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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,154 $ 24,059
Accounts receivable, net of allowance 1,023,663 1,303,552
Inventories, net 90,512 112,804
Prepaid expenses and other current assets 116,985 91,336
Total current assets 1,238,314 1,531,751
Property and equipment, net 586,993 623,118
Goodwill 1,064,822 1,082,466
Other intangible assets, net 218,761 250,373
Other long-term assets 136,896 76,272
Total assets 3,245,786 3,563,980
Current liabilities:    
Current maturities of long-term debt 78,827 73,631
Accounts payable 376,836 485,347
Accrued salaries and wages 80,979 60,528
Other accrued expenses 81,363 89,343
Acquisition-related contingent consideration, current 11,441 49,798
Billings in excess of costs and earnings 123,623 155,674
Other current liabilities 34,341 66,527
Total current liabilities 787,410 980,848
Acquisition-related contingent consideration, net of current portion 83,593 103,515
Long-term debt 1,098,585 1,061,159
Long-term deferred tax liabilities, net 186,642 203,476
Other long-term liabilities 65,072 66,907
Total liabilities $ 2,221,302 $ 2,415,905
Commitments and contingencies (See Note 15)
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 - 87,951,049 and 87,614,955 as of September 30, 2015 and December 31, 2014, respectively 8,795 8,762
Capital surplus 767,881 756,688
Retained earnings 455,441 457,788
Accumulated other comprehensive loss (66,054) (34,004)
Treasury stock, at cost: 8,094,004 and 2,876,311 shares as of September 30, 2015 and December 31, 2014, respectively (145,573) (45,573)
Total MasTec, Inc. shareholders’ equity 1,020,490 1,143,661
Non-controlling interests 3,994 4,414
Total equity 1,024,484 1,148,075
Total liabilities and equity $ 3,245,786 $ 3,563,980