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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 27,422 $ 40,326
Accounts receivable, net (Note 5) 1,923,970 1,598,015
Inventories, net 113,709 76,992
Prepaid expenses 56,558 101,270
Other current assets 47,330 35,763
Total current assets 2,168,989 1,852,366
Property and equipment, net 747,808 706,506
Goodwill, net 1,100,350 1,137,738
Other intangible assets, net 169,370 191,142
Other long-term assets 253,436 178,824
Total assets 4,439,953 4,066,576
Current liabilities:    
Current portion of long-term debt 82,655 87,866
Accounts payable 669,712 377,954
Accrued salaries and wages 90,218 89,087
Other accrued expenses 133,033 148,971
Billings in excess of costs and earnings 227,056 194,494
Other current liabilities 80,937 65,455
Total current liabilities 1,283,611 963,827
Long-term debt 1,324,223 1,280,706
Deferred income taxes 263,687 204,518
Other long-term liabilities 176,408 184,172
Total liabilities 3,047,929 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 - 91,327,009 and 90,935,584 (including 1,251,533 and 1,421,041 of unvested stock awards) as of December 31, 2018 and December 31, 2017, respectively 9,133 9,094
Capital surplus 789,009 775,387
Retained earnings 1,118,375 857,154
Accumulated other comprehensive loss (60,494) (63,712)
Treasury stock, at cost: 15,329,817 shares and 8,132,811 shares as of December 31, 2018 and 2017, respectively (466,125) (147,124)
Total MasTec, Inc. shareholders’ equity 1,389,898 1,430,799
Non-controlling interests 2,126 2,554
Total equity 1,392,024 1,433,353
Total liabilities and equity $ 4,439,953 $ 4,066,576