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Segments and Related Information | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Segments and Related Information | Segments and Related Information Segment Discussion MasTec presents its continuing operations under five reportable segments: (1) Communications; (2) Oil and Gas; (3) Electrical Transmission; (4) Power Generation and Industrial and (5) Other. This structure is generally focused on broad end-user markets for MasTec's labor-based construction services. All five reportable segments derive their revenues from the engineering, installation and maintenance of infrastructure, primarily in North America. The Communications segment performs engineering, construction and maintenance of communications infrastructure primarily related to wireless and wireline communications and install to the home, and to a lesser extent, infrastructure for electrical utilities. MasTec performs engineering, construction and maintenance services on oil and natural gas pipelines and processing facilities for the energy and utilities industries through its Oil and Gas segment. The Electrical Transmission segment primarily serves the energy and utility industries through the engineering, construction and maintenance of electrical transmission lines and substations. The Power Generation and Industrial segment primarily serves the energy and utility end markets and other end markets through the installation and construction of conventional and renewable power plants, related electrical transmission infrastructure, ethanol facilities and various types of industrial infrastructure. The Other segment primarily includes small business units that perform construction services for a variety of end markets in Mexico and elsewhere internationally. The accounting policies of the reportable segments are the same as those described in Note 1 - Business, Basis of Presentation and Significant Accounting Policies. Intercompany revenues and costs among the reportable segments are de minimus and accounted for as if the sales were to third parties because these items are based on negotiated fees between the segments involved. All intercompany transactions and balances are eliminated in consolidation. Intercompany revenues and costs between entities within a reportable segment are eliminated to arrive at segment totals. Eliminations between segments are separately presented. Corporate results include amounts related to Corporate functions such as administrative costs, professional fees, and acquisition costs. Segment results include certain allocations of centralized costs such as general liability, medical and workers' compensation insurance and certain information technology costs. Income tax expense is managed by Corporate on a consolidated basis and is not allocated to the reportable segments. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is the measure of profitability used by management to manage its segments and, accordingly, in its segment reporting. As appropriate, the Company supplements the reporting of consolidated financial information determined in accordance with U.S. GAAP with certain non-U.S. GAAP financial measures, including EBITDA. The Company believes these non-U.S. GAAP measures provide meaningful information that helps investors understand the Company's financial results and assess its prospects for future performance. The Company uses EBITDA to evaluate its performance, both internally and versus that of its peers, because it excludes certain items that may not be indicative of the Company's reportable segment results, as well as items that can vary widely across different industries or among companies within the same industry. Segment EBITDA is calculated in a manner consistent with consolidated EBITDA. Corporate EBITDA in 2011 includes a $29 million gain from remeasurement of our equity interests in EC Source upon the Company's acquisition of the remaining equity interests in EC Source. Summarized financial information for MasTec’s reportable segments is presented and reconciled to consolidated continuing operations financial information for total MasTec in the following tables (in millions):
| For the Years Ended December 31,
Revenue: | 2013 |  | 2012 |  | 2011
Communications | $ | 1,962.6 |  |  | $ | 1,772.7 |  |  | $ | 1,635.1 |
Oil and Gas | 1,628.8 |  |  | 959.0 |  |  | 774.3 |
Electrical Transmission | 428.8 |  |  | 312.2 |  |  | 198.3 |
Power Generation and Industrial | 294.3 |  |  | 668.1 |  |  | 219.6 |
Other | 12.3 |  |  | 16.7 |  |  | 4.8 |
Eliminations | (2.0 | ) |  | (1.9 | ) |  | (0.8 | )
Consolidated revenue | $ | 4,324.8 |  |  | $ | 3,726.8 |  |  | $ | 2,831.3 |
Revenue generated by utilities customers represented 6.9%, 10.9% and 8.9% of Communications segment revenue in 2013, 2012 and 2011, respectively.
