XML 23 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,687 $ 38,767
Accounts receivable, net of allowance 1,086,108 1,156,031
Inventories, net 99,652 111,031
Prepaid expenses 35,867 41,548
Other current assets 29,785 55,109
Total current assets 1,267,099 1,402,486
Property and equipment, net 570,479 549,084
Goodwill, net 996,383 995,874
Other intangible assets, net 176,031 179,711
Other long-term assets 105,842 55,977
Total assets 3,115,834 3,183,132
Current liabilities:    
Current portion of long-term debt 62,693 64,600
Accounts payable 294,284 363,668
Accrued salaries and wages 60,414 67,126
Other accrued expenses 126,686 112,291
Billings in excess of costs and earnings 181,137 161,459
Other current liabilities 88,046 70,846
Total current liabilities 813,260 839,990
Long-term debt 893,362 961,379
Long-term deferred tax liabilities, net 175,033 178,355
Other long-term liabilities 86,373 99,774
Total liabilities 1,968,028 2,079,498
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 - 90,787,596 and 90,634,771 (including 1,792,659 and 1,927,286 of unvested restricted shares) as of March 31, 2017 and December 31, 2016, respectively 9,079 9,063
Capital surplus 791,910 788,914
Retained earnings 550,911 509,941
Accumulated other comprehensive loss (64,000) (65,814)
Treasury stock, at cost: 8,094,004 shares as of both March 31, 2017 and December 31, 2016 (145,573) (145,573)
Total MasTec, Inc. shareholders’ equity 1,142,327 1,096,531
Non-controlling interests 5,479 7,103
Total equity 1,147,806 1,103,634
Total liabilities and equity $ 3,115,834 $ 3,183,132