2017 Q4 Form 10-Q Financial Statement
#000001561517000034 Filed on November 02, 2017
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
Revenue | $1.603B | $1.956B | $1.586B |
YoY Change | 19.45% | 23.3% | 42.77% |
Cost Of Revenue | $1.422B | $1.726B | $1.369B |
YoY Change | 26.87% | 26.09% | 40.74% |
Gross Profit | $181.2M | $229.6M | $217.2M |
YoY Change | -18.12% | 5.71% | 57.05% |
Gross Profit Margin | 11.3% | 11.74% | 13.69% |
Selling, General & Admin | $73.10M | $66.40M | $67.10M |
YoY Change | 10.09% | -1.04% | 5.17% |
% of Gross Profit | 40.34% | 28.92% | 30.89% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $49.60M | $50.10M | $42.58M |
YoY Change | 16.16% | 17.65% | 0.92% |
% of Gross Profit | 27.37% | 21.82% | 19.61% |
Operating Expenses | $113.8M | $111.8M | $108.7M |
YoY Change | -1.04% | 2.85% | -5.23% |
Operating Profit | $67.40M | $117.8M | $108.5M |
YoY Change | -36.59% | 8.57% | 359.75% |
Interest Expense | -$9.800M | -$10.20M | -$13.10M |
YoY Change | -24.03% | -22.14% | 9.17% |
% of Operating Profit | -14.54% | -8.66% | -12.07% |
Other Income/Expense, Net | $4.677M | $971.0K | |
YoY Change | 381.67% | -115.34% | |
Pretax Income | $57.50M | $107.6M | $95.35M |
YoY Change | -38.44% | 12.83% | 599.07% |
Income Tax | $16.90M | $43.38M | $38.82M |
% Of Pretax Income | 29.39% | 40.32% | 40.71% |
Net Earnings | $160.8M | $63.80M | $56.30M |
YoY Change | 200.0% | 13.32% | 640.79% |
Net Earnings / Revenue | 10.03% | 3.26% | 3.55% |
Basic Earnings Per Share | $1.98 | $0.79 | $0.70 |
Diluted Earnings Per Share | $1.95 | $0.77 | $0.69 |
COMMON SHARES | |||
Basic Shares Outstanding | 82.76M shares | 80.95M shares | 80.46M shares |
Diluted Shares Outstanding | 82.39M shares | 81.55M shares |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $40.30M | $43.80M | $9.400M |
YoY Change | 3.87% | 365.96% | 30.56% |
Cash & Equivalents | $40.30M | $43.82M | $9.427M |
Short-Term Investments | |||
Other Short-Term Assets | $35.76M | $30.84M | $56.34M |
YoY Change | -35.1% | -45.25% | -51.85% |
Inventory | $76.99M | $84.46M | $108.4M |
Prepaid Expenses | $101.3M | $53.83M | $32.27M |
Receivables | $1.598B | $1.535B | $1.216B |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.852B | $1.748B | $1.422B |
YoY Change | 32.08% | 22.87% | 14.87% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $706.5M | $691.4M | $554.5M |
YoY Change | 28.67% | 24.69% | -5.53% |
Goodwill | $1.138B | $1.135B | $997.2M |
YoY Change | 14.24% | 13.86% | -6.35% |
Intangibles | $191.1M | $195.5M | $186.5M |
YoY Change | 6.34% | 4.79% | -14.74% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $178.8M | $172.1M | $53.39M |
YoY Change | 219.46% | 222.32% | -61.0% |
Total Long-Term Assets | $2.214B | $2.194B | $1.792B |
YoY Change | 24.35% | 22.48% | -10.75% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.852B | $1.748B | $1.422B |
Total Long-Term Assets | $2.214B | $2.194B | $1.792B |
Total Assets | $4.067B | $3.942B | $3.214B |
YoY Change | 27.76% | 22.65% | -0.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $378.0M | $457.2M | $435.7M |
YoY Change | 3.93% | 4.95% | 15.61% |
Accrued Expenses | $149.0M | $128.8M | $118.4M |
YoY Change | 32.67% | 8.8% | 45.46% |
Deferred Revenue | $206.1M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $87.90M | $86.50M | $66.10M |
YoY Change | 36.07% | 30.86% | -16.12% |
Total Short-Term Liabilities | $963.8M | $1.002B | $942.4M |
YoY Change | 14.74% | 6.34% | 19.68% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.281B | $1.192B | $950.6M |
YoY Change | 33.21% | 25.43% | -13.47% |
Other Long-Term Liabilities | $184.2M | $170.2M | $98.42M |
YoY Change | 84.59% | 72.94% | 51.24% |
Total Long-Term Liabilities | $184.2M | $170.2M | $98.42M |
YoY Change | 84.59% | 72.94% | 51.24% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $963.8M | $1.002B | $942.4M |
Total Long-Term Liabilities | $184.2M | $170.2M | $98.42M |
Total Liabilities | $2.633B | $2.639B | $2.184B |
YoY Change | 26.63% | 20.81% | -1.66% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $857.2M | $696.3M | $456.4M |
YoY Change | 68.09% | 52.59% | 0.2% |
Common Stock | $784.5M | $809.4M | $794.9M |
YoY Change | -1.69% | 1.82% | 2.35% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.431B | $1.295B | $1.025B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.067B | $3.942B | $3.214B |
YoY Change | 27.75% | 22.65% | -0.98% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $160.8M | $63.80M | $56.30M |
YoY Change | 200.0% | 13.32% | 640.79% |
Depreciation, Depletion And Amortization | $49.60M | $50.10M | $42.58M |
YoY Change | 16.16% | 17.65% | 0.92% |
Cash From Operating Activities | -$22.40M | $266.7M | $98.60M |
YoY Change | -128.54% | 170.49% | 4.12% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$40.10M | -$26.40M | -$25.20M |
YoY Change | 43.21% | 4.76% | 12.5% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $16.80M | -$73.70M | -$9.000M |
YoY Change | -188.89% | 718.89% | -73.45% |
Cash From Investing Activities | -$23.30M | -$100.1M | -$34.20M |
YoY Change | -50.32% | 192.69% | -39.25% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 42.50M | -141.0M | -63.60M |
YoY Change | -2336.84% | 121.7% | 72.83% |
NET CHANGE | |||
Cash From Operating Activities | -22.40M | 266.7M | 98.60M |
Cash From Investing Activities | -23.30M | -100.1M | -34.20M |
Cash From Financing Activities | 42.50M | -141.0M | -63.60M |
Net Change In Cash | -3.200M | 25.60M | 800.0K |
YoY Change | -110.77% | 3100.0% | -50.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$22.40M | $266.7M | $98.60M |
Capital Expenditures | -$40.10M | -$26.40M | -$25.20M |
Free Cash Flow | $17.70M | $293.1M | $123.8M |
YoY Change | -83.38% | 136.75% | 5.72% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000015615 | ||
CY2017Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
82760624 | shares |
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
MASTEC INC | ||
dei |
Trading Symbol
TradingSymbol
|
MTZ | ||
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Ebitda
Ebitda
|
151000000 | USD |
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Ebitda
Ebitda
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292600000 | USD | |
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Ebitda
Ebitda
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175300000 | USD |
mtz |
Ebitda
Ebitda
|
497700000 | USD | |
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Intangible Assets Acquired Gross Excluding Goodwill
IntangibleAssetsAcquiredGrossExcludingGoodwill
|
26800000 | USD | |
mtz |
Intangible Assets Gross Excluding Goodwill Translation Adjustments
IntangibleAssetsGrossExcludingGoodwillTranslationAdjustments
|
4000000 | USD | |
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Longterm Debtand Capital Lease Obligations Including Current Maturities Gross
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|
1035800000 | USD |
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Longterm Debtand Capital Lease Obligations Including Current Maturities Gross
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|
1292600000 | USD |
mtz |
Net Financing Activities And Advances From To Consolidated Affiliates
NetFinancingActivitiesAndAdvancesFromToConsolidatedAffiliates
|
0 | USD | |
mtz |
Net Financing Activities And Advances From To Consolidated Affiliates
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|
0 | USD | |
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Number Of Customers1
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|
455 | customer | |
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Accounts Payable Current
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363668000 | USD |
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Accounts Payable Current
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Accounts Receivable Gross Current
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Accounts Receivable Gross Current
