Maximus, Inc(NYSE:MMS) 
Maximus, Inc. provides business process services (BPS) to government health and human services programs worldwide. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, ap...
Website: http://www.maximus.com
Founded: 1975
Full Time Employees: 34,300
Sector: Industrials
Industry: Specialty Business Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
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revenue | 1,305,967,000 | 1,345,046,000 | 1,318,415,000 | 1,348,400,000 | 1,361,786,000 | 1,402,675,000 | 1,315,870,000 | 1,314,929,000 | 1,348,357,000 | 1,327,041,000 | 1,259,953,000 | 1,188,677,000 | 1,206,852,000 | 1,249,246,000 | 1,177,031,000 | 1,125,785,000 | 1,177,326,000 | 1,150,876,000 | 1,106,131,000 | 1,243,520,000 | 959,280,000 | 945,554,000 | 923,836,000 | 901,337,000 | 818,135,000 | 818,229,000 | 754,966,000 | 730,710,000 | 736,520,000 | 664,619,000 | 558,446,000 | 597,855,000 | 612,787,000 | 623,148,000 | 620,903,000 | 600,447,000 | 622,047,000 | 607,564,000 | 623,091,000 | 617,094,000 | 606,453,000 | 556,722,000 | 572,301,000 | 481,794,000 | 467,043,000 | 419,899,000 | 439,015,000 | 406,592,000 | 334,323,000 | 326,351,000 | 286,266,000 | 300,737,000 | 266,353,000 | 243,452,000 | 239,603,000 | 250,107,000 | 238,296,000 | 227,116,000 | 214,114,000 | 214,890,000 | 210,659,000 | 203,844,000 | 202,355,000 |
yoy | -4.10% | -4.11% | 0.19% | 2.55% | 1.00% | 5.70% | 4.44% | 10.62% | 11.73% | 6.23% | 7.05% | 5.59% | 2.51% | 8.55% | 6.41% | -9.47% | 22.73% | 21.71% | 19.73% | 37.96% | 17.25% | 15.56% | 22.37% | 23.35% | 11.08% | 23.11% | 35.19% | 22.22% | 20.19% | 6.66% | -10.06% | -0.43% | -1.49% | 2.56% | -0.35% | -2.70% | 2.57% | 9.13% | 8.87% | 28.08% | 29.85% | 32.58% | 30.36% | 18.50% | 39.70% | 28.66% | 53.36% | 35.20% | 25.52% | 34.05% | 19.48% | 20.24% | 11.77% | 7.19% | 11.90% | 16.39% | 13.12% | 11.42% | 5.81% | ||||
qoq | -2.91% | 2.02% | -2.22% | -0.98% | -2.92% | 6.60% | 0.07% | -2.48% | 1.61% | 5.32% | 6.00% | -1.51% | -3.39% | 6.14% | 4.55% | -4.38% | 2.30% | 4.05% | -11.05% | 29.63% | 1.45% | 2.35% | 2.50% | 10.17% | -0.01% | 8.38% | 3.32% | -0.79% | 10.82% | 19.01% | -6.59% | -2.44% | -1.66% | 0.36% | 3.41% | -3.47% | 2.38% | -2.49% | 0.97% | 1.75% | 8.93% | -2.72% | 18.79% | 3.16% | 11.23% | -4.35% | 7.97% | 21.62% | 2.44% | 14.00% | -4.81% | 12.91% | 9.41% | 1.61% | -4.20% | 4.96% | 4.92% | 6.07% | -0.36% | 2.01% | 3.34% | 0.74% | |
cost of revenue | 963,703,000 | 1,026,376,000 | 984,863,000 | 988,887,000 | 1,022,965,000 | 1,101,118,000 | 1,014,175,000 | 982,615,000 | 1,030,768,000 | 1,026,987,000 | 969,059,000 | 924,313,000 | 978,249,000 | 1,004,499,000 | 904,048,000 | 915,564,000 | 948,875,000 | 922,721,000 | 887,725,000 | 951,664,000 | 728,622,000 | 739,499,000 | 726,985,000 | 715,734,000 | 665,037,000 | 642,779,000 | 586,716,000 | 556,463,000 | 567,098,000 | 505,354,000 | 419,508,000 | 443,171,000 | 463,984,000 | 471,188,000 | 458,322,000 | 448,258,000 | 469,730,000 | 462,746,000 | 470,161,000 | 465,715,000 | 458,786,000 | 446,507,000 | 428,503,000 | 357,449,000 | 347,776,000 | 307,296,000 | 318,343,000 | 300,676,000 | 239,763,000 | 228,907,000 | 209,736,000 | 216,108,000 | 187,652,000 | 178,686,000 | 179,756,000 | 181,880,000 | 171,897,000 | 164,050,000 | 158,155,000 | 154,304,000 | 153,359,000 | 153,013,000 | 150,240,000 |
gross profit | 342,264,000 | 318,670,000 | 333,552,000 | 359,513,000 | 338,821,000 | 301,557,000 | 301,695,000 | 332,314,000 | 317,589,000 | 300,054,000 | 290,894,000 | 264,364,000 | 228,603,000 | 244,747,000 | 272,983,000 | 210,221,000 | 228,451,000 | 228,155,000 | 218,406,000 | 291,856,000 | 230,658,000 | 206,055,000 | 196,851,000 | 185,603,000 | 153,098,000 | 175,450,000 | 168,250,000 | 174,247,000 | 169,422,000 | 159,265,000 | 138,938,000 | 154,684,000 | 148,803,000 | 151,960,000 | 162,581,000 | 152,189,000 | 152,317,000 | 144,818,000 | 152,930,000 | 151,379,000 | 147,667,000 | 110,215,000 | 143,798,000 | 124,345,000 | 119,267,000 | 112,603,000 | 120,672,000 | 105,916,000 | 94,560,000 | 97,444,000 | 76,530,000 | 84,629,000 | 78,701,000 | 64,766,000 | 59,847,000 | 68,227,000 | 66,399,000 | 63,066,000 | 55,959,000 | 60,586,000 | 57,300,000 | 50,831,000 | 52,115,000 |
yoy | 1.02% | 5.67% | 10.56% | 8.18% | 6.69% | 0.50% | 3.71% | 25.70% | 38.93% | 22.60% | 6.56% | 25.76% | 0.07% | 7.27% | 24.99% | -27.97% | -0.96% | 10.73% | 10.95% | 57.25% | 50.66% | 17.44% | 17.00% | 6.52% | -9.64% | 10.16% | 21.10% | 12.65% | 13.86% | 4.81% | -14.54% | 1.64% | -2.31% | 4.93% | 6.31% | 0.54% | 3.15% | 31.40% | 6.35% | 21.74% | 23.81% | -2.12% | 19.16% | 17.40% | 26.13% | 15.56% | 57.68% | 25.15% | 20.15% | 50.46% | 27.88% | 24.04% | 18.53% | 2.70% | 6.95% | 12.61% | 15.88% | 24.07% | 7.38% | ||||
qoq | 7.40% | -4.46% | -7.22% | 6.11% | 12.36% | -0.05% | -9.21% | 4.64% | 5.84% | 3.15% | 10.04% | 15.64% | -6.60% | -10.34% | 29.86% | -7.98% | 0.13% | 4.46% | -25.17% | 26.53% | 11.94% | 4.68% | 6.06% | 21.23% | -12.74% | 4.28% | -3.44% | 2.85% | 6.38% | 14.63% | -10.18% | 3.95% | -2.08% | -6.53% | 6.83% | -0.08% | 5.18% | -5.30% | 1.02% | 2.51% | 33.98% | -23.35% | 15.64% | 4.26% | 5.92% | -6.69% | 13.93% | 12.01% | -2.96% | 27.33% | -9.57% | 7.53% | 21.52% | 8.22% | -12.28% | 2.75% | 5.28% | 12.70% | -7.64% | 5.73% | 12.73% | -2.46% | |
gross margin % | 26.21% | 23.69% | 25.30% | 26.66% | 24.88% | 21.50% | 22.93% | 25.27% | 23.55% | 22.61% | 23.09% | 22.24% | 18.94% | 19.59% | 23.19% | 18.67% | 19.40% | 19.82% | 19.75% | 23.47% | 24.04% | 21.79% | 21.31% | 20.59% | 18.71% | 21.44% | 22.29% | 23.85% | 23.00% | 23.96% | 24.88% | 25.87% | 24.28% | 24.39% | 26.18% | 25.35% | 24.49% | 23.84% | 24.54% | 24.53% | 24.35% | 19.80% | 25.13% | 25.81% | 25.54% | 26.82% | 27.49% | 26.05% | 28.28% | 29.86% | 26.73% | 28.14% | 29.55% | 26.60% | 24.98% | 27.28% | 27.86% | 27.77% | 26.14% | 28.19% | 27.20% | 24.94% | 25.75% |
selling, general, and administrative expenses | 173,479,000 | 152,160,000 | 187,684,000 | 170,831,000 | 162,857,000 | 191,735,000 | 166,901,000 | 167,033,000 | 168,454,000 | 169,195,000 | 167,778,000 | 182,545,000 | 142,448,000 | 146,452,000 | 146,991,000 | 132,974,000 | 130,307,000 | 124,221,000 | 129,590,000 | 140,129,000 | 112,402,000 | 111,967,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 20,298,000 | 20,300,000 | 23,006,000 | 23,010,000 | 22,996,000 | 23,035,000 | 23,038,000 | 23,542,000 | 21,641,000 | 23,349,000 | 23,992,000 | 23,431,000 | 23,650,000 | 23,518,000 | 22,514,000 | 22,690,000 | 22,856,000 | 22,405,000 | 20,639,000 | 12,132,000 | 5,070,000 | 6,516,000 | 8,900,000 | 8,712,000 | 8,934,000 | 9,088,000 | 9,028,000 | 9,049,000 | 9,519,000 | 5,458,000 | 2,462,000 | 2,525,000 | 2,603,000 | 2,718,000 | 2,700,000 | 2,720,000 | 3,386,000 | 3,402,000 | 3,449,000 | 3,517,000 | 3,262,000 | 3,149,000 | 3,275,000 | 1,432,000 | |||||||||||||||||||
