Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 730,710 $ 597,855 $ 2,131,849 $ 1,833,790
Cost of revenue 556,463 443,171 1,628,915 1,378,343
Gross profit 174,247 154,684 502,934 455,447
Selling, general and administrative expenses 81,604 69,588 239,377 214,026
Amortization of intangible assets 9,049 2,525 24,026 7,846
Operating income 83,594 82,571 239,531 233,575
Interest expense 420 85 2,614 410
Other income, net 556 2,249 3,048 3,928
Income before income taxes 83,730 84,735 239,965 237,093
Provision for income taxes 20,765 24,493 59,511 61,793
Net income 62,965 60,242 180,454 175,300
Income/(loss) attributable to noncontrolling interests 67 381 (281) 856
Net income attributable to MAXIMUS $ 62,898 $ 59,861 $ 180,735 $ 174,444
Basic earnings per share attributable to MAXIMUS (in dollars per share) $ 0.98 $ 0.91 $ 2.80 $ 2.65
Diluted earnings per share attributable to MAXIMUS (in dollars per share) 0.97 0.91 2.79 2.64
Dividends paid per share (in dollars per share) $ 0.25 $ 0.045 $ 0.75 $ 0.135
Weighted average shares outstanding:        
Basic (in shares) 64,405 65,630 64,534 65,777
Diluted (in shares) 64,759 65,925 64,800 66,131