Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 229,021 $ 166,252
Short-term investments 20,166 0
Accounts receivable — billed and billable, net of reserves of $3,507 and $6,843 398,751 394,338
Accounts receivable — unbilled 36,155 36,475
Income taxes receivable 5,480 4,528
Prepaid expenses and other current assets 49,703 55,649
Total current assets 739,276 657,242
Property and equipment, net 84,944 101,651
Capitalized software, net 22,379 26,748
Goodwill 400,904 402,976
Intangible assets, net 90,693 98,769
Deferred contract costs, net 14,025 16,298
Deferred compensation plan assets 33,184 28,548
Deferred income taxes 7,502 7,691
Other assets 8,152 10,739
Total assets 1,401,059 1,350,662
Current liabilities:    
Accounts payable and accrued liabilities 98,486 122,083
Accrued compensation and benefits 80,049 105,667
Deferred revenue 50,739 71,722
Income taxes payable 3,595 4,703
Other liabilities 11,177 12,091
Total current liabilities 244,046 316,266
Deferred revenue, less current portion 22,601 28,182
Deferred income taxes 29,090 20,106
Deferred compensation plan liabilities, less current portion 32,354 30,707
Other liabilities 17,221 9,633
Total liabilities 345,312 404,894
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 64,248 and 65,137 shares issued and outstanding at June 30, 2018 and September 30, 2017, at stated amount, respectively 491,852 475,592
Accumulated other comprehensive loss (34,894) (27,619)
Retained earnings 594,901 492,112
Total MAXIMUS shareholders’ equity 1,051,859 940,085
Noncontrolling interests 3,888 5,683
Total equity 1,055,747 945,768
Total liabilities and equity $ 1,401,059 $ 1,350,662