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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 4,984 $ 24,059
Accounts receivable, net of allowance 911,106 1,303,552
Inventories, net 90,599 112,804
Prepaid expenses 58,023 46,873
Other current assets 68,190 44,463
Total current assets 1,132,902 1,531,751
Property and equipment, net 558,667 623,118
Goodwill 988,511 1,082,466
Other intangible assets, net 199,379 250,373
Other long-term assets 60,738 76,272
Total assets 2,940,197 3,563,980
Current liabilities:    
Current maturities of long-term debt 77,654 73,631
Accounts payable 348,543 485,347
Accrued salaries and wages 46,550 60,528
Other accrued expenses 69,369 89,343
Acquisition-related contingent consideration, current 17,731 49,798
Billings in excess of costs and earnings 149,483 155,674
Other current liabilities 43,459 66,527
Total current liabilities 752,789 980,848
Acquisition-related contingent consideration, net of current portion 41,675 103,515
Long-term debt 945,464 1,061,159
Long-term deferred tax liabilities, net 188,759 203,476
Other long-term liabilities 68,119 66,907
Total liabilities $ 1,996,806 $ 2,415,905
Commitments and contingencies (See Note 15)
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 - 88,197,474 and 87,614,955 as of December 31, 2015 and 2014, respectively 8,820 8,762
Capital surplus 769,996 756,688
Retained earnings 378,678 457,788
Accumulated other comprehensive loss (72,351) (34,004)
Treasury stock, at cost: 8,094,004 and 2,876,311 shares as of December 31, 2015 and 2014, respectively (145,573) (45,573)
Total MasTec, Inc. shareholders' equity 939,570 1,143,661
Non-controlling interests 3,821 4,414
Total equity 943,391 1,148,075
Total liabilities and equity $ 2,940,197 $ 3,563,980