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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 71,663 $ 71,427
Accounts receivable, net of allowance 796,120 850,326
Contract assets 997,901 1,024,568
Inventories, net 106,586 100,069
Prepaid expenses 46,207 52,000
Other current assets 61,302 75,169
Total current assets 2,079,779 2,173,559
Property and equipment, net 937,309 905,835
Operating lease assets 210,637 229,903
Goodwill, net 1,221,147 1,221,440
Other intangible assets, net 200,788 211,528
Other long-term assets 243,888 254,741
Total assets 4,893,548 4,997,006
Current liabilities:    
Current portion of long-term debt, including finance leases 121,848 118,429
Current portion of operating lease liabilities 80,076 81,561
Accounts payable 533,509 535,029
Accrued salaries and wages 123,080 87,562
Other accrued expenses 125,770 115,581
Contract liabilities 204,284 206,180
Other current liabilities 71,466 74,784
Total current liabilities 1,260,033 1,219,126
Long-term debt, including finance leases 1,297,342 1,314,030
Long-term operating lease liabilities 143,441 154,553
Deferred income taxes 276,060 296,326
Other long-term liabilities 226,859 221,280
Total liabilities 3,203,735 3,205,315
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 - 92,618,032 and 91,909,430 (including 1,759,870 and 1,221,593 of unvested stock awards) as of March 31, 2020 and December 31, 2019, respectively 9,262 9,191
Capital surplus 814,425 809,753
Retained earnings 1,546,939 1,510,709
Accumulated other comprehensive loss (98,963) (75,706)
Treasury stock, at cost: 18,914,841 shares and 15,344,917 shares as of March 31, 2020 and December 31, 2019, respectively (586,153) (466,727)
Total MasTec, Inc. shareholders’ equity 1,685,510 1,787,220
Non-controlling interests 4,303 4,471
Total equity 1,689,813 1,791,691
Total liabilities and equity $ 4,893,548 $ 4,997,006