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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,758 $ 4,984
Accounts receivable, net of allowance 1,091,025 911,106
Inventories, net 115,799 90,599
Prepaid expenses 45,074 54,879
Other current assets 61,186 68,190
Total current assets 1,321,842 1,129,758
Property and equipment, net 559,057 558,667
Goodwill, net 998,089 988,511
Other intangible assets, net 192,583 199,379
Other long-term assets 52,372 51,032
Total assets 3,123,943 2,927,347
Current liabilities:    
Current maturities of long-term debt 70,367 77,400
Accounts payable 440,972 348,543
Accrued salaries and wages 83,083 46,550
Other accrued expenses 85,035 69,369
Acquisition-related contingent consideration, current 22,064 17,731
Billings in excess of costs and earnings 130,621 149,483
Other current liabilities 34,292 43,459
Total current liabilities 866,434 752,535
Acquisition-related contingent consideration, net of current portion 25,151 41,675
Long-term debt 998,440 932,868
Long-term deferred tax liabilities, net 173,220 188,759
Other long-term liabilities 90,482 68,119
Total liabilities 2,153,727 1,983,956
Commitments and contingencies (See 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 - 90,403,416 (including 1,898,678 of unvested restricted shares) and 88,197,474 as of June 30, 2016 and December 31, 2015, respectively 9,040 8,820
Capital surplus 781,251 769,996
Retained earnings 400,073 378,678
Accumulated other comprehensive loss (79,067) (72,351)
Treasury stock, at cost: 8,094,004 shares as of both June 30, 2016 and December 31, 2015 (145,573) (145,573)
Total MasTec, Inc. shareholders’ equity 965,724 939,570
Non-controlling interests 4,492 3,821
Total equity 970,216 943,391
Total liabilities and equity $ 3,123,943 $ 2,927,347