Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 71,737 $ 105,565
Accounts receivable — billed and billable, net 622,871 476,690
Accounts receivable — unbilled 163,332 123,884
Income taxes receivable 2,075 20,805
Prepaid expenses and other current assets 72,543 62,481
Total current assets 932,558 789,425
Property and equipment, net 66,721 99,589
Capitalized software, net 38,033 32,369
Operating lease right-of-use assets 177,159  
Goodwill 593,129 584,469
Intangible assets, net 145,893 179,250
Deferred contract costs, net 20,891 18,921
Deferred compensation plan assets 36,819 32,908
Deferred income taxes 1,915 186
Other assets 11,584 8,615
Total assets 2,024,702 1,745,732
Current liabilities:    
Accounts payable and accrued liabilities 253,338 177,786
Accrued compensation and benefits 137,101 106,789
Deferred revenue 51,655 43,344
Income taxes payable 5,377 13,952
Current portion of long-term debt and other borrowings 10,878 9,658
Operating lease liabilities 80,748  
Other current liabilities 22,071 12,709
Total current liabilities 561,168 364,238
Deferred revenue, less current portion 27,311 32,341
Deferred income taxes 24,737 46,560
Long-term debt, less current portion 18,017 231
Deferred compensation plan liabilities, less current portion 38,654 34,079
Operating lease liabilities, less current portion 104,011  
Other liabilities 8,985 20,082
Total liabilities 782,883 497,531
Commitments and contingencies (Note 10)
Shareholders' equity:    
Common stock, no par value; 100,000 shares authorized; 61,504 and 63,979 shares issued and outstanding at September 30, 2020 and 2019, at stated amount, respectively 513,959 498,433
Accumulated other comprehensive loss (42,638) (45,380)
Retained earnings 770,498 794,739
Total Maximus shareholders' equity 1,241,819 1,247,792
Noncontrolling interests 0 409
Total equity 1,241,819 1,248,201
Total liabilities and equity $ 2,024,702 $ 1,745,732