MasTec, Inc. MTZ Balance Sheet

Mastec, inc. (MTZ)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and Cash Equivalents, at Carrying Value
71	71	43	59	43	27	68	20	40	40	43	18	15	38	9	8	3	4	7	4	28	24	7	15	9	22	2	13	109	26	10	16	20	7	16	78	177
Accounts receivable, net of allowance
796	850	1,953	1,841	1,986	671	2,368	2,077	1,705	1,598	1,534	1,569	1,086	1,156	1,215	1,091	970	911	1,023	1,126	1,132	1,303	1,385	1,280	1,185	1,134	1,225	1,115	902	877	873	899	667	658	711	583	444
Contract assets
997	1,024	-	-	-	1,252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories, net
106	100	106	126	121	113	125	100	80	76	84	95	99	111	108	115	99	90	90	103	100	112	105	115	89	70	63	67	70	83	91	107	100	88	96	89	57
Current deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	9	-	0	-	1	10	2	6	11
Prepaid expenses
46	52	40	44	52	56	58	43	54	101	53	80	35	41	32	45	50	54	-	-	-	46	-	-	-	-	-	28	28	-	27	-	-	21	-	-	-
Other current assets
61	75	55	55	58	47	47	40	27	35	30	27	29	55	56	61	73	68	-	-	-	44	-	-	-	-	-	17	4	-	6	11	11	11	13	14	13
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	119	96	-	71	70	66	79	41	-	-	62	-	24	23	-	16	16	17
Current assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	20	-	16	-	-	30	-	-	-
Total current assets
2,079	2,173	2,198	2,127	2,262	2,169	2,668	2,281	1,907	1,852	1,747	1,790	1,267	1,402	1,422	1,321	1,198	1,129	1,238	1,354	1,358	1,531	1,569	1,482	1,349	1,307	1,332	1,272	1,145	1,049	1,025	1,059	823	828	857	788	721
Property and equipment, net
937	905	862	852	799	747	736	739	709	706	691	648	570	549	554	559	547	558	586	614	608	623	614	618	509	488	504	470	383	348	287	282	264	263	253	240	180
Operating lease assets
210	229	233	241	223	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, net
1,221	1,221	1,140	1,144	1,140	1,100	1,149	1,146	1,145	1,137	1,135	1,040	996	995	997	998	992	988	1,064	1,073	1,070	1,082	1,000	983	912	902	891	860	824	826	724	724	810	714	801	794	613
Other intangible assets, net
200	211	184	190	193	169	177	181	187	191	195	185	176	179	186	192	197	199	218	230	236	250	222	230	171	165	172	168	132	137	102	105	115	110	122	126	78
Other long-term assets
243	254	237	241	242	253	242	232	204	178	172	158	105	55	53	52	50	51	136	84	78	76	59	73	61	60	53	-	-	54	-	-	-	-	34	29	-
Available for sale auction rate securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	14	-	14	13	13	13	13	14	18
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	11
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	32	-	32	42	41	42	-	-	30
Long-term assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	-	9	-	-	121	-	-	-
Total assets
4,893	4,997	4,858	4,797	4,860	4,440	4,974	4,582	4,154	4,066	3,942	3,823	3,115	3,183	3,214	3,123	2,986	2,927	3,245	3,356	3,351	3,563	3,465	3,388	3,005	2,923	2,954	2,820	2,540	2,416	2,195	2,227	2,070	2,094	2,084	1,996	1,655
Liabilities and equity
Current liabilities:
Current portion of long-term debt, including finance leases
121	118	99	106	89	82	83	84	86	87	86	75	62	64	66	70	74	77	78	78	74	73	71	76	52	51	53	49	49	52	42	42	34	34	25	23	18
Current portion of operating lease liabilities
80	81	79	77	73	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
533	535	625	633	558	669	744	544	457	377	457	429	294	363	435	440	363	348	376	434	393	485	481	494	440	424	475	383	360	401	431	435	327	303	335	294	196
Accrued salaries and wages
123	87	133	125	105	90	123	108	78	89	119	112	60	67	99	83	73	46	80	73	79	60	82	63	68	66	81	63	43	31	55	54	40	37	47	53	33
Other accrued expenses
125	115	139	158	130	133	146	187	137	148	128	134	126	112	118	85	59	69	81	89	92	89	82	69	60	71	64	39	12	45	17	19	14	10	13	25	13
Contract liabilities
204	206	-	-	-	231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related contingent consideration, current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	22	17	-	11	20	49	49	39	36	71	67	-	51	33	-	19	13	17	17	22	25	35
Accrued taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	22	-	22	8	1	5	12	12	15
