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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)
Quarterly Information (Unaudited)
The following table presents unaudited quarterly operating results for the years ended December 31, 2013 and 2012 (in millions, except per share data). The Company believes that all necessary adjustments have been included in the amounts stated below to present fairly the quarterly results when read in conjunction with the consolidated financial statements and notes thereto.
 
2013 Quarter Ended
 
2012 Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
 
 March 31
 
June 30
 
September 30
 
December 31
Revenue
$
918.6

 
$
977.6

 
$
1,269.4

 
$
1,159.1

 
$
738.3

 
$
988.9

 
$
1,067.3

 
$
932.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
$
19.3

 
$
35.5

 
$
49.9

 
$
42.9

 
$
11.7

 
$
31.2

 
$
36.1

 
$
37.7

Net (loss) income from discontinued operations
(0.9
)
 
(0.5
)
 
(3.7
)
 
(1.3
)
 
2.5

 
(1.1
)
 
(9.3
)
 
(1.4
)
Net income (loss) attributable to non-controlling interests
—

 
0.1

 
0.1

 
0.1

 
(0.0
)
 
(0.0
)
 
(0.0
)
 
0.0

Net income attributable to MasTec, Inc.
$
18.4

 
$
34.9

 
$
46.1

 
$
41.5

 
$
14.2

 
$
30.1

 
$
26.8

 
$
36.3

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.25

 
$
0.46

 
$
0.65

 
$
0.55

 
$
0.15

 
$
0.39

 
$
0.47

 
$
0.50

Discontinued operations
(0.01
)
 
(0.01
)
 
(0.05
)
 
(0.02
)
 
0.03

 
(0.01
)
 
(0.12
)
 
(0.02
)
Total basic earnings per share (a)
$
0.24

 
$
0.46

 
$
0.60

 
$
0.54

 
$
0.18

 
$
0.37

 
$
0.35

 
$
0.48

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.23

 
$
0.42

 
$
0.59

 
$
0.50

 
$
0.14

 
$
0.38

 
$
0.45

 
$
0.46

Discontinued operations
(0.01
)
 
(0.01
)
 
(0.04
)
 
(0.02
)
 
0.03

 
(0.01
)
 
(0.12
)
 
(0.02
)
Total diluted earnings per share (a)
$
0.22

 
$
0.41

 
$
0.54

 
$
0.49

 
$
0.17

 
$
0.37

 
$
0.34

 
$
0.45

(a) Earnings per share calculations may contain slight summation differences due to rounding.
During the years ended December 31, 2013 and 2012, the Company acquired certain businesses. In addition, the Company sold its Globetec business in 2013 and its DirectStar business in 2012. As a result, the quarterly results of 2013 may not be comparable with those of 2012. Other transactions affecting comparisons of the Company's quarterly results include: (i) $5.6 million of debt extinguishment charges that were recorded in the first quarter of 2013; (ii) $2.8 million of Sintel legal settlement charges that were recorded in the second quarter of 2013; and (iii) $9.6 million of Sintel legal settlement charges that were recorded in the third quarter of 2012.