XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 43,194 $ 27,422
Accounts receivable, net (Note 5) 1,986,335 1,923,970
Inventories, net 121,648 113,709
Prepaid expenses 52,648 56,558
Other current assets 58,234 47,330
Total current assets 2,262,059 2,168,989
Property and equipment, net 799,479 747,808
Operating lease assets 223,106 0
Goodwill, net 1,140,518 1,100,350
Other intangible assets, net 193,192 169,370
Other long-term assets 242,039 253,436
Total assets 4,860,393 4,439,953
Current liabilities:    
Current portion of long-term debt, including finance leases 89,481 82,655
Current portion of operating lease liabilities 73,279 0
Accounts payable 558,696 669,712
Accrued salaries and wages 105,363 90,218
Other accrued expenses 130,095 133,033
Billings in excess of costs and earnings 232,253 227,056
Other current liabilities 73,485 80,937
Total current liabilities 1,262,652 1,283,611
Long-term debt, including finance leases 1,539,294 1,324,223
Long-term operating lease liabilities 153,850 0
Deferred income taxes 274,900 263,687
Other long-term liabilities 195,965 176,408
Total liabilities 3,426,661 3,047,929
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 - 91,591,398 and 91,327,009 (including 1,158,549 and 1,251,533 of unvested stock awards) as of March 31, 2019 and December 31, 2018, respectively 9,159 9,133
Capital surplus 793,748 789,009
Retained earnings 1,161,487 1,118,375
Accumulated other comprehensive loss (66,056) (60,494)
Treasury stock, at cost: 15,344,917 and 15,329,817 shares as of March 31, 2019 and December 31, 2018, respectively (466,727) (466,125)
Total MasTec, Inc. shareholders’ equity 1,431,611 1,389,898
Non-controlling interests 2,121 2,126
Total equity 1,433,732 1,392,024
Total liabilities and equity $ 4,860,393 $ 4,439,953