operating income | 148,487,000 | 146,210,000 | 122,862,000 | 165,672,000 | 152,968,000 | 86,787,000 | 111,756,000 | 141,739,000 | 127,494,000 | 107,510,000 | 99,124,000 | 58,388,000 | 62,505,000 | 74,777,000 | 114,524,000 | 54,557,000 | 75,288,000 | 81,529,000 | 68,177,000 | 139,595,000 | 113,186,000 | 87,572,000 | 84,523,000 | 87,309,000 | 37,311,000 | 79,135,000 | 77,576,000 | 83,594,000 | 81,801,000 | 74,136,000 | 61,908,000 | 82,571,000 | 71,321,000 | 79,683,000 | 77,590,000 | 81,811,000 | 80,335,000 | 73,776,000 | 81,308,000 | 84,609,000 | 77,900,000 | 42,786,000 | 71,067,000 | 62,007,000 | 65,231,000 | ||||||||||||||||||
yoy | -2.93% | 68.47% | 9.94% | 16.89% | 19.98% | -19.28% | 12.74% | 142.75% | 103.97% | 43.77% | -13.45% | 7.02% | -16.98% | -8.28% | 67.98% | -60.92% | -33.48% | -6.90% | -19.34% | 59.89% | 203.36% | 10.66% | 8.96% | 4.44% | -54.39% | 6.74% | 25.31% | 1.24% | 14.69% | -6.96% | -20.21% | 0.93% | -11.22% | 8.01% | -4.57% | -3.31% | 3.13% | 72.43% | 14.41% | 36.45% | 19.42% | ||||||||||||||||||||||
qoq | 1.56% | 19.00% | -25.84% | 8.31% | 76.26% | -22.34% | -21.15% | 11.17% | 18.59% | 8.46% | 69.77% | -6.59% | -16.41% | -34.71% | 109.92% | -27.54% | -7.65% | 19.58% | -51.16% | 23.33% | 29.25% | 3.61% | -3.19% | 134.00% | -52.85% | 2.01% | -7.20% | 2.19% | 10.34% | 19.75% | -25.02% | 15.77% | -10.49% | 2.70% | -5.16% | 1.84% | 8.89% | -9.26% | -3.90% | 8.61% | 82.07% | -39.79% | 14.61% | -4.94% | |||||||||||||||||||
operating margin % | 11.37% | 10.87% | 9.32% | 12.29% | 11.23% | 6.19% | 8.49% | 10.78% | 9.46% | 8.10% | 7.87% | 4.91% | 5.18% | 5.99% | 9.73% | 4.85% | 6.39% | 7.08% | 6.16% | 11.23% | 11.80% | 9.26% | 9.15% | 9.69% | 4.56% | 9.67% | 10.28% | 11.44% | 11.11% | 11.15% | 11.09% | 13.81% | 11.64% | 12.79% | 12.50% | 13.63% | 12.91% | 12.14% | 13.05% | 13.71% | 12.85% | 7.69% | 12.42% | 12.87% | 13.97% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
interest expense | 22,111,000 | 20,816,000 | 22,432,000 | 22,657,000 | 21,469,000 | 17,522,000 | 20,012,000 | 20,555,000 | 20,366,000 | 21,507,000 | 20,507,000 | 21,026,000 | 20,999,000 | 21,606,000 | 75,832,000 | -10,791,000 | -9,438,000 | -9,638,000 | -18,793,000 | 3,087,000 | 756,000 | 206,000 | 494,000 | 616,000 | 465,000 | 484,000 | 343,000 | 420,000 | 1,569,000 | 625,000 | 590,000 | 85,000 | 157,000 | 168,000 | 111,000 | 458,000 | 744,000 | 849,000 | 843,000 | 1,029,000 | 1,273,000 | 989,000 | |||||||||||||||||||||
other expense | -158,000 | -873,000 | -37,000 | 48,000 | 312,000 | -925,000 | 809,000 | -822,000 | 488,000 | 442,000 | 1,005,000 | 4,928,000 | -2,497,000 | -311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 126,534,000 | 126,267,000 | 100,467,000 | 142,967,000 | 132,462,000 | 68,953,000 | 92,669,000 | 120,375,000 | 107,950,000 | 85,515,000 | 78,175,000 | 36,357,000 | 42,324,000 | 53,437,000 | 97,684,000 | 41,269,000 | 66,565,000 | 71,580,000 | 56,961,000 | 128,219,000 | 111,910,000 | 86,591,000 | 84,251,000 | 86,022,000 | 37,419,000 | 79,370,000 | 77,355,000 | 83,730,000 | 80,679,000 | 75,556,000 | 62,116,000 | 84,735,000 | 72,556,000 | 79,802,000 | 78,378,000 | 82,659,000 | 80,008,000 | 73,190,000 | 80,562,000 | 83,642,000 | 78,836,000 | 42,928,000 | 70,386,000 | 62,226,000 | 66,132,000 | ||||||||||||||||||
provision for income taxes | 28,471,000 | 32,324,000 | 25,179,000 | 36,986,000 | 35,893,000 | 27,757,000 | 20,165,000 | 30,623,000 | 27,440,000 | 21,367,000 | 19,029,000 | 5,494,000 | 10,536,000 | 13,442,000 | 28,617,000 | 9,934,000 | 16,469,000 | 18,250,000 | 4,947,000 | 33,724,000 | 31,296,000 | 22,514,000 | 20,590,000 | 21,558,000 | 9,769,000 | 20,636,000 | 17,314,000 | 20,765,000 | 18,913,000 | 19,833,000 | 16,600,000 | 24,493,000 | 17,450,000 | 19,850,000 | 23,410,000 | 24,871,000 | 26,911,000 | 26,861,000 | 29,375,000 | 30,892,000 | 29,495,000 | 16,046,000 | 28,127,000 | 23,198,000 | 23,782,000 | 21,226,000 | 23,964,000 | 20,234,000 | 17,052,000 | 19,658,000 | 13,341,000 | 17,303,000 | 13,987,000 | 14,011,000 | 10,351,000 | 10,403,000 | 11,780,000 | 11,375,000 | 10,196,000 | 9,376,000 | 9,813,000 | 10,160,000 | 9,576,000 |
net income | 98,063,000 | 93,943,000 | 75,288,000 | 105,981,000 | 96,569,000 | 41,196,000 | 72,504,000 | 89,752,000 | 80,510,000 | 64,148,000 | 59,146,000 | 30,863,000 | 31,788,000 | 39,995,000 | 69,067,000 | 31,335,000 | 50,096,000 | 53,330,000 | 52,014,000 | 94,495,000 | 80,614,000 | 64,077,000 | 63,661,000 | 64,464,000 | 27,650,000 | 58,734,000 | 60,041,000 | 62,965,000 | 61,766,000 | 55,723,000 | 45,516,000 | 60,242,000 | 55,106,000 | 59,952,000 | 54,968,000 | 57,788,000 | 53,097,000 | 46,329,000 | 51,187,000 | 52,750,000 | 49,341,000 | 26,882,000 | 42,259,000 | 39,028,000 | 42,350,000 | 34,138,000 | 41,207,000 | 33,859,000 | 28,100,000 | 31,689,000 | 21,316,000 | 23,671,000 | 20,485,000 | 14,273,000 | 17,704,000 | 25,575,000 | 19,892,000 | 18,219,000 | 17,482,000 | 21,712,000 | 17,325,000 | 18,743,000 | 12,628,000 |
yoy | 1.55% | 128.04% | 3.84% | 18.08% | 19.95% | -35.78% | 22.58% | 190.81% | 153.27% | 60.39% | -14.36% | -1.51% | -36.55% | -25.00% | 32.79% | -66.84% | -37.86% | -16.77% | -18.30% | 46.59% | 191.55% | 9.10% | 6.03% | 2.38% | -55.23% | 5.40% | 31.91% | 4.52% | 12.09% | -7.05% | -17.20% | 4.25% | 3.78% | 29.40% | 7.39% | 9.55% | 7.61% | 72.34% | 21.13% | 35.16% | 16.51% | -21.25% | 2.55% | 15.27% | 50.71% | 7.73% | 93.31% | 43.04% | 37.17% | 122.02% | 20.40% | -7.44% | 2.98% | -21.66% | 1.27% | 17.79% | 14.82% | -2.80% | 38.44% | ||||
qoq | 4.39% | 24.78% | -28.96% | 9.75% | 134.41% | -43.18% | -19.22% | 11.48% | 25.51% | 8.46% | 91.64% | -2.91% | -20.52% | -42.09% | 120.41% | -37.45% | -6.06% | 2.53% | -44.96% | 17.22% | 25.81% | 0.65% | -1.25% | 133.14% | -52.92% | -2.18% | -4.64% | 1.94% | 10.84% | 22.43% | -24.44% | 9.32% | -8.08% | 9.07% | -4.88% | 8.83% | 14.61% | -9.49% | -2.96% | 6.91% | 83.55% | -36.39% | 8.28% | -7.84% | 24.06% | -17.15% | 21.70% | 20.49% | -11.33% | 48.66% | -9.95% | 15.55% | 43.52% | -19.38% | -30.78% | 28.57% | 9.18% | 4.22% | -19.48% | 25.32% | -7.57% | 48.42% | |
net income margin % | 7.51% | 6.98% | 5.71% | 7.86% | 7.09% | 2.94% | 5.51% | 6.83% | 5.97% | 4.83% | 4.69% | 2.60% | 2.63% | 3.20% | 5.87% | 2.78% | 4.26% | 4.63% | 4.70% | 7.60% | 8.40% | 6.78% | 6.89% | 7.15% | 3.38% | 7.18% | 7.95% | 8.62% | 8.39% | 8.38% | 8.15% | 10.08% | 8.99% | 9.62% | 8.85% | 9.62% | 8.54% | 7.63% | 8.22% | 8.55% | 8.14% | 4.83% | 7.38% | 8.10% | 9.07% | 8.13% | 9.39% | 8.33% | 8.41% | 9.71% | 7.45% | 7.87% | 7.69% | 5.86% | 7.39% | 10.23% | 8.35% | 8.02% | 8.16% | 10.10% | 8.22% | 9.19% | 6.24% |
