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10-Q Filing

MASTEC INC CIK: 15615 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000015615-16-000101
Period End Date 20160331
Filing Date 20160505
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance mtz-20160331.xml
Filing Contents
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $28.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $24.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.88M USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $970.89M USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $911.11M USD Point-in-time
Inventories, net InventoryNet $90.60M USD Point-in-time
Inventories, net InventoryNet $99.41M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $50.59M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $54.88M USD Point-in-time
Other current assets OtherAssetsCurrent $68.19M USD Point-in-time
Other current assets OtherAssetsCurrent $73.77M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Total current assets AssetsCurrent $1.13B USD Point-in-time
Total current assets AssetsCurrent $1.20B USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $547.96M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $558.67M USD Point-in-time
Goodwill Goodwill $988.51M USD Point-in-time
Goodwill Goodwill $991.98M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $197.50M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $199.38M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $51.03M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 88.20M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 90.31M shares Point-in-time
Other long-term assets OtherAssetsNoncurrent $50.66M USD Point-in-time
Total assets Assets $2.93B USD Point-in-time
Total assets Assets $2.99B USD Point-in-time
Treasury stock, shares TreasuryStockShares 8.09M shares Point-in-time
Treasury stock, shares TreasuryStockShares 8.09M shares Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $74.06M USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $77.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $363.14M USD Point-in-time
Accounts payable AccountsPayableCurrent $348.54M USD Point-in-time
Accrued salaries and wages EmployeeRelatedLiabilitiesCurrent $73.12M USD Point-in-time
Accrued salaries and wages EmployeeRelatedLiabilitiesCurrent $46.55M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $69.37M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $59.24M USD Point-in-time
Acquisition-related contingent consideration, current BusinessCombinationContingentConsiderationLiabilityCurrent $17.73M USD Point-in-time
Acquisition-related contingent consideration, current BusinessCombinationContingentConsiderationLiabilityCurrent $17.03M USD Point-in-time
Billings in excess of costs and earnings BillingsInExcessOfCostCurrent $177.68M USD Point-in-time
Billings in excess of costs and earnings BillingsInExcessOfCostCurrent $149.48M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $47.39M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $43.46M USD Point-in-time
Total current liabilities LiabilitiesCurrent $752.53M USD Point-in-time
Total current liabilities LiabilitiesCurrent $811.66M USD Point-in-time
Acquisition-related contingent consideration, net of current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $41.67M USD Point-in-time
Acquisition-related contingent consideration, net of current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $40.63M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $938.72M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $932.87M USD Point-in-time
Long-term deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $174.40M USD Point-in-time
Long-term deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $188.76M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $68.12M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $77.36M USD Point-in-time
Total liabilities Liabilities $1.98B USD Point-in-time
Total liabilities Liabilities $2.04B USD Point-in-time
Commitments and contingencies (See Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (See Note 14) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares none PreferredStockValue - USD Point-in-time
Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares none PreferredStockValue - USD Point-in-time
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 90,314,373 (including 1,952,832 of unvested restricted shares) and 88,197,474 as of March 31, 2016 and December 31, 2015, respectively CommonStockValue $8.84M USD Point-in-time
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 90,314,373 (including 1,952,832 of unvested restricted shares) and 88,197,474 as of March 31, 2016 and December 31, 2015, respectively CommonStockValue $8.82M USD Point-in-time
Capital surplus AdditionalPaidInCapitalCommonStock $775.72M USD Point-in-time
Capital surplus AdditionalPaidInCapitalCommonStock $770.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $378.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $375.99M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-72.35M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-74.74M USD Point-in-time
Treasury stock, at cost: 8,094,004 shares as of both March 31, 2016 and December 31, 2015 TreasuryStockValue $145.57M USD Point-in-time
Treasury stock, at cost: 8,094,004 shares as of both March 31, 2016 and December 31, 2015 TreasuryStockValue $145.57M USD Point-in-time
Total MasTec, Inc. shareholders equity StockholdersEquity $939.57M USD Point-in-time
Total MasTec, Inc. shareholders equity StockholdersEquity $940.23M USD Point-in-time
Non-controlling interests MinorityInterest $3.82M USD Point-in-time
Non-controlling interests MinorityInterest $3.63M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $943.86M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $943.39M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.99B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.93B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Revenue Revenues $1.00B USD 1 Quarter
Revenue Revenues $974.23M USD 1 Quarter
Costs of revenue, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $886.41M USD 1 Quarter
Costs of revenue, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $884.40M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $39.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $42.60M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $74.03M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $60.05M USD 1 Quarter
Interest expense, net InterestRevenueExpenseNet $-10.97M USD 1 Quarter
Interest expense, net InterestRevenueExpenseNet $-12.16M USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-585.00K USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $3.07M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $13.36M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $592.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-4.97M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-10.74M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-4.35M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-2.09M USD 1 Quarter
Net loss ProfitLoss $-6.39M USD 1 Quarter
Net loss ProfitLoss $-2.88M USD 1 Quarter
Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-125.00K USD 1 Quarter
Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-189.00K USD 1 Quarter