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1543800000 | USD |
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Accounts Receivable Net Current
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Accounts Receivable Net Current
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1534790000 | USD |
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Accrued Liabilities Current
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112291000 | USD |
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Accrued Liabilities Current
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128769000 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
633100000 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Accumulated Other Comprehensive Income Loss Net Of Tax
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-65814000 | USD |
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Allocated Share Based Compensation Expense
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Amortization Of Financing Costs And Discounts
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Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
|
The unaudited supplemental pro forma financial results have been prepared by adjusting the historical results of MasTec to include the historical results of the acquired businesses described above, and then adjusted (i) to remove acquisition costs; (ii) to increase amortization expense resulting from the acquired intangible assets; (iii) to increase interest expense as a result of the cash consideration paid; (iv) to reduce interest expense from debt repaid upon acquisition; and (iv) to eliminate the effect of intercompany transactions. Additionally, the unaudited supplemental pro forma financial results do not include adjustments to reflect other cost savings or synergies that may have resulted from these acquisitions. | ||
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Capital Expenditures Incurred But Not Yet Paid
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Contract Receivable Due One Year Or Less
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Contract Receivable Retainage Due One Year Or Less
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Contract Receivable Retainage Due One Year Or Less
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Cost Of Services Excluding Depreciation Depletion And Amortization
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|
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Cost Of Services Excluding Depreciation Depletion And Amortization
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|
3321571000 | USD | |
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Cost Of Services Excluding Depreciation Depletion And Amortization
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Cost Of Services Excluding Depreciation Depletion And Amortization
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4323642000 | USD | |
CY2016Q4 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
331600000 | USD |
CY2017Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
629500000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
9800000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
13800000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1339000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
92188000 | USD | |
CY2017Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
274465000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
11800000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
178355000 | USD |
CY2016Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
42584000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
122249000 | USD | |
CY2017Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
50101000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
138384000 | USD | |
us-gaap |
Description Of Types Of Products And Services From Which Each Reportable Segment Derives Its Revenues
DescriptionOfTypesOfProductsAndServicesFromWhichEachReportableSegmentDerivesItsRevenues
|
All five reportable segments derive their revenue from the engineering, installation and maintenance of infrastructure, primarily in North America. | ||
CY2016Q4 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
0 | USD |
CY2017Q3 | us-gaap |
Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.97 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.79 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.31 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.69 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.96 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.77 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.27 | ||
us-gaap |
Earnings Per Share Reconciliation Disclosure
EarningsPerShareReconciliationDisclosure
|
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 attributable to MasTec by the weighted average number of fully diluted shares, as calculated under the treasury stock method, which includes the potential effect of dilutive common stock equivalents, such as issued but unvested restricted shares and/or outstanding but unexercised stock options. The Company has no remaining outstanding stock options; all options under the Company’s stock option grants were exercised in 2016. If the Company reports a loss, rather than income, the computation of diluted loss per share excludes the effect of dilutive common stock equivalents, as their effect would be anti-dilutive. | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-1008000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
237000 | USD | |
CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
67126000 | USD |
CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
119553000 | USD |
CY2016Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1700000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
5600000 | USD | |
CY2017Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1300000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3800000 | USD | |
CY2016Q3 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
300000 | USD |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1400000 | USD | |
CY2017Q3 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
0 | USD |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
100000 | USD | |
us-gaap |
Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
|
MasTec manages its operations under five operating segments, which represent MasTec’s five reportable segments: (1) Communications; (2) Oil and Gas; (3) Electrical Transmission; (4) Power Generation and Industrial and (5) Other. This structure is generally focused on broad end-user markets for MasTec’s labor-based construction services. | ||
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
143600000 | USD |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-378000 | USD | |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
3335000 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
67131000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
195031000 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
66397000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
202001000 | USD | |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
995874000 | USD |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
1135450000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
135300000 | USD | |
CY2017Q3 | us-gaap |
Goodwill Gross
GoodwillGross
|
1210900000 | USD |
CY2017Q3 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
75400000 | USD |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
95346000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
132417000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
107579000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
314330000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
56500000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
78100000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
