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10-Q Filing

MASTEC INC CIK: 15615 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000015615-17-000015
Period End Date 20170331
Filing Date 20170504
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance mtz-20170331.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.88M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $38.77M USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $1.09B USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $1.16B USD Point-in-time
Inventories, net InventoryNet $99.65M USD Point-in-time
Inventories, net InventoryNet $111.03M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $35.87M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $41.55M USD Point-in-time
Other current assets OtherAssetsCurrent $55.11M USD Point-in-time
Other current assets OtherAssetsCurrent $29.79M USD Point-in-time
Total current assets AssetsCurrent $1.27B USD Point-in-time
Total current assets AssetsCurrent $1.40B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $549.08M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $570.48M 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Goodwill, net Goodwill $996.38M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Goodwill, net Goodwill $995.87M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $179.71M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $176.03M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other long-term assets OtherAssetsNoncurrent $55.98M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other long-term assets OtherAssetsNoncurrent $105.84M 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
Total assets Assets $3.12B USD Point-in-time
Total assets Assets $3.18B 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
Common stock, shares issued CommonStockSharesIssued 90.79M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 90.63M shares Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $64.60M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $62.69M USD Point-in-time
Accounts payable AccountsPayableCurrent $363.67M USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 8.09M shares Point-in-time
Accounts payable AccountsPayableCurrent $294.28M USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 8.09M shares Point-in-time
Accrued salaries and wages EmployeeRelatedLiabilitiesCurrent $67.13M USD Point-in-time
Accrued salaries and wages EmployeeRelatedLiabilitiesCurrent $60.41M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $112.29M USD Point-in-time
Other accrued expenses AccruedLiabilitiesCurrent $126.69M USD Point-in-time
Billings in excess of costs and earnings BillingsInExcessOfCostCurrent $181.14M USD Point-in-time
Billings in excess of costs and earnings BillingsInExcessOfCostCurrent $161.46M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $88.05M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $70.85M USD Point-in-time
Total current liabilities LiabilitiesCurrent $813.26M USD Point-in-time
Total current liabilities LiabilitiesCurrent $839.99M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $893.36M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $961.38M USD Point-in-time
Long-term deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $178.35M USD Point-in-time
Long-term deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $175.03M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $99.77M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $86.37M USD Point-in-time
Total liabilities Liabilities $1.97B USD Point-in-time
Total liabilities Liabilities $2.08B USD Point-in-time
Commitments and contingencies (Note 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (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 - 90,787,596 and 90,634,771 (including 1,792,659 and 1,927,286 of unvested restricted shares) as of March 31, 2017 and December 31, 2016, respectively CommonStockValue $9.06M USD Point-in-time
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 90,787,596 and 90,634,771 (including 1,792,659 and 1,927,286 of unvested restricted shares) as of March 31, 2017 and December 31, 2016, respectively CommonStockValue $9.08M USD Point-in-time
Capital surplus AdditionalPaidInCapitalCommonStock $791.91M USD Point-in-time
Capital surplus AdditionalPaidInCapitalCommonStock $788.91M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $550.91M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $509.94M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-64.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-65.81M USD Point-in-time
Treasury stock, at cost: 8,094,004 shares as of both March 31, 2017 and December 31, 2016 TreasuryStockCommonValue $145.57M USD Point-in-time
Treasury stock, at cost: 8,094,004 shares as of both March 31, 2017 and December 31, 2016 TreasuryStockCommonValue $145.57M USD Point-in-time
Total MasTec, Inc. shareholders equity StockholdersEquity $1.10B USD Point-in-time
Total MasTec, Inc. shareholders equity StockholdersEquity $1.14B USD Point-in-time
Non-controlling interests MinorityInterest $5.48M USD Point-in-time
Non-controlling interests MinorityInterest $7.10M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.10B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.15B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.18B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.12B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Revenue Revenues $974.23M USD 1 Quarter
Revenue Revenues $1.16B USD 1 Quarter
Costs of revenue, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $884.40M USD 1 Quarter
Costs of revenue, excluding depreciation and amortization CostOfServicesExcludingDepreciationDepletionAndAmortization $971.13M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $39.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $42.90M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $64.78M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $60.05M USD 1 Quarter
Interest expense, net InterestRevenueExpenseNet $-12.60M USD 1 Quarter
Interest expense, net InterestRevenueExpenseNet $-12.16M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $3.07M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $1.65M USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $13.36M USD 1 Quarter
Other expense (income), net NonoperatingIncomeExpense $-429.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-4.97M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $67.98M USD 1 Quarter
(Provision for) benefit from income taxes IncomeTaxExpenseBenefit $27.36M USD 1 Quarter
(Provision for) benefit from income taxes IncomeTaxExpenseBenefit $-2.09M USD 1 Quarter
Net income (loss) ProfitLoss $40.63M USD 1 Quarter
Net income (loss) ProfitLoss $-2.88M USD 1 Quarter
Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-343.00K USD 1 Quarter
Net loss attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-189.00K USD 1 Quarter
Net income (loss) attributable to MasTec, Inc. NetIncomeLoss $40.97M USD 1 Quarter
Net income (loss) attributable to MasTec, Inc. NetIncomeLoss $-2.69M USD 1 Quarter
Basic earnings (loss) per share (in dollars per share) EarningsPerShareBasic $0.51 USD 1 Quarter
Basic earnings (loss) per share (in dollars per share) EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 80.70M shares 1 Quarter
