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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 214,174 $ 370,592
Accounts receivable, net of allowance 1,542,913 1,399,732
Contract assets 1,967,046 1,729,886
Inventories, net 129,146 117,969
Prepaid expenses 82,344 122,308
Other current assets 102,910 118,640
Total current assets 4,038,533 3,859,127
Property and equipment, net 1,729,840 1,754,101
Operating lease right-of-use assets 403,070 279,534
Goodwill, net 2,118,866 2,045,041
Other intangible assets, net 821,329 946,299
Other long-term assets 418,089 409,157
Total assets 9,529,727 9,293,259 Close
Current liabilities:    
Current portion of long-term debt, including finance leases 175,340 171,916
Current portion of operating lease liabilities 131,781 96,516
Accounts payable 1,213,859 1,109,867
Accrued salaries and wages 248,458 181,888
Other accrued expenses 331,396 365,971
Contract liabilities 506,457 406,232
Other current liabilities 204,002 163,647
Total current liabilities 2,811,293 2,496,037
Long-term debt, including finance leases 3,029,939 3,052,193
Long-term operating lease liabilities 279,302 194,050
Deferred income taxes 455,009 571,401
Other long-term liabilities 240,463 238,391
Total liabilities 6,816,006 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 - 98,638,673 and 98,615,105 (including 1,329,340 and 2,047,130 of unvested stock awards) as of September 30, 2023 and December 31, 2022, respectively 9,864 9,862
Capital surplus 1,254,444 1,246,590
Retained earnings 2,145,040 2,195,742
Accumulated other comprehensive loss (46,091) (50,955)
Treasury stock, at cost: 19,813,055 and 19,933,055 shares as of September 30, 2023 and December 31, 2022, respectively (659,913) (663,910)
Total MasTec, Inc. shareholders’ equity 2,703,344 2,737,329
Non-controlling interests 10,377 3,858
Total equity 2,713,721 2,741,187 Close
Total liabilities and equity $ 9,529,727 $ 9,293,259