Maximus, inc. (MMS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
ASSETS
Current assets:
Cash and cash equivalents

126,257

149,515

105,565

71,084

46,799

54,736

349,245

229,021

253,227

196,905

166,252

104,378

94,862

69,767

66,199

50,609

60,783

50,958

74,672

81,877

114,535

149,196

158,112

182,942

131,323

120,584

125,617

187,911

187,343

167,138

189,312

168,900

229,537

191,048

172,950

204,016

183,155

177,004

155,321

Short-term investments

-

-

-

0

0

0

20,264

20,166

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,356

12,073

11,915

-

12,313

12,934

12,106

11,593

11,930

6,681

7,116

4,839

5,097

4,930

4,966

4,182

Accounts receivable — billed and billable, net of reserves of $12,054 and $5,382

529,928

511,670

476,690

525,882

491,560

486,922

357,613

398,751

415,008

438,995

394,338

376,972

432,255

426,372

444,357

421,132

433,228

425,159

396,177

377,729

339,527

265,383

263,011

274,544

309,784

277,603

264,300

221,319

205,397

198,939

172,705

157,795

140,664

149,936

146,900

125,747

138,153

114,586

136,260

Accounts receivable — unbilled

120,159

123,420

123,884

94,102

131,250

124,385

31,536

36,155

41,202

30,944

36,475

43,718

39,878

38,431

36,433

36,331

35,777

32,799

30,929

27,578

28,845

30,862

26,556

17,006

20,303

21,596

28,656

16,329

18,689

11,387

10,539

12,385

7,242

7,588

7,170

16,394

15,228

18,797

17,245

Income taxes receivable

33,852

6,049

20,805

693

20,733

7,066

5,979

5,480

1,677

2,086

4,528

11,569

524

1,759

17,273

5,072

21,124

-

7,310

-

-

-

-

2,620

75

-

-

3,359

11,517

4,711

3,800

3,258

4,109

7,054

12,959

19,127

14,919

8,559

4,149

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,567

32,572

25,152

28,108

27,773

29,928

19,386

26,443

25,183

20,992

21,779

22,207

23,916

23,943

22,409

19,256

17,301

16,074

14,848

13,290

Prepaid expenses and other current assets

53,257

53,254

62,481

47,617

49,668

49,915

43,995

49,703

47,918

49,919

55,649

52,902

50,442

51,126

56,718

50,073

49,351

49,201

52,819

64,336

54,530

52,877

56,673

36,159

31,966

31,775

44,583

36,466

36,690

38,171

33,061

39,266

29,406

26,605

27,202

24,223

24,386

24,682

25,702

Total current assets

863,453

843,908

789,425

739,378

740,010

723,024

808,632

739,276

759,032

718,849

657,242

589,539

617,961

587,455

620,980

563,217

600,263

558,117

561,907

583,087

570,009

523,470

532,460

554,400

535,452

482,859

489,599

502,880

493,562

454,231

443,217

417,450

441,582

411,756

391,276

411,905

396,845

363,442

356,149

Property and equipment, at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,694

