Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 149,515 $ 105,565
Accounts receivable — billed and billable, net of reserves of $6,846 and $5,382 511,670 476,690
Accounts receivable — unbilled 123,420 123,884
Income taxes receivable 6,049 20,805
Prepaid expenses and other current assets 53,254 62,481
Total current assets 843,908 789,425
Property and equipment, net 92,377 99,589
Capitalized software, net 32,936 32,369
Operating lease right-of-use assets 200,690  
Goodwill 586,659 584,469
Intangible assets, net 171,077 179,250
Deferred contract costs, net 18,224 18,921
Deferred compensation plan assets 35,151 32,908
Deferred income taxes 191 186
Other assets 8,578 8,615
Total assets 1,989,791 1,745,732
Current liabilities:    
Accounts payable and accrued liabilities 174,707 177,786
Accrued compensation and benefits 104,263 106,789
Deferred revenue 42,756 43,344
Income taxes payable 5,563 13,952
Current portion of long-term debt and other borrowings 7,009 9,658
Operating lease liabilities 85,625  
Other liabilities 12,785 12,709
Total current liabilities 432,708 364,238
Deferred revenue, less current portion 32,105 32,341
Deferred income taxes 47,344 46,560
Deferred compensation plan liabilities, less current portion 37,298 34,079
Operating lease liabilities, net of current portion 121,620  
Other liabilities 19,711 20,313
Total liabilities 690,786 497,531
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 63,953 and 63,979 shares issued and outstanding at December 31, 2019, and September 30, 2019, at stated amount, respectively 504,184 498,433
Accumulated other comprehensive loss (38,487) (45,380)
Retained earnings 833,308 794,739
Total MAXIMUS shareholders' equity 1,299,005 1,247,792
Noncontrolling interests 0 409
Total equity 1,299,005 1,248,201
Total liabilities and equity $ 1,989,791 $ 1,745,732