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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 40,326 $ 38,767
Accounts receivable, net 1,598,015 1,156,031
Inventories, net 76,992 111,031
Prepaid expenses 101,270 41,548
Other current assets 35,763 55,109
Total current assets 1,852,366 1,402,486
Property and equipment, net 706,506 549,084
Goodwill, net 1,137,738 995,874
Other intangible assets, net 191,142 179,711
Other long-term assets 178,824 55,977
Total assets 4,066,576 3,183,132
Current liabilities:    
Current portion of long-term debt 87,866 64,600
Accounts payable 377,954 363,668
Accrued salaries and wages 89,087 67,126
Other accrued expenses 148,971 112,291
Billings in excess of costs and earnings 194,494 161,459
Other current liabilities 65,455 70,846
Total current liabilities 963,827 839,990
Long-term debt 1,280,706 961,379
Deferred income taxes 204,518 166,600
Deferred income taxes   178,355
Other long-term liabilities 184,172 99,774
Total liabilities 2,633,223 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 - 90,935,584 and 90,634,771 (including 1,421,041 and 1,927,286 of unvested stock awards) as of December 31, 2017 and December 31, 2016, respectively 9,094 9,063
Capital surplus 775,387 788,914
Retained earnings 857,154 509,941
Accumulated other comprehensive loss (63,712) (65,814)
Treasury stock, at cost: 8,132,811 shares and 8,094,004 shares as of December 31, 2017 and 2016, respectively (147,124) (145,573)
Total MasTec, Inc. shareholders’ equity 1,430,799 1,096,531
Non-controlling interests 2,554 7,103
Total equity 1,433,353 1,103,634
Total liabilities and equity $ 4,066,576 $ 3,183,132