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.81 | 1.71 | 1.34 | 1.87 | 1.7 | 0.69 | 1.2 | 1.47 | 1.31 | 1.05 | 0.97 | 0.5 | 0.52 | 0.65 | 1.13 | 0.51 | 0.81 | 0.86 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | 1.8 | 1.7 | 1.31 | 1.86 | 1.69 | 0.69 | 1.18 | 1.46 | 1.31 | 1.04 | 0.96 | 0.5 | 0.52 | 0.65 | 1.12 | 0.51 | 0.8 | 0.85 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 54,242 | 54,842 | 57,413 | 56,683 | 56,892 | 59,733 | 61,049 | 61,079 | 61,371 | 61,322 | 61,125 | 61,141 | 61,120 | 61,117 | 61,774 | 61,607 | 62,227 | 62,262 | 62,072 | 62,064 | 62,026 | 62,038 | 63,062 | 61,882 | 63,934 | 64,597 | 64,498 | 64,405 | 64,369 | 64,827 | 65,501 | 65,630 | 65,856 | 65,866 | 65,632 | 65,571 | 65,549 | 65,770 | 65,822 | 65,766 | 65,760 | 65,954 | 65,901 | 65,862 | 65,935 | 67,659 | 67,884 | 68,397 | 68,162 | 34,089 | 34,081 | 33,867 | 33,973 | 33,788 | 33,663 | 34,417 | 34,708 | 17,211 | 17,180 | 17,423 | 17,408 | 17,595 | |
diluted | 54,585 | 55,299 | 57,921 | 56,984 | 57,057 | 60,002 | 61,484 | 61,381 | 61,622 | 61,535 | 61,450 | 61,544 | 61,383 | 61,196 | 61,969 | 61,756 | 62,381 | 62,445 | 62,365 | 62,453 | 62,294 | 62,135 | 63,322 | 62,102 | 64,125 | 64,758 | 64,820 | 64,759 | 64,643 | 64,977 | 65,932 | 65,925 | 66,268 | 66,177 | 66,065 | 66,082 | 65,947 | 66,020 | 66,229 | 66,194 | 66,079 | 66,288 | 67,098 | 66,987 | 66,898 | 69,031 | 69,307 | 69,762 | 69,867 | 34,954 | 34,876 | 34,806 | 34,868 | 34,728 | 34,557 | 35,531 | 35,803 | 17,787 | 17,710 | 18,004 | 17,980 | 18,039 | |
dividends declared per share | 0.33 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.068 | 0.09 | 0.075 | 0.165 | |||||||||||||||||||||||||||||||||||||||
other income | 963,000 | 818,000 | 266,000 | 715,000 | -521,000 | -8,289,000 | -520,000 | -775,000 | 222,000 | -671,000 | 573,000 | 719,000 | 122,000 | 556,000 | 447,000 | 2,045,000 | 798,000 | 2,249,000 | 1,392,000 | 287,000 | 899,000 | 1,306,000 | 417,000 | 263,000 | 97,000 | 62,000 | 2,209,000 | 1,131,000 | |||||||||||||||||||||||||||||||||||
basic earnings per share | 0.965 | 1.52 | 1.3 | 1.03 | 1.02 | 1.04 | 0.43 | 0.91 | 0.5 | 0.61 | 0.5 | 0.41 | 0.93 | 0.63 | 0.7 | 0.6 | 0.42 | 0.53 | 0.75 | 0.57 | 1.06 | 1.02 | 1.25 | 0.99 | 1.08 | 0.72 | |||||||||||||||||||||||||||||||||||||
diluted earnings per share | 0.96 | 1.51 | 1.29 | 1.03 | 1.02 | 1.04 | 0.43 | 0.91 | 0.49 | 0.59 | 0.49 | 0.4 | 0.91 | 0.61 | 0.68 | 0.59 | 0.41 | 0.51 | 0.72 | 0.56 | 1.02 | 0.99 | 1.22 | 0.96 | 1.04 | 0.7 | |||||||||||||||||||||||||||||||||||||
dividends paid per share | 0.28 | 0.28 | 0.21 | 0.28 | 0.28 | 0.28 | 0.188 | 0.25 | 0.25 | 0.25 | 0.034 | 0.045 | 0.045 | 0.045 | 0.034 | 0.045 | 0.045 | 0.045 | 0.034 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.09 | 0.09 | 0.068 | 0.09 | 0.09 | 0.09 | 0.053 | 0.075 | 0.15 | 0.12 | 0.09 | 0.12 | 0.12 | 0.12 | ||||||||||||||||||||
selling, general and administrative expenses | 103,428,000 | 89,582,000 | 106,853,000 | 87,227,000 | 81,646,000 | 81,604,000 | 78,102,000 | 79,671,000 | 73,535,000 | 69,588,000 | 72,559,000 | 69,559,000 | 82,208,000 | 68,308,000 | 68,596,000 | 65,398,000 | 68,343,000 | 69,706,000 | 65,976,000 | 64,234,000 | 66,997,000 | 59,392,000 | 54,036,000 | 57,345,000 | 55,129,000 | 52,603,000 | 49,181,000 | 46,693,000 | 42,222,000 | 42,810,000 | 43,877,000 | 37,959,000 | 32,756,000 | 34,560,000 | 35,259,000 | 33,572,000 | 28,667,000 | 31,249,000 | 31,574,000 | 28,629,000 | 27,324,000 | ||||||||||||||||||||||
income attributable to noncontrolling interests | -48,000 | 67,000 | -158,000 | -190,000 | -791,000 | 381,000 | -386,000 | 861,000 | 1,639,000 | 870,000 | 582,000 | -335,000 | 444,000 | 525,000 | 556,000 | 273,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to maximus | 63,661,000 | 64,464,000 | 27,650,000 | 58,734,000 | 60,089,000 | 62,898,000 | 61,924,000 | 55,913,000 | 46,307,000 | 59,861,000 | 55,492,000 | 59,091,000 | 53,329,000 | 56,918,000 | 52,515,000 | 46,664,000 | 50,743,000 | 52,225,000 | 48,785,000 | 26,609,000 | 41,666,000 | 38,808,000 | 41,861,000 | ||||||||||||||||||||||||||||||||||||||||
loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share attributable to maximus | 0.93 | 0.98 | 0.96 | 0.86 | 0.72 | 0.91 | 0.84 | 0.9 | 0.81 | 0.87 | 0.8 | 0.71 | 0.77 | 0.79 | 0.74 | 0.4 | 0.63 | 0.59 | |||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share attributable to maximus | 0.93 | 0.97 | 0.96 | 0.86 | 0.71 | 0.91 | 0.84 | 0.89 | 0.81 | 0.86 | 0.8 | 0.71 | 0.76 | 0.79 | 0.74 | 0.4 | 0.62 | 0.58 | |||||||||||||||||||||||||||||||||||||||||||||
restructuring costs | 1,033,000 | 2,320,000 | 2,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of a business | 650,000 | 427,000 | 6,453,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related expenses | 257,000 | 529,000 | 46,000 | 2,459,000 | 1,514,000 | 1,174,000 | 16,000 | 148,000 | 766,000 | 1,877,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and settlement expenses | 600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 219,000 | 901,000 | 9,000 | 183,000 | 721,000 | 701,000 | 637,000 | 1,106,000 | 1,084,000 | 1,164,000 | 824,000 | 1,104,000 | 1,124,000 | 961,000 | 919,000 | 491,000 | 187,000 | 442,000 | 186,000 | 99,000 | |||||||||||||||||||||||||||||||||||||||||||
basic earnings per share attributable to maximus: | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share attributable to maximus: | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 54,242 | 54,842 | 57,413 | 56,683 | 56,892 | 59,733 | 61,049 | 61,079 | 61,371 | 61,322 | 61,125 | 61,141 | 61,120 | 61,117 | 61,774 | 61,607 | 62,227 | 62,262 | 62,072 | 62,064 | 62,026 | 62,038 | 63,062 | 61,882 | 63,934 | 64,597 | 64,498 | 64,405 | 64,369 | 64,827 | 65,501 | 65,630 | 65,856 | 65,866 | 65,632 | 65,571 | 65,549 | 65,770 | 65,822 | 65,766 | 65,760 | 65,954 | 65,901 | 65,862 | 65,935 | 67,659 | 67,884 | 68,397 | 68,162 | 34,089 | 34,081 | 33,867 | 33,973 | 33,788 | 33,663 | 34,417 | 34,708 | 17,211 | 17,180 | 17,423 | 17,408 | 17,595 | |
diluted | 54,585 | 55,299 | 57,921 | 56,984 | 57,057 | 60,002 | 61,484 | 61,381 | 61,622 | 61,535 | 61,450 | 61,544 | 61,383 | 61,196 | 61,969 | 61,756 | 62,381 | 62,445 | 62,365 | 62,453 | 62,294 | 62,135 | 63,322 | 62,102 | 64,125 | 64,758 | 64,820 | 64,759 | 64,643 | 64,977 | 65,932 | 65,925 | 66,268 | 66,177 | 66,065 | 66,082 | 65,947 | 66,020 | 66,229 | 66,194 | 66,079 | 66,288 | 67,098 | 66,987 | 66,898 | 69,031 | 69,307 | 69,762 | 69,867 | 34,954 | 34,876 | 34,806 | 34,868 | 34,728 | 34,557 | 35,531 | 35,803 | 17,787 | 17,710 | 18,004 | 17,980 | 18,039 | |
