% -8.66%
LONG-TERM ASSETS
Property, Plant & Equipment $559.1M $614.8M
YoY Change -9.07% -0.62%
Goodwill $998.1M $1.073B
YoY Change -6.99% 9.15%
Intangibles $192.6M $230.1M
YoY Change -16.3% -0.22%
Long-Term Investments
YoY Change
Other Assets $52.37M $84.63M
YoY Change -38.11% 14.64%
Total Long-Term Assets $1.802B $2.003B
YoY Change -10.01% 5.06%
TOTAL ASSETS
Total Short-Term Assets $1.322B $1.354B
Total Long-Term Assets $1.802B $2.003B
Total Assets $3.124B $3.357B
YoY Change -6.94% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $441.0M $434.4M
YoY Change 1.5% -12.07%
Accrued Expenses $85.04M $89.67M
YoY Change -5.16% 29.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $70.40M $78.40M
YoY Change -10.2% 1.95%
Total Short-Term Liabilities $866.4M $853.0M
YoY Change 1.58% -1.24%
LONG-TERM LIABILITIES
Long-Term Debt $998.4M $1.137B
YoY Change -12.17% 4.42%
Other Long-Term Liabilities $90.48M $63.10M
YoY Change 43.39% 43.58%
Total Long-Term Liabilities $90.48M $63.10M
YoY Change 43.39% 43.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $866.4M $853.0M
Total Long-Term Liabilities $90.48M $63.10M
Total Liabilities $2.154B $2.330B
YoY Change -7.56% 1.3%
SHAREHOLDERS EQUITY
Retained Earnings $400.1M $447.8M
YoY Change -10.66% 15.51%
Common Stock $790.3M $773.5M
YoY Change 2.18% -1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $145.6M
YoY Change 74.58%
Treasury Stock Shares 8.094M shares
Shareholders Equity $965.7M $1.023B
YoY Change
Total Liabilities & Shareholders Equity $3.124B $3.357B
YoY Change -6.94% -0.94%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $24.10M -$3.700M
YoY Change -751.35% -110.98%
Depreciation, Depletion And Amortization $40.66M $43.25M
YoY Change -6.0% 17.68%
Cash From Operating Activities $12.60M $47.10M
YoY Change -73.25% -37.78%
INVESTING ACTIVITIES
Capital Expenditures -$50.60M -$28.70M
YoY Change 76.31% -10.31%
Acquisitions
YoY Change
Other Investing Activities $3.300M -$35.10M
YoY Change -109.4% -73.41%
Cash From Investing Activities -$47.30M -$63.80M
YoY Change -25.86% -61.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.60M -7.600M
YoY Change -621.05% -108.01%
NET CHANGE
Cash From Operating Activities 12.60M 47.10M
Cash From Investing Activities -47.30M -63.80M
Cash From Financing Activities 39.60M -7.600M
Net Change In Cash 4.900M -24.30M
YoY Change -120.16% -468.18%
FREE CASH FLOW
Cash From Operating Activities $12.60M $47.10M
Capital Expenditures -$50.60M -$28.70M
Free Cash Flow $63.20M $75.80M
YoY Change -16.62% -29.62%

Facts In Submission

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Basic earnings or loss per share is computed by dividing net income or loss attributable to MasTec by the weighted average number of common shares outstanding for the period, which excludes non-participating unvested restricted share awards. Diluted earnings per share is computed by dividing net income or loss attributable to MasTec by the weighted average number of fully diluted shares, as calculated under the treasury stock method, which includes the effect of dilutive common stock equivalents, including from the exercise of outstanding stock options or the vesting of unvested restricted shares. If the Company reports a loss, rather than income, the computation of diluted loss per share excludes dilutive common stock equivalents, as their effect would be anti-dilutive. For the three and six month periods ended June 30, 2015, the Company reported a net loss, which resulted in the exclusion of 476,769 and 495,181 weighted average dilutive common stock equivalents, respectively, from the calculation of diluted loss per share.
