Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 54,736 $ 349,245
Short-term investments 0 20,264
Accounts receivable — billed and billable, net of reserves of $6,430 and $4,285 486,922 357,613
Accounts receivable — unbilled 124,385 31,536
Income taxes receivable 7,066 5,979
Prepaid expenses and other current assets 49,915 43,995
Total current assets 723,024 808,632
Property and equipment, net 81,352 77,544
Capitalized software, net 22,773 22,429
Goodwill 585,735 399,882
Intangible assets, net 204,553 88,035
Deferred contract costs, net 16,049 14,380
Deferred compensation plan assets 28,970 34,305
Deferred income taxes 209 6,834
Other assets 6,637 9,959
Total assets 1,669,302 1,462,000
Current liabilities:    
Accounts payable and accrued liabilities 152,532 114,378
Accrued compensation and benefits 97,563 95,555
Deferred revenue 37,231 51,182
Income taxes payable 2,302 4,438
Current portion of long-term debt and other borrowings 5,124 136
Other liabilities 17,474 11,760
Total current liabilities 312,226 277,449
Deferred revenue, less current portion 22,275 20,394
Deferred income taxes 49,617 26,377
Long-term debt 120,321 374
Deferred compensation plan liabilities, less current portion 31,769 33,497
Other liabilities 15,715 17,490
Total liabilities 551,923 375,581
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 63,717 and 64,371 shares issued and outstanding at December 31, 2018 and September 30, 2018, at stated amount, respectively 492,938 487,539
Accumulated other comprehensive loss (42,673) (36,953)
Retained earnings 664,332 633,281
Total MAXIMUS shareholders’ equity 1,114,597 1,083,867
Noncontrolling interests 2,782 2,552
Total equity 1,117,379 1,086,419
Total liabilities and equity $ 1,669,302 $ 1,462,000