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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 238,174 $ 71,427
Accounts receivable, net of allowance 917,099 850,326
Contract assets 1,019,879 1,024,568
Inventories, net 85,541 100,069
Prepaid expenses 44,365 52,000
Other current assets 29,017 75,169
Total current assets 2,334,075 2,173,559
Property and equipment, net 994,193 905,835
Operating lease assets 187,531 229,903
Goodwill, net 1,231,717 1,221,440
Other intangible assets, net 191,673 211,528
Other long-term assets 262,560 254,741
Total assets 5,201,749 4,997,006
Current liabilities:    
Current portion of long-term debt, including finance leases 138,935 118,429
Current portion of operating lease liabilities 74,439 81,561
Accounts payable 582,849 535,029
Accrued salaries and wages 108,796 87,562
Other accrued expenses 169,748 115,581
Contract liabilities 368,184 206,180
Other current liabilities 71,203 74,784
Total current liabilities 1,514,154 1,219,126
Long-term debt, including finance leases 1,164,457 1,314,030
Long-term operating lease liabilities 125,639 154,553
Deferred income taxes 301,216 296,326
Other long-term liabilities 219,138 221,280
Total liabilities 3,324,604 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 - 92,761,041 and 91,909,430 (including 1,732,454 and 1,221,593 of unvested stock awards) as of September 30, 2020 and December 31, 2019, respectively 9,276 9,191
Capital surplus 829,495 809,753
Retained earnings 1,720,435 1,510,709
Accumulated other comprehensive loss (98,906) (75,706)
Treasury stock, at cost: 18,941,926 shares and 15,344,917 shares as of September 30, 2020 and December 31, 2019, respectively (586,955) (466,727)
Total MasTec, Inc. shareholders’ equity 1,873,345 1,787,220
Non-controlling interests 3,800 4,471
Total equity 1,877,145 1,791,691
Total liabilities and equity $ 5,201,749 $ 4,997,006
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 145,000,000 145,000,000
Common stock, shares issued 92,761,041 91,909,430
Treasury stock, shares 18,941,926 15,344,917
Common Stock [Member]    
Equity    
Total equity $ 9,276 $ 9,191
Common stock, shares issued 92,761,041 91,909,430
Restricted Stock Awards [Member] | Common Stock [Member]    
Unvested stock awards (in shares) 1,732,454 1,221,593