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21600000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2638000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3223000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
489000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3555000 USD
CY2015Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1444000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2908000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17601000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15514000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5429000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7131000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-37335000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
123958000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-159384000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
179372000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-33100000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-18856000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
1217000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
10075000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9356000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
26454000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1023000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-28878000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11774000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-24270000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
915000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
790000 shares
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
329300000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
199379000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
192583000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1187900000 USD
CY2016Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1190600000 USD
us-gaap Interest Paid
InterestPaid
22837000 USD
us-gaap Interest Paid
InterestPaid
22647000 USD
CY2015Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-12907000 USD
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-23880000 USD
CY2016Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-12639000 USD
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-24797000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
90599000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
115799000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
1983956000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
2153727000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2927347000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3123943000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
752535000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
866434000 USD
CY2015Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
298500000 USD
CY2016Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
288900000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
932868000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
998440000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
77400000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
70367000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1023200000 USD
CY2016Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1080200000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
3821000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
4492000 USD
CY2015Q2 us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
11500000 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
17100000 USD
CY2016Q2 us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
14700000 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
21700000 USD
us-gaap Multiemployer Plans General Nature
MultiemployerPlansGeneralNature
Certain of MasTec’s subsidiaries, including certain subsidiaries in Canada, contribute amounts to multiemployer pension and other multiemployer benefit plans and trusts, which are recorded as a component of employee wages and salaries within costs of revenue, excluding depreciation and amortization. Contributions are generally based on fixed amounts per hour per employee for employees covered under these plans. Multiemployer plan contribution rates are determined annually and assessed on a “pay-as-you-go” basis based on union employee payrolls. Union payrolls cannot be determined for future periods because the number of union employees employed at any given time, and the plans in which they may participate, vary depending upon the location and number of ongoing projects at a given time and the need for union resources in connection with those projects.
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-70368000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36046000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-109583000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59872000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
161289000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28488000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-3700000 USD
us-gaap Net Income Loss
NetIncomeLoss
-9963000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
24088000 USD
us-gaap Net Income Loss
NetIncomeLoss
21395000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-120000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-245000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
350000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
162000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-3700000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-9963000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
24088000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
21395000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4991000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5583000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1524000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11830000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
68190000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
61186000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
51032000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52372000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3309000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18719000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
247000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5871000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4577000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-12587000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
43459000 USD
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
34292000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
68119000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
90482000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-736000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3230000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1053000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
39257000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
14572000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
148000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4102000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
65150000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2040000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
48431000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63893000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
54879000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
45074000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1849000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3338000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
844494000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
684287000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4146000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10163000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-3820000 USD
us-gaap Profit Loss
ProfitLoss
-10208000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
24438000 USD
us-gaap Profit Loss
ProfitLoss
21557000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1086900000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1143600000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
558667000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
559057000 USD
CY2015Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000 USD
CY2016Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1300000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1700000 USD
us-gaap Quarterly Financial Information Income Taxes Significant Variation Description
QuarterlyFinancialInformationIncomeTaxesSignificantVariationDescription
In determining the quarterly provision for income taxes, management uses an estimated annual effective tax rate based on forecasted annual pre-tax income, permanent tax differences, statutory tax rates and tax planning opportunities in the various jurisdictions in which the Company operates. The effect of significant discrete items is separately recognized in the quarter(s) in which they occur.
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
28469000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
27506000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
741302000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
604640000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
35100000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
33500000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
6683000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
5993000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
378678000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
400073000 USD
CY2015Q2 us-gaap Revenues
Revenues
1066629000 USD
us-gaap Revenues
Revenues
2069896000 USD
CY2016Q2 us-gaap Revenues
Revenues
1232404000 USD
us-gaap Revenues
Revenues
2206630000 USD
us-gaap Segment Reporting Description Of All Other Segments
SegmentReportingDescriptionOfAllOtherSegments
The Other segment includes equity method investments and other small business units that perform construction and other services for a variety of international end-markets.
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1300000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
900000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
400000 USD
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
900000 USD
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
400000 USD
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y6M18D
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y1M2D
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y6M18D
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y1M2D
us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
MasTec also generally warrants the work it performs for a one to two year period following substantial completion of a project.
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
939570000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
965724000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
943391000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
970216000 USD
CY2015Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
8094004 shares
CY2016Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
8094004 shares
CY2015Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
145573000 USD
CY2016Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
145573000 USD
us-gaap Unapproved Change Orders Description
UnapprovedChangeOrdersDescription
The Company may incur costs subject to change orders, whether approved or unapproved by the customer, and/or claims related to certain contracts. Management determines the probability that such costs will be recovered based upon engineering studies and legal opinions, past practices with the customer, specific discussions, correspondence or preliminary negotiations with the customer. The Company treats project costs as a cost of contract performance in the period incurred if it is not probable that the costs will be recovered, or defers costs and/or recognizes revenue up to the amount of the related cost if it is probable that the contract price will be adjusted and can be reliably estimated.
