XML 91 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Unaudited Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 10,472 $ 7,406
Accounts receivable, net of allowance 873,102 652,553
Inventories 91,037 88,914
Deferred tax assets, net 0 10,596
Prepaid expenses and deposits 27,851 21,001
Other current assets 6,435 11,739
Current assets of discontinued operations 16,665 30,608
Total current assets 1,025,562 822,817
Property and equipment, net 287,529 263,007
Goodwill 724,347 714,772
Other intangible assets, net 102,229 110,707
Available for sale auction rate securities 14,110 13,565
Other assets 32,928 42,167
Long-term assets of discontinued operations 9,195 121,695
Total assets 2,195,900 2,088,730
Current liabilities:    
Current maturities of long-term debt 42,436 34,050
Accounts payable 431,864 297,712
Accrued salaries and wages 55,661 37,561
Accrued taxes payable 22,316 5,383
Accrued insurance 18,351 19,304
Other accrued expenses 17,021 10,629
Current deferred tax liabilities, net 4,619 0
Acquisition-related contingent consideration, current 19,210 16,955
Billings in excess of costs and earnings 104,281 108,433
Other current liabilities 28,407 27,169
Current liabilities of discontinued operations 5,334 29,274
Total current liabilities 749,500 586,470
Acquisition-related contingent consideration 70,870 75,925
Long-term debt 410,561 460,690
Deferred tax liabilities, net 108,684 122,614
Other liabilities 40,319 31,824
Total liabilities 1,379,934 1,277,523
Commitments and contingencies (See Note 14)      
Shareholders' 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 - 85,435,438 and 85,162,527 as of September 30, 2012 and December 31, 2011, respectively 8,544 8,516
Capital surplus 798,108 792,096
Accumulated surplus 164,574 93,489
Accumulated other comprehensive loss (5,303) (7,946)
Treasury stock, at cost; shares - 9,467,286 and 4,593,663 as of September 30, 2012 and December 31, 2011, respectively (150,000) (75,000)
Total MasTec, Inc. shareholders' equity 815,923 811,155
Non-controlling interests 43 52
Total shareholders' equity 815,966 811,207
Total liabilities and shareholders' equity $ 2,195,900 $ 2,088,730