legal and settlement expenses/(recoveries) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income from continuing operations | 55,258,000 | 64,943,000 | 53,313,000 | 44,387,000 | 50,735,000 | 34,018,000 | 39,973,000 | 33,299,000 | 27,398,000 | 26,905,000 | 34,836,000 | 30,779,000 | 29,494,000 | 27,292,000 | 29,337,000 | 25,726,000 | 28,239,000 | 24,105,000 | |||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 55,267,000 | 65,126,000 | 54,034,000 | 45,088,000 | 51,372,000 | 35,124,000 | 41,057,000 | 34,463,000 | 28,222,000 | 28,009,000 | 35,960,000 | 31,740,000 | 30,413,000 | 27,783,000 | 29,524,000 | 26,168,000 | 28,425,000 | 24,204,000 | |||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 34,041,000 | 41,162,000 | 33,800,000 | 28,036,000 | 31,714,000 | 21,783,000 | 23,754,000 | 20,476,000 | 14,211,000 | 17,658,000 | 25,557,000 | 19,960,000 | 19,038,000 | 17,587,000 | 20,148,000 | 16,355,000 | 18,265,000 | 14,628,000 | |||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of income taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal | 118,000 | 23,000 | 69,000 | 67,000 | 66,000 | 36,000 | -83,000 | 9,000 | 62,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 97,000 | 22,000 | 59,000 | 64,000 | 46,000 | 970,000 | 478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and settlement expense | 142,000 | 186,000 | 686,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and settlement expense (recoveries) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and settlement recovery | 591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income on disposal | 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and settlement expense (recovery) | 90,250 | 361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 157,452,000 | 137,594,000 | 222,351,000 | 59,777,000 | 108,059,000 | 72,653,000 | 183,123,000 | 102,794,000 | 77,370,000 | 104,186,000 | 65,405,000 | 35,007,000 | 56,344,000 | 63,050,000 | 40,658,000 | 93,748,000 | 92,638,000 | 181,790,000 | 135,061,000 | 96,110,000 | 101,683,000 | 132,597,000 | 71,737,000 | 81,548,000 | 126,257,000 | 149,515,000 | 105,565,000 | 71,084,000 | 46,799,000 | 54,736,000 | 349,245,000 | 229,021,000 | 253,227,000 | 196,905,000 | 166,252,000 | 104,378,000 | 94,862,000 | 69,767,000 | 66,199,000 | 50,609,000 | 60,783,000 | 50,958,000 | 81,877,000 | 114,535,000 | 149,196,000 | 182,942,000 | 131,323,000 | 120,584,000 | 187,911,000 | 187,343,000 | 167,138,000 | 189,312,000 | 168,900,000 | 229,537,000 | 191,048,000 | 172,950,000 | 204,016,000 | 183,155,000 | 177,004,000 | 155,321,000 | 153,059,000 | 121,362,000 | 87,815,000 | 87,815,000 |
accounts receivable | 1,114,960,000 | 1,147,740,000 | 898,095,000 | 1,422,350,000 | 1,097,404,000 | 962,650,000 | 879,514,000 | 850,462,000 | 916,004,000 | 860,409,000 | 826,873,000 | 798,509,000 | 742,387,000 | 1,014,046,000 | 807,110,000 | 868,010,000 | 885,685,000 | 849,410,000 | 834,819,000 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | 64,792,000 | 5,305,000 | 3,904,000 | 5,661,000 | 3,491,000 | 1,384,000 | 5,282,000 | 9,464,000 | 14,167,000 | 15,850,000 | 16,556,000 | 34,435,000 | 12,156,000 | 4,486,000 | 2,158,000 | 15,608,000 | 14,757,000 | 2,826,000 | 5,413,000 | 454,000 | 1,685,000 | 2,472,000 | 2,075,000 | 8,284,000 | 33,852,000 | 6,049,000 | 20,805,000 | 693,000 | 20,733,000 | 7,066,000 | 5,979,000 | 5,480,000 | 1,677,000 | 2,086,000 | 4,528,000 | 11,569,000 | 524,000 | 1,759,000 | 17,273,000 | 5,072,000 | 21,124,000 | 19,127,000 | 14,919,000 | 8,559,000 | 5,478,000 | 7,501,000 | 7,501,000 | |||||||||||||||||
prepaid expenses and other current assets | 171,644,000 | 132,569,000 | 128,574,000 | 117,243,000 | 119,313,000 | 128,691,000 | 132,625,000 | 115,571,000 | 110,912,000 | 129,174,000 | 146,632,000 | 128,085,000 | 141,017,000 | 174,505,000 | 182,387,000 | 94,218,000 | 97,420,000 | 114,303,000 | 104,201,000 | 81,479,000 | 68,357,000 | 68,935,000 | 72,543,000 | 59,942,000 | 53,257,000 | 53,254,000 | 62,481,000 | 47,617,000 | 49,668,000 | 49,915,000 | 43,995,000 | 49,703,000 | 47,918,000 | 49,919,000 | 55,649,000 | 52,902,000 | 50,442,000 | 51,126,000 | 56,718,000 | 50,073,000 | 49,351,000 | 49,201,000 | 64,336,000 | 54,530,000 | 52,877,000 | 36,159,000 | 31,966,000 | 31,775,000 | 36,466,000 | 36,690,000 | 38,171,000 | 38,528,000 | 39,266,000 | 29,406,000 | 26,605,000 | 27,202,000 | 24,223,000 | 24,386,000 | 24,682,000 | 25,702,000 | 21,757,000 | 20,341,000 | 19,749,000 | 19,749,000 |
total current assets | 1,508,848,000 | 1,423,208,000 | 1,252,924,000 | 1,605,031,000 | 1,328,267,000 | 1,165,378,000 | 1,200,544,000 | 1,078,291,000 | 1,118,453,000 | 1,109,619,000 | 1,055,466,000 | 996,036,000 | 951,904,000 | 1,256,087,000 | 1,032,313,000 | 1,071,584,000 | 1,090,500,000 | 1,148,329,000 | 1,079,494,000 | 1,307,362,000 | 932,137,000 | 986,827,000 | 932,558,000 | 979,512,000 | 863,453,000 | 843,908,000 | 789,425,000 | 739,378,000 | 740,010,000 | 723,024,000 | 808,632,000 | 739,276,000 | 759,032,000 | 718,849,000 | 657,242,000 | 589,539,000 | 617,961,000 | 587,455,000 | 620,980,000 | 563,217,000 | 600,263,000 | 558,117,000 | 583,087,000 | 570,009,000 | 523,470,000 | 554,400,000 | 535,452,000 | 482,859,000 | 502,880,000 | 493,562,000 | 454,231,000 | 448,684,000 | 417,450,000 | 441,582,000 | 411,756,000 | 391,276,000 | 411,905,000 | 396,845,000 | 363,442,000 | 356,149,000 | 338,163,000 | 316,128,000 | 292,111,000 | 292,111,000 |
property and equipment | 27,178,000 | 28,108,000 | 30,972,000 | 34,536,000 | 34,883,000 | 37,905,000 | 38,977,000 | 35,020,000 | 35,371,000 | 34,976,000 | 38,831,000 | 44,808,000 | 46,915,000 | 50,181,000 | 52,258,000 | 55,908,000 | 57,945,000 | 53,627,000 | 62,627,000 | 67,794,000 | 62,087,000 | 62,548,000 | 66,721,000 | 73,319,000 | 80,843,000 | 92,377,000 | 99,589,000 | 84,694,000 | 76,693,000 | 81,352,000 | 77,544,000 | 84,944,000 | 90,741,000 | 95,931,000 | 101,651,000 | 106,622,000 | 112,882,000 | 121,799,000 | 131,569,000 | 136,295,000 | 137,493,000 | 138,131,000 | 118,169,000 | 103,234,000 | 83,355,000 | 71,961,000 | 70,982,000 | 73,333,000 | 63,371,000 | 58,845,000 | 58,284,000 | 58,798,000 | 57,227,000 | 50,722,000 | 50,235,000 | 51,740,000 | 50,426,000 | 49,359,000 | 48,505,000 | 48,873,000 | 46,821,000 | 46,809,000 | 45,286,000 | 45,286,000 |
capitalized software | 202,583,000 | 210,503,000 | 214,260,000 | 217,433,000 | 210,980,000 | 200,070,000 | 187,677,000 | 169,449,000 | 141,943,000 | 125,383,000 | 107,811,000 | 88,007,000 | 71,393,000 | 64,963,000 | 58,740,000 | 48,478,000 | 42,877,000 | 40,349,000 | 42,868,000 | 45,739,000 | 45,351,000 | 40,434,000 | 38,033,000 | 35,447,000 | 33,746,000 | 32,936,000 | 32,369,000 | 30,761,000 | 25,232,000 | 22,773,000 | 22,429,000 | 22,379,000 | 22,601,000 | 24,629,000 | 26,748,000 | 27,370,000 | 27,564,000 | 28,172,000 | 30,139,000 | 30,983,000 | 31,033,000 | 30,740,000 | 34,787,000 | 35,311,000 | 37,665,000 | 41,482,000 | 41,542,000 | 40,991,000 | 36,106,000 | 32,374,000 | 29,304,000 | 27,390,000 | 26,140,000 | 26,697,000 | 26,444,000 | 26,616,000 | 27,589,000 | 38,418,000 | 38,537,000 | 24,715,000 | 32,830,000 | 31,496,000 | 26,475,000 | 26,475,000 |
