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Segments and Related Information (Tables)
12 Months Ended
Dec. 31, 2019
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, including a reconciliation of consolidated income before income taxes to EBITDA, all of which are presented in millions. The tables below may contain slight summation differences due to rounding.
 
For the Years Ended December 31,
Revenue:
2019
 
2018
 
2017
Communications (a)
$
2,618.8

 
$
2,556.8

 
$
2,424.4

Oil and Gas
3,117.2

 
3,288.7

 
3,497.2

Electrical Transmission
413.9

 
397.3

 
378.2

Power Generation and Industrial
1,034.3

 
665.0

 
299.9

Other
0.2

 
3.5

 
20.8

Eliminations
(1.2
)
 
(1.9
)
 
(13.5
)
Consolidated revenue
$
7,183.2

 
$
6,909.4

 
$
6,607.0

(a)
Revenue generated primarily by utilities customers represented 15.0%, 14.9% and 13.4% of Communications segment revenue for the years ended December 31, 2019, 2018 and 2017, respectively.
 
For the Years Ended December 31,
EBITDA:
2019
 
2018
 
2017
Communications
$
208.8

 
$
290.4

 
$
247.4

Oil and Gas
634.2

 
451.6

 
402.2

Electrical Transmission
29.5

 
10.5

 
17.6

Power Generation and Industrial
40.1

 
40.4

 
22.6

Other
26.5

 
24.4

 
19.8

Corporate
(115.7
)
 
(156.4
)
 
(88.7
)
Consolidated EBITDA
$
823.4

 
$
660.8

 
$
620.9

For the year ended December 31, 2019, Corporate EBITDA included $3.3 million of indefinite-lived pre-qualification intangible asset impairment charges. For the year ended December 31, 2018, Corporate EBITDA included $47.7 million of goodwill impairment charges and Other segment EBITDA included project gains of $1.0 million from a proportionately consolidated non-controlled Canadian joint venture, which is managed by a third party and for which the Company has minimal direct construction involvement. For the year ended December 31, 2017, Other segment EBITDA included project losses from this non-controlled joint venture of $7.9 million.
 
For the Years Ended December 31,
Depreciation and Amortization:
2019
 
2018
 
2017
Communications
$
65.0

 
$
59.3

 
$
53.2

Oil and Gas
127.2

 
113.7

 
96.7

Electrical Transmission
20.0

 
19.8

 
22.8

Power Generation and Industrial
14.1

 
13.7

 
9.1

Other
0.1

 
0.1

 
0.1

Corporate
9.1

 
6.3

 
6.1

Consolidated depreciation and amortization
$
235.5

 
$
212.9

 
$
188.0


 
As of December 31,
Assets:
2019
 
2018
 
2017
Communications
$
1,958.1

 
$
1,461.7

 
$
1,314.4

Oil and Gas
1,762.4

 
1,965.3

 
1,762.6

Electrical Transmission
463.9

 
423.9

 
471.4

Power Generation and Industrial
570.5

 
358.7

 
288.6

Other
192.2

 
193.9

 
153.2

Corporate
49.9

 
36.5

 
76.4

Consolidated segment assets
$
4,997.0

 
$
4,440.0

 
$
4,066.6


 
For the Years Ended December 31,
Capital Expenditures:
2019
 
2018
 
2017
Communications
$
36.0

 
$
69.3

 
$
40.5

Oil and Gas
59.7

 
83.5

 
57.7

Electrical Transmission
6.8

 
10.2

 
14.9

Power Generation and Industrial
12.7

 
6.5

 
5.4

Other
0.0

 
0.0

 
0.0

Corporate
11.3

 
10.9

 
4.9

Consolidated capital expenditures
$
126.5

 
$
180.4

 
$
123.4


Reconciliation of Consolidated Income before Income Taxes to EBITDA
 
For the Years Ended December 31,
EBITDA Reconciliation:
2019
 
2018
 
2017
Income before income taxes
$
510.9

 
$
365.3

 
$
371.8

Plus:
 
 
 
 
 
Interest expense, net
77.0

 
82.6

 
61.0

Depreciation and amortization
235.5

 
212.9

 
188.0

Consolidated EBITDA
$
823.4

 
$
660.8

 
$
620.9


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 Years Ended December 31,
 
2019
 
2018
 
2017
Customer:
 
 
 
 
 
AT&T (including DIRECTV®) (a)
20%
 
23%
 
25%
Equitrans Midstream Corporation/EQT Corporation (b)
11%
 
20%
 
—%
Energy Transfer affiliates (c)
8%
 
14%
 
40%

(a)
The Company’s relationship with AT&T is based upon multiple separate master service and other service agreements, including for installation and maintenance services, as well as construction/installation contracts for AT&T’s: (i) wireless business; (ii) wireline/fiber businesses; and (iii) various install-to-the-home businesses, including DIRECTV®. Revenue from AT&T is included in the Communications segment.
(b)
The Company's relationship with Equitrans Midstream Corporation and its affiliates, which was spun off from EQT Corporation and its affiliates in 2018, is based upon various construction contracts for pipeline activities. Revenue from Equitrans Midstream Corporation and its affiliates is included in the Oil and Gas segment.
(c)
The Company's relationship with Energy Transfer affiliates is based upon various construction contracts for pipeline activities with Energy Transfer Operating, L.P., and its subsidiaries and affiliates. Revenue from Energy Transfer affiliates is included in the Oil and Gas segment.