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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 239,924 $ 423,118
Accounts receivable, net of allowance 956,973 784,488
Contract assets 1,166,183 969,743
Inventories, net 91,781 89,645
Prepaid expenses 74,224 60,631
Other current assets 59,334 31,390
Total current assets 2,588,419 2,359,015
Property and equipment, net 1,063,358 982,328
Operating lease assets 197,581 176,573
Goodwill, net 1,338,597 1,243,034
Other intangible assets, net 496,963 184,043
Other long-term assets 328,330 282,856
Total assets 6,013,248 5,227,849
Current liabilities:    
Current portion of long-term debt, including finance leases 161,016 145,110
Current portion of operating lease liabilities 80,155 72,481
Accounts payable 688,680 571,269
Accrued salaries and wages 213,403 135,316
Other accrued expenses 224,820 187,647
Contract liabilities 247,315 228,388
Other current liabilities 88,919 74,988
Total current liabilities 1,704,308 1,415,199
Long-term debt, including finance leases 1,347,149 1,157,632
Long-term operating lease liabilities 129,568 116,506
Deferred income taxes 326,107 302,938
Other long-term liabilities 228,634 230,049
Total liabilities 3,735,766 3,222,324
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 - 93,246,800 and 93,107,440 (including 1,858,799 and 1,843,041 of unvested stock awards) as of September 30, 2021 and December 31, 2020, respectively 9,325 9,311
Capital surplus 847,242 837,453
Retained earnings 2,085,744 1,833,557
Accumulated other comprehensive loss (82,175) (91,444)
Treasury stock, at cost: 18,941,926 shares as of both September 30, 2021 and December 31, 2020, respectively (586,955) (586,955)
Total MasTec, Inc. shareholders’ equity 2,273,181 2,001,922
Non-controlling interests 4,301 3,603
Total equity 2,277,482 2,005,525
Total liabilities and equity $ 6,013,248 $ 5,227,849