2017 Q4 Form 10-Q Financial Statement

#000001561517000034 Filed on November 02, 2017

View on sec.gov

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
CY2016Q3 mtz Ebitda
Ebitda
151000000 USD
mtz Ebitda
Ebitda
292600000 USD
CY2017Q3 mtz Ebitda
Ebitda
175300000 USD
mtz Ebitda
Ebitda
497700000 USD
mtz Intangible Assets Acquired Gross Excluding Goodwill
IntangibleAssetsAcquiredGrossExcludingGoodwill
26800000 USD
mtz Intangible Assets Gross Excluding Goodwill Translation Adjustments
IntangibleAssetsGrossExcludingGoodwillTranslationAdjustments
4000000 USD
CY2016Q4 mtz Longterm Debtand Capital Lease Obligations Including Current Maturities Gross
LongtermDebtandCapitalLeaseObligationsIncludingCurrentMaturitiesGross
1035800000 USD
CY2017Q3 mtz Longterm Debtand Capital Lease Obligations Including Current Maturities Gross
LongtermDebtandCapitalLeaseObligationsIncludingCurrentMaturitiesGross
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
NetFinancingActivitiesAndAdvancesFromToConsolidatedAffiliates
0 USD
mtz Number Of Customers1
NumberOfCustomers1
455 customer
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
363668000 USD
CY2017Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
457213000 USD
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1164400000 USD
CY2017Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1543800000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1156031000 USD
CY2017Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1534790000 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
112291000 USD
CY2017Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
128769000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
633100000 USD
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
734700000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-65814000 USD
CY2017Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-64686000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
788914000 USD
CY2017Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
800297000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10551000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11291000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8400000 USD
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2209000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2375000 USD
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15700000 USD
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000 USD
CY2016Q4 us-gaap Assets
Assets
3183132000 USD
CY2017Q3 us-gaap Assets
Assets
3942175000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
1402486000 USD
CY2017Q3 us-gaap Assets Current
AssetsCurrent
1747747000 USD
CY2016Q4 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
161459000 USD
CY2017Q3 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
111898000 USD
us-gaap 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.
CY2016Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
59000000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
81500000 USD
CY2017Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
64400000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
192000000 USD
CY2016Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1634500000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3934600000 USD
CY2017Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1955800000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5077400000 USD
CY2017Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
3200000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
4700000 USD
CY2017Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
62200000 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
96100000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4119000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1345000 USD
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
98600000 USD
CY2017Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
179900000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
13015000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
129567000 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
107800000 USD
CY2017Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
108700000 USD
CY2016Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
30900000 USD
CY2017Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
24800000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4984000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9427000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38767000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43822000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3938000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4443000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5055000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
145000000 shares
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
145000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90634771 shares
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90843339 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
9063000 USD
CY2017Q3 us-gaap Common Stock Value
CommonStockValue
9084000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54478000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
69157000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65201000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
187518000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
253000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
414000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
449000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1770000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
54731000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
69571000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
65650000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
189288000 USD
CY2016Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
564200000 USD
CY2017Q3 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
626700000 USD
CY2016Q4 us-gaap Contract Receivable Retainage Due One Year Or Less
ContractReceivableRetainageDueOneYearOrLess
268600000 USD
CY2017Q3 us-gaap Contract Receivable Retainage Due One Year Or Less
ContractReceivableRetainageDueOneYearOrLess
287600000 USD
CY2016Q3 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
1368988000 USD
us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
3321571000 USD
CY2017Q3 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
1726173000 USD
us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
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&#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 management&#8217;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&#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. 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&#160;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&#160;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&#8217;s consolidated financial position and results of operations taken as a whole, actual results could differ materially from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0000015615-17-000034-index-headers.html Edgar Link pending
0000015615-17-000034-index.html Edgar Link pending
0000015615-17-000034.txt Edgar Link pending
0000015615-17-000034-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image0a08.jpg Edgar Link pending
mtz-20170930.xml Edgar Link completed
mtz-20170930.xsd Edgar Link pending
mtz-20170930_cal.xml Edgar Link unprocessable
mtz-20170930_def.xml Edgar Link unprocessable
mtz-20170930_lab.xml Edgar Link unprocessable
mtz-20170930_pre.xml Edgar Link unprocessable
mtz9301710-q.htm Edgar Link pending
mtz9301710-qex121.htm Edgar Link pending
mtz9301710-qex311.htm Edgar Link pending
mtz9301710-qex312.htm Edgar Link pending
mtz9301710-qex321.htm Edgar Link pending
mtz9301710-qex322.htm Edgar Link pending
mtz9301710-qex41.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending