MAXIMUS, INC. MMS Income Statement

Maximus, inc. (MMS)

Income statement / Quarterly

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	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
Revenue
818,135	818,229	754,966	730,710	736,520	664,619	558,446	597,855	612,787	623,148	620,903	600,447	622,047	607,564	623,091	617,094	606,453	556,722	578,683	572,301	481,794	467,043	435,406	419,899	439,015	406,592	384,339	334,323	326,351	286,266	300,737	266,353	243,452	239,603	250,107	238,296	227,116	214,114	212,516	211,527	204,386	203,320
Cost of revenue
665,037	642,779	586,716	556,463	567,098	505,354	419,508	443,171	463,984	471,188	458,322	448,258	469,730	462,746	470,161	465,715	458,786	446,507	453,376	428,503	357,449	347,776	322,474	307,296	318,343	300,676	266,840	239,763	228,907	209,736	216,108	187,652	178,686	179,756	181,880	171,897	164,050	158,155	151,422	154,514	153,835	151,145
Gross profit
153,098	175,450	168,250	174,247	169,422	159,265	138,938	154,684	148,803	151,960	162,581	152,189	152,317	144,818	152,930	151,379	147,667	110,215	125,307	143,798	124,345	119,267	112,932	112,603	120,672	105,916	117,499	94,560	97,444	76,530	84,629	78,701	64,766	59,847	68,227	66,399	63,066	55,959	61,094	57,013	50,551	52,175
Selling, general and administrative expenses
106,853	87,227	81,646	81,604	78,102	79,671	71,215	69,588	74,879	69,559	82,291	68,308	68,596	65,398	69,175	69,706	65,976	64,234	60,441	66,997	59,392	51,962	58,844	55,838	53,624	52,619	55,731	49,181	46,693	42,222	46,017	43,877	37,959	32,756	34,560	35,259	33,572	28,667	30,904	31,658	28,787	27,429
Amortization of intangible assets
8,934	9,088	9,028	9,049	9,519	5,458	2,462	2,525	2,603	2,718	2,700	2,720	3,386	3,402	3,449	3,517	3,262	3,149	3,167	3,275	1,432	1,474	-	1,542	1,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
-	-	-	-	-	-	-	-	-	-	-	0	0	2,242	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	529	46	172	2,459	1,514	600	-	-	-	-	830	1,174	16	148	-	1,877	233	-	-	-	-	-	-	-	-	-
Gain on sale of a business
-	-	-	-	-	-	-	-	-	-	-	650	-	-	-	6,453	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal and settlement expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-182	0	142	-	-352	-824	186	-	361	-	-	-254	0	-6,037	686
Operating income
37,311	79,135	77,576	83,594	81,801	74,136	61,908	82,571	71,321	79,683	77,590	81,811	80,335	73,776	81,308	84,609	77,900	42,786	61,527	71,067	62,007	65,231	51,808	55,223	64,980	53,297	56,015	44,387	50,735	34,018	39,732	33,299	27,398	26,905	34,836	30,779	29,494	27,292	30,190	25,355	27,801	24,060
Interest expense
465	484	343	420	1,569	625	590	85	157	168	111	458	744	849	843	1,029	1,273	989	709	689	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
573	719	122	556	447	2,045	798	2,249	1,392	287	899	1,306	417	263	97	62	2,209	1,131	257	8	219	901	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income/ (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	495	476	332	-	701	637	1,106	1,080	1,164	824	1,104	1,124	961	919	491	189	442	186	99
Income before income taxes
37,419	79,370	77,355	83,730	80,679	75,556	62,116	84,735	72,556	79,802	78,378	82,659	80,008	73,190	80,562	83,642	78,836	42,928	61,075	70,386	62,226	66,132	52,566	55,718	65,456	53,629	57,438	45,088	51,372	35,124	40,812	34,463	28,222	28,009	35,960	31,740	30,413	27,783	30,379	25,797	27,987	24,159
Provision for income taxes
