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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 18,230 $ 38,767
Accounts receivable, net 1,569,392 1,156,031
Inventories, net 95,541 111,031
Prepaid expenses 80,270 41,548
Other current assets 27,274 55,109
Total current assets 1,790,707 1,402,486
Property and equipment, net 648,456 549,084
Goodwill, net 1,040,302 995,874
Other intangible assets, net 185,932 179,711
Other long-term assets 158,088 55,977
Total assets 3,823,485 3,183,132
Current liabilities:    
Current portion of long-term debt 75,401 64,600
Accounts payable 429,623 363,668
Accrued salaries and wages 112,180 67,126
Other accrued expenses 134,801 112,291
Billings in excess of costs and earnings 102,965 161,459
Other current liabilities 73,761 70,846
Total current liabilities 928,731 839,990
Long-term debt 1,313,860 961,379
Deferred income taxes 252,834 178,355
Other long-term liabilities 94,898 99,774
Total liabilities 2,590,323 2,079,498
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 - 90,825,531 and 90,634,771 (including 1,802,346 and 1,927,286 of unvested restricted shares) as of June 30, 2017 and December 31, 2016, respectively 9,083 9,063
Capital surplus 796,065 788,914
Retained earnings 632,579 509,941
Accumulated other comprehensive loss (66,135) (65,814)
Treasury stock, at cost: 8,094,004 shares as of both June 30, 2017 and December 31, 2016 (145,573) (145,573)
Total MasTec, Inc. shareholders’ equity 1,226,019 1,096,531
Non-controlling interests 7,143 7,103
Total equity 1,233,162 1,103,634
Total liabilities and equity $ 3,823,485 $ 3,183,132