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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 68,484 $ 40,326
Accounts receivable, net (Note 5) 2,368,597 1,598,015
Inventories, net 125,815 76,992
Prepaid expenses 58,767 101,270
Other current assets 47,299 35,763
Total current assets 2,668,962 1,852,366
Property and equipment, net 736,447 706,506
Goodwill, net 1,149,795 1,137,738
Other intangible assets, net 177,211 191,142
Other long-term assets 242,391 178,824
Total assets 4,974,806 4,066,576
Current liabilities:    
Current portion of long-term debt 83,495 87,866
Accounts payable 744,305 377,954
Accrued salaries and wages 123,654 89,087
Other accrued expenses 146,252 148,971
Billings in excess of costs and earnings 189,302 194,494
Other current liabilities 85,489 65,455
Total current liabilities 1,372,497 963,827
Long-term debt 1,688,820 1,280,706
Deferred income taxes 258,905 204,518
Other long-term liabilities 164,764 184,172
Total liabilities 3,484,986 2,633,223
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 - 91,104,071 and 90,935,584 (including 1,460,882 and 1,421,041 of unvested stock awards) as of September 30, 2018 and December 31, 2017, respectively 9,110 9,094
Capital surplus 788,473 775,387
Retained earnings 1,086,434 857,154
Accumulated other comprehensive loss (50,867) (63,712)
Treasury stock, at cost: 12,440,108 and 8,132,811 shares as of September 30, 2018 and December 31, 2017, respectively (345,572) (147,124)
Total MasTec, Inc. shareholders’ equity 1,487,578 1,430,799
Non-controlling interests 2,242 2,554
Total equity 1,489,820 1,433,353
Total liabilities and equity $ 4,974,806 $ 4,066,576