Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 94,862 $ 66,199
Accounts receivable — billed and billable, net of reserves of $4,163 and $4,226 432,255 444,357
Accounts receivable — unbilled 39,878 36,433
Income taxes receivable 524 17,273
Prepaid expenses and other current assets 50,442 56,718
Total current assets 617,961 620,980
Property and equipment, net 112,882 131,569
Capitalized software, net 27,564 30,139
Goodwill 395,011 397,558
Intangible assets, net 101,645 109,027
Deferred contract costs, net 16,917 18,182
Deferred compensation plan assets 25,805 23,307
Deferred income taxes 8,791 8,644
Other assets 9,910 9,413
Total assets 1,316,486 1,348,819
Current liabilities:    
Accounts payable and accrued liabilities 130,537 150,711
Accrued compensation and benefits 80,636 96,480
Deferred revenue 63,533 73,692
Income taxes payable 11,870 7,979
Long-term debt, current portion 217 277
Other liabilities 11,582 11,617
Total current liabilities 298,375 340,756
Deferred revenue, less current portion 32,902 40,007
Deferred income taxes 10,550 16,813
Long-term debt 115,559 165,338
Deferred compensation plan liabilities, less current portion 26,950 24,012
Other liabilities 8,740 8,753
Total liabilities 493,076 595,679
Shareholders' equity:    
Common stock, no par value; 100,000 shares authorized; 64,822 and 65,223 shares issued and outstanding at March 31, 2017 and September 30, 2016, at stated amount, respectively 472,075 461,679
Accumulated other comprehensive loss (40,235) (36,169)
Retained earnings 387,881 323,571
Total MAXIMUS shareholders’ equity 819,721 749,081
Noncontrolling interests 3,689 4,059
Total equity 823,410 753,140
Total liabilities and equity $ 1,316,486 $ 1,348,819