operating lease right-of-use assets | 84,097,000 | 93,724,000 | 100,514,000 | 115,437,000 | 118,302,000 | 118,749,000 | 133,594,000 | 138,817,000 | 148,413,000 | 154,929,000 | 163,929,000 | 160,563,000 | 162,633,000 | 162,289,000 | 132,885,000 | 143,545,000 | 160,183,000 | 177,866,000 | 179,349,000 | 186,944,000 | 176,826,000 | 165,448,000 | 177,159,000 | 171,041,000 | 179,701,000 | 200,690,000 | ||||||||||||||||||||||||||||||||||||||
goodwill | 1,780,507,000 | 1,781,156,000 | 1,782,095,000 | 1,782,836,000 | 1,780,726,000 | 1,779,682,000 | 1,782,871,000 | 1,780,299,000 | 1,780,158,000 | 1,781,092,000 | 1,779,215,000 | 1,780,884,000 | 1,780,200,000 | 1,783,239,000 | 1,779,415,000 | 1,783,870,000 | 1,780,370,000 | 1,776,239,000 | 1,774,406,000 | 1,757,795,000 | 899,796,000 | 595,927,000 | 593,129,000 | 586,757,000 | 585,772,000 | 586,659,000 | 584,469,000 | 583,703,000 | 587,751,000 | 585,735,000 | 399,882,000 | 400,904,000 | 405,082,000 | 403,261,000 | 402,976,000 | 397,386,000 | 395,011,000 | 393,480,000 | 397,558,000 | 398,929,000 | 401,152,000 | 387,118,000 | 379,895,000 | 162,214,000 | 166,470,000 | 175,471,000 | 173,191,000 | 172,216,000 | 109,295,000 | 111,670,000 | 112,021,000 | 112,032,000 | 104,697,000 | 72,705,000 | 72,020,000 | 71,323,000 | 73,252,000 | 72,832,000 | 72,189,000 | 71,251,000 | 67,806,000 | 69,067,000 | 61,029,000 | 61,029,000 |
intangible assets | 497,342,000 | 517,916,000 | 538,266,000 | 561,566,000 | 584,229,000 | 607,033,000 | 630,569,000 | 653,386,000 | 676,909,000 | 680,309,000 | 703,648,000 | 727,956,000 | 751,194,000 | 782,821,000 | 804,904,000 | 829,179,000 | 851,564,000 | 871,761,000 | 879,168,000 | 892,487,000 | 240,463,000 | 140,484,000 | 145,893,000 | 151,115,000 | 161,091,000 | 171,077,000 | 179,250,000 | 185,965,000 | 195,354,000 | 204,553,000 | 88,035,000 | 90,693,000 | 94,109,000 | 96,138,000 | 98,769,000 | 99,487,000 | 101,645,000 | 104,809,000 | 109,027,000 | 112,966,000 | 117,732,000 | 99,600,000 | 106,621,000 | 34,031,000 | 36,630,000 | 42,117,000 | 42,974,000 | 41,017,000 | 21,596,000 | 22,874,000 | 24,129,000 | 25,330,000 | 27,050,000 | 5,246,000 | 5,427,000 | 5,651,000 | 6,409,000 | 6,963,000 | 7,389,000 | 7,778,000 | 8,128,000 | 8,826,000 | 2,455,000 | 2,455,000 |
deferred contract costs | 62,737,000 | 66,636,000 | 63,332,000 | 60,392,000 | 60,800,000 | 58,863,000 | 59,432,000 | 53,899,000 | 49,102,000 | 46,439,000 | 45,372,000 | 45,928,000 | 47,498,000 | 49,030,000 | 47,732,000 | 43,723,000 | 42,813,000 | 43,319,000 | 36,486,000 | 37,020,000 | 30,309,000 | 21,294,000 | 20,891,000 | 20,267,000 | 19,278,000 | 18,224,000 | 18,921,000 | 22,477,000 | 19,771,000 | 16,049,000 | 14,380,000 | 14,025,000 | 14,673,000 | 14,901,000 | 16,298,000 | 17,048,000 | 16,917,000 | 17,805,000 | 18,182,000 | 17,068,000 | 17,782,000 | 18,123,000 | 19,715,000 | 19,005,000 | 15,390,000 | 13,750,000 | 12,321,000 | 12,954,000 | 11,695,000 | 10,675,000 | 14,619,000 | 9,284,000 | 6,717,000 | 6,939,000 | 7,246,000 | 8,020,000 | 8,617,000 | 7,991,000 | 7,320,000 | 6,708,000 | 6,863,000 | 7,298,000 | 8,206,000 | 8,206,000 |
deferred compensation plan assets | 58,472,000 | 65,109,000 | 63,272,000 | 58,714,000 | 52,523,000 | 55,579,000 | 55,913,000 | 52,895,000 | 51,786,000 | 47,273,000 | 42,919,000 | 44,412,000 | 42,049,000 | 39,606,000 | 37,050,000 | 38,729,000 | 44,773,000 | 49,376,000 | 46,738,000 | 47,041,000 | 43,747,000 | 42,350,000 | 36,819,000 | 33,834,000 | 28,016,000 | 35,151,000 | 32,908,000 | 33,114,000 | 32,387,000 | 28,970,000 | 34,305,000 | 33,184,000 | 29,703,000 | 29,826,000 | 28,548,000 | 27,148,000 | 25,805,000 | 23,816,000 | 23,307,000 | 22,015,000 | 21,519,000 | 21,187,000 | 20,904,000 | 21,003,000 | 20,657,000 | 11,242,000 | 10,977,000 | 10,901,000 | 9,768,000 | 9,831,000 | 9,373,000 | 9,220,000 | 8,803,000 | 9,116,000 | 8,543,000 | 8,004,000 | 9,171,000 | 9,176,000 | 8,878,000 | 8,317,000 | ||||
deferred income taxes | 7,590,000 | 11,755,000 | 11,491,000 | 11,059,000 | 10,035,000 | 12,259,000 | 14,801,000 | 5,911,000 | 2,129,000 | 2,204,000 | 2,459,000 | 5,771,000 | 5,865,000 | 5,038,000 | 4,970,000 | 4,776,000 | 2,635,000 | 1,745,000 | 990,000 | 506,000 | 222,000 | 222,000 | 1,915,000 | 3,450,000 | 186,000 | 191,000 | 186,000 | 617,000 | 209,000 | 209,000 | 6,834,000 | 7,502,000 | 7,625,000 | 7,679,000 | 7,691,000 | 8,548,000 | 8,791,000 | 8,929,000 | 8,644,000 | 5,047,000 | 5,204,000 | 11,077,000 | 31,567,000 | 32,572,000 | 25,152,000 | 27,773,000 | 29,928,000 | 19,386,000 | 25,183,000 | 20,992,000 | 21,779,000 | 22,207,000 | 23,916,000 | 23,943,000 | 22,409,000 | 19,256,000 | 17,301,000 | 16,074,000 | 14,848,000 | 13,290,000 | 8,017,000 | 6,846,000 | 5,389,000 | 5,389,000 |
other assets | 9,820,000 | 10,185,000 | 12,513,000 | 15,289,000 | 19,027,000 | 23,242,000 | 27,130,000 | 31,823,000 | 36,880,000 | 34,637,000 | 46,147,000 | 48,819,000 | 39,205,000 | 41,661,000 | 42,447,000 | 38,131,000 | 34,036,000 | 19,257,000 | 16,839,000 | 27,905,000 | 10,457,000 | 10,699,000 | 11,584,000 | 8,244,000 | 8,320,000 | 8,578,000 | 8,615,000 | 10,197,000 | 10,309,000 | 6,637,000 | 9,959,000 | 8,152,000 | 6,934,000 | 10,316,000 | 10,739,000 | 10,347,000 | 9,910,000 | 10,072,000 | 9,413,000 | 11,573,000 | 10,635,000 | 11,442,000 | 12,467,000 | 10,154,000 | 8,615,000 | 10,090,000 | 8,950,000 | 9,363,000 | 3,180,000 | 3,280,000 | 3,111,000 | 3,186,000 | 2,713,000 | 2,015,000 | 1,962,000 | 1,917,000 | 2,022,000 | 2,019,000 | 2,250,000 | 2,106,000 | 3,816,000 | 3,999,000 | 3,939,000 | 3,939,000 |
total assets | 4,239,174,000 | 4,208,300,000 | 4,069,639,000 | 4,462,293,000 | 4,199,772,000 | 4,058,760,000 | 4,131,508,000 | 3,999,790,000 | 4,041,144,000 | 4,016,861,000 | 3,985,797,000 | 3,943,184,000 | 3,898,856,000 | 4,234,915,000 | 3,992,714,000 | 4,057,923,000 | 4,107,696,000 | 4,181,868,000 | 4,118,965,000 | 4,370,593,000 | 2,441,395,000 | 2,066,233,000 | 2,024,702,000 | 2,062,986,000 | 1,960,406,000 | 1,989,791,000 | 1,745,732,000 | 1,690,906,000 | 1,687,716,000 | 1,669,302,000 | 1,462,000,000 | 1,401,059,000 | 1,430,500,000 | 1,401,530,000 | 1,350,662,000 | 1,283,495,000 | 1,316,486,000 | 1,296,337,000 | 1,348,819,000 | 1,298,093,000 | 1,342,813,000 | 1,275,535,000 | 1,275,645,000 | 954,961,000 | 892,252,000 | 922,080,000 | 896,979,000 | 844,200,000 | 759,058,000 | 744,360,000 | 705,905,000 | 695,293,000 | 651,586,000 | 615,834,000 | 584,411,000 | 565,279,000 | 590,067,000 | 572,618,000 | 536,744,000 | 527,741,000 | 494,378,000 | 474,244,000 | 433,234,000 | 433,234,000 |
