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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 20,684 $ 40,326
Accounts receivable, net (Note 5) 2,077,487 1,598,015
Inventories, net 100,231 76,992
Prepaid expenses 43,216 101,270
Other current assets 40,152 35,763
Total current assets 2,281,770 1,852,366
Property and equipment, net 739,425 706,506
Goodwill, net 1,146,599 1,137,738
Other intangible assets, net 181,515 191,142
Other long-term assets 232,848 178,824
Total assets 4,582,157 4,066,576
Current liabilities:    
Current portion of long-term debt 84,215 87,866
Accounts payable 544,398 377,954
Accrued salaries and wages 108,647 89,087
Other accrued expenses 187,394 148,971
Billings in excess of costs and earnings 243,224 194,494
Other current liabilities 84,899 65,455
Total current liabilities 1,252,777 963,827
Long-term debt 1,532,978 1,280,706
Deferred income taxes 206,411 204,518
Other long-term liabilities 159,593 184,172
Total liabilities 3,151,759 2,633,223
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 - 91,080,280 and 90,935,584 (including 1,480,582 and 1,421,041 of unvested stock awards) as of June 30, 2018 and December 31, 2017, respectively 9,108 9,094
Capital surplus 783,825 775,387
Retained earnings 965,768 857,154
Accumulated other comprehensive loss (55,234) (63,712)
Treasury stock, at cost: 10,835,749 and 8,132,811 shares as of June 30, 2018 and December 31, 2017, respectively (275,435) (147,124)
Total MasTec, Inc. shareholders’ equity 1,428,032 1,430,799
Non-controlling interests 2,366 2,554
Total equity 1,430,398 1,433,353
Total liabilities and equity $ 4,582,157 $ 4,066,576