Net loss attributable to MasTec, Inc. NetIncomeLoss $-2.69M USD 1 Quarter
Net loss attributable to MasTec, Inc. NetIncomeLoss $-6.26M USD 1 Quarter
Basic loss per share EarningsPerShareBasic $-0.08 USD 1 Quarter
Basic loss per share EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 80.16M shares 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 82.40M shares 1 Quarter
Diluted loss per share EarningsPerShareDiluted $-0.08 USD 1 Quarter
Diluted loss per share EarningsPerShareDiluted $-0.03 USD 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 82.40M shares 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 80.16M shares 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-6.39M USD 1 Quarter
Net loss ProfitLoss $-2.88M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $39.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $42.60M USD 1 Quarter
Non-cash interest expense, net AmortizationOfFinancingCostsAndDiscounts $736.00K USD 1 Quarter
Non-cash interest expense, net AmortizationOfFinancingCostsAndDiscounts $639.00K USD 1 Quarter
Non-cash stock-based compensation expense AllocatedShareBasedCompensationExpense $3.52M USD 1 Quarter
Non-cash stock-based compensation expense AllocatedShareBasedCompensationExpense $3.58M USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $248.00K USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Benefit from deferred income taxes DeferredIncomeTaxExpenseBenefit $-6.69M USD 1 Quarter
Benefit from deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.37M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-881.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-473.00K USD 1 Quarter
Gains on sales of assets GainLossOnSalesOfAssetsAndAssetImpairmentCharges $441.00K USD 1 Quarter
Gains on sales of assets GainLossOnSalesOfAssetsAndAssetImpairmentCharges $1.02M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $54.99M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-150.01M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-12.28M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.09M USD 1 Quarter
Other assets, current and long-term portion IncreaseDecreaseInOtherOperatingAssets $-25.25M USD 1 Quarter
Other assets, current and long-term portion IncreaseDecreaseInOtherOperatingAssets $2.84M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-78.70M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $23.25M USD 1 Quarter
Billings in excess of costs and earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-7.51M USD 1 Quarter
Billings in excess of costs and earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings $28.04M USD 1 Quarter
Book overdrafts IncreaseDecreaseInBookOverdrafts $-3.71M USD 1 Quarter
Book overdrafts IncreaseDecreaseInBookOverdrafts $7.86M USD 1 Quarter
Other liabilities, current and long-term portion IncreaseDecreaseInOtherOperatingLiabilities $-28.52M USD 1 Quarter
Other liabilities, current and long-term portion IncreaseDecreaseInOtherOperatingLiabilities $3.97M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $15.85M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $118.83M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $148.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $19.66M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $13.34M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.36M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.24M USD 1 Quarter
Payments for other investments PaymentsToAcquireOtherInvestments $31.96M USD 1 Quarter
Payments for other investments PaymentsToAcquireOtherInvestments $1.51M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.62M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-50.41M USD 1 Quarter
Proceeds from credit facilities ProceedsFromLongTermLinesOfCredit $439.51M USD 1 Quarter
Proceeds from credit facilities ProceedsFromLongTermLinesOfCredit $335.75M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLongTermLinesOfCredit $404.78M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLongTermLinesOfCredit $320.74M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherLongTermDebt $3.12M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherLongTermDebt $6.54M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $14.18M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $12.11M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $83.26M USD 1 Quarter
Proceeds from stock-based awards, net of tax withholdings ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $925.00K USD 1 Quarter
Proceeds from stock-based awards, net of tax withholdings ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.82M USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $248.00K USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-62.83M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-3.65M USD 1 Quarter
Effect of currency translation on cash EffectOfExchangeRateOnCashAndCashEquivalents $-682.00K USD 1 Quarter
Effect of currency translation on cash EffectOfExchangeRateOnCashAndCashEquivalents $-957.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.10M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $4.63M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $4.98M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $28.69M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $24.06M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $3.88M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $4.98M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $28.69M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $24.06M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $3.88M USD Point-in-time
Interest paid InterestPaid $15.83M USD 1 Quarter
Interest paid InterestPaid $15.63M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $2.29M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $1.47M USD 1 Quarter
Equipment acquired under capital lease CapitalLeaseObligationsIncurred - USD 1 Quarter
Equipment acquired under capital lease CapitalLeaseObligationsIncurred $4.01M USD 1 Quarter
Accrued capital expenditures CapitalExpendituresIncurredButNotYetPaid $3.63M USD 1 Quarter
Accrued capital expenditures CapitalExpendituresIncurredButNotYetPaid $6.81M USD 1 Quarter
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-6.39M USD 1 Quarter
Net loss ProfitLoss $-2.88M USD 1 Quarter
Foreign currency translation gains (losses), net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.62M USD 1 Quarter
Foreign currency translation gains (losses), net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-22.03M USD 1 Quarter
Unrealized losses on equity method investment activity, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized losses on equity method investment activity, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-8.01M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-5.27M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-28.42M USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-125.00K USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-189.00K USD 1 Quarter
Comprehensive loss attributable to MasTec, Inc. ComprehensiveIncomeNetOfTax $-28.29M USD 1 Quarter
Comprehensive loss attributable to MasTec, Inc. ComprehensiveIncomeNetOfTax $-5.08M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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