liabilities and shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 281,984,000 | 263,281,000 | 296,888,000 | 281,994,000 | 306,445,000 | 286,359,000 | 303,321,000 | 280,836,000 | 276,199,000 | 267,623,000 | 282,081,000 | 283,686,000 | 259,463,000 | 272,196,000 | 264,553,000 | 259,016,000 | 302,912,000 | 273,289,000 | 305,565,000 | 420,510,000 | 278,629,000 | 266,038,000 | 253,338,000 | 217,831,000 | 191,505,000 | 174,707,000 | 177,786,000 | 182,551,000 | 169,099,000 | 152,532,000 | 114,378,000 | 98,486,000 | 119,589,000 | 133,408,000 | 122,083,000 | 111,856,000 | 130,537,000 | 134,482,000 | 150,711,000 | 133,162,000 | 135,704,000 | 161,905,000 | 164,486,000 | 126,122,000 | 113,671,000 | 101,313,000 | 109,654,000 | 105,723,000 | 87,689,000 | 80,553,000 | 82,826,000 | 71,314,000 | ||||||||||||
accrued compensation and benefits | 152,362,000 | 125,464,000 | 236,948,000 | 164,194,000 | 165,350,000 | 119,869,000 | 237,121,000 | 162,318,000 | 172,601,000 | 115,864,000 | 194,251,000 | 140,007,000 | 156,990,000 | 118,505,000 | 178,199,000 | 182,434,000 | 142,512,000 | 118,891,000 | 186,809,000 | 181,559,000 | 124,279,000 | 93,443,000 | 137,101,000 | 130,396,000 | 98,882,000 | 104,263,000 | 106,789,000 | 103,990,000 | 87,698,000 | 97,563,000 | 95,555,000 | 80,049,000 | 81,833,000 | 67,304,000 | 105,667,000 | 85,662,000 | 80,636,000 | 68,996,000 | 96,480,000 | 78,086,000 | 74,975,000 | 67,051,000 | 88,413,000 | 67,765,000 | 57,025,000 | 73,133,000 | 64,651,000 | 52,111,000 | 55,052,000 | 49,592,000 | 41,707,000 | 56,105,000 | 47,769,000 | 40,409,000 | 34,527,000 | 47,748,000 | 41,134,000 | 36,288,000 | 29,626,000 | 40,807,000 | 37,941,000 | 34,799,000 | 31,713,000 | 31,713,000 |
deferred revenue, current portion | 37,910,000 | 46,566,000 | 53,784,000 | 70,197,000 | 79,447,000 | 78,165,000 | 83,238,000 | 82,065,000 | 76,574,000 | 63,032,000 | 60,477,000 | 64,822,000 | 66,796,000 | 96,201,000 | 87,146,000 | 106,797,000 | 122,070,000 | 111,578,000 | 98,588,000 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 959,000 | 17,753,000 | 17,321,000 | 31,310,000 | 17,677,000 | 36,504,000 | 26,535,000 | 11,146,000 | 15,792,000 | 23,717,000 | 451,000 | 70,000 | 4,482,000 | 12,422,000 | 718,000 | 4,071,000 | 3,883,000 | 14,897,000 | 6,782,000 | 19,763,000 | 8,051,000 | 22,685,000 | 5,377,000 | 4,725,000 | 758,000 | 5,563,000 | 13,952,000 | 5,109,000 | 3,159,000 | 2,302,000 | 4,438,000 | 3,595,000 | 11,652,000 | 2,794,000 | 4,703,000 | 7,713,000 | 11,870,000 | 9,166,000 | 7,979,000 | 8,401,000 | 2,577,000 | 3,001,000 | 38,640,000 | 16,887,000 | 19,449,000 | 17,743,000 | 18,379,000 | 14,001,000 | 8,537,000 | 4,434,000 | 1,785,000 | 3,100,000 | 5,418,000 | 5,497,000 | 4,409,000 | 5,104,000 | 9,420,000 | 7,835,000 | 8,260,000 | 7,120,000 | 823,000 | |||
long-term debt, current portion | 63,930,000 | 58,305,000 | 52,680,000 | 48,263,000 | 47,055,000 | 34,945,000 | 40,139,000 | 39,952,000 | 88,517,000 | 90,443,000 | 86,844,000 | 86,901,000 | 84,490,000 | 77,479,000 | 63,458,000 | 59,698,000 | 59,911,000 | 78,703,000 | 80,555,000 | 9,658,000 | 141,000 | 180,000 | 217,000 | 240,000 | 277,000 | 326,000 | 329,000 | 340,000 | ||||||||||||||||||||||||||||||||||||
operating lease liabilities, current portion | 35,400,000 | 37,484,000 | 38,605,000 | 39,882,000 | 38,788,000 | 38,013,000 | 47,656,000 | 47,992,000 | 48,470,000 | 48,490,000 | 49,852,000 | 53,385,000 | 55,928,000 | 59,553,000 | 63,999,000 | 67,680,000 | 70,731,000 | 70,345,000 | 76,077,000 | |||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 109,142,000 | 59,193,000 | 68,937,000 | 70,311,000 | 66,475,000 | 85,070,000 | 69,519,000 | 55,734,000 | 50,563,000 | 49,197,000 | 49,058,000 | 54,430,000 | 53,026,000 | 109,866,000 | 116,374,000 | 50,510,000 | 51,247,000 | 43,089,000 | 35,057,000 | 26,768,000 | 25,309,000 | 20,286,000 | 22,071,000 | |||||||||||||||||||||||||||||||||||||||||
total current liabilities | 681,687,000 | 608,046,000 | 765,163,000 | 706,151,000 | 721,237,000 | 678,925,000 | 807,529,000 | 680,043,000 | 728,716,000 | 658,366,000 | 723,014,000 | 683,301,000 | 681,175,000 | 746,222,000 | 774,447,000 | 730,206,000 | 753,266,000 | 710,792,000 | 789,433,000 | 860,604,000 | 593,724,000 | 547,400,000 | 561,168,000 | 502,544,000 | 438,332,000 | 432,708,000 | 364,238,000 | 356,699,000 | 320,761,000 | 312,226,000 | 277,449,000 | 244,046,000 | 279,351,000 | 279,256,000 | 316,266,000 | 285,450,000 | 298,375,000 | 289,112,000 | 340,756,000 | 300,862,000 | 307,357,000 | 319,276,000 | 365,968,000 | 272,821,000 | 253,953,000 | 261,376,000 | 255,999,000 | 233,716,000 | 226,169,000 | 209,841,000 | 195,714,000 | 199,136,000 | 185,625,000 | 176,963,000 | 163,837,000 | 163,893,000 | 166,284,000 | 161,286,000 | 152,848,000 | 164,688,000 | 145,031,000 | 133,271,000 | 127,465,000 | 127,465,000 |
deferred revenue, non-current portion | 37,662,000 | 39,958,000 | 43,757,000 | 48,990,000 | 36,431,000 | 40,366,000 | 45,077,000 | 35,269,000 | 33,374,000 | 37,221,000 | 38,849,000 | 14,860,000 | 25,776,000 | 29,624,000 | 21,414,000 | 23,518,000 | 30,429,000 | 29,072,000 | 35,932,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term debt, non-current portion | 1,471,816,000 | 1,509,205,000 | 1,281,593,000 | 1,608,982,000 | 1,445,746,000 | 1,353,217,000 | 1,091,954,000 | 1,100,701,000 | 1,121,337,000 | 1,222,243,000 | 1,163,149,000 | 1,223,133,000 | 1,205,028,000 | 1,486,975,000 | 1,292,483,000 | 1,423,276,000 | 1,387,386,000 | 1,515,089,000 | 1,429,137,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred compensation plan liabilities, non-current portion | 58,171,000 | 67,447,000 | 62,145,000 | 58,736,000 | 52,321,000 | 58,781,000 | 57,599,000 | 55,870,000 | 53,539,000 | 51,507,000 | 46,432,000 | 47,363,000 | 43,706,000 | 44,688,000 | 40,210,000 | 39,006,000 | 44,923,000 | 53,013,000 | 47,405,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, non-current portion | 56,640,000 | 65,268,000 | 71,289,000 | 83,390,000 | 88,487,000 | 89,743,000 | 97,221,000 | 101,911,000 | 112,780,000 | 118,594,000 | 129,367,000 | 120,766,000 | 121,957,000 | 119,081,000 | 86,175,000 | 93,035,000 | 106,670,000 | 119,654,000 | 121,771,000 | |||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 23,534,000 | 22,043,000 | 22,637,000 | 21,582,000 | 21,444,000 | 18,331,000 | 20,195,000 | 6,467,000 | 9,365,000 | 12,807,000 | 13,253,000 | 13,763,000 | 18,413,000 | 23,773,000 | 22,515,000 | 30,629,000 | 31,958,000 | 29,678,000 | 20,320,000 | 20,765,000 | 8,995,000 | 9,214,000 | 8,985,000 | 18,971,000 | 12,973,000 | 12,785,000 | 12,709,000 | 20,450,000 | 17,909,000 | 17,474,000 | 11,896,000 | 11,177,000 | 13,534,000 | 12,565,000 | 11,950,000 | 12,541,000 | 11,582,000 | 11,563,000 | 11,617,000 | 10,585,000 | 13,343,000 | 10,103,000 | 10,843,000 | 6,951,000 | 7,702,000 | 11,576,000 | 10,115,000 | 7,636,000 | 8,715,000 | 6,599,000 | ||||||||||||||