119,423

-

Less accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71,335

70,918

-

Property and equipment, net

80,843

92,377

99,589

84,694

76,693

81,352

77,544

84,944

90,741

95,931

101,651

106,622

112,882

121,799

131,569

136,295

137,493

138,131

137,830

118,169

103,234

83,355

80,246

71,961

70,982

73,333

77,710

63,371

58,845

58,284

58,798

57,227

50,722

50,235

51,740

50,426

49,359

48,505

48,873

Capitalized software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,418

38,537

-

Less accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,438

12,191

-

Capitalized software, net

33,746

32,936

32,369

30,761

25,232

22,773

22,429

22,379

22,601

24,629

26,748

27,370

27,564

28,172

30,139

30,983

31,033

30,740

32,483

34,787

35,311

37,665

39,734

41,482

41,542

40,991

40,456

36,106

32,374

29,304

27,390

26,140

26,697

26,444

26,616

27,589

26,980

26,346

24,715

Operating lease right-of-use assets

179,701

200,690

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

585,800

586,659

584,469

583,703

587,751

585,735

399,882

400,904

405,082

403,261

402,976

397,386

395,011

393,480

397,558

398,929

401,152

387,118

376,302

379,895

162,214

166,470

170,626

175,471

173,191

172,216

171,867

109,295

111,670

112,021

112,032

104,697

72,705

72,020

71,323

73,252

72,832

72,189

71,251

Intangible assets, net

161,091

171,077

179,250

185,965

195,354

204,553

88,035

90,693

94,109

96,138

98,769

99,487

101,645

104,809

109,027

112,966

117,732

99,600

102,358

106,621

34,031

36,630

39,239

42,117

42,974

41,017

42,039

21,596

22,874

24,129

25,330

27,050

5,246

5,427

5,651

6,409

6,963

7,389

7,778

Deferred contract costs, net

19,278

18,224

18,921

22,477

19,771

16,049

14,380

14,025

14,673

14,901

16,298

17,048

16,917

17,805

18,182

17,068

17,782

18,123

19,126

19,715

19,005

15,390

12,046

13,750

12,321

12,954

14,318

11,695

10,675

14,619

9,284

6,717

6,939

7,246

8,020

8,617

7,991

7,320

6,708

Deferred compensation plan assets

28,016

35,151

32,908

33,114

32,387

28,970

34,305

33,184

29,703

29,826

28,548

27,148

25,805

23,816

23,307

22,015

21,519

21,187

19,310

20,904

21,003

20,657

17,126

11,242

10,977

10,901

10,314

9,768

9,831

9,373

9,220

8,803

9,116

8,543

8,004

9,171

9,176

8,878

8,317

Deferred income taxes

186

191

186

617

209

209

6,834

7,502

7,625

7,679

7,691

8,548

8,791

8,929

8,644

5,047

5,204

11,077

11,058

-

-

-

-

1,567

590

566

-

1,167

1,249

833

1,369

789

812

778

732

676

453

425

1,844

Other assets

8,320

8,578

8,615

10,197

10,309

6,637

9,959

8,152

6,934

10,316

10,739

10,347

9,910

10,072

9,413

11,573

10,635

11,442

11,184

12,467

10,154

8,615

9,519

10,090

8,950

9,363

11,675

3,180

3,280

3,111

8,653

2,713

2,015

1,962

1,917

2,022

2,019

2,250

2,106

Total assets

1,960,406

1,989,791

1,745,732

1,690,906

1,687,716

1,669,302

1,462,000

1,401,059

1,430,500

1,401,530

1,350,662

1,283,495

1,316,486

1,296,337

1,348,819

1,298,093

1,342,813

1,275,535

1,271,558

1,275,645

954,961

892,252

900,996

922,080

896,979

844,200

857,978

759,058

744,360

705,905

695,293

651,586

615,834

584,411

565,279

590,067

572,618

536,744

527,741

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities

191,505

174,707

177,786

182,551

169,099

152,532

