Maximus, Inc. (MMS) financial statements (2021 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)
Annual | Quarterly

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1501063701666675158
Cash and cash equivalents1501063491666675158
Short-term investments  20    
Restricted cash and investments  7141413 
Receivables512497364399462396263
Deferred tax assets✕✕   1928
Other undisclosed current assets1831866879797883
Total current assets:844789809657621581532
Noncurrent Assets
Operating lease, right-of-use asset201 ✕✕✕✕✕
Property, plant and equipment921007810213213880
Intangible assets, net (including goodwill)758764488502507479210
Goodwill587584400403398376171
Intangible assets, net (excluding goodwill)171179889910910239
Assets held-in-trust35333429231917
Deferred costs22      
Deferred income tax assets0 ✕✕✕✕✕
Other noncurrent assets99101191210
Deferred tax assets, net✕✕   (15)(21)
Other undisclosed noncurrent assets29514451576773
Total noncurrent assets:1,146956653693728699369
TOTAL ASSETS:1,9901,7461,4621,3511,3491,280901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:175178114122151155103
Employee-related liabilities104107961069610094
Taxes payable614458125
Other undisclosed accounts payable and accrued liabilities6557141246444
Deferred revenue43 ✕✕✕✕✕
Debt9310 000 
Deferred revenue and credits✕✕✕72747856
Contract with customer, liability✕4351✕✕✕✕
Other liabilities1313121212127
Other undisclosed current liabilities11012110011010411199
Total current liabilities:433364277316341356265
Noncurrent Liabilities
Long-term debt and lease obligation122  1165211 
Long-term debt, excluding current maturities   1165211 
Operating lease, liability122 ✕✕✕✕✕
Liabilities, other than long-term debt136877268739779
Deferred revenue and credits✕✕✕28405332
Deferred revenue32 ✕✕✕✕✕
Contract with customer, liability✕3220✕✕✕✕
Deferred compensation liability, classified37343331242119
Deferred tax liabilities, net✕✕   1521
Deferred income tax liabilities47 ✕✕✕✕✕
Other liabilities2020189997
Other undisclosed noncurrent liabilities 47262017  
Total noncurrent liabilities:258133988925530879
Total liabilities:691498376405596664345
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2991,2481,084940749612556
Accumulated other comprehensive income (loss)(38)(45)(37)(28)(36)(22)0
Retained earnings833795633492324189126
Other undisclosed stockholders' equity attributable to parent504498488476462446430
Stockholders' equity attributable to noncontrolling interest 036430
Total stockholders' equity:1,2991,2481,086946753616556
TOTAL LIABILITIES AND EQUITY:1,9901,7461,4621,3511,3491,280901

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues3,0402,8872,3922,4512,4032,1001,701
Cost of revenue(2,353)(2,216)(1,798)(1,839)(1,841)(1,587)(1,249)
Gross profit:687671594612562513452
Operating expenses(332)(321)(289)(286)(262)(290)(275)
Other operating income (expense), net
(Other Expenses)		     (0)0
Other undisclosed operating income (loss)(33)(33)(10)(12)(13)3849
Operating income:322317295314287260225
Nonoperating income
(Other Nonoperating income)		235331 
Interest and debt expense(3)(3)(1)(2)(4)(1) 
Other undisclosed income from continuing operations before equity method investments, income taxes      2
Income from continuing operations before income taxes:321317299314286260227
Income tax expense(78)(77)(78)(102)(106)(100)(82)
Net income:244240221212180160145
Net income (loss) attributable to noncontrolling interest00(0)(3)(2)(2)(0)
Other undisclosed net income attributable to parent      0
Net income available to common stockholders, diluted:244241221209178158145

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:244240221212180160145
Other comprehensive income (loss)    0(0) 
Other undisclosed comprehensive income (loss)4(8)(9)9(14)(23)(8)
Comprehensive income:248232211221166137138
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)(3)(2)(2)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income, net of tax, attributable to parent:248232211218165135138

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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