Maximus, inc. (MMS)
Income statement / TTM
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'10Jun'10Mar'10Dec'09
Revenue

3,122,040

3,040,425

2,886,815

2,690,295

2,557,440

2,433,707

2,392,236

2,454,693

2,457,285

2,466,545

2,450,961

2,453,149

2,469,796

2,454,202

2,403,360

2,358,952

2,314,159

2,189,500

2,099,821

1,956,544

1,804,142

1,761,363

1,700,912

1,649,845

1,564,269

1,451,605

1,331,279

1,247,677

1,179,707

1,096,808

1,050,145

999,515

971,458

955,122

929,633

892,042

865,273

842,543

831,749

0

0

0

Cost of revenue

2,450,995

2,353,056

2,215,631

2,048,423

1,935,131

1,832,017

1,797,851

1,836,665

1,841,752

1,847,498

1,839,056

1,850,895

1,868,352

1,857,408

1,841,169

1,824,384

1,787,172

1,685,835

1,587,104

1,456,202

1,334,995

1,295,889

1,248,789

1,193,155

1,125,622

1,036,186

945,246

894,514

842,403

792,182

762,202

727,974

712,219

697,583

675,982

645,524

628,141

617,926

610,916

0

0

0

Gross profit

671,045

687,369

671,184

641,872

622,309

601,690

594,385

618,028

615,533

619,047

611,905

602,254

601,444

596,794

562,191

534,568

526,987

503,665

512,717

500,342

469,147

465,474

452,123

456,690

438,647

415,419

386,033

353,163

337,304

304,626

287,943

271,541

259,239

257,539

253,651

246,518

237,132

224,617

220,833

0

0

0

Selling, general and administrative expenses

357,330

328,579

321,023

310,592

298,576

295,353

285,241

296,317

295,037

288,754

284,593

271,477

272,875

270,255

269,091

260,357

257,648

251,064

238,792

237,195

226,036

220,268

220,925

217,812

211,155

204,224

193,827

184,113

178,809

170,075

160,609

149,152

140,534

136,147

132,058

128,402

124,801

120,016

118,778

0

0

0

Amortization of intangible assets

36,099

36,684

33,054

26,488

19,964

13,048

10,308

10,546

10,741

11,524

12,208

12,957

13,754

13,630

13,377

13,095

12,853

11,023

9,348

7,723

5,916

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

747

3,206

4,191

4,745

0

0

0

-

-

-

-

2,168

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

Gain on sale of a business

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal and settlement expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

0

-

-629

0

0

-

0

-

-

-5,605

0

0

0

Operating income

277,616

322,106

317,107

301,439

300,416

289,936

295,483

311,165

310,405

319,419

313,512

317,230

320,028

317,593

286,603

266,822

253,280

237,387

259,832

250,113

234,269

237,242

225,308

229,515

218,679

204,434

185,155

168,872

157,784

134,447

127,334

122,438

119,918

122,014

122,401

117,755

112,331

110,638

107,406

0

0

0

Interest expense

1,712

2,816

2,957

3,204

2,869

1,457

1,000

521

894

1,481

2,162

2,894

3,465

3,994

4,134

4,000

3,660

2,387

1,398

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

1,970

1,844

3,170

3,846

5,539

6,484

4,726

4,827

3,884

2,909

2,885

2,083

839

2,631

3,499

3,659

3,605

1,615

1,385

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income/ (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,524

3,987

4,174

4,172

4,216

4,013

4,108

3,495

2,560

2,041

1,308

916

0

0

0

Income before income taxes

277,874

321,134

317,320

302,081

303,086

294,963

299,209

315,471

313,395

320,847

314,235

316,419

317,402

316,230

285,968

266,481

253,225

236,615

259,819

251,310

236,642

239,872

227,369

232,241

221,611

207,527

189,022

172,396

161,771

138,621

131,506

126,654

123,931

126,122

125,896

120,315

114,372

111,946

108,322

0

0

0

Provision for income taxes

68,484

77,628

76,825

76,111

79,839

78,376

78,393

85,203

85,581

95,042

102,053

108,018

114,039

116,623

105,808

101,096

98,331

92,034

99,770

91,521

84,684

85,481

81,973

87,181

82,943

78,606

71,673

67,377

64,312

58,665

55,675

48,752

46,545

43,909

43,754

43,049

40,941

39,562

38,925

0

0

0

Net income

209,390

243,506

240,495

225,970

223,247

216,587

220,816

230,268

227,814

225,805

212,182

208,401

203,363

199,607

180,160

165,385

154,894

144,581

160,049

159,789

151,958

154,391

145,396

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss attributable to noncontrolling interests

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss)/income attributable to noncontrolling interests

-

-

-

-1,072

-

-

65

2,495

2,984

3,952

2,756

1,561

1,216

1,190

1,798

2,329

2,397

2,061

2,277

1,218

915

949

-44

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

77,902

77,386

82,213

82,142

77,266

73,431

72,384

69,397

0

0

0

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

-

1,040

0

0

0

Gain on disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-62

-74

-690

-841

0

0

0

-

-

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

135

58

-823

-974

40

1,308

2,879

1,012

0

0

0

Net income attributable to MAXIMUS

209,371

243,645

240,824

227,042

224,005

217,573

220,751

227,773

224,830

221,853

209,426

206,840

202,147

198,417

178,362

163,056

152,497

142,520

157,772

158,571

151,043

153,442

145,440

144,830

138,792

129,274

116,731

104,776

97,161

79,745

76,133

78,037

77,444

81,390

81,168

77,306

74,739

75,263

70,409

0

0

0

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