9,769	20,636	17,314	20,765	18,913	19,833	16,600	24,493	17,450	19,850	23,410	24,871	26,911	26,861	29,375	30,892	29,495	16,046	24,663	28,127	23,198	23,782	16,414	21,290	23,995	20,274	21,622	17,052	19,658	13,341	17,326	13,987	14,011	10,351	10,403	11,780	11,375	10,196	9,698	9,672	9,996	9,559
Net income
27,650	58,734	60,041	62,965	61,766	55,723	45,516	60,242	55,106	59,952	54,968	57,788	53,097	46,329	51,187	52,750	49,341	26,882	36,412	42,259	39,028	42,350	36,152	34,428	41,461	33,355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss attributable to noncontrolling interests
0	0	-	-	-158	-190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss)/income attributable to noncontrolling interests
-	-	-	67	-	-	-791	381	-386	861	1,639	870	582	-335	444	525	556	273	975	593	220	489	-84	290	254	-504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,036	31,714	21,783	-	20,476	14,211	17,658	25,557	19,960	19,038	17,587	20,681	16,125	17,991	14,600
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-91	-503	-	-	-	-	-	-65	-265	-	1,060	1,200	752	-1,972
Gain on disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	66	36	-	9	62	46	-179	-3	-554	-105	-	-	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-25	-467	-	9	62	46	18	-68	-819	-105	1,032	1,200	752	-1,972
Net income attributable to MAXIMUS
27,650	58,734	60,089	62,898	61,924	55,913	46,307	59,861	55,492	59,091	53,329	56,918	52,515	46,664	50,743	52,225	48,785	26,609	35,437	41,666	38,808	41,861	36,236	34,138	41,207	33,859	35,626	28,100	31,689	21,316	23,671	20,485	14,273	17,704	25,575	19,892	18,219	17,482	21,713	17,325	18,743	12,628
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.41	0.47	0.32	-	0.30	0.42	0.52	-0.45	0.58	0.55	0.51	-0.33	0.46	1.03	0.83
Income (loss) from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-0.01	-0.01	-	-	-	0.01	-	-0.01	-0.02	-	0.05	0.04	0.05	-0.11
Basic earnings per share (in dollars per share)
0.43	0.91	0.93	0.98	0.96	0.86	0.72	0.91	0.84	0.90	0.81	0.87	0.80	0.71	0.78	0.79	0.74	0.40	0.52	0.63	0.59	0.63	0.54	0.50	0.61	0.50	0.53	0.41	0.46	0.31	-0.13	0.30	0.42	0.53	-0.43	0.57	0.53	0.51	-0.28	0.50	1.08	0.72
Income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	0.45	0.31	-	0.29	0.41	0.51	-0.44	0.56	0.54	0.50	-0.33	0.45	1.00	0.81
Income/(loss) from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01	-0.03	-0.01	0.07	0.03	0.04	-0.11
Diluted earnings per share (in dollars per share)
0.43	0.91	0.93	0.97	0.96	0.86	0.71	0.91	0.84	0.89	0.80	0.86	0.80	0.71	0.76	0.79	0.74	0.40	0.52	0.62	0.58	0.63	0.54	0.49	0.59	0.49	0.51	0.40	0.45	0.31	-0.12	0.29	0.41	0.51	-0.42	0.56	0.51	0.49	-0.26	0.48	1.04	0.70
Dividends paid per share (in dollars per share)
0.28	0.28	0.25	0.25	0.25	0.25	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	-0.04	0.04	0.09	0.09	-0.06	0.07	0.08	0.06	-	0.06	0.12	0.12
Weighted average shares outstanding:
Dividends per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	0.06	-	-
Basic (in shares)
63,934	64,597	64,391	64,405	64,369	64,827	64,652	65,630	65,856	65,866	65,638	65,571	65,549	65,770	65,808	65,766	65,760	65,954	69,030	65,901	65,862	65,935	66,780	67,659	67,884	68,397	68,157	68,162	68,179	68,162	135,539	67,946	33,788	33,663	171,845	34,708	34,422	34,361	69,458	34,847	17,408	17,595
Diluted (in shares)
64,125	64,758	64,901	64,759	64,643	64,977	65,358	65,925	66,268	66,177	66,211	66,082	65,947	66,020	66,355	66,194	66,079	66,288	68,117	67,098	66,987	66,898	68,248	69,031	69,307	69,762	70,044	69,867	69,909	69,752	139,423	69,736	34,728	34,557	177,451	35,803	35,574	35,420	71,693	36,008	17,980	18,039