MasTec, Inc. MTZ Cash Flow

Mastec, inc. (MTZ)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
387,100	394,100	325,200	315,600	275,837	259,200	388,140	331,841	334,736	348,900	244,109	236,437	177,543	134,035	1,149	-47,938	-76,184	-79,703	17,928	59,611	97,007	115,549	136,450	133,526	134,985	141,216	135,961	116,578	111,619	107,416	79,637	84,649	99,046	105,972	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation
234,400	235,500	230,600	230,300	217,160	212,900	206,116	201,318	195,036	188,000	181,050	173,533	168,811	164,915	163,863	163,474	166,070	169,662	170,504	170,055	163,558	154,452	149,811	145,820	142,667	140,926	129,302	114,367	102,757	91,958	87,443	84,480	81,073	75,228	0	0	0
Amortization of intangible assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense, net
3,491	3,219	2,439	1,870	2,312	2,584	2,561	2,936	2,955	3,100	3,160	3,136	3,128	2,994	2,806	2,782	2,730	2,633	3,339	4,037	5,632	7,355	8,372	9,323	9,332	10,717	10,568	10,378	10,214	8,595	8,516	8,342	7,955	7,552	0	0	0
Non-cash stock-based compensation expense
16,776	16,447	15,573	14,896	14,065	13,527	15,191	15,061	15,065	15,656	14,332	14,833	15,322	15,072	14,200	13,480	12,343	12,395	13,852	14,790	16,265	15,950	14,881	13,807	13,847	12,944	10,729	8,879	5,797	4,433	4,145	3,926	3,684	3,573	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	395	482	3,728	3,363	6,239	6,658	4,315	4,903	2,151	1,565	759	4,126	4,421	4,985	7,766	0	0	0
(Benefit from) provision for deferred income taxes
8,647	22,160	13,350	42,191	64,351	56,209	-22,506	-58,479	2,631	18,277	89,592	71,494	8,837	-3,935	11,662	15,106	6,249	3,925	386	-7,430	3,782	13,756	1,388	10,584	13,440	6,533	0	0	0	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
28,900	27,400	24,600	25,300	24,615	23,900	25,295	24,994	25,239	21,300	15,084	7,679	2,108	3,528	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of assets, net
14,263	13,908	13,658	15,206	15,346	16,052	14,621	10,982	8,636	5,935	1,756	1,093	-2,925	-1,957	5,194	5,587	8,775	8,191	4,985	5,268	5,253	6,434	6,712	2,333	2,431	1,492	0	0	0	-	-	-	-	-	-	0	0
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Provision for inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Write-off of unamortized financing costs on redeemed debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Other non-cash items, net
-1,009	2,768	-2,340	-3,325	-5,323	-8,910	2,643	3,282	-7,478	-7,222	-17,669	-15,792	-4,355	-4,700	-1,648	-2,842	-1,640	-1,480	-6,602	-6,253	-5,805	-5,955	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net of allowance
-199,229	-113,061	-429,423	-253,538	275,792	335,201	847,001	500,389	588,454	417,491	278,212	455,865	117,704	246,419	192,648	-23,519	-157,277	-362,275	-543,056	-336,005	-346,852	-163,773	60,270	38,612	208,906	204,330	215,103	109,904	204,086	177,313	187,066	331,740	225,424	180,839	0	0	0
Contract assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-20,293	-24,051	-28,952	21,081	19,025	29,366	34,417	658	-14,132	-36,187	-30,247	-32,517	-8,262	22,232	18,950	13,454	-988	-22,356	-37,338	-33,875	-12,970	12,621	34,556	40,783	11,999	-13,481	-27,689	-40,301	-27,399	-15,448	-13,056	10,375	21,603	30,527	0	0	0
Deferred tax assets and liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Other assets, current and long-term portion
-25,688	-10,180	-10,855	24,053	23,926	-28,709	20,696	-23,144	64,248	117,091	65,282	69,069	-17,997	-44,650	-50,706	-20,169	-20,443	11,241	33,338	16,471	23,670	14,221	7,160	7,072	-5,878	-6,248	-18,220	-10,388	1,555	6,773	34,279	28,320	23,457	26,957	0	0	0
Accounts payable and accrued expenses
