Acquisitions (Tables)

12 Months Ended

Dec. 31, 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, and was then adjusted (i) to remove one-time acquisition costs, including certain acquisition integration costs; (ii) to increase amortization expense resulting from the incremental intangible assets acquired; (iii) to increase interest expense as a result of the cash consideration paid; (iv) to remove integration-related employee redundancy costs; and (v) to reduce interest expense from the repayment of acquired debt. The unaudited supplemental pro forma financial information does not include adjustments to reflect the impact of other cost savings or synergies that may result from these acquisitions.

	For the Years Ended December 31,
Unaudited pro forma financial information (in millions):	2014		2013		2012
Revenue	$	5,085.2	$	5,465.9	$	4,199.6
Net income from continuing operations	$	130.3	$	160.8	$	131.0

Results of Businesses Acquired

Revenue and net (loss) income from continuing operations resulting from the year-over-year incremental impact of acquired businesses, which are included within the Company’s consolidated results of operations for the years indicated, were as follows (in millions):

	For the Years Ended December 31,
Actual of acquirees (year-over-year impact):	2014		2013		2012
Revenue	$	565.4	$	406.6	$	170.8
Net (loss) income from continuing operations (a)	$	0.7	$	20.0	$	11.8

(a) Acquiree net (loss) income from continuing operations for the year ended December 31, 2014 includes approximately $5.0 million of the $5.3 million total acquisition integration costs incurred in connection with the WesTower acquisition. The above results, however, do not include other acquisition-related costs of $2.7 million, $1.9 million and $0.7 million for the years ended December 31, 2014, 2013 and 2012, respectively, which are included within general and administrative expenses in the Company’s consolidated statements of operations. The above results also do not include interest expense associated with consideration paid for these acquisitions.

WesTower [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 of the date of acquisition (in millions):

Acquisition consideration:	October 1, 2014
Cash	$	198.0
Identifiable assets acquired and liabilities assumed:
Accounts receivable	$	180.6
Other current assets, including $18.0 million of cash acquired	50.3
Property, equipment and other long-term assets, including deferred tax asset	18.0
Finite-lived intangible assets	42.6
Billings in excess of costs and earnings	(33.3		)
Other current liabilities, including current portion of capital lease obligations	(89.8		)
Long-term liabilities, including capital lease obligations	(21.1		)
Total identifiable net assets	$	147.3
Goodwill	$	50.7
Total net assets acquired, including goodwill	$	198.0

Schedule of Finite-Lived Intangible Assets Acquired, Business Acquisitions

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

	Fair Value (in millions)		Weighted Average Useful Life (in years)
Finite-lived intangible assets:
Backlog	$	4.7	5
Trade name	1.1		4
Non-compete agreements	0.3		4
Customer relationships	36.5		18
Total acquired finite-lived intangible assets	$	42.6	16

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, in U.S. dollars as of the date of acquisition (in millions):

Acquisition consideration:	June 1, 2014
Cash	$	126.5
Fair value of contingent consideration (earn-out liability)	24.3
Total consideration transferred	$	150.8
Identifiable assets acquired and liabilities assumed:
Current assets, including $3.4 million of cash acquired	$	114.0
Property and equipment	81.2
Pre-qualifications	38.7
Finite-lived intangible assets	19.4
Current liabilities, including current portion of capital lease obligations and long-term debt	(71.8		)
Net equity method investment obligations	(31.0		)
Long-term debt, including capital lease obligations	(69.6		)
Deferred income taxes	(30.5		)
Total identifiable net assets	$	50.4
Goodwill	$	100.4
Total net assets acquired, including goodwill	$	150.8

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 (in millions)		Weighted Average Useful Life (in years)
Finite-lived intangible assets:
Backlog	$	6.1	3
Non-compete agreements	2.3		9
Customer relationships	11.0		8
Total acquired finite-lived intangible assets	$	19.4	6

Big Country [Member]

Business Combinations [Line Items]

Schedule of Consideration Paid and Net Assets Acquired, Business Acquisitions

The following table summarizes the fair values of consideration paid and identifiable assets acquired and liabilities assumed, as adjusted for the final net working capital, estimated earn-out liability and the estimated fair values of acquired net assets, in U.S. dollars as of the date of acquisition (in millions):

Acquisition consideration:	May 1, 2013
Cash	$	103.5
Fair value of contingent consideration (earn-out liability)	25.3
Total consideration transferred	$	128.8
Identifiable assets acquired and liabilities assumed:
Current assets	$	69.0
Property and equipment	43.5
Pre-qualifications	29.6
Finite-lived intangible assets	10.7
Current liabilities, including current portion of capital lease obligations and long-term debt	(24.4		)
Long-term debt, including capital lease obligations	(23.0		)
Deferred income taxes	(14.4		)
Total identifiable net assets	$	91.0
Goodwill	$	37.8
Total net assets acquired, including goodwill	$	128.8

Schedule of Finite-Lived Intangible Assets Acquired, Business Acquisitions

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

	Fair Value (in millions)		Weighted Average Useful Life (in years)
Finite-lived intangible assets:
Backlog	$	1.9	3
Non-compete agreements	1.8		9
Customer relationships	7.0		7
Total acquired finite-lived intangible assets	$	10.7	6

2013 Acquisitions [Member]

Business Combinations [Line Items]

Schedule of Measurement Period Adjustments, 2013 Acquisitions, 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