Acquisitions (Tables)

9 Months Ended

Sep. 30, 2014

Business Combinations [Line Items]

Schedule of Pro Forma Information, Business Acquisitions

The unaudited supplemental pro forma financial information presented below has been prepared by adjusting the historical results of MasTec to include the historical results of the acquired businesses described above. The unaudited supplemental pro forma combined historical results were then adjusted (i) to remove one-time acquisition costs; (ii) to increase amortization expense resulting from the incremental intangible assets acquired in such acquisitions; (iii) to increase interest expense as a result of the cash consideration paid; and (iv) to reduce interest expense from the repayment of acquired debt. The unaudited supplemental pro forma financial information does not include any adjustments to reflect the impact of cost savings or other synergies that may result from these acquisitions. As noted above, the unaudited supplemental pro forma financial information does not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Pro forma financial information:	(unaudited, in millions)				(unaudited, in millions)
Revenue	$	1,309.6	$	1,417.5	$	3,496.0	$	3,667.3
Net income from continuing operations	$	46.0	$	52.4	$	96.5	$	118.0

Results of Businesses Acquired

Revenues and net income resulting from the year over year incremental impact of acquired businesses, which are included within the Company's consolidated results of operations for the periods indicated, were as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Actual of acquiree (year over year impact):	(unaudited, in millions)				(unaudited, in millions)
Revenue	$	133.2	$	141.6	$	342.5	$	270.4
Net income from continuing operations (a)	$	2.3	$	7.5	$	4.5	$	12.8

(a) The above results do not include acquisition costs totaling $0.4 million and $0.3 million for the three month periods ended September 30, 2014 and 2013, respectively, and $2.0 million and $1.6 million for the nine month periods ended September 30, 2014 and 2013, respectively. Acquisition costs are included within general and administrative costs in the Company's consolidated unaudited statements of operations. The above results also do not include interest expense associated with consideration paid for these acquisitions.

Pacer [Member]

Business Combinations [Line Items]

Schedule of Consideration Paid and Net Assets Acquired, Business Acquisitions

The following table summarizes the preliminary estimated fair values of consideration paid and identifiable assets acquired and liabilities assumed, as adjusted, as of the date of acquisition (in millions):

Acquisition consideration:	June 1, 2014
Cash	$	126.5
Fair value of contingent consideration (earn-out liability)	25.7
Total consideration transferred	$	152.2
Identifiable assets acquired and liabilities assumed:
Current assets	$	118.4
Equity method investments	2.3
Other long-term assets	0.1
Property and equipment	72.8
Pre-qualifications	41.2
Finite-lived intangible assets	20.3
Current liabilities	(55.8		)
Long-term debt	(87.0		)
Deferred income taxes	(29.6		)
Total identifiable net assets	$	82.7
Goodwill	$	69.5
Total net assets acquired, including goodwill	$	152.2

Schedule of Finite-Lived Intangible Assets Acquired, Business Acquisitions

The fair values and weighted average useful lives of Pacer's acquired finite-lived intangible assets, as adjusted, as of the date of acquisition were assigned as follows:

	Fair Value		Weighted Average Useful Life
Finite-lived intangible assets:	(in millions)		(in years)
Backlog	$	6.1	2
Non-compete agreements	2.3		8
Customer relationships	11.9		8
Total acquired finite-lived intangible assets	$	20.3	6

2013 Acquisitions [Member]

Business Combinations [Line Items]

Schedule of Measurement Period Adjustments, Business Acquisitions

Measurement period adjustments associated with the Company's 2013 acquisitions have been reflected as follows (in millions):

As of December 31, 2013:	As Previously Reported		Measurement Period Adjustments			As Revised
Current assets	$	1,306.0	$	1.0		$	1,307.0
Goodwill	$	899.4	$	2.6		$	902.0
Current liabilities	$	825.5	$	3.7		$	829.2
Long-term deferred tax liabilities, net	$	154.9	$	(0.1	)	$	154.8