Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 105,565 $ 349,245
Short-term investments 0 20,264
Accounts receivable — billed and billable,net 476,690 357,613
Accounts receivable — unbilled 123,884 31,536
Income taxes receivable 20,805 5,979
Prepaid expenses and other current assets 62,481 43,995
Total current assets 789,425 808,632
Property and equipment, net 99,589 77,544
Capitalized software, net 32,369 22,429
Goodwill 584,469 399,882
Intangible assets, net 179,250 88,035
Deferred contract costs, net 18,921 14,380
Deferred compensation plan assets 32,908 34,305
Deferred income taxes 186 6,834
Other assets 8,615 9,959
Total assets 1,745,732 1,462,000
Current liabilities:    
Accounts payable and accrued liabilities 177,786 114,378
Accrued compensation and benefits 106,789 95,555
Deferred revenue 43,344 51,182
Income taxes payable 13,952 4,438
Long-term debt, current portion 9,658 136
Other liabilities 12,709 11,760
Total current liabilities 364,238 277,449
Deferred revenue, less current portion 32,341 20,394
Deferred income taxes 46,560 26,377
Deferred compensation plan liabilities, less current portion 34,079 33,497
Other liabilities 20,313 17,864
Total liabilities 497,531 375,581
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value; 100,000 shares authorized; 63,979 and 64,371 shares issued and outstanding at September 30, 2019 and 2018, at stated amount, respectively 498,433 487,539
Accumulated other comprehensive loss (45,380) (36,953)
Retained earnings 794,739 633,281
Total MAXIMUS shareholders' equity 1,247,792 1,083,867
Noncontrolling interests 409 2,552
Total equity 1,248,201 1,086,419
Total liabilities and equity $ 1,745,732 $ 1,462,000