114,378

98,486

119,589

133,408

122,083

111,856

130,537

134,482

150,711

133,162

135,704

161,905

155,411

164,486

126,122

113,671

103,181

101,313

109,654

105,723

109,020

87,689

80,553

82,826

73,128

60,755

67,278

62,490

55,470

61,552

62,206

53,638

49,200

Accrued compensation and benefits

98,882

104,263

106,789

103,990

87,698

97,563

95,555

80,049

81,833

67,304

105,667

85,662

80,636

68,996

96,480

78,086

74,975

67,051

99,700

88,413

67,765

57,025

94,137

73,133

64,651

52,111

83,280

55,052

49,592

41,707

56,105

47,769

40,409

34,527

47,748

41,134

36,288

29,626

40,807

Deferred revenue

46,206

42,756

43,344

40,951

39,215

37,231

51,182

50,739

52,743

63,185

71,722

67,498

63,533

64,665

73,692

70,302

80,429

76,876

77,642

63,586

55,096

56,106

55,878

57,447

53,042

54,081

53,137

66,009

66,072

62,401

45,501

62,619

59,265

56,030

47,902

45,109

47,112

53,286

58,070

Acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,951

2,005

1,863

1,840

2,969

1,028

1,000

923

Income taxes payable

758

5,563

13,952

5,109

3,159

2,302

4,438

3,595

11,652

2,794

4,703

7,713

11,870

9,166

7,979

8,401

2,577

3,001

11,709

38,640

16,887

19,449

4,693

17,743

18,379

14,001

8,327

8,537

4,434

1,785

3,100

5,418

5,497

4,409

5,104

9,420

7,835

8,260

7,120

Current portion of long-term debt and other borrowings

9,352

7,009

9,658

3,648

3,681

5,124

136

-

-

-

-

180

217

240

277

326

329

340

356

-

-

-

157

164

158

164

-

167

172

176

178

171

132

86

42

-

-

-

-

Operating lease liabilities

78,656

85,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

12,973

12,785

12,709

20,450

17,909

17,474

11,760

11,177

13,534

12,565

12,091

12,541

11,582

11,563

11,617

10,585

13,343

10,103

11,562

10,843

6,951

7,702

7,275

11,576

10,115

7,636

8,276

8,715

9,018

6,819

6,599

6,942

2,377

4,432

5,787

6,100

6,817

7,038

7,934

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

634

Total current liabilities

438,332

432,708

364,238

356,699

320,761

312,226

277,449

244,046

279,351

279,256

316,266

285,450

298,375

289,112

340,756

300,862

307,357

319,276

356,380

365,968

272,821

253,953

265,321

261,376

255,999

233,716

262,040

226,169

209,841

195,714

184,611

185,625

176,963

163,837

163,893

166,284

161,286

152,848

164,688

Deferred revenue, less current portion

34,142

32,105

32,341

26,435

24,910

22,275

20,394

22,601

23,802

24,264

28,182

29,893

32,902

36,422

40,007

43,875

47,873

50,714

52,954

56,734

50,682

33,894

32,257

30,056

27,065

30,593

32,953

7,939

8,943

23,619

34,075

5,021

3,553

2,274

2,575

4,494

4,854

3,761

4,083

Deferred income taxes

49,421

47,344

46,560

44,769

51,060

49,617

26,377

29,090

10,997

25,914

20,106

24,731

10,550

22,731

16,813

5,757

7,347

15,531

6,546

16,543

15,930

17,653

21,383

16,965

-

-

16,359

16,711

15,539

8,323

10,384

16,798

11,136

12,523

11,945

7,824

7,332

5,924

4,946

Long-term debt

150,155

-

231

268

75,295

120,321

-

-

-

12,050

-

15,540

115,559

150,292

165,338

210,683

286,017

244,955

210,618

166,844

-

-

1,060

1,150

1,149

1,229

-

1,333

1,420

1,494

1,558

1,538

1,625

1,632

1,654

1,794

1,802

1,452

1,411

Acquisition-related contingent consideration, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380

