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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 38,767 $ 4,984
Accounts receivable, net of allowance 1,156,031 911,106
Inventories, net 111,031 90,599
Prepaid expenses 41,548 54,879
Other current assets 55,109 68,190
Total current assets 1,402,486 1,129,758
Property and equipment, net 549,084 558,667
Goodwill, net 995,874 988,511
Other intangible assets, net 179,711 199,379
Other long-term assets 55,977 51,032
Total assets 3,183,132 2,927,347
Current liabilities:    
Current portion of long-term debt 64,600 77,400
Accounts payable 363,668 348,543
Accrued salaries and wages 67,126 46,550
Other accrued expenses 112,291 69,369
Billings in excess of costs and earnings 161,459 149,483
Other current liabilities 70,846 61,190
Total current liabilities 839,990 752,535
Long-term debt 961,379 932,868
Long-term deferred tax liabilities, net 178,355 188,759
Other long-term liabilities 99,774 109,794
Total liabilities 2,079,498 1,983,956
Commitments and contingencies (Note 14)
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 - 90,634,771 (including 1,927,286 of unvested restricted shares) and 88,197,474 as of December 31, 2016 and 2015, respectively) 9,063 8,820
Capital surplus 788,914 769,996
Retained earnings 509,941 378,678
Accumulated other comprehensive loss (65,814) (72,351)
Treasury stock, at cost: 8,094,004 shares as of both December 31, 2016 and 2015 (145,573) (145,573)
Total MasTec, Inc. shareholders’ equity 1,096,531 939,570
Non-controlling interests 7,103 3,821
Total equity 1,103,634 943,391
Total liabilities and equity $ 3,183,132 $ 2,927,347