Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 46,799 $ 349,245
Short-term investments 0 20,264
Accounts receivable — billed and billable, net of reserves of $6,073 and $4,285 491,560 357,613
Accounts receivable — unbilled 131,250 31,536
Income taxes receivable 20,733 5,979
Prepaid expenses and other current assets 49,668 43,995
Total current assets 740,010 808,632
Property and equipment, net 76,693 77,544
Capitalized software, net 25,232 22,429
Goodwill 587,751 399,882
Intangible assets, net 195,354 88,035
Deferred contract costs, net 19,771 14,380
Deferred compensation plan assets 32,387 34,305
Deferred income taxes 209 6,834
Other assets 10,309 9,959
Total assets 1,687,716 1,462,000
Current liabilities:    
Accounts payable and accrued liabilities 169,099 114,378
Accrued compensation and benefits 87,698 95,555
Deferred revenue 39,215 51,182
Income taxes payable 3,159 4,438
Current portion of long-term debt and other borrowings 3,681 136
Other liabilities 17,909 11,760
Total current liabilities 320,761 277,449
Deferred revenue, less current portion 24,910 20,394
Deferred income taxes 51,060 26,377
Long-term debt 75,295 374
Deferred compensation plan liabilities, less current portion 32,622 33,497
Other liabilities 15,487 17,490
Total liabilities 520,135 375,581
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 63,811 and 64,371 shares issued and outstanding at March 31, 2019, and September 30, 2018, at stated amount, respectively 498,269 487,539
Accumulated other comprehensive loss (39,136) (36,953)
Retained earnings 705,824 633,281
Total MAXIMUS shareholders’ equity 1,164,957 1,083,867
Noncontrolling interests 2,624 2,552
Total equity 1,167,581 1,086,419
Total liabilities and equity $ 1,687,716 $ 1,462,000