| For the Years Ended December 31,
EBITDA: | 2013 |  | 2012 |  | 2011
Communications | $ | 247.7 |  |  | $ | 192.0 |  |  | $ | 154.3 |
Oil and Gas | 215.9 |  |  | 99.4 |  |  | 80.1 |
Electrical Transmission | 41.2 |  |  | 38.7 |  |  | 28.7 |
Power Generation and Industrial | (16.3 | ) |  | 32.0 |  |  | (3.2 | )
Other | 0.5 |  |  | 2.0 |  |  | 0.4 |
Corporate | (61.4 | ) |  | (42.0 | ) |  | 7.6 |
Consolidated EBITDA | $ | 427.6 |  |  | $ | 322.1 |  |  | $ | 267.9 |
| For the Years Ended December 31,
Depreciation and Amortization: | 2013 |  | 2012 |  | 2011
Communications | $ | 36.8 |  |  | $ | 29.1 |  |  | $ | 24.5 |
Oil and Gas | 80.9 |  |  | 42.0 |  |  | 30.7 |
Electrical Transmission | 12.6 |  |  | 11.0 |  |  | 8.5 |
Power Generation and Industrial | 6.7 |  |  | 6.7 |  |  | 7.7 |
Other | — |  |  | 0.1 |  |  | 0.1 |
Corporate | 3.9 |  |  | 3.1 |  |  | 2.7 |
Consolidated Depreciation and Amortization | $ | 140.9 |  |  | $ | 92.0 |  |  | $ | 74.2 |
| As of December 31,
Assets: | 2013 |  | 2012 |  | 2011
Communications | $ | 973.6 |  |  | $ | 843.5 |  |  | $ | 827.5 |
Oil and Gas | 1,058.4 |  |  | 809.2 |  |  | 497.7 |
Electrical Transmission | 448.1 |  |  | 311.2 |  |  | 254.8 |
Power Generation and Industrial | 324.5 |  |  | 323.8 |  |  | 269.4 |
Other | 22.8 |  |  | 6.9 |  |  | 3.9 |
Corporate | 79.8 |  |  | 95.5 |  |  | 89.1 |
Consolidated Assets | $ | 2,907.2 |  |  | $ | 2,390.1 |  |  | $ | 1,942.4 |
| For the Years Ended December 31,
Capital Expenditures: | 2013 |  | 2012 |  | 2011
Communications | $ | 25.1 |  |  | $ | 19.2 |  |  | $ | 23.0 |
Oil and Gas | 67.4 |  |  | 40.3 |  |  | 25.7 |
Electrical Transmission | 17.6 |  |  | 11.5 |  |  | 9.3 |
Power Generation and Industrial | 5.7 |  |  | 5.6 |  |  | 4.6 |
Other | — |  |  | — |  |  | — |
Corporate | 10.3 |  |  | 2.8 |  |  | 8.4 |
Consolidated Capital Expenditures | $ | 126.1 |  |  | $ | 79.4 |  |  | $ | 71.0 |
The following table presents a reconciliation of EBITDA to consolidated income from continuing operations before provision for income taxes:
| For the Years Ended December 31,
EBITDA Reconciliation: | 2013 |  | 2012 |  | 2011
EBITDA | $ | 427.6 |  |  | $ | 322.1 |  |  | $ | 267.9 |
Less: |  |  |  |  |
Interest expense, net | (46.4 | ) |  | (37.4 | ) |  | (34.5 | )
Depreciation and amortization | (140.9 | ) |  | (92.0 | ) |  | (74.2 | )
Income from continuing operations before provision for income taxes | $ | 240.2 |  |  | $ | 192.7 |  |  | $ | 159.3 |
A reconciliation of total assets for continuing operations to consolidated total assets as of the dates indicated is as follows:
| As of December 31,
Asset Reconciliation: | 2013 |  | 2012 |  | 2011
Total assets of continuing operations | $ | 2,907.2 |  |  | $ | 2,390.1 |  |  | $ | 1,942.4 |
Current assets of discontinued operations | 2.3 |  |  | 18.6 |  |  | 30.6 |
Long-term assets of discontinued operations | 10.1 |  |  | 7.6 |  |  | 121.7 |
Total assets | $ | 2,919.6 |  |  | $ | 2,416.3 |  |  | $ | 2,094.7 |
Foreign Operations. MasTec operates throughout North America, primarily in the United States and Canada, as well as in parts of Latin America. For the years ended December 31, 2013, 2012 and 2011, revenues from continuing operations of $4.1 billion, $3.6 billion and $2.7 billion, respectively, were derived in the United States, and $268.1 million, $156.8 million and $91.5 million, respectively, were derived from foreign operations. Long-lived assets of the Company's continuing operations held in the United States include property and equipment, net, of $436.9 million, $337.5 million and $251.9 million as of December 31, 2013, 2012 and 2011, respectively. Long-lived assets of the Company's continuing operations held in foreign countries, primarily in Canada, include property and equipment, net, of $51.2 million, $11.4 million and $11.1 million as of December 31, 2013, 2012 and 2011, respectively. Intangible assets and goodwill, net, of the Company's continuing operations of $972.2 million, $933.1 million and $794.1 million as of December 31, 2013, 2012 and 2011, respectively, relate to businesses in the United States. Intangible assets and goodwill, net, of the Company's continuing operations of $92.7 million, $30.5 million and $31.4 million as of December 31, 2013, 2012 and 2011, respectively, relate to businesses in foreign countries. Significant Customers Revenue concentration information for significant customers, as a percent of total consolidated revenue from continuing operations, is as follows:
| For the Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Customer: |  |  |  |  |
AT&T | 18% |  | 18% |  | 24%
DIRECTV® | 14% |  | 17% |  | 20%
Enbridge, Inc. | 18% |  | 3% |  | 0%
The Company's relationship with AT&T is based upon master service agreements, other service agreements and construction/installation contracts for both AT&T's wireless and wireline infrastructure businesses. Revenue from AT&T is included in the Communications segment. The Company's relationship with DIRECTV® is based upon an agreement to provide installation and maintenance services for DIRECTV®. Revenue from DIRECTV® is included in the Communications segment. The Company's relationship with Enbridge, Inc. is based upon various construction contracts for natural gas pipelines. Revenue from Enbridge, Inc. is included in the Oil and Gas segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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