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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments133721063701666675
Cash and cash equivalents133721063491666675
Short-term investments   20   
Restricted cash and investments   7141413
Receivables783786497364399462396
Deferred tax assets   19
Other undisclosed current assets717518668797978
Total current assets:987933789809657621581
Noncurrent Assets
Operating lease, right-of-use asset165177 
Property, plant and equipment636710078102132138
Intangible assets, net (including goodwill)736739764488502507479
Goodwill596593584400403398376
Intangible assets, net (excluding goodwill)1401461798899109102
Assets held-in-trust42373334292319
Deferred costs26      
Deferred income tax assets02 
Other noncurrent assets111291011912
Deferred tax assets, net   (15)
Other undisclosed noncurrent assets36595144515767
Total noncurrent assets:1,0791,092956653693728699
TOTAL ASSETS:2,0662,0251,7461,4621,3511,3491,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:266253178114122151155
Employee-related liabilities931371079610696100
Taxes payable2351445812
Other undisclosed accounts payable and accrued liabilities1501115714124644
Deferred revenue5852 
Debt141110 000
Deferred revenue and credits727478
Contract with customer, liability4351
Other liabilities20221312121212
Other undisclosed current liabilities189223121100110104111
Total current liabilities:547561364277316341356
Noncurrent Liabilities
Long-term debt and lease obligation114122  1165211
Long-term debt, excluding current maturities1818  1165211
Operating lease, liability96104 
Liabilities, other than long-term debt1061008772687397
Deferred revenue and credits284053
Deferred revenue2727 
Contract with customer, liability3220
Deferred compensation liability, classified45393433312421
Deferred tax liabilities, net   15
Deferred income tax liabilities2425 
Other liabilities992018999
Other undisclosed noncurrent liabilities  47262017 
Total noncurrent liabilities:2212221339889255308
Total liabilities:768783498376405596664
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2981,2421,2481,084940749612
Accumulated other comprehensive loss(36)(43)(45)(37)(28)(36)(22)
Retained earnings814770795633492324189
Other undisclosed stockholders' equity attributable to parent520514498488476462446
Stockholders' equity attributable to noncontrolling interest  03643
Total stockholders' equity:1,2981,2421,2481,086946753616
TOTAL LIABILITIES AND EQUITY:2,0662,0251,7461,4621,3511,3491,280

Income statement (P&L) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues3,5893,4622,8872,3922,4512,4032,100
Cost of revenue(2,847)(2,751)(2,216)(1,798)(1,839)(1,841)(1,587)
Gross profit:742711671594612562513
Operating expenses(409)(387)(321)(289)(286)(262)(290)
Other operating expense, net
(Other Expenses)
      (0)
Other undisclosed operating income (loss)(36)(36)(33)(10)(12)(13)38
Operating income:297288317295314287260
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)135331
Interest and debt expense(2)(2)(3)(1)(2)(4)(1)
Income from continuing operations before income taxes:294287317299314286260
Income tax expense(74)(73)(77)(78)(102)(106)(100)
Net income:220215240221212180160
Net income (loss) attributable to noncontrolling interest  0(0)(3)(2)(2)
Net income available to common stockholders, diluted:220215241221209178158

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income:220215240221212180160
Other comprehensive income (loss)     0(0)
Other undisclosed comprehensive income (loss)33(8)(9)9(14)(23)
Comprehensive income:223217232211221166137
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  0(0)(3)(2)(2)
Comprehensive income, net of tax, attributable to parent:223217232211218165135

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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