XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2Close
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 119,905 $ 370,592
Accounts receivable, net of allowance 1,485,199 1,399,732
Contract assets 1,850,748 1,729,886
Inventories, net 152,845 117,969
Prepaid expenses 101,103 122,308
Other current assets 119,204 118,640
Total current assets 3,829,004 3,859,127
Property and equipment, net 1,753,667 1,754,101
Operating lease right-of-use assets 347,060 279,534
Goodwill, net 2,079,522 2,045,041
Other intangible assets, net 862,775 946,299
Other long-term assets 415,792 409,157
Total assets 9,287,820 9,293,259 Close
Current liabilities:    
Current portion of long-term debt, including finance leases 169,253 171,916
Current portion of operating lease liabilities 117,633 96,516
Accounts payable 930,270 1,109,867
Accrued salaries and wages 179,847 181,888
Other accrued expenses 351,274 365,971
Contract liabilities 487,198 406,232
Other current liabilities 205,360 163,647
Total current liabilities 2,440,835 2,496,037
Long-term debt, including finance leases 3,154,576 3,052,193
Long-term operating lease liabilities 235,977 194,050
Deferred income taxes 520,820 571,401
Other long-term liabilities 247,192 238,391
Total liabilities 6,599,400 6,552,072 Close
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 - 98,674,249 and 98,615,105 (including 1,367,227 and 2,047,130 of unvested stock awards) as of June 30, 2023 and December 31, 2022, respectively 9,867 9,862
Capital surplus 1,247,231 1,246,590
Retained earnings 2,130,744 2,195,742
Accumulated other comprehensive loss (48,877) (50,955)
Treasury stock, at cost: 19,813,055 and 19,933,055 shares as of June 30, 2023 and December 31, 2022, respectively (659,913) (663,910)
Total MasTec, Inc. shareholders’ equity 2,679,052 2,737,329
Non-controlling interests 9,368 3,858
Total equity 2,688,420 2,741,187 Close
Total liabilities and equity $ 9,287,820 $ 9,293,259