total liabilities | 2,542,213,000 | 2,488,488,000 | 2,395,604,000 | 2,689,257,000 | 2,532,298,000 | 2,411,911,000 | 2,288,693,000 | 2,181,075,000 | 2,252,001,000 | 2,299,055,000 | 2,317,962,000 | 2,310,331,000 | 2,297,134,000 | 2,653,908,000 | 2,443,343,000 | 2,536,361,000 | 2,553,480,000 | 2,653,442,000 | 2,638,636,000 | 2,917,146,000 | 1,071,490,000 | 767,922,000 | 782,883,000 | 868,039,000 | 821,938,000 | 690,786,000 | 497,531,000 | 476,007,000 | 520,135,000 | 551,923,000 | 375,581,000 | 345,312,000 | 364,172,000 | 393,878,000 | 404,894,000 | 393,404,000 | 493,076,000 | 533,965,000 | 595,679,000 | 592,572,000 | 679,372,000 | 662,793,000 | 635,247,000 | 366,732,000 | 333,811,000 | 333,578,000 | 325,343,000 | 305,088,000 | 268,085,000 | 251,169,000 | 244,199,000 | 244,187,000 | 221,887,000 | 205,111,000 | 192,489,000 | 190,822,000 | 194,093,000 | 190,028,000 | 179,567,000 | 188,952,000 | 168,878,000 | 155,042,000 | 136,106,000 | 136,106,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 639,269,000 | 628,867,000 | 628,118,000 | 627,496,000 | 616,315,000 | 603,252,000 | 598,304,000 | 604,287,000 | 594,387,000 | 585,278,000 | 577,898,000 | 581,338,000 | 572,632,000 | 562,679,000 | 557,978,000 | 557,656,000 | 550,228,000 | 543,032,000 | 532,411,000 | 535,990,000 | 528,205,000 | 520,357,000 | 513,959,000 | 517,200,000 | 511,023,000 | 504,184,000 | 498,433,000 | 503,184,000 | 498,269,000 | 492,938,000 | 487,539,000 | 491,852,000 | 487,385,000 | 481,261,000 | 475,592,000 | 478,120,000 | 472,075,000 | 466,656,000 | 461,679,000 | 460,409,000 | 455,441,000 | 450,572,000 | 442,135,000 | 438,373,000 | 433,922,000 | 430,642,000 | 425,648,000 | 419,803,000 | 411,444,000 | 407,685,000 | 403,706,000 | 395,967,000 | 395,441,000 | 389,477,000 | 385,101,000 | 377,579,000 | 374,267,000 | 367,739,000 | 360,198,000 | 352,696,000 | 349,098,000 | 345,591,000 | 338,739,000 | 338,739,000 |
accumulated other comprehensive loss | -21,055,000 | -19,026,000 | -17,867,000 | -12,629,000 | -18,375,000 | -19,554,000 | -32,460,000 | -30,934,000 | -30,149,000 | -30,588,000 | -27,615,000 | -24,311,000 | -33,303,000 | -29,706,000 | -33,961,000 | -31,991,000 | -26,098,000 | -36,764,000 | -39,908,000 | -36,031,000 | -34,945,000 | -35,715,000 | -42,638,000 | -46,684,000 | -50,116,000 | -38,487,000 | -45,380,000 | -41,110,000 | -39,136,000 | -42,673,000 | -34,894,000 | -24,435,000 | -27,304,000 | -34,303,000 | -40,235,000 | -45,851,000 | ||||||||||||||||||||||||||||
retained earnings | 1,078,747,000 | 1,109,971,000 | 1,063,784,000 | 1,158,169,000 | 1,069,534,000 | 1,063,151,000 | 1,276,971,000 | 1,245,362,000 | 1,224,905,000 | 1,163,116,000 | 1,117,552,000 | 1,075,826,000 | 1,062,393,000 | 1,048,034,000 | 1,025,354,000 | 995,897,000 | 1,030,086,000 | 1,022,158,000 | 987,826,000 | 953,488,000 | 876,645,000 | 813,669,000 | 770,498,000 | 724,431,000 | 677,561,000 | 833,308,000 | 794,739,000 | 752,370,000 | 705,824,000 | 664,332,000 | 633,281,000 | 594,901,000 | 599,630,000 | 547,151,000 | 492,112,000 | 441,795,000 | 387,881,000 | 338,460,000 | 323,571,000 | 275,846,000 | 228,834,000 | 183,063,000 | 208,404,000 | 169,802,000 | 134,057,000 | 144,954,000 | 139,448,000 | 114,407,000 | 79,311,000 | 511,116,000 | 482,645,000 | 464,545,000 | 444,100,000 | 426,828,000 | 415,761,000 | 401,248,000 | 375,800,000 | 361,755,000 | 346,253,000 | 330,929,000 | 311,393,000 | 296,261,000 | 269,270,000 | 269,270,000 |
total shareholders' equity | 1,696,961,000 | 1,719,812,000 | 1,674,035,000 | 1,773,036,000 | 1,667,474,000 | 1,646,849,000 | 1,842,815,000 | 1,818,715,000 | 1,789,143,000 | 1,717,806,000 | 1,667,835,000 | 1,632,853,000 | 1,601,722,000 | 1,581,007,000 | 1,549,371,000 | 1,521,562,000 | 1,554,216,000 | 1,528,426,000 | 1,480,329,000 | 1,453,447,000 | 1,369,905,000 | 1,298,311,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 4,239,174,000 | 4,208,300,000 | 4,069,639,000 | 4,462,293,000 | 4,199,772,000 | 4,058,760,000 | 4,131,508,000 | 3,999,790,000 | 4,041,144,000 | 4,016,861,000 | 3,985,797,000 | 3,943,184,000 | 3,898,856,000 | 4,234,915,000 | 3,992,714,000 | 4,057,923,000 | 4,107,696,000 | 4,181,868,000 | 4,118,965,000 | 4,370,593,000 | 2,441,395,000 | 2,066,233,000 | ||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of allowance of 6,607 and 6,051 | 794,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — unbilled | 334,666,000 | 177,938,000 | 120,764,000 | 163,332,000 | 203,267,000 | 120,159,000 | 123,420,000 | 123,884,000 | 94,102,000 | 131,250,000 | 124,385,000 | 36,155,000 | 41,202,000 | 30,944,000 | 43,718,000 | 39,878,000 | 38,431,000 | 36,331,000 | 35,777,000 | 32,799,000 | 27,578,000 | 28,845,000 | 30,862,000 | 17,006,000 | 20,303,000 | 21,596,000 | 16,329,000 | 18,689,000 | 11,387,000 | 12,385,000 | 7,242,000 | 7,588,000 | 16,394,000 | 15,228,000 | 18,797,000 | 19,598,000 | 21,688,000 | 16,706,000 | 16,706,000 | |||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 68,846,000 | 61,475,000 | 58,307,000 | 51,655,000 | 48,743,000 | 46,206,000 | 42,756,000 | 43,344,000 | 40,951,000 | 39,215,000 | 37,231,000 | 51,182,000 | 50,739,000 | 52,743,000 | 63,185,000 | 71,722,000 | 67,498,000 | 63,533,000 | 64,665,000 | 73,692,000 | 70,302,000 | 80,429,000 | 76,876,000 | 63,586,000 | 55,096,000 | 56,106,000 | 57,447,000 | 53,042,000 | 54,081,000 | 66,009,000 | 66,072,000 | 62,401,000 | 61,840,000 | 62,619,000 | 59,265,000 | 56,030,000 | 47,902,000 | 45,109,000 | 47,112,000 | 53,286,000 | 58,070,000 | 35,385,000 | 30,319,000 | 22,177,000 | 22,177,000 | |||||||||||||||||||
current portion of long-term debt and other borrowings | 60,586,000 | 16,551,000 | 14,159,000 | 10,878,000 | 7,000,000 | 9,352,000 | 7,009,000 | 3,648,000 | 3,681,000 | 5,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 82,572,000 | 79,430,000 | 72,482,000 | 80,748,000 | 74,878,000 | 78,656,000 | 85,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue, less current portion | 36,051,000 | 32,926,000 | 27,428,000 | 27,311,000 | 30,090,000 | 34,142,000 | 32,105,000 | 32,341,000 | 26,435,000 | 24,910,000 | 22,275,000 | 20,394,000 | 22,601,000 | 23,802,000 | 24,264,000 | 28,182,000 | 29,893,000 | 32,902,000 | 36,422,000 | 40,007,000 | 43,875,000 | 47,873,000 | 50,714,000 | 56,734,000 | 50,682,000 | 33,894,000 | 30,056,000 | 27,065,000 | 30,593,000 | 7,939,000 | 8,943,000 | 23,619,000 | 19,550,000 | 5,021,000 | 3,553,000 | 2,274,000 | 2,575,000 | 4,494,000 | 4,854,000 | 3,761,000 | 4,083,000 | 16,081,000 | 13,039,000 | 6,527,000 | 6,527,000 | |||||||||||||||||||