CY2015Q4 us-gaap Unbilled Change Orders Amount Expected To Be Collected Within One Year
UnbilledChangeOrdersAmountExpectedToBeCollectedWithinOneYear
38000000 USD
CY2016Q2 us-gaap Unbilled Change Orders Amount Expected To Be Collected Within One Year
UnbilledChangeOrdersAmountExpectedToBeCollectedWithinOneYear
20000000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79830000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81106000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81266000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81043000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79830000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81106000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80351000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80253000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Certain prior year amounts have been reclassified to conform to the current period presentation.</font></div></div>
us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revenue from fixed price contracts provides for a fixed amount of revenue for the entire project, subject to certain additions for changed scope or specifications. Revenue from these contracts, as well as for certain projects pursuant to master and other service agreements, is recognized using the percentage-of-completion method, under which the percentage of revenue to be recognized for a given project is measured by the percentage of costs incurred to date on the contract to the total estimated costs for the contract. Such contracts provide that the customer accept completion of progress to date and compensate the Company for services rendered, which may be measured in terms of costs incurred, units installed, hours expended or some other measure of progress. Contract costs include all direct materials, labor and subcontracted costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs and the operational costs of capital equipment (excluding certain depreciation). Much of the materials associated with the Company&#8217;s work are customer-furnished and are therefore not included in contract revenue and costs.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The estimation process for revenue recognized under the percentage-of-completion method is based on the professional knowledge and experience of the Company&#8217;s project managers, engineers and financial professionals. Management reviews estimates of contract revenue and costs on an ongoing basis. Changes in job performance, job conditions and final contract settlements are factors that influence management&#8217;s assessment of total contract value and total estimated costs to complete those contracts and, therefore, the Company&#8217;s profit recognition. Changes in these factors may result in revisions to costs and income, and their effects are recognized in the period in which the revisions are determined, which could materially affect the Company&#8217;s results of operations in the period in which such changes are recognized. Project profit was affected by less than </font><font style="font-family:inherit;font-size:9pt;">5%</font><font style="font-family:inherit;font-size:9pt;"> for the </font><font style="font-family:inherit;font-size:9pt;">six</font><font style="font-family:inherit;font-size:9pt;"> month period ended </font><font style="font-family:inherit;font-size:9pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:9pt;"> as a result of changes in contract estimates included in projects that were in process as of </font><font style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:9pt;">, and, for the </font><font style="font-family:inherit;font-size:9pt;">six</font><font style="font-family:inherit;font-size:9pt;"> month period ended </font><font style="font-family:inherit;font-size:9pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:9pt;">, excluding the effects of project losses of </font><font style="font-family:inherit;font-size:9pt;">$17.6 million</font><font style="font-family:inherit;font-size:9pt;"> on a Canadian wind project and </font><font style="font-family:inherit;font-size:9pt;">$5.5 million</font><font style="font-family:inherit;font-size:9pt;"> on a proportionately consolidated non-controlled Canadian joint venture, project profit was affected by less than </font><font style="font-family:inherit;font-size:9pt;">5%</font><font style="font-family:inherit;font-size:9pt;"> as a result of changes in contract estimates included in projects that were in process as of December&#160;31, 2014. Provisions for losses on uncompleted contracts are made in the period in which such losses are determined to be probable and the amount can be reasonably estimated. The majority of fixed price contracts are completed within </font><font style="font-family:inherit;font-size:9pt;">one</font><font style="font-family:inherit;font-size:9pt;"> year.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">Management Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The preparation of financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Key estimates include: the recognition of revenue and project profit or loss (which the Company defines as project revenue, less project costs of revenue, including depreciation), in particular, on long-term construction contracts, or other projects accounted for under the percentage-of-completion method, for which the recorded amounts require estimates of costs to complete projects, ultimate project profit and the amount of contract price adjustments that are probable; allowances for doubtful accounts; estimated fair values of goodwill and intangible assets and liabilities, acquisition-related contingent consideration and investments in cost and equity method investees; asset lives used in computing depreciation and amortization; accrued self-insured claims; share-based compensation; accounting for income taxes; and the estimated impact of contingencies and ongoing litigation. While management believes that such estimates are reasonable when considered in conjunction with the Company&#8217;s consolidated financial position and results of operations taken as a whole, actual results could differ materially from those estimates.</font></div></div>

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