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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 43,095 $ 27,422
Accounts receivable, net (Note 5) 1,953,340 1,923,970
Inventories, net 106,690 113,709
Prepaid expenses 40,502 56,558
Other current assets 55,069 47,330
Total current assets 2,198,696 2,168,989
Property and equipment, net 862,923 747,808
Operating lease assets 233,423 0
Goodwill, net 1,140,874 1,100,350
Other intangible assets, net 184,938 169,370
Other long-term assets 237,798 253,436
Total assets 4,858,652 4,439,953
Current liabilities:    
Current portion of long-term debt, including finance leases 99,513 82,655
Current portion of operating lease liabilities 79,150 0
Accounts payable 625,008 669,712
Accrued salaries and wages 133,482 90,218
Other accrued expenses 139,883 133,033
Billings in excess of costs and earnings 156,929 227,056
Other current liabilities 100,541 80,937
Total current liabilities 1,334,506 1,283,611
Long-term debt, including finance leases 1,221,127 1,324,223
Long-term operating lease liabilities 159,283 0
Deferred income taxes 277,439 263,687
Other long-term liabilities 186,993 176,408
Total liabilities 3,179,348 3,047,929
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 - 91,654,158 and 91,327,009 (including 1,148,043 and 1,251,533 of unvested stock awards) as of September 30, 2019 and December 31, 2018, respectively 9,165 9,133
Capital surplus 804,487 789,009
Retained earnings 1,409,793 1,118,375
Accumulated other comprehensive loss (82,117) (60,494)
Treasury stock, at cost: 15,344,917 and 15,329,817 shares as of September 30, 2019 and December 31, 2018, respectively (466,727) (466,125)
Total MasTec, Inc. shareholders’ equity 1,674,601 1,389,898
Non-controlling interests 4,703 2,126
Total equity 1,679,304 1,392,024
Total liabilities and equity $ 4,858,652 $ 4,439,953