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 investments1821357210637016666
Cash and cash equivalents1821357210634916666
Short-term investments    20  
Restricted cash and investments    71414
Receivables849835786497364399462
Other undisclosed current assets11711075186687979
Total current assets:1,1481,079933789809657621
Noncurrent Assets
Operating lease, right-of-use asset178179177 
Property, plant and equipment54636710078102132
Intangible assets, net (including goodwill)2,6482,654739764488502507
Goodwill1,7761,774593584400403398
Intangible assets, net (excluding goodwill)8728791461798899109
Assets held-in-trust49473733342923
Deferred income tax assets212 
Other noncurrent assets191712910119
Other undisclosed noncurrent assets84795951445157
Total noncurrent assets:3,0343,0391,092956653693728
TOTAL ASSETS:4,1824,1192,0251,7461,4621,3511,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:273306253178114122151
Employee-related liabilities1191871371079610696
Taxes payable157514458
Other undisclosed accounts payable and accrued liabilities14011211157141246
Deferred revenue1129952 
Debt79811110 00
Deferred revenue and credits7274
Contract with customer, liability4351
Other liabilities43352213121212
Other undisclosed current liabilities204270223121100110104
Total current liabilities:711789561364277316341
Noncurrent Liabilities
Long-term debt and lease obligation1,6351,551122  1165
Long-term debt, excluding current maturities1,5151,42918  1165
Operating lease, liability120122104 
Liabilities, other than long-term debt30829810087726873
Deferred revenue and credits2840
Deferred revenue293627 
Contract with customer, liability3220
Deferred compensation liability, classified53473934333124
Deferred income tax liabilities19619525 
Other liabilities30209201899
Other undisclosed noncurrent liabilities   47262017
Total noncurrent liabilities:1,9431,8492221339889255
Total liabilities:2,6532,639783498376405596
Stockholders' equity
Stockholders' equity attributable to parent, including:9859481,2421,2481,084940749
Accumulated other comprehensive loss(37)(40)(43)(45)(37)(28)(36)
Retained earnings1,022988770795633492324
Other undisclosed stockholders' equity attributable to parent  514498488476462
Stockholders' equity attributable to noncontrolling interest   0364
Other undisclosed stockholders' equity543532     
Total stockholders' equity:1,5281,4801,2421,2481,086946753
TOTAL LIABILITIES AND EQUITY:4,1824,1192,0251,7461,4621,3511,349

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
Revenues4,4604,2543,4622,8872,3922,4512,403
Cost of revenue(3,491)(3,308)(2,751)(2,216)(1,798)(1,839)(1,841)
Gross profit:969947711671594612562
Operating expenses(522)(494)(387)(321)(289)(286)(262)
Other undisclosed operating loss(44)(44)(36)(33)(10)(12)(13)
Operating income:402409288317295314287
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(10)(10)13533
Interest and debt expense(24)(15)(2)(3)(1)(2)(4)
Income from continuing operations before income taxes:369384287317299314286
Income tax expense(88)(92)(73)(77)(78)(102)(106)
Net income:280291215240221212180
Net income (loss) attributable to noncontrolling interest   0(0)(3)(2)
Net income available to common stockholders, diluted:280291215241221209178

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:280291215240221212180
Other comprehensive income63    0
Other undisclosed comprehensive income (loss)  3(8)(9)9(14)
Comprehensive income:286294217232211221166
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:279294217232211218165

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.

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