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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 512,407 $ 423,118
Accounts receivable, net of allowance 876,715 784,488
Contract assets 958,064 969,743
Inventories, net 92,677 89,645
Prepaid expenses 59,825 60,631
Other current assets 50,736 31,390
Total current assets 2,550,424 2,359,015
Property and equipment, net 1,024,509 982,328
Operating lease assets 162,359 176,573
Goodwill, net 1,262,718 1,243,034
Other intangible assets, net 225,566 184,043
Other long-term assets 312,727 282,856
Total assets 5,538,303 5,227,849
Current liabilities:    
Current portion of long-term debt, including finance leases 157,257 145,110
Current portion of operating lease liabilities 69,184 72,481
Accounts payable 632,088 571,269
Accrued salaries and wages 176,450 135,316
Other accrued expenses 236,753 187,647
Contract liabilities 259,488 228,388
Other current liabilities 101,680 74,988
Total current liabilities 1,632,900 1,415,199
Long-term debt, including finance leases 1,170,419 1,157,632
Long-term operating lease liabilities 106,971 116,506
Deferred income taxes 304,006 302,938
Other long-term liabilities 235,032 230,049
Total liabilities 3,449,328 3,222,324
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 - 93,253,268 and 93,107,440 (including 1,870,460 and 1,843,041 of unvested stock awards) as of March 31, 2021 and December 31, 2020, respectively 9,325 9,311
Capital surplus 840,567 837,453
Retained earnings 1,899,206 1,833,557
Accumulated other comprehensive loss (77,234) (91,444)
Treasury stock, at cost: 18,941,926 shares as of both March 31, 2021 and December 31, 2020, respectively (586,955) (586,955)
Total MasTec, Inc. shareholders’ equity 2,084,909 2,001,922
Non-controlling interests 4,066 3,603
Total equity 2,088,975 2,005,525
Total liabilities and equity $ 5,538,303 $ 5,227,849
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 93,253,268 93,107,440
Treasury stock, shares 18,941,926 18,941,926
Common Stock [Member]    
Equity    
Total equity $ 9,325 $ 9,311
Common stock, shares issued 93,253,268 93,107,440
Restricted Stock Awards [Member] | Common Stock [Member]    
Unvested stock awards (in shares) 1,870,460 1,843,041