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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 26,382 $ 7,406
Accounts receivable, net of allowance 877,131 658,528
Inventories 83,939 88,914
Deferred tax assets, net 3,276 10,596
Prepaid expenses and deposits 30,550 21,001
Other current assets 7,199 11,751
Current assets of discontinued operations 18,591 30,608
Total current assets 1,047,068 828,804
Property and equipment, net 350,355 263,007
Goodwill 820,341 714,760
Other intangible assets, net 137,100 110,707
Available for sale auction rate securities 14,408 13,565
Other assets 31,014 42,167
Long-term assets of discontinued operations 7,648 121,695
Total assets 2,407,934 2,094,705
Current liabilities:    
Current maturities of long-term debt 52,596 34,050
Accounts payable 394,060 303,687
Accrued salaries and wages 31,358 37,561
Accrued taxes payable 17,465 5,383
Accrued insurance 21,754 19,304
Other accrued expenses 11,550 10,629
Acquisition-related contingent consideration, current 19,216 17,051
Billings in excess of costs and earnings 123,435 108,433
Other current liabilities 29,699 27,073
Current liabilities of discontinued operations 4,569 29,274
Total current liabilities 705,702 592,445
Acquisition-related contingent consideration 135,712 75,925
Long-term debt 546,323 460,690
Deferred tax liabilities, net 119,388 122,614
Other liabilities 38,874 31,824
Total liabilities 1,545,999 1,283,498
Commitments and contingencies (See Note 14)      
Shareholders' 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 - 85,915,552 and 85,162,527 as of December 31, 2012 and 2011, respectively 8,592 8,516
Capital surplus 803,166 792,096
Retained earnings 200,915 93,489
Accumulated other comprehensive loss (5,501) (7,946)
Treasury stock, at cost; shares as of December 31, 2012 – 9,467,286; shares as of December 31, 2011 - 4,593,663 (150,000) (75,000)
Total MasTec, Inc. shareholders' equity 857,172 811,155
Non-controlling interests 4,763 52
Total shareholders' equity 861,935 811,207
Total liabilities and shareholders' equity $ 2,407,934 $ 2,094,705