Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 126,257 $ 105,565
Accounts receivable — billed and billable, net of reserves of $12,054 and $5,382 529,928 476,690
Accounts receivable — unbilled 120,159 123,884
Income taxes receivable 33,852 20,805
Prepaid expenses and other current assets 53,257 62,481
Total current assets 863,453 789,425
Property and equipment, net 80,843 99,589
Capitalized software, net 33,746 32,369
Operating lease right-of-use assets 179,701  
Goodwill 585,772 584,469
Intangible assets, net 161,091 179,250
Deferred contract costs, net 19,278 18,921
Deferred compensation plan assets 28,016 32,908
Deferred income taxes 186 186
Other assets 8,320 8,615
Total assets 1,960,406 1,745,732
Current liabilities:    
Accounts payable and accrued liabilities 191,505 177,786
Accrued compensation and benefits 98,882 106,789
Deferred revenue 46,206 43,344
Income taxes payable 758 13,952
Current portion of long-term debt and other borrowings 9,352 9,658
Operating lease liabilities 78,656  
Other liabilities 12,973 12,709
Total current liabilities 438,332 364,238
Deferred revenue, less current portion 34,142 32,341
Deferred income taxes 49,421 46,560
Long-term debt, less current portion 150,155 231
Deferred compensation plan liabilities, less current portion 30,431 34,079
Operating lease liabilities, less current portion 109,339  
Other liabilities 10,118 20,082
Total liabilities 821,938 497,531
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 61,313 and 63,979 shares issued and outstanding at March 31, 2020, and September 30, 2019, at stated amount, respectively 511,023 498,433
Accumulated other comprehensive loss (50,116) (45,380)
Retained earnings 677,561 794,739
Total MAXIMUS shareholders' equity 1,138,468 1,247,792
Noncontrolling interests 0 409
Total equity 1,138,468 1,248,201
Total liabilities and equity $ 1,960,406 $ 1,745,732