-59,593	-228,142	-146,844	36,869	84,770	251,735	278,858	118,419	150,478	43,883	30,379	60,164	-27,219	70,147	87,037	-1,148	-60,496	-162,441	-179,660	-116,013	-151,654	-87,494	-38,851	48,829	62,818	72,514	26,780	-67,292	64,122	76,285	155,921	139,862	61,096	73,099	0	0	0
Contract liabilities
-53,433	-52,215	-35,388	-44,519	15,344	28,411	90,842	149,193	43,351	46,075	-58,649	-27,607	3,705	12,131	42,664	9,159	30,463	-5,085	-68,384	-54,325	-29,583	-34,320	14,445	-29,368	-878	-8,227	-758	33,639	10,390	15,651	23,837	18,736	2,962	-34,712	0	0	0
Book overdrafts
-	-	-	-	-	-	-	-	-	-	0	0	5,594	-	21,412	13,557	-6,874	4,699	12,480	12,483	16,506	9,911	-6,827	-2,981	13,599	6,363	8,552	13,395	-16,287	116	0	0	0	-	-	-	-
Other liabilities, current and long-term portion
34,212	52,663	58,570	41,978	20,168	24,522	-14,733	14,610	-8,053	-1,392	66,841	50,187	78,536	31,106	-29,513	-44,450	-64,963	-31,954	-16,234	-8,226	4,486	-4,872	-16,163	-5,846	-17,116	-185	2,233	-4,198	16,992	11,305	19,317	8,996	-732	-6,143	0	0	0
Net cash provided by (used in) operating activities
800,400	550,300	944,600	858,300	399,699	530,000	4,442	267,460	73,428	144,100	244,910	76,945	343,915	205,593	233,952	234,612	264,464	367,413	502,594	428,981	462,205	323,011	152,165	232,864	153,878	200,402	187,094	199,609	155,193	172,508	198,497	11,094	13,856	20,732	0	0	0
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired
85,800	179,500	94,600	94,600	96,071	6,700	6,705	85,256	120,329	116,000	0	0	0	-	-	-	-	148	182,790	182,790	321,860	345,543	164,870	190,924	167,745	148,567	248,561	224,141	119,614	119,459	-27,190	-21,122	27,705	40,681	0	0	0
Capital expenditures
152,700	126,500	131,300	149,900	192,255	180,400	174,270	154,547	117,044	123,400	111,394	110,074	132,672	117,114	102,694	99,872	78,053	84,410	89,058	90,119	93,400	109,254	115,839	136,327	135,991	126,288	130,766	108,723	91,440	79,686	65,045	68,227	71,187	71,710	0	0	0
Proceeds from sale of property and equipment
34,700	35,000	36,800	45,100	42,718	39,400	36,115	26,531	24,871	20,000	18,000	8,445	9,513	11,239	10,993	19,949	14,769	13,932	14,214	12,049	14,682	16,655	19,774	19,487	15,820	15,858	9,865	8,700	8,782	7,385	7,579	7,519	6,907	6,227	0	0	0
Payments for other investments
15,400	5,600	8,800	8,800	26,921	39,500	36,295	38,318	38,532	77,100	100,416	103,916	84,002	32,169	27,039	65,065	97,035	127,480	112,345	69,815	34,953	4,092	21,071	20,531	17,271	16,173	0	0	0	-	-	-	-	-	-	-	-
Proceeds from other investments
4,900	14,700	14,700	14,700	10,385	5,400	15,784	17,082	17,097	23,800	13,416	12,548	13,243	1,125	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities
-209,300	-261,800	-183,200	-193,500	-262,144	-181,800	-165,371	-234,508	-233,937	-272,700	-296,389	-230,441	-198,020	-141,021	-52,311	-78,989	-90,920	-128,700	-367,007	-327,703	-432,552	-439,262	-265,715	-316,336	-293,228	-263,211	-369,942	-319,233	-104,828	-94,316	67,167	57,858	-87,309	-101,848	0	0	0
Cash flows from financing activities:
Proceeds from credit facilities
2,835,400	3,025,900	3,181,300	3,407,200	3,467,712	3,418,200	3,119,170	3,184,670	3,154,145	2,699,000	2,497,038	2,150,367	1,707,420	1,681,424	1,559,637	1,542,224	1,598,671	1,702,431	2,395,958	2,414,625	2,591,606	2,385,971	1,702,509	1,465,214	1,151,312	1,149,040	1,093,522	1,036,299	1,024,083	959,183	0	0	0	-	-	-	-
Repayments of credit facilities
3,127,600	3,126,600	3,734,100	3,738,900	3,283,201	3,359,500	2,614,291	2,962,800	2,757,287	2,457,300	2,317,608	1,891,589	1,753,499	1,627,129	1,651,885	1,605,415	1,658,043	1,742,077	2,224,583	2,217,201	2,187,039	1,939,612	1,344,682	1,154,718	1,041,350	1,249,601	1,063,438	1,025,029	1,054,833	885,183	0	0	0	-	-	-	-
Repayments of other borrowings, net
-12,394	-12,400	-1,900	-1,600	-32,018	-17,400	-31,280	-29,491	9,713	-3,400	14,586	14,992	5,650	10,694	11,463	13,153	17,271	13,843	10,441	15,163	15,985	15,700	19,286	16,355	19,106	27,705	30,191	29,483	27,561	21,455	20,368	18,978	16,504	13,956	0	0	0
