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Segments and Related Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment
Summarized financial information for MasTec’s reportable segments is presented and reconciled to consolidated financial information for total MasTec in the following tables (in millions):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Revenue:
 
 
As Restated
 
 
 
As Restated
Communications (a)
$
513.3

 
$
505.2

 
$
1,452.1

 
$
1,480.4

Oil and Gas
406.9

 
554.4

 
1,144.2

 
1,299.3

Electrical Transmission
75.9

 
138.4

 
270.2

 
329.1

Power Generation and Industrial
115.0

 
114.3

 
302.3

 
263.1

Other
3.8

 
4.1

 
17.2

 
10.6

Eliminations
(3.9
)
 
(0.9
)
 
(5.1
)
 
(2.0
)
Consolidated revenue
$
1,111.0

 
$
1,315.5

 
$
3,180.9

 
$
3,380.5

(a)
Revenue generated by utilities customers represented 11.2% and 7.6% of Communications segment revenue for the three month periods ended September 30, 2015 and 2014, respectively, and represented 10.5% and 7.0% for the nine month periods ended September 30, 2015 and 2014, respectively.
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
EBITDA - Continuing Operations:
 
 
As Restated
 
 
 
As Restated
Communications
$
49.7

 
$
52.5

 
$
141.8

 
$
153.7

Oil and Gas
51.0

 
73.4

 
113.9

 
144.2

Electrical Transmission
(23.7
)
 
18.5

 
(47.6
)
 
35.1

Power Generation and Industrial
4.8

 
4.9

 
3.9

 
9.4

Other
(2.0
)
 
(0.7
)
 
(7.1
)
 
(0.1
)
Corporate
(12.0
)
 
(14.4
)
 
(40.5
)
 
(38.7
)
Consolidated EBITDA - Continuing operations
$
67.8

 
$
134.2

 
$
164.4

 
$
303.6


 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
Depreciation and Amortization:
2015
 
2014
 
2015
 
2014
Communications
$
13.2

 
$
10.1

 
$
37.6

 
$
30.1

Oil and Gas
20.0

 
23.3

 
64.3

 
61.3

Electrical Transmission
5.5

 
5.2

 
16.0

 
11.9

Power Generation and Industrial
1.7

 
1.7

 
5.0

 
4.8

Other
0.0

 
0.0

 
0.1

 
0.0

Corporate
1.8

 
1.4

 
5.0

 
3.9

Consolidated depreciation and amortization
$
42.2

 
$
41.7

 
$
128.0

 
$
112.0

Reconciliation of EBITDA to Consolidated (Loss) Income from Continuing Operations before Income Taxes
The following table presents a reconciliation of EBITDA to consolidated income from continuing operations before income taxes (in millions):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
EBITDA Reconciliation:
 
 
As Restated
 
 
 
As Restated
EBITDA - Continuing operations
$
67.8

 
$
134.2

 
$
164.4

 
$
303.6

Less:
 
 
 
 
 
 
 
Interest expense, net
(12.0
)
 
(12.6
)
 
(35.8
)
 
(37.6
)
Depreciation and amortization
(42.2
)
 
(41.7
)
 
(128.0
)
 
(112.0
)
Income from continuing operations before income taxes
$
13.6

 
$
79.8

 
$
0.5

 
$
154.0

Schedule of Significant Customers, Revenue Concentration Information
Revenue concentration information for significant customers as a percentage of total consolidated revenue was as follows:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Customer:
 
 
As Restated
 
 
 
As Restated
AT&T (including DIRECTV®) (a)(b)
31%
 
28%
 
31%
 
33%
Enbridge, Inc. (c)
0%
 
10%
 
1%
 
10%
(a)
The Company’s relationship with AT&T is based upon multiple separate master service agreements, other service agreements and construction/installation contracts for AT&T’s (i) wireless, (ii) wireline/fiber, (iii) home security and automation businesses, and (iv) for DIRECTV® services, is based upon an agreement to provide installation and maintenance services. Revenue from AT&T is included in the Communications segment.
(b)
DIRECTV® was acquired by AT&T in July 2015. Revenue from DIRECTV® is presented on a combined basis with AT&T for all periods.
(c)
The Company’s relationship with Enbridge, Inc. is based upon various construction contracts for natural gas pipelines. Revenue from Enbridge, Inc. is included in the Oil and Gas segment.