Basic weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 80.16M shares 1 Quarter
Diluted earnings (loss) per share (in dollars per share) EarningsPerShareDiluted $0.50 USD 1 Quarter
Diluted earnings (loss) per share (in dollars per share) EarningsPerShareDiluted $-0.03 USD 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 80.16M shares 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 82.16M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $40.63M USD 1 Quarter
Net income (loss) ProfitLoss $-2.88M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $39.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $42.90M USD 1 Quarter
Non-cash interest expense, net AmortizationOfFinancingCostsAndDiscounts $870.00K USD 1 Quarter
Non-cash interest expense, net AmortizationOfFinancingCostsAndDiscounts $736.00K USD 1 Quarter
Non-cash stock-based compensation expense AllocatedShareBasedCompensationExpense $3.77M USD 1 Quarter
Non-cash stock-based compensation expense AllocatedShareBasedCompensationExpense $3.52M USD 1 Quarter
Provision for (benefit from) deferred income taxes DeferredIncomeTaxExpenseBenefit $8.40M USD 1 Quarter
Provision for (benefit from) deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.37M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $3.07M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $1.65M USD 1 Quarter
Gains on sales of assets, net, including estimated losses on fixed assets held-for-sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges $57.00K USD 1 Quarter
Gains on sales of assets, net, including estimated losses on fixed assets held-for-sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges $1.02M USD 1 Quarter
Other non-cash items, net OtherNoncashIncomeExpense $-633.00K USD 1 Quarter
Other non-cash items, net OtherNoncashIncomeExpense $-288.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-73.72M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $54.99M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-21.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.09M USD 1 Quarter
Other assets, current and long-term portion IncreaseDecreaseInOtherOperatingAssets $-2.19M USD 1 Quarter
Other assets, current and long-term portion IncreaseDecreaseInOtherOperatingAssets $-28.84M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-74.12M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $23.25M USD 1 Quarter
Billings in excess of costs and earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings $28.04M USD 1 Quarter
Billings in excess of costs and earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings $19.61M USD 1 Quarter
Book overdrafts IncreaseDecreaseInBookOverdrafts $-3.71M USD 1 Quarter
Book overdrafts IncreaseDecreaseInBookOverdrafts $-2.19M USD 1 Quarter
Other liabilities, current and long-term portion IncreaseDecreaseInOtherOperatingLiabilities $-29.04M USD 1 Quarter
Other liabilities, current and long-term portion IncreaseDecreaseInOtherOperatingLiabilities $18.39M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $15.85M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $154.17M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $13.34M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $28.90M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $511.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.24M USD 1 Quarter
Payments for other investments PaymentsToAcquireOtherInvestments $53.35M USD 1 Quarter
Payments for other investments PaymentsToAcquireOtherInvestments $1.51M USD 1 Quarter
Proceeds from other investments ProceedsFromSaleAndMaturityOfOtherInvestments $12.12M USD 1 Quarter
Proceeds from other investments ProceedsFromSaleAndMaturityOfOtherInvestments - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.62M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-69.62M USD 1 Quarter
Proceeds from credit facilities ProceedsFromLongTermLinesOfCredit $335.75M USD 1 Quarter
Proceeds from credit facilities ProceedsFromLongTermLinesOfCredit $361.74M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLongTermLinesOfCredit $447.11M USD 1 Quarter
Repayments of credit facilities RepaymentsOfLongTermLinesOfCredit $320.74M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherLongTermDebt $1.50M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherLongTermDebt $6.54M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $12.91M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $14.18M USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts $5.97M USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Distributions to non-controlling interests PaymentsOfDividendsMinorityInterest $1.28M USD 1 Quarter
Distributions to non-controlling interests PaymentsOfDividendsMinorityInterest - USD 1 Quarter
(Payments for) proceeds from stock-based awards, net ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $-761.00K USD 1 Quarter
(Payments for) proceeds from stock-based awards, net ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.82M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $248.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-107.79M 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 $160.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.10M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-23.08M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $3.88M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $4.98M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $15.69M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $38.77M USD Point-in-time
Cash and cash equivalents - end 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 $15.69M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $38.77M USD Point-in-time
Interest paid InterestPaid $18.02M USD 1 Quarter
Interest paid InterestPaid $15.83M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $1.77M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaidNet $2.29M USD 1 Quarter
Equipment acquired under capital lease CapitalLeaseObligationsIncurred $33.92M USD 1 Quarter
Equipment acquired under capital lease CapitalLeaseObligationsIncurred - USD 1 Quarter
Accrued capital expenditures CapitalExpendituresIncurredButNotYetPaid $6.81M USD 1 Quarter
Accrued capital expenditures CapitalExpendituresIncurredButNotYetPaid $1.03M USD 1 Quarter
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $40.63M USD 1 Quarter
Net income (loss) ProfitLoss $-2.88M USD 1 Quarter
Foreign currency translation gains, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.62M USD 1 Quarter
Foreign currency translation gains, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.18M USD 1 Quarter
Unrealized gains (losses) on equity investee activity, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-8.01M USD 1 Quarter
Unrealized gains (losses) on equity investee activity, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $636.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-5.27M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $42.44M USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-189.00K USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-343.00K USD 1 Quarter
Comprehensive income (loss) attributable to MasTec, Inc. ComprehensiveIncomeNetOfTax $42.78M USD 1 Quarter
Comprehensive income (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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