Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Statements, Supplemental Guarantor Information [Abstract]

Condensed Consolidating Statements of Operations and Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (in millions)

For the Year Ended December 31, 2015	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated MasTec, Inc.
Revenue	$	—		$	3,527.0		$	689.7		$	(8.4	)	$	4,208.3
Costs of revenue, excluding depreciation and amortization	—			3,073.6			656.1			(8.4		)	3,721.3
Depreciation and amortization	—			130.6			39.0			—			169.7
Goodwill and intangible asset impairment	—			—			78.6			—			78.6
General and administrative expenses	2.1			235.4			28.4			—			265.9
Interest expense, net	—			42.8			5.3			—			48.1
Other income, net	—			(6.2		)	(1.3		)	—			(7.5		)
(Loss) income from continuing operations before income taxes	$	(2.1	)	$	50.8		$	(116.4	)	$	—		$	(67.7	)
Benefit from (provision for) income taxes	1.1			(27.1		)	14.1			—			(12.0		)
Net (loss) income from continuing operations	$	(1.0	)	$	23.7		$	(102.3	)	$	—		$	(79.7	)
Net loss from discontinued operations	—			—			—			—			—
Equity in income (loss) from subsidiaries, net of tax	(78.1		)	—			—			78.1			—
Net (loss) income	$	(79.1	)	$	23.7		$	(102.3	)	$	78.1		$	(79.7	)
Net loss attributable to non-controlling interests	—			—			(0.6		)	—			(0.6		)
Net (loss) income attributable to MasTec, Inc.	$	(79.1	)	$	23.7		$	(101.7	)	$	78.1		$	(79.1	)
Comprehensive (loss) income	$	(117.5	)	$	23.7		$	(140.7	)	$	116.5		$	(118.1	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (in millions)

For the Year Ended December 31, 2014	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated MasTec, Inc.
Revenue	$	—		$	3,768.4		$	847.7		$	(4.3	)	$	4,611.8
Costs of revenue, excluding depreciation and amortization	—			3,226.2			756.1			(4.3		)	3,978.0
Depreciation and amortization	—			119.3			35.2			—			154.5
General and administrative expenses	2.5			208.5			27.3			—			238.3
Interest expense, net	—			47.8			3.0			—			50.8
Other income, net	—			(1.9		)	(6.3		)	—			(8.2		)
(Loss) income from continuing operations before income taxes	$	(2.5	)	$	168.5		$	32.4		$	—		$	198.4
Benefit from (provision for) income taxes	1.0			(70.6		)	(6.8		)	—			(76.4		)
Net (loss) income from continuing operations	$	(1.5	)	$	97.9		$	25.6		$	—		$	122.0
Net loss from discontinued operations	—			—			(6.5		)	—			(6.5		)
Equity in income from subsidiaries, net of tax	117.4			—			—			(117.4		)	—
Net income (loss)	$	115.9		$	97.9		$	19.1		$	(117.4	)	$	115.5
Net loss attributable to non-controlling interests	—			—			(0.4		)	—			(0.4		)
Net income (loss) attributable to MasTec, Inc.	$	115.9		$	97.9		$	19.5		$	(117.4	)	$	115.9
Comprehensive income (loss)	$	95.2		$	97.9		$	(1.6	)	$	(96.7	)	$	94.8

For the Year Ended December 31, 2013	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated MasTec, Inc.
Revenue	$	—		$	3,903.8		$	425.6		$	(4.6	)	$	4,324.8
Costs of revenue, excluding depreciation and amortization	—			3,321.3			365.7			(4.6		)	3,682.4
Depreciation and amortization	—			120.1			20.8			—			140.9
General and administrative expenses	2.1			184.6			28.7			—			215.4
Interest expense, net	—			45.5			0.9			—			46.4
Loss on extinguishment of debt	—			5.6			—			—			5.6
Other income, net	—			(6.1		)	—			—			(6.1		)
(Loss) income from continuing operations before income taxes	$	(2.1	)	$	232.8		$	9.5		$	—		$	240.2
Benefit from (provision for) income taxes	0.8			(91.9		)	(1.4		)	—			(92.5		)
Net (loss) income from continuing operations	$	(1.3	)	$	140.9		$	8.1		$	—		$	147.7
Net loss from discontinued operations	—			—			(6.5		)	—			(6.5		)
Equity in income from subsidiaries, net of tax	142.2			—			—			(142.2		)	—
Net income (loss)	$	140.9		$	140.9		$	1.6		$	(142.2	)	$	141.2
Net income attributable to non-controlling interests	—			—			0.3			—			0.3
Net income (loss) attributable to MasTec, Inc.	$	140.9		$	140.9		$	1.3		$	(142.2	)	$	141.0
Comprehensive income (loss)	$	133.1		$	140.9		$	(6.2	)	$	(134.4	)	$	133.4

Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS (in millions)

As of December 31, 2015	MasTec, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated MasTec, Inc.
Assets
Current assets	$	—	$	930.5	$	202.4	$	—		$	1,132.9
Property and equipment, net	—		448.2		110.5		—			558.7
Goodwill and other intangible assets, net	—		1,047.4		140.5		—			1,187.9
Investments in and advances to consolidated affiliates, net	930.3		103.7		50.6		(1,084.6		)	—
Other long-term assets	9.3		34.1		17.3		—			60.7
Total assets	$	939.6	$	2,563.9	$	521.3	$	(1,084.6	)	$	2,940.2
Liabilities and equity
Total current liabilities	$	—	$	633.2	$	119.6	$	—		$	752.8
Long-term debt	—		912.7		32.8		—			945.5
Other long-term liabilities	—		275.5		23.0		—			298.5
Total liabilities	$	—	$	1,821.4	$	175.4	$	—		$	1,996.8
Total equity	$	939.6	$	742.5	$	345.9	$	(1,084.6	)	$	943.4
Total liabilities and equity	$	939.6	$	2,563.9	$	521.3	$	(1,084.6	)	$	2,940.2

As of December 31, 2014	MasTec, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated MasTec, Inc.
Assets
Current assets	$	—	$	1,249.6	$	282.2	$	—		$	1,531.8
Property and equipment, net	—		472.6		150.5		—			623.1
Goodwill and other intangible assets, net	—		1,068.3		264.5		—			1,332.8
Investments in and advances to consolidated affiliates, net	1,134.4		—		123.0		(1,257.4		)	—
Other long-term assets	9.3		28.7		38.3		—			76.3
Total assets	$	1,143.7	$	2,819.2	$	858.5	$	(1,257.4	)	$	3,564.0
Liabilities and equity
Total current liabilities	$	—	$	777.4	$	203.4	$	—		$	980.8
Long-term debt	—		1,027.3		33.9		—			1,061.2
Advances from consolidated affiliates, net	—		70.7		—		(70.7		)	—
Other long-term liabilities	—		239.3		134.6		—			373.9
Total liabilities	$	—	$	2,114.7	$	371.9	$	(70.7	)	$	2,415.9
Total equity	$	1,143.7	$	704.5	$	486.6	$	(1,186.7	)	$	1,148.1
Total liabilities and equity	$	1,143.7	$	2,819.2	$	858.5	$	(1,257.4	)	$	3,564.0

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions)

For the Year Ended December 31, 2015	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated MasTec, Inc.
Net cash (used in) provided by operating activities	$	0.9		$	426.7		$	(60.2	)	$	—	$	367.4
Cash flows (used in) provided by investing activities:
Cash paid for acquisitions, net of cash acquired	—			(0.1		)	—			—		(0.1		)
Capital expenditures	—			(71.9		)	(12.5		)	—		(84.4		)
Proceeds from sale of property and equipment	—			10.5			3.4			—		13.9
Payments for investments, net	(1.9		)	—			(56.2		)	—		(58.1		)
Net cash used in investing activities	$	(1.9	)	$	(61.5	)	$	(65.3	)	$	—	$	(128.7	)
Cash flows provided by (used in) financing activities:
Proceeds from credit facilities	—			1,097.3			605.1			—		1,702.4
Repayments of credit facilities	—			(1,154.4		)	(587.8		)	—		(1,742.2		)
Repayments of other borrowings and capital lease obligations	—			(54.3		)	(16.6		)	—		(70.9		)
Repurchase of common stock	(100.0		)	—			—			—		(100.0		)
Proceeds from stock-based awards, net of tax withholdings	2.7			(1.1		)	—			—		1.6
Excess tax benefit from stock-based compensation	—			0.1			—			—		0.1
Payments of acquisition-related contingent consideration	—			(37.3		)	(10.2		)	—		(47.5		)
Payments of financing costs	—			(2.4		)	—			—		(2.4		)
Net financing activities and advances (to) from consolidated affiliates	98.3			(226.8		)	128.5			—		—
Net cash provided by financing activities	$	1.0		$	(378.9	)	$	119.0		$	—	$	(258.9	)
Effect of currency translation on cash	—			—			1.1			—		1.1
Net increase (decrease) in cash and cash equivalents	$	—		$	(13.7	)	$	(5.4	)	$	—	$	(19.1	)
Cash and cash equivalents - beginning of period	—			18.5			5.6			—		24.1
Cash and cash equivalents - end of period	$	—		$	4.8		$	0.2		$	—	$	5.0

