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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Rollforward of Goodwill by Reportable Segment
The following table provides a reconciliation of changes in goodwill by reportable segment for the periods indicated (in millions):
 
Communications
 
Oil and Gas
 
Electrical Transmission
 
Power Generation and Industrial
 
Total Goodwill
Goodwill as of December 31, 2014
$
417.7

 
$
397.3

 
$
149.9

 
$
117.6

 
$
1,082.5

Accruals of acquisition-related contingent consideration, net (a)
0.8

 

 

 

 
0.8

Currency translation adjustments

 
(22.7
)
 

 

 
(22.7
)
Measurement period adjustments (b)
(3.6
)
 

 

 

 
(3.6
)
Goodwill impairment (c)

 
(68.5
)
 

 

 
(68.5
)
Goodwill, net, as of December 31, 2015
$
414.9

 
$
306.1

 
$
149.9

 
$
117.6

 
$
988.5

Accruals of acquisition-related contingent consideration, net (a)
5.8

 

 

 

 
5.8

Currency translation adjustments

 
1.6

 

 

 
1.6

Goodwill, net, as of December 31, 2016
$
420.7

 
$
307.7

 
$
149.9

 
$
117.6

 
$
995.9

Accumulated impairment loss, goodwill, as of December 31, 2016 (d)
$

 
$
(69.9
)
 
$

 
$

 
$
(69.9
)
Goodwill, gross, as of December 31, 2016
$
420.7

 
$
377.6

 
$
149.9

 
$
117.6

 
$
1,065.8

(a)
Represents contingent consideration for acquisitions prior to January 1, 2009, which is accrued as incurred, in accordance with U.S. GAAP.
(b)
Represent adjustments to preliminary estimates of the fair values of net assets acquired within the measurement period for the WesTower acquisition.
(c)
Represents a non-cash goodwill impairment charge related to a reporting unit in western Canada.
(d)
Accumulated impairment losses include the effect of currency translation gains and/or losses.
Rollforward of Other Intangible Assets
The following table provides a reconciliation of changes in other intangible assets for the periods indicated (in millions):
 
Other Intangible Assets
 
Non-amortizing
 
Amortizing
 
 
 
Trade Names
 
Pre-Qualifications
 
Customer Relationships and Backlog
 
Other (a)
 
Total
Other intangible assets, gross, as of December 31, 2014
$
34.8

 
$
93.3

 
$
199.8

 
$
26.3

 
$
354.2

Accumulated amortization
 
 
 
 
(90.3
)
 
(13.5
)
 
(103.8
)
Other intangible assets, net, as of December 31, 2014
$
34.8

 
$
93.3

 
$
109.5

 
$
12.8

 
$
250.4

Amortization expense
 
 
 
 
(26.5
)
 
(1.9
)
 
(28.4
)
Currency translation adjustments

 
(9.8
)
 
(2.2
)
 
(0.5
)
 
(12.5
)
Intangible asset impairment (b)

 
(10.1
)
 

 

 
(10.1
)
Other intangible assets, net, as of December 31, 2015
$
34.8

 
$
73.4

 
$
80.8

 
$
10.4

 
$
199.4

Amortization expense
 
 
 
 
(17.9
)
 
(3.4
)
 
(21.3
)
Currency translation adjustments

 
1.2

 
0.3

 
0.1

 
1.6

Other activity
(0.3
)
 

 

 
0.3

 

Other intangible assets, net, as of December 31, 2016
$
34.5

 
$
74.6

 
$
63.2

 
$
7.4

 
$
179.7

Remaining weighted average amortization period (in years)


 
 
 
9
 
9
 
9
(a)
Consists principally of trade names and non-compete agreements.
(b)
Represents a non-cash impairment charge related to intangible assets associated with a reporting unit in western Canada.
Schedule of Expected Future Amortization Expense for Amortizing Assets
Expected future amortization expense as of December 31, 2016 is summarized in the following table (in millions):
 
Amortization Expense
2017
$
16.3

2018
12.7

2019
8.5

2020
7.3

2021
5.7

Thereafter
20.1

Total
$
70.6

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 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 debt repaid upon acquisition of the respective businesses. The unaudited supplemental pro forma financial information does not include adjustments to reflect the impact of other cost savings or synergies that may have resulted from these acquisitions.
 
For the Year Ended December 31, 2014
Unaudited supplemental pro forma financial information (in millions):
Revenue
$
5,085.2

Net income from continuing operations
$
130.3


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):
2015
 
2014
Revenue
$
301.5

 
$
565.4

Net (loss) income from continuing operations (a)
$
(13.4
)
 
$
0.7

(a)
Acquiree net (loss) income from continuing operations for the years ended December 31, 2015 and 2014 includes approximately $9.3 million and $5.0 million, respectively, of pre-tax acquisition integration costs incurred in connection with the WesTower acquisition and, for the year ended December 31, 2015, includes project losses of $16.3 million associated with the Company’s proportionate interest in a non-controlled Canadian joint venture. Other acquisition-related costs, including certain acquisition integration costs totaling $11.2 million and $2.7 million for the years ended December 31, 2015 and 2014, respectively, which are included within general and administrative expenses in the Company’s consolidated statements of operations, are not included in the above presented acquiree results for the respective periods. The above results also do not include interest expense associated with consideration paid for these acquisitions.