Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 81,548 $ 105,565
Accounts receivable — billed and billable, net of reserves of $13,031 and $5,382 626,471 476,690
Accounts receivable — unbilled 203,267 123,884
Income taxes receivable 8,284 20,805
Prepaid expenses and other current assets 59,942 62,481
Total current assets 979,512 789,425
Property and equipment, net 73,319 99,589
Capitalized software, net 35,447 32,369
Operating lease right-of-use assets 171,041  
Goodwill 586,757 584,469
Intangible assets, net 151,115 179,250
Deferred contract costs, net 20,267 18,921
Deferred compensation plan assets 33,834 32,908
Deferred income taxes 3,450 186
Other assets 8,244 8,615
Total assets 2,062,986 1,745,732
Current liabilities:    
Accounts payable and accrued liabilities 217,831 177,786
Accrued compensation and benefits 130,396 106,789
Deferred revenue 48,743 43,344
Income taxes payable 4,725 13,952
Current portion of long-term debt and other borrowings 7,000 9,658
Operating lease liabilities 74,878  
Other liabilities 18,971 12,709
Total current liabilities 502,544 364,238
Deferred revenue, less current portion 30,090 32,341
Deferred income taxes 44,532 46,560
Long-term debt, less current portion 145,161 231
Deferred compensation plan liabilities, less current portion 34,302 34,079
Operating lease liabilities, less current portion 103,236  
Other liabilities 8,174 20,082
Total liabilities 868,039 497,531
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 61,313 and 63,979 shares issued and outstanding at June 30, 2020, and September 30, 2019, at stated amount, respectively 517,200 498,433
Accumulated other comprehensive loss (46,684) (45,380)
Retained earnings 724,431 794,739
Total Maximus shareholders' equity 1,194,947 1,247,792
Noncontrolling interests 0 409
Total equity 1,194,947 1,248,201
Total liabilities and equity $ 2,062,986 $ 1,745,732