Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 71,084 $ 349,245
Short-term investments 0 20,264
Accounts receivable — billed and billable, net of reserves of $6,560 and $4,285 525,882 357,613
Accounts receivable — unbilled 94,102 31,536
Income taxes receivable 693 5,979
Prepaid expenses and other current assets 47,617 43,995
Total current assets 739,378 808,632
Property and equipment, net 84,694 77,544
Capitalized software, net 30,761 22,429
Goodwill 583,703 399,882
Intangible assets, net 185,965 88,035
Deferred contract costs, net 22,477 14,380
Deferred compensation plan assets 33,114 34,305
Deferred income taxes 617 6,834
Other assets 10,197 9,959
Total assets 1,690,906 1,462,000
Current liabilities:    
Accounts payable and accrued liabilities 182,551 114,378
Accrued compensation and benefits 103,990 95,555
Deferred revenue 40,951 51,182
Income taxes payable 5,109 4,438
Current portion of long-term debt and other borrowings 3,648 136
Other liabilities 20,450 11,760
Total current liabilities 356,699 277,449
Deferred revenue, less current portion 26,435 20,394
Deferred income taxes 44,769 26,377
Long-term debt 268 374
Deferred compensation plan liabilities, less current portion 34,689 33,497
Other liabilities 13,147 17,490
Total liabilities 476,007 375,581
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 63,811 and 64,371 shares issued and outstanding at June 30, 2019, and September 30, 2018, at stated amount, respectively 503,184 487,539
Accumulated other comprehensive loss (41,110) (36,953)
Retained earnings 752,370 633,281
Total MAXIMUS shareholders’ equity 1,214,444 1,083,867
Noncontrolling interests 455 2,552
Total equity 1,214,899 1,086,419
Total liabilities and equity $ 1,690,906 $ 1,462,000