Accrued insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	20	-	18	18	17	19	16	14	16
Current deferred tax liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	3	-	-	-	-	-
Billings in excess of costs and earnings
-	-	156	200	232	-	189	243	215	194	111	102	181	161	165	130	177	149	123	121	147	155	129	108	109	121	109	133	104	123	104	99	95	108	82	81	136
Other current liabilities
71	74	100	88	73	76	85	84	72	65	98	73	88	70	40	34	47	61	34	35	43	66	17	13	20	26	39	35	42	40	28	23	30	27	20	22	21
Current liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	2	-	5	-	-	29	-	-	-
Total current liabilities
1,260	1,219	1,334	1,391	1,262	1,283	1,372	1,252	1,047	963	1,002	928	813	839	942	866	811	752	787	852	881	980	905	863	823	829	882	798	691	714	749	719	578	592	577	553	486
Acquisition-related contingent consideration, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	25	40	-	83	87	99	103	115	116	112	112	-	115	116	-	70	71	75	75	67	67	34
Long-term debt, including finance leases
1,297	1,314	1,221	1,250	1,539	1,324	1,688	1,532	1,343	1,280	1,192	1,313	893	961	950	998	938	932	1,098	1,136	1,078	1,061	1,088	1,088	841	765	779	806	685	546	410	467	426	460	426	400	394
Long-term operating lease liabilities
143	154	159	168	153	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
276	296	277	256	274	263	258	206	197	204	274	-	-	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	252	175	178	167	173	174	188	186	189	191	203	180	186	154	154	151	141	122	119	108	-112	-123	122	117	111	-62
Other long-term liabilities
226	221	186	178	195	176	164	159	191	184	170	94	86	99	98	90	77	109	65	63	66	66	45	43	40	40	42	38	39	38	40	41	36	31	25	24	24
Total liabilities
3,203	3,205	3,179	3,246	3,426	3,047	3,484	3,151	2,780	2,633	2,639	2,590	1,968	2,079	2,184	2,153	2,042	1,983	2,221	2,329	2,317	2,415	2,335	2,299	1,972	1,902	1,975	1,900	1,655	1,554	1,379	1,411	1,241	1,283	1,215	1,156	1,002
Commitments and contingencies (Note 14)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity
Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 92,618,032 and 91,909,430 (including 1,759,870 and 1,221,593 of unvested stock awards) as of March 31, 2020 and December 31, 2019, respectively
9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	7
Capital surplus
814	809	804	799	793	789	788	783	779	775	800	796	791	788	785	781	775	769	767	764	761	756	781	776	827	822	819	809	809	803	798	796	794	792	786	784	663
Contributed shares (See Note 12)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	6	6	6	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
1,546	1,510	1,409	1,281	1,161	1,118	1,086	965	885	857	696	632	550	509	456	400	375	378	455	447	451	457	436	387	353	341	300	254	219	200	164	137	107	93	84	53	-12
Accumulated other comprehensive loss
-98	-75	-82	-74	-66	-60	-50	-55	-56	-63	-64	-66	-64	-65	-80	-79	-74	-72	-66	-52	-56	-34	-23	-10	-18	-13	-9	-12	-6	-5	-5	-7	-6	-7	-9	-6	-6
Treasury stock, at cost: 18,914,841 shares and 15,344,917 shares as of March 31, 2020 and December 31, 2019, respectively
586	466	466	466	466	466	345	275	245	147	145	145	145	145	145	145	145	145	145	145	136	45	83	83	150	150	150	150	150	150	150	118	75	75	1	-	-
Total MasTec, Inc. shareholders’ equity
1,685	1,787	1,674	1,548	1,431	1,389	1,487	1,428	1,371	1,430	1,295	1,226	1,142	1,096	1,024	965	940	939	1,020	1,022	1,029	1,143	1,125	1,084	1,027	1,016	974	915	880	857	815	815	829	811	868	839	653
Non-controlling interests
4	4	4	3	2	2	2	2	2	2	7	7	5	7	4	4	3	3	3	4	4	4	4	4	5	4	4	4	4	4	0	0	0	0	0	0	0
Total equity
1,689	1,791	1,679	1,551	1,433	1,392	1,489	1,430	1,374	1,433	1,303	1,233	1,147	1,103	1,029	970	943	943	1,024	1,027	1,033	1,148	1,130	1,089	1,032	1,021	979	920	885	861	815	815	829	811	869	839	653
Total liabilities and equity
4,893	4,997	4,858	4,797	4,860	4,440	4,974	4,582	4,154	4,066	3,942	3,823	3,115	3,183	3,214	3,123	2,986	2,927	3,245	3,356	3,351	3,563	3,465	3,388	3,005	2,923	2,954	2,820	2,540	2,416	2,195	2,227	2,070	2,094	2,084	1,996	1,655