64200000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
188200000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-6000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3549000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7399000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
15105000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | USD |
us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | USD |
us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
0 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
38816000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
54331000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
43378000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
126170000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
15141000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
77533000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
172731000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
132963000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
302590000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
334383000 | USD | |
us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
16581000 | USD | |
us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-54199000 | USD | |
us-gaap |
Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
|
8883000 | USD | |
us-gaap |
Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
|
-4603000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
18900000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-33579000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-48032000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
61900000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-8872000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
39030000 | USD | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1083000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
918000 | shares | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1433000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1422000 | shares | |
CY2016Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
323300000 | USD |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
179711000 | USD |
CY2017Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
195454000 | USD |
CY2016Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
1175600000 | USD |
CY2017Q3 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
1330900000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
40433000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
47163000 | USD | |
CY2016Q3 | us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-13097000 | USD |
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-37895000 | USD | |
CY2017Q3 | us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-17578000 | 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. | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-27629000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
75622000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-94061000 | USD | |
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-44966000 | USD | |
CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
111031000 | USD |
CY2017Q3 | us-gaap |
Inventory Net
InventoryNet
|
84460000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
2079498000 | USD |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
2639130000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3183132000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3942175000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
839990000 | USD |
CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1002151000 | USD |
CY2016Q4 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
278100000 | USD |
CY2017Q3 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
444700000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
961379000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1192311000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
64600000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
86547000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
1026000000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
1278800000 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
7103000 | USD |
CY2017Q3 | us-gaap |
Minority Interest
MinorityInterest
|
7592000 | USD |
CY2016Q3 | us-gaap |
Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
|
29300000 | USD |
us-gaap |
Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
|
51000000 | USD | |
CY2017Q3 | us-gaap |
Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
|
39400000 | USD |
us-gaap |
Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
|
76100000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-249429000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
127141000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
178625000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
56277000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
77672000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
63752000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
186390000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
253000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
414000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
449000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1770000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
56277000 | USD |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
77672000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
63752000 | USD |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
186390000 | USD | |
CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
971000 | USD |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
853000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
115995000 | USD | |
us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
8858000 | USD | |
us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
77105000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
12803000 | USD | |
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4677000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4102000 | USD | |
us-gaap |
Number Of Businesses Acquired
NumberOfBusinessesAcquired
|
3 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
5 | segment | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
5 | segment | |
CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
55109000 | USD |
CY2017Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
30843000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
55977000 | USD |
CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
172094000 | USD |
CY2016Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-1454000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
4417000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
641000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
2415000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-345000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-12932000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
808000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-1287000 | USD | |
CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
70846000 | USD |
CY2017Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
98171000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
99774000 | USD |
CY2017Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
170203000 | USD |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1951000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-14920000 | USD | |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
19822000 | USD | |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
18843000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
0 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
1280000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
4102000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
