XML 88 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Unaudited Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 7,067,000 $ 22,927,000
Accounts receivable, net of allowance 1,389,903,000 1,134,693,000
Inventories, net 105,038,000 70,185,000
Prepaid expenses and other current assets, including discontinued operations (See Note 4) 71,944,000 79,221,000
Total current assets 1,573,952,000 1,307,026,000
Property and equipment, net 614,359,000 488,132,000
Goodwill 1,000,024,000 902,044,000
Other intangible assets, net 222,212,000 165,606,000
Other long-term assets, including discontinued operations (See Note 4) 59,579,000 60,390,000
Total assets 3,470,126,000 2,923,198,000
Current liabilities    
Current maturities of long-term debt 71,798,000 51,376,000
Accounts payable 481,840,000 424,917,000
Accrued salaries and wages 82,083,000 66,455,000
Other accrued expenses 82,054,000 71,448,000
Acquisition-related contingent consideration, current 39,126,000 67,226,000
Billings in excess of costs and earnings 130,997,000 121,641,000
Other current liabilities, including discontinued operations (See Note 4) 22,976,000 26,162,000
Total current liabilities 910,874,000 829,225,000
Acquisition-related contingent consideration, net of current portion 115,649,000 112,370,000
Long-term debt 1,088,289,000 765,425,000
Long-term deferred tax liabilities, net 180,449,000 154,763,000
Other liabilities 45,978,000 40,357,000
Total liabilities 2,341,239,000 1,902,140,000
Commitments and contingencies (See Note 16)      
Equity    
Preferred stock, $1.00 par value; authorized shares - 5,000,000; issued and outstanding shares - none 0 0
Common stock, $0.10 par value; authorized shares - 145,000,000; issued shares - 87,106,042 and 86,725,372 as of September 30, 2014 and December 31, 2013, respectively 8,711,000 8,672,000
Capital surplus 781,400,000 822,836,000
Contributed shares 6,002,000 6,002,000
Retained earnings 435,208,000 341,864,000
Accumulated other comprehensive loss (23,887,000) (13,286,000)
Treasury stock, at cost; 5,262,831 and 9,467,286 shares as of September 30, 2014 and December 31, 2013, respectively (83,385,000) (150,000,000)
Total MasTec, Inc. shareholders' equity 1,124,049,000 1,016,088,000
Non-controlling interests 4,838,000 4,970,000
Total equity 1,128,887,000 1,021,058,000
Total liabilities and equity $ 3,470,126,000 $ 2,923,198,000