2018 Q2 Form 10-Q Financial Statement

#000001561518000027 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.618B $1.890B
YoY Change -14.41% 53.38%
Cost Of Revenue $1.367B $1.626B
YoY Change -15.97% 52.25%
Gross Profit $251.2M $263.8M
YoY Change -4.78% 60.66%
Gross Profit Margin 15.53% 13.96%
Selling, General & Admin $67.60M $70.80M
YoY Change -4.52% 4.27%
% of Gross Profit 26.91% 26.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.70M $45.38M
YoY Change 13.93% 11.61%
% of Gross Profit 20.58% 17.2%
Operating Expenses $120.1M $116.4M
YoY Change 3.18% 5.82%
Operating Profit $131.1M $147.4M
YoY Change -11.06% 171.96%
Interest Expense -$15.00M -$8.700M
YoY Change 72.41% -28.69%
% of Operating Profit -11.44% -5.9%
Other Income/Expense, Net -$800.0K -$146.0K
YoY Change 447.95% -90.42%
Pretax Income $116.2M $138.8M
YoY Change -16.26% 230.09%
Income Tax $35.80M $55.43M
% Of Pretax Income 30.81% 39.95%
Net Earnings $80.50M $81.70M
YoY Change -1.47% 239.0%
Net Earnings / Revenue 4.98% 4.32%
Basic Earnings Per Share $1.02 $1.01
Diluted Earnings Per Share $1.01 $0.99
COMMON SHARES
Basic Shares Outstanding 78.98M shares 80.93M shares
Diluted Shares Outstanding 80.06M shares 82.29M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.70M $18.20M
YoY Change 13.74% 106.82%
Cash & Equivalents $20.70M $18.23M
Short-Term Investments
Other Short-Term Assets $40.15M $27.27M
YoY Change 47.22% -55.42%
Inventory $100.2M $95.54M
Prepaid Expenses $43.22M $80.27M
Receivables $2.077B $1.569B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.282B $1.791B
YoY Change 27.42% 35.47%
LONG-TERM ASSETS
Property, Plant & Equipment $739.4M $648.5M
YoY Change 14.03% 15.99%
Goodwill $1.147B $1.040B
YoY Change 10.22% 4.23%
Intangibles $181.5M $185.9M
YoY Change -2.38% -3.45%
Long-Term Investments
YoY Change
Other Assets $232.8M $158.1M
YoY Change 47.29% 201.86%
Total Long-Term Assets $2.300B $2.033B
YoY Change 13.16% 12.8%
TOTAL ASSETS
Total Short-Term Assets $2.282B $1.791B
Total Long-Term Assets $2.300B $2.033B
Total Assets $4.582B $3.823B
YoY Change 19.84% 22.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $544.4M $429.6M
YoY Change 26.72% -2.57%
Accrued Expenses $187.4M $134.8M
YoY Change 39.02% 58.52%
Deferred Revenue $251.1M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $84.20M $75.40M
YoY Change 11.67% 7.1%
Total Short-Term Liabilities $1.253B $928.7M
YoY Change 34.89% 7.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.533B $1.314B
YoY Change 16.68% 31.6%
Other Long-Term Liabilities $159.6M $94.90M
YoY Change 68.17% 4.88%
Total Long-Term Liabilities $159.6M $94.90M
YoY Change 68.17% 4.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.253B $928.7M
Total Long-Term Liabilities $159.6M $94.90M
Total Liabilities $3.152B $2.590B
YoY Change 21.67% 20.27%
SHAREHOLDERS EQUITY
Retained Earnings $965.8M $632.6M
YoY Change 52.67% 58.12%
Common Stock $792.9M $805.1M
YoY Change -1.52% 1.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.428B $1.226B
YoY Change
Total Liabilities & Shareholders Equity $4.582B $3.823B
YoY Change 19.84% 22.39%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $80.50M $81.70M
YoY Change -1.47% 239.0%
Depreciation, Depletion And Amortization $51.70M $45.38M
YoY Change 13.93% 11.61%
Cash From Operating Activities -$60.30M -$254.4M
YoY Change -76.3% -2119.05%
INVESTING ACTIVITIES
Capital Expenditures -$65.50M -$28.00M
YoY Change 133.93% -44.66%
Acquisitions
YoY Change
Other Investing Activities -$14.80M -$51.70M
YoY Change -71.37% -1666.67%
Cash From Investing Activities -$80.20M -$79.70M
YoY Change 0.63% 68.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 121.2M 336.6M
YoY Change -63.99% 750.0%
NET CHANGE
Cash From Operating Activities -60.30M -254.4M
Cash From Investing Activities -80.20M -79.70M
Cash From Financing Activities 121.2M 336.6M
Net Change In Cash -19.30M 2.500M
YoY Change -872.0% -48.98%
FREE CASH FLOW
Cash From Operating Activities -$60.30M -$254.4M
Capital Expenditures -$65.50M -$28.00M
Free Cash Flow $5.200M -$226.4M
YoY Change -102.3% -458.23%