89050000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
83330000 | USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
41548000 | USD |
CY2017Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
53832000 | USD |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
2002430000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1385000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6301000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
1125000 | USD | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
1186816000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
1586181000 | USD |
us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
13416000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
6824000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
13585000 | USD | |
CY2016Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1900000 | USD | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
56530000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
78086000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
64201000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
188160000 | USD | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1182200000 | USD |
CY2017Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1426100000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
549084000 | USD |
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
691430000 | USD |
CY2016Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
400000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2000000 | USD | |
CY2017Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
400000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1100000 | 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
|
41828000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
48748000 | USD | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
1149930000 | USD | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
1840409000 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
50000000 | USD | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
60800000 | USD | |
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
8188000 | USD | |
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
12080000 | USD | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
509941000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
696331000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
|
10600000 | USD |
us-gaap |
Revenues
Revenues
|
3792811000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
1955752000 | USD |
us-gaap |
Revenues
Revenues
|
5004116000 | USD | |
us-gaap |
Segment Reporting Description Of All Other Segments
SegmentReportingDescriptionOfAllOtherSegments
|
The Other segment includes equity investees, the services of which vary from those provided by the Company’s four primary segments, as well as other small business units that perform construction and other services for a variety of international end-markets. | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
500000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1800000 | USD | |
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. Much of the work performed by the Company is evaluated for defects shortly after the work is completed. | ||
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1096531000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1295453000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1103634000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1303045000 | USD |
CY2016Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
40300000 | USD |
CY2017Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
19800000 | USD |
CY2016Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
8094004 | shares |
CY2017Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
8094004 | shares |
CY2016Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
145573000 | USD |
CY2017Q3 | 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 such costs as a cost of contract performance in the period incurred if it is not probable that the costs will be recovered, and defers costs 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. As of September 30, 2017 and December 31, 2016, the Company had approximately $77 million and $17 million, respectively, of change orders and/or claims that had been included as contract price adjustments on certain contracts that were in the process of being resolved in the normal course of business, including through negotiation, arbitration and other proceedings. These contract price adjustments, which are included within costs and earnings in excess of billings or billed accounts receivable, as appropriate, represent management’s best estimate of contract revenue that has been earned and that management believes is probable of collection. As of both September 30, 2017 and December 31, 2016, these change orders were primarily related to contracts in the Oil and Gas segment. The Company actively engages in substantive meetings with its customers to complete the final approval process, and generally expects these processes to be completed within one year. The amounts ultimately realized upon final acceptance by its customers could be higher or lower than such estimated amounts. | ||
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81545000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81241000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82386000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82281000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80462000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80323000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80953000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80859000 | 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. Much of the materials associated with the Company’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’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 management’s assessment of expected contract settlements are factors that influence estimates of total contract value and total costs to complete those contracts and, therefore, the Company’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’s results of operations in the period in which such changes are recognized. For both the </font><font style="font-family:inherit;font-size:9pt;">nine</font><font style="font-family:inherit;font-size:9pt;"> month periods ended </font><font style="font-family:inherit;font-size:9pt;">September 30, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, 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 </font><font style="font-family:inherit;font-size:9pt;">December 31, 2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">. 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 consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions that affect the amounts reported in the consolidated 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 project-related depreciation), in particular, on construction contracts accounted for under the percentage-of-completion method, for which the recorded amounts require estimates of costs to complete and the amount of probable contract price adjustments; allowances for doubtful accounts; estimated fair values of goodwill and intangible assets; acquisition-related contingent consideration and investments in equity investees; asset lives used in computing depreciation and amortization; fair values of financial instruments; accrued self-insured claims; share-based compensation; other accruals and allowances; accounting for income taxes; and the estimated impact of litigation and other contingencies. While management believes that such estimates are reasonable when considered in conjunction with the Company’s consolidated financial position and results of operations taken as a whole, actual results could differ materially from those estimates.</font></div></div> |