Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 104,378 $ 66,199
Accounts receivable — billed and billable, net of reserves of $4,371 and $4,226 376,972 444,357
Accounts receivable — unbilled 43,718 36,433
Income taxes receivable 11,569 17,273
Prepaid expenses and other current assets 52,902 56,718
Total current assets 589,539 620,980
Property and equipment, net 106,622 131,569
Capitalized software, net 27,370 30,139
Goodwill 397,386 397,558
Intangible assets, net 99,487 109,027
Deferred contract costs, net 17,048 18,182
Deferred compensation plan assets 27,148 23,307
Deferred income taxes 8,548 8,644
Other assets 10,347 9,413
Total assets 1,283,495 1,348,819
Current liabilities:    
Accounts payable and accrued liabilities 111,856 150,711
Accrued compensation and benefits 85,662 96,480
Deferred revenue 67,498 73,692
Income taxes payable 7,713 7,979
Long-term debt, current portion 180 277
Other liabilities 12,541 11,617
Total current liabilities 285,450 340,756
Deferred revenue, less current portion 29,893 40,007
Deferred income taxes 24,731 16,813
Long-term debt 15,540 165,338
Deferred compensation plan liabilities, less current portion 28,668 24,012
Other liabilities 9,122 8,753
Total liabilities 393,404 595,679
Shareholders’ equity:    
Common stock, no par value; 100,000 shares authorized; 64,854 and 65,223 shares issued and outstanding at June 30, 2017 and September 30, 2016, at stated amount, respectively 478,120 461,679
Accumulated other comprehensive loss (34,303) (36,169)
Retained earnings 441,795 323,571
Total MAXIMUS shareholders’ equity 885,612 749,081
Noncontrolling interests 4,479 4,059
Total equity 890,091 753,140
Total liabilities and equity $ 1,283,495 $ 1,348,819