Facts In Submission

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EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
89087000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
108647000 USD
CY2017Q2 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
2500000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1800000 USD
CY2018Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
18000000 USD
CY2017Q2 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
CY2018Q2 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
200000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
200000 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.
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
165800000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1873000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
6920000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
70823000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
76633000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
135604000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67602000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
131224000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1137738000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
1146599000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9800000 USD
CY2018Q2 us-gaap Goodwill Gross
GoodwillGross
1218200000 USD
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
71600000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1600000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
138766000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
206751000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
116183000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
153772000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
83300000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
124000000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
80400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
106900000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6060000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7706000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5824000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11409000 USD
CY2017Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2018Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55434000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82792000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35782000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46908000 USD
CY2017Q4 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-120100000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1500000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-13975000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
113975000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
180150000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
388818000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
471716000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-58594000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
44524000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
-9760000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
8361000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-28295000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8550000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
81286000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-58949000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5189000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
10813000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
356900000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
191142000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
181515000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1328900000 USD
CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1328100000 USD
us-gaap Interest Paid Net
InterestPaidNet
25743000 USD
us-gaap Interest Paid Net
InterestPaidNet
36068000 USD
CY2017Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-14791000 USD
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-27388000 USD
CY2018Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-20795000 USD
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
-37854000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
76992000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
100231000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2633223000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
3151759000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4066576000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4582157000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
963827000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1252777000 USD
CY2017Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
388700000 USD
CY2018Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
366000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1280706000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1532978000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
87866000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
84215000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1368600000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1617200000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
2554000 USD
CY2018Q2 us-gaap Minority Interest
MinorityInterest
2366000 USD
CY2017Q2 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
31000000 USD
us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
37300000 USD
CY2018Q2 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
21800000 USD
us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
35100000 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 (“MEPPs”), 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
228790000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67724000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-149292000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-111095000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-100160000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23217000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
81668000 USD
us-gaap Net Income Loss
NetIncomeLoss
122638000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
80492000 USD
us-gaap Net Income Loss
NetIncomeLoss
107052000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1664000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1321000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-91000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-188000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
81668000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
122638000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
80492000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
107052000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-146000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-576000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-788000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2301000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
35763000 USD
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
40152000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
178824000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
232848000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
595000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1774000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1652000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2175000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2730000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2095000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2937000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10653000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
65455000 USD
CY2018Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
84899000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
184172000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
159593000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13190000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2686000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
6676000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
15929000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
128311000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37444000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6684000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
74482000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
35713000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
56853000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
87997000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1280000 USD
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
559000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2018Q2 us-gaap Profit Loss
ProfitLoss
80401000 USD
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
101270000 USD
CY2018Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
43216000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1927000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1153230000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1638874000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6240000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
12118000 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
5415000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7369000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13884000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
83332000 USD
us-gaap Profit Loss
ProfitLoss
123959000 USD
us-gaap Profit Loss
ProfitLoss
106864000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1455600000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1536000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
706506000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
739425000 USD
CY2017Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000 USD
CY2018Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1400000 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
30858000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
37926000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
869100000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1374552000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
41100000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
53700000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
10291000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
15800000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
857154000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
965768000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5100000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3000000000 USD
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6M
CY2017Q2 us-gaap Revenues
Revenues
1890180000 USD
us-gaap Revenues
Revenues
3048364000 USD
CY2018Q2 us-gaap Revenues
Revenues
1617804000 USD
us-gaap Revenues
Revenues
3014638000 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.
CY2017Q4 us-gaap Senior Notes
SeniorNotes
400000000 USD
CY2018Q2 us-gaap Senior Notes
SeniorNotes
400000000 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.
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1430799000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1428032000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1433353000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1430398000 USD
CY2017Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
8132811 shares
CY2018Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10835749 shares
CY2017Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
147124000 USD
CY2018Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
275435000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29900000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1075000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
128300000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1367000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1414000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1078000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82292000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82226000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80062000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81136000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80925000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80812000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78984000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80061000 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-top:8px;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 Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;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-top:8px;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The preparation of consolidated financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates are based on historical experience and various other assumptions, the results of which form the basis of making judgments about the Company&#8217;s operating results and the carrying values of assets and liabilities that are not readily apparent from other sources. 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 cost-to-cost method, for which the recorded amounts require estimates of costs to complete and the amount of variable consideration included in the contract transaction price; allowances for doubtful accounts; fair value estimates, including those related to business acquisitions, valuations of goodwill and intangible assets, acquisition-related contingent consideration and equity investments; asset lives used in computing depreciation and amortization; fair values of financial instruments; self-insurance liabilities; other accruals and allowances; income taxes; and the estimated effects 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>

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