Maximus, Inc. (MMS) financial statements (2022 and earlier)
Company profile
| Business Address |
ATTN: TREASURY DEPT. RESTON, VA 20190 |
| State of Incorp. | VA |
| Fiscal Year End | September 30 |
| SIC | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 182 | 135 | 72 | 106 | 370 | 166 | 66 | ||
| Cash and cash equivalents | 182 | 135 | 72 | 106 | 349 | 166 | 66 | ||
| Short-term investments | 20 | ||||||||
| Restricted cash and investments | 7 | 14 | 14 | ||||||
| Receivables | 849 | 835 | 786 | 497 | 364 | 399 | 462 | ||
| Other undisclosed current assets | 117 | 110 | 75 | 186 | 68 | 79 | 79 | ||
| Total current assets: | 1,148 | 1,079 | 933 | 789 | 809 | 657 | 621 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 178 | 179 | 177 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 54 | 63 | 67 | 100 | 78 | 102 | 132 | ||
| Intangible assets, net (including goodwill) | 2,648 | 2,654 | 739 | 764 | 488 | 502 | 507 | ||
| Goodwill | 1,776 | 1,774 | 593 | 584 | 400 | 403 | 398 | ||
| Intangible assets, net (excluding goodwill) | 872 | 879 | 146 | 179 | 88 | 99 | 109 | ||
| Assets held-in-trust | 49 | 47 | 37 | 33 | 34 | 29 | 23 | ||
| Deferred income tax assets | 2 | 1 | 2 | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 19 | 17 | 12 | 9 | 10 | 11 | 9 | ||
| Other undisclosed noncurrent assets | 84 | 79 | 59 | 51 | 44 | 51 | 57 | ||
| Total noncurrent assets: | 3,034 | 3,039 | 1,092 | 956 | 653 | 693 | 728 | ||
| TOTAL ASSETS: | 4,182 | 4,119 | 2,025 | 1,746 | 1,462 | 1,351 | 1,349 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 273 | 306 | 253 | 178 | 114 | 122 | 151 | ||
| Employee-related liabilities | 119 | 187 | 137 | 107 | 96 | 106 | 96 | ||
| Taxes payable | 15 | 7 | 5 | 14 | 4 | 5 | 8 | ||
| Other undisclosed accounts payable and accrued liabilities | 140 | 112 | 111 | 57 | 14 | 12 | 46 | ||
| Deferred revenue | 112 | 99 | 52 | ✕ | ✕ | ✕ | |||
| Debt | 79 | 81 | 11 | 10 | 0 | 0 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 72 | 74 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 43 | 51 | ✕ | ✕ | ||
| Other liabilities | 43 | 35 | 22 | 13 | 12 | 12 | 12 | ||
| Other undisclosed current liabilities | 204 | 270 | 223 | 121 | 100 | 110 | 104 | ||
| Total current liabilities: | 711 | 789 | 561 | 364 | 277 | 316 | 341 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,635 | 1,551 | 122 | 1 | 165 | ||||
| Long-term debt, excluding current maturities | 1,515 | 1,429 | 18 | 1 | 165 | ||||
| Operating lease, liability | 120 | 122 | 104 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 308 | 298 | 100 | 87 | 72 | 68 | 73 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 28 | 40 | ||
| Deferred revenue | 29 | 36 | 27 | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 32 | 20 | ✕ | ✕ | ||
| Deferred compensation liability, classified | 53 | 47 | 39 | 34 | 33 | 31 | 24 | ||
| Deferred income tax liabilities | 196 | 195 | 25 | ✕ | ✕ | ✕ | |||
| Other liabilities | 30 | 20 | 9 | 20 | 18 | 9 | 9 | ||
| Other undisclosed noncurrent liabilities | 47 | 26 | 20 | 17 | |||||
| Total noncurrent liabilities: | 1,943 | 1,849 | 222 | 133 | 98 | 89 | 255 | ||
| Total liabilities: | 2,653 | 2,639 | 783 | 498 | 376 | 405 | 596 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 985 | 948 | 1,242 | 1,248 | 1,084 | 940 | 749 | ||
| Accumulated other comprehensive loss | (37) | (40) | (43) | (45) | (37) | (28) | (36) | ||
| Retained earnings | 1,022 | 988 | 770 | 795 | 633 | 492 | 324 | ||
| Other undisclosed stockholders' equity attributable to parent | 514 | 498 | 488 | 476 | 462 | ||||
| Stockholders' equity attributable to noncontrolling interest | 0 | 3 | 6 | 4 | |||||
| Other undisclosed stockholders' equity | 543 | 532 | |||||||
| Total stockholders' equity: | 1,528 | 1,480 | 1,242 | 1,248 | 1,086 | 946 | 753 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,182 | 4,119 | 2,025 | 1,746 | 1,462 | 1,351 | 1,349 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,460 | 4,254 | 3,462 | 2,887 | 2,392 | 2,451 | 2,403 | |
| Cost of revenue | (3,491) | (3,308) | (2,751) | (2,216) | (1,798) | (1,839) | (1,841) | |
| Gross profit: | 969 | 947 | 711 | 671 | 594 | 612 | 562 | |
| Operating expenses | (522) | (494) | (387) | (321) | (289) | (286) | (262) | |
| Other undisclosed operating loss | (44) | (44) | (36) | (33) | (10) | (12) | (13) | |
| Operating income: | 402 | 409 | 288 | 317 | 295 | 314 | 287 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (10) | (10) | 1 | 3 | 5 | 3 | 3 | |
| Interest and debt expense | (24) | (15) | (2) | (3) | (1) | (2) | (4) | |
| Income from continuing operations before income taxes: | 369 | 384 | 287 | 317 | 299 | 314 | 286 | |
| Income tax expense | (88) | (92) | (73) | (77) | (78) | (102) | (106) | |
| Net income: | 280 | 291 | 215 | 240 | 221 | 212 | 180 | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | (3) | (2) | ||||
| Net income available to common stockholders, diluted: | 280 | 291 | 215 | 241 | 221 | 209 | 178 | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 280 | 291 | 215 | 240 | 221 | 212 | 180 | |
| Other comprehensive income | 6 | 3 | 0 | |||||
| Other undisclosed comprehensive income (loss) | 3 | (8) | (9) | 9 | (14) | |||
| Comprehensive income: | 286 | 294 | 217 | 232 | 211 | 221 | 166 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | (3) | (2) | ||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (7) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 279 | 294 | 217 | 232 | 211 | 218 | 165 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.