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400,000	400,000	400,000	400,000	0	0	0	0	-	-	-	-
Repayment of senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	150,000	150,000	150,000	0	0	0	0	-	-	-	-
Payments of finance lease obligations
102,000	88,300	76,600	72,900	71,288	72,200	73,552	74,742	72,900	67,700	64,900	61,332	56,717	57,980	58,236	56,132	59,160	57,095	53,916	57,033	52,741	51,587	49,184	44,924	46,304	43,040	38,468	32,531	24,567	21,060	18,338	16,787	16,143	16,458	0	0	0
Payments to Noncontrolling Interests
-	-	-	-	-	-	-	-	22,007	-	1,280	1,280	1,280	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock-based awards
5,100	4,700	4,300	4,400	4,184	4,000	0	0	0	-	-	-	-	4,200	3,761	3,055	2,458	1,566	2,538	3,540	3,489	1,113	0	0	0	-	-	-	-	5,013	2,066	2,635	7,209	12,542	0	0	0
Payments for stock-based awards
0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for debt extinguishment, call premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Payments of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	3,308	3,301	2,938	13,688	11,839	11,687	11,033	117	633	5,704	5,641	6,589	0	0	0
Repurchases of common stock
119,400	5,700	121,200	191,300	228,720	313,900	200,000	129,900	92,480	1,600	0	0	0	-	-	-	-	100,000	100,000	100,000	83,261	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	395	482	3,728	3,363	6,239	6,658	4,315	4,903	2,151	1,565	759	4,126	4,421	4,985	7,766	0	0	0
Other financing activities, net
-	-	-	-	-	-	-	-	-	-6,300	-7,171	-6,857	-5,706	515	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-563,600	-244,600	-786,000	-625,600	-133,842	-361,100	185,411	-30,790	184,636	130,300	85,932	163,258	-133,632	-29,486	-179,389	-152,506	-199,768	-258,920	-135,463	-110,860	-8,439	118,675	118,827	85,888	38,942	58,993	174,675	116,542	39,631	-71,796	-271,254	-133,104	-104,625	-76,409	0	0	0
Effect of currency translation on cash
1,100	200	-800	-600	-722	0	263	275	462	-100	-58	-290	-461	-1,303	21	886	1,450	1,132	-37	-1,587	-1,816	-1,292	-1,058	-97	-440	-24	-162	-127	-18	91	410	110	218	201	0	0	0
Net increase in cash and cash equivalents
28,400	44,000	-25,400	38,500	2,991	-12,900	24,745	2,537	24,589	1,600	34,395	9,472	11,802	33,783	2,273	4,003	-24,806	-19,075	87	-11,169	19,430	1,132	4,219	2,045	-100,908	-3,840	-8,200	-2,991	90,087	6,487	-5,590	-64,152	-178,078	-157,525	0	0	0
Supplemental cash flow information:
Interest paid
80,230	84,971	89,012	88,264	86,095	81,230	77,782	69,482	62,489	59,157	54,428	50,794	49,893	47,698	46,824	47,215	47,600	47,405	48,887	45,569	46,182	42,979	41,786	39,977	39,241	37,531	37,046	31,149	31,371	27,074	27,928	28,340	27,031	27,607	0	0	0
Income tax (refunds) payments, net
103,124	106,248	64,788	31,942	10,125	-21,450	-11,616	-11,955	48,143	78,653	121,734	128,844	58,819	59,342	11,836	4,238	3,358	2,536	36,393	52,503	66,520	76,975	76,205	67,780	83,187	79,504	71,471	81,697	65,329	58,968	46,452	38,050	28,732	27,803	0	0	0
Supplemental disclosure of non-cash information:
Additions to property and equipment from finance leases
192,830	206,156	190,505	146,161	90,048	75,545	68,986	79,689	141,894	150,055	141,644	131,525	59,008	25,092	18,802	11,214	19,806	23,817	27,160	36,128	60,389	64,618	59,081	74,282	71,568	86,330	113,468	90,541	79,736	60,648	32,043	32,129	9,552	7,412	0	0	0
Accrued capital expenditures
-	-	-	-	-	-	-	-	-	-	-1,192	-3,009	-4,195	1,582	5,092	3,950	6,343	3,164	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of leases from operating to capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Exchange of senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0