For the Year Ended December 31, 2014	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated MasTec, Inc.
Net cash (used in) provided by operating activities	$	(0.5	)	$	251.9		$	71.6		$	—	$	323.0
Cash flows (used in) provided by investing activities:
Cash paid for acquisitions, net of cash acquired	—			(222.7		)	(122.9		)	—		(345.6		)
Capital expenditures	—			(84.8		)	(24.5		)	—		(109.3		)
Proceeds from sale of property and equipment	—			14.3			2.4			—		16.7
Payments for investments, net	(1.0		)	(0.1		)	—			—		(1.1		)
Net cash used in investing activities	$	(1.0	)	$	(293.3	)	$	(145.0	)	$	—	$	(439.3	)
Cash flows provided by (used in) financing activities:
Proceeds from credit facilities	—			1,894.4			491.6			—		2,386.0
Repayments of credit facilities	—			(1,410.0		)	(529.6		)	—		(1,939.6		)
Repayments of senior convertible notes	—			(202.3		)	—			—		(202.3		)
Repayments of other borrowings and capital lease obligations	—			(39.0		)	(28.3		)	—		(67.3		)
Proceeds from stock-based awards, net of tax withholdings	3.8			(2.7		)	—			—		1.1
Excess tax benefit from stock-based compensation	—			3.7			—			—		3.7
Payments of acquisition-related contingent consideration	—			(60.3		)	—			—		(60.3		)
Payments of financing costs	—			(2.6		)	—			—		(2.6		)
Net financing activities and advances (to) from consolidated affiliates	(2.3		)	(126.7		)	129.0			—		—
Net cash provided by financing activities	$	1.5		$	54.5		$	62.7		$	—	$	118.7
Effect of currency translation on cash	—			—			(1.3		)	—		(1.3		)
Net increase (decrease) in cash and cash equivalents	$	—		$	13.1		$	(12.0	)	$	—	$	1.1
Cash and cash equivalents - beginning of period	—			5.4			17.6			—		23.0
Cash and cash equivalents - end of period	$	—		$	18.5		$	5.6		$	—	$	24.1

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions)

For the Year Ended December 31, 2013	MasTec, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated MasTec, Inc.
Net cash (used in) provided by operating activities	$	(1.7	)	$	174.1		$	28.0		$	—	$	200.4
Cash flows (used in) provided by investing activities:
Cash paid for acquisitions, net of cash acquired	—			(45.0		)	(103.6		)	—		(148.6		)
Proceeds from disposal of business, net of cash divested	—			(3.0		)	—			—		(3.0		)
Capital expenditures	—			(114.4		)	(11.9		)	—		(126.3		)
Proceeds from sale of property and equipment	—			14.7			1.2			—		15.9
Payments for investments, net	(1.2		)	—			—			—		(1.2		)
Net cash used in investing activities	$	(1.2	)	$	(147.7	)	$	(114.3	)	$	—	$	(263.2	)
Cash flows provided by (used in) financing activities:
Proceeds from credit facilities	—			961.6			187.4			—		1,149.0
Repayments of credit facilities	—			(1,042.2		)	(207.4		)	—		(1,249.6		)
Proceeds from senior notes, net	—			250.0			—			—		250.0
Repayments of other borrowings and capital lease obligations	—			(69.1		)	(1.6		)	—		(70.7		)
Proceeds from stock-based awards, net of tax withholdings	9.9			(1.5		)	—			—		8.4
Excess tax benefit from stock-based compensation	—			4.3			—			—		4.3
Payments of acquisition-related contingent consideration	—			(16.7		)	(2.0		)	—		(18.7		)
Payments of financing costs, including call premiums on extinguishment of debt	—			(13.7		)	—			—		(13.7		)
Net financing activities and advances (to) from consolidated affiliates	(7.0		)	(106.4		)	113.4			—		—
Net cash provided by (used in) financing activities	$	2.9		$	(33.7	)	$	89.8		$	—	$	59.0
Effect of currency translation on cash	—			—			0.0			—		0.0
Net (decrease) increase in cash and cash equivalents	$	—		$	(7.3	)	$	3.5		$	—	$	(3.8	)
Cash and cash equivalents - beginning of period	—			12.7			14.1			—		26.8
Cash and cash equivalents - end of period	$	—		$	5.4		$	17.6		$	—	$	22.9