393

401

406

390

401

392

388

406

2,360

2,300

2,138

Income taxes payable, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,460

1,460

1,436

1,412

1,387

1,538

1,511

1,484

1,784

1,851

1,823

1,793

Deferred compensation plan liabilities, less current portion

30,431

37,298

34,079

34,689

32,622

31,769

33,497

32,354

30,904

34,162

30,707

28,668

26,950

26,497

24,012

22,801

21,575

22,986

20,635

20,906

20,973

21,444

18,768

17,422

16,161

16,562

13,953

14,093

13,573

13,212

11,741

11,128

9,895

10,320

8,883

11,507

10,543

11,459

9,893

Operating lease liabilities, less current portion

109,339

121,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

10,118

19,711

20,082

13,147

15,487

15,715

17,864

17,221

19,118

18,232

9,633

9,122

8,740

8,911

8,753

8,594

9,203

9,331

8,726

8,252

6,326

6,867

6,022

6,609

24,969

22,988

2,898

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

821,938

690,786

497,531

476,007

520,135

551,923

375,581

345,312

364,172

393,878

404,894

393,404

493,076

533,965

595,679

592,572

679,372

662,793

655,859

635,247

366,732

333,811

344,811

333,578

325,343

305,088

328,203

268,085

251,169

244,199

244,187

221,887

205,111

192,489

190,822

194,093

190,028

179,567

188,952

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

Shareholders’ equity:
Common stock, no par value; 100,000 shares authorized; 61,313 and 63,979 shares issued and outstanding at March 31, 2020, and September 30, 2019, at stated amount, respectively

511,023

504,184

498,433

503,184

498,269

492,938

487,539

491,852

487,385

481,261

475,592

478,120

472,075

466,656

461,679

460,409

455,441

450,572

446,132

442,135

438,373

433,922

429,857

430,642

425,648

419,803

415,271

411,444

407,685

403,706

395,967

395,441

389,477

385,101

377,579

374,267

367,739

360,198

352,696

Treasury stock, at cost; 22,780 and 22,531 shares at March 31, 2013 and September 30, 2012, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

444,282

444,282

-

425,791

425,651

425,651

416,850

377,247

367,822

367,733

359,366

Accumulated other comprehensive loss

-50,116

-38,487

-45,380

-41,110

-39,136

-42,673

-36,953

-34,894

-24,435

-27,304

-27,619

-34,303

-40,235

-45,851

-36,169

-34,349

-24,984

-24,487

-22,365

-12,487

-20,803

-10,250

230

12,906

6,540

4,902

7,987

218

18,672

19,637

20,240

15,949

20,069

16,711

12,480

23,154

20,918

18,459

14,530

Retained earnings

677,561

833,308

794,739

752,370

705,824

664,332

633,281

594,901

599,630

547,151

492,112

441,795

387,881

338,460

323,571

275,846

228,834

183,063

188,611

208,404

169,802

134,057

125,875

144,954

139,448

114,407

106,250

79,311

511,116

482,645

34,899

444,100

426,828

415,761

401,248

375,800

361,755

346,253

330,929

Total MAXIMUS shareholders' equity

1,138,468

1,299,005

1,247,792

1,214,444

1,164,957

1,114,597

1,083,867

1,051,859

1,062,580

1,001,108

940,085

885,612

819,721

759,265

749,081

701,906

659,291

609,148

612,378

638,052

587,372

557,729

555,962

588,502

571,636

539,112

529,508

490,973

493,191

461,706

451,106

429,699

410,723

391,922

374,457

395,974

382,590

357,177

338,789

Noncontrolling interests

0

0

409

455

2,624

2,782

2,552

3,888

3,748

6,544

5,683

4,479

3,689

3,107

4,059

3,615

4,150

3,594

3,321

2,346

857

712

223

-

-

-

267

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

1,138,468

1,299,005

1,248,201

1,214,899

1,167,581

1,117,379

1,086,419

1,055,747

1,066,328

1,007,652

945,768

890,091

823,410

762,372

753,140

705,521

663,441

612,742

615,699

640,398

588,229

558,441

556,185

-

-

-

529,775

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

1,960,406

1,989,791

1,745,732

1,690,906

1,687,716

1,669,302

1,462,000

1,401,059

1,430,500

1,401,530

1,350,662

1,283,495

1,316,486

1,296,337

1,348,819

1,298,093

1,342,813

1,275,535

1,271,558

1,275,645

954,961

892,252

900,996

922,080

896,979

844,200

857,978

759,058

744,360

705,905

695,293

651,586

615,834

584,411

565,279

590,067

572,618

536,744

527,741