XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Unaudited Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Revenue $ 1,309,596 $ 1,269,385 $ 3,378,180 $ 3,165,657
Costs of revenue, excluding depreciation and amortization 1,122,961 1,081,132 2,914,904 2,695,287
Depreciation and amortization 41,747 37,756 111,996 103,111
General and administrative expenses 59,889 58,976 167,454 159,761
Interest expense, net 12,643 12,666 37,595 34,549
Loss on extinguishment of debt 0 0 0 5,624
Other income, net (1,416) (2,778) (5,424) (3,283)
Income from continuing operations before income taxes 73,772 81,633 151,655 170,608
Provision for income taxes (28,042) (31,698) (57,671) (65,822)
Net income from continuing operations 45,730 49,935 93,984 104,786
Discontinued operations:        
Net loss from discontinued operations, including loss on disposal and impairment charges (See Note 4) (320) (3,735) (592) (5,165)
Net income 45,410 46,200 93,392 99,621
Net income attributable to non-controlling interests 139 62 48 172
Net income attributable to MasTec, Inc. $ 45,271 $ 46,138 $ 93,344 $ 99,449
Basic earnings (loss) per share:        
Continuing operations $ 0.56 $ 0.65 $ 1.19 $ 1.36
Discontinued operations $ 0.00 $ (0.05) $ (0.01) $ (0.07)
Total basic earnings per share $ 0.55 [1] $ 0.60 [1] $ 1.18 [1] $ 1.29 [1]
Basic weighted average common shares outstanding 81,811 77,093 79,158 76,816
Diluted earnings (loss) per share:        
Continuing operations $ 0.53 $ 0.59 $ 1.09 $ 1.24
Discontinued operations $ 0.00 $ (0.04) $ (0.01) $ (0.06)
Total diluted earnings per share $ 0.53 [1] $ 0.54 [1] $ 1.08 [1] $ 1.18 [1]
Diluted weighted average common shares outstanding 85,824 85,464 86,416 84,733
[1] Earnings per share calculations may contain slight summation differences due to rounding.