long-term debt, less current portion | 1,633,135,000 | 250,601,000 | 18,481,000 | 18,017,000 | 145,161,000 | 150,155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation plan liabilities, less current portion | 44,076,000 | 44,076,000 | 45,304,000 | 38,654,000 | 34,302,000 | 30,431,000 | 37,298,000 | 34,079,000 | 34,689,000 | 32,622,000 | 31,769,000 | 33,497,000 | 32,354,000 | 30,904,000 | 34,162,000 | 30,707,000 | 28,668,000 | 26,950,000 | 26,497,000 | 24,012,000 | 22,801,000 | 21,575,000 | 22,986,000 | 20,906,000 | 20,973,000 | 21,444,000 | 17,422,000 | 16,161,000 | 16,562,000 | 14,093,000 | 13,573,000 | 13,212,000 | 11,741,000 | 11,128,000 | 9,895,000 | 10,320,000 | 8,883,000 | |||||||||||||||||||||||||||
operating lease liabilities, less current portion | 118,341,000 | 110,124,000 | 95,678,000 | 104,011,000 | 103,236,000 | 109,339,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of allowance of 6,821 and 6,051 | 582,474,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of allowance of 6,579 and 6,051 | 662,059,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable | 622,871,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total maximus shareholders' equity | 1,241,819,000 | 1,194,947,000 | 1,138,468,000 | 1,299,005,000 | 1,247,792,000 | 1,083,867,000 | 940,085,000 | 749,081,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 409,000 | 455,000 | 2,624,000 | 2,782,000 | 2,552,000 | 3,888,000 | 3,748,000 | 6,544,000 | 5,683,000 | 4,479,000 | 3,689,000 | 3,107,000 | 4,059,000 | 3,615,000 | 4,150,000 | 3,594,000 | 2,346,000 | 857,000 | 712,000 | |||||||||||||||||||||||||||||||||||||||||||||
total equity | 1,241,819,000 | 1,194,947,000 | 1,138,468,000 | 1,299,005,000 | 1,248,201,000 | 1,214,899,000 | 1,167,581,000 | 1,117,379,000 | 1,086,419,000 | 1,055,747,000 | 1,066,328,000 | 1,007,652,000 | 945,768,000 | 890,091,000 | 823,410,000 | 762,372,000 | 753,140,000 | 705,521,000 | 663,441,000 | 612,742,000 | 640,398,000 | 588,229,000 | 558,441,000 | |||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 2,024,702,000 | 2,062,986,000 | 1,960,406,000 | 1,989,791,000 | 1,745,732,000 | 1,690,906,000 | 1,687,716,000 | 1,669,302,000 | 1,462,000,000 | 1,401,059,000 | 1,430,500,000 | 1,401,530,000 | 1,350,662,000 | 1,283,495,000 | 1,316,486,000 | 1,296,337,000 | 1,348,819,000 | 1,298,093,000 | 1,342,813,000 | 1,275,535,000 | 1,275,645,000 | 954,961,000 | 892,252,000 | |||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 13,031 and 5,382 | 626,471,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 12,054 and 5,382 | 529,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 6,846 and 5,382 | 511,670,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 121,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 20,264,000 | 20,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable,net | 476,690,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 6,560 and 4,285 | 525,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 268,000 | 75,295,000 | 120,321,000 | 12,050,000 | 527,000 | 15,540,000 | 115,559,000 | 150,292,000 | 165,338,000 | 210,683,000 | 286,017,000 | 244,955,000 | 166,844,000 | 1,150,000 | 1,149,000 | 1,229,000 | 1,333,000 | 1,420,000 | 1,494,000 | 1,558,000 | 1,538,000 | 1,625,000 | 1,632,000 | 1,654,000 | 1,794,000 | 1,802,000 | 1,452,000 | 1,411,000 | 1,187,000 | 885,000 | ||||||||||||||||||||||||||||||||||
total maximus shareholders’ equity | 1,214,444,000 | 1,164,957,000 | 1,114,597,000 | 1,051,859,000 | 1,062,580,000 | 1,001,108,000 | 885,612,000 | 819,721,000 | 759,265,000 | 701,906,000 | 659,291,000 | 609,148,000 | 638,052,000 | 587,372,000 | 557,729,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 6,073 and 4,285 | 491,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 6,430 and 4,285 | 486,922,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—billed and billable | 357,613,000 | 394,338,000 | 444,357,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—unbilled | 31,536,000 | 36,475,000 | 36,433,000 | 10,539,000 | 7,170,000 | 17,245,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -36,953,000 | -27,619,000 | -36,169,000 | -34,349,000 | -24,984,000 | -24,487,000 | 12,906,000 | 6,540,000 | 4,902,000 | 218,000 | 18,672,000 | 19,637,000 | 20,240,000 | 15,949,000 | 20,069,000 | 16,711,000 | 12,480,000 | 23,154,000 | 20,918,000 | 18,459,000 | 14,530,000 | 6,673,000 | 11,007,000 | 8,268,000 | 8,268,000 | |||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 3,507 and 6,843 | 398,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,356 and 6,843 | 415,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 5,736 and 6,843 | 438,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,371 and 4,226 | 376,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,163 and 4,226 | 432,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,283 and 4,226 | 426,372,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 5,173 and 3,385 | 421,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 5,080 and 3,385 | 433,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,555 and 3,385 | 425,159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,331 and 3,138 | 377,729,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 4,004 and 3,138 | 339,527,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 3,208 and 3,138 | 265,383,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 13,356,000 | 12,073,000 | 11,915,000 | 12,313,000 | 12,934,000 | 12,106,000 | 11,593,000 | 11,930,000 | 6,681,000 | 7,116,000 | 4,839,000 | 5,097,000 | 4,930,000 | 4,966,000 | 4,182,000 | 3,753,000 | 3,971,000 | 3,919,000 | 3,919,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable, net of reserves of 3,831 and 3,828 | 274,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid income taxes | 2,620,000 | 75,000 | 3,359,000 | 11,517,000 | 4,711,000 | 3,800,000 | 3,258,000 | 4,109,000 | 7,054,000 | 12,959,000 | 4,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 164,000 | 158,000 | 164,000 | 167,000 | 172,000 | 176,000 | 178,000 | 171,000 | 132,000 | 86,000 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | 16,965,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 588,502,000 | 571,636,000 | 539,112,000 | 490,973,000 | 493,191,000 | 461,706,000 | 451,106,000 | 429,699,000 | 410,723,000 | 391,922,000 | 374,457,000 | 395,974,000 | 382,590,000 | 357,177,000 | 338,789,000 | 325,500,000 | 319,202,000 | 297,128,000 | 297,128,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 922,080,000 | 896,979,000 | 844,200,000 | 759,058,000 | 744,360,000 | 705,905,000 | 695,293,000 | 651,586,000 | 615,834,000 | 584,411,000 | 565,279,000 | 590,067,000 | 572,618,000 | 536,744,000 | 527,741,000 | 494,378,000 | 474,244,000 | 433,234,000 | 433,234,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 5,430 and 3,828 | 309,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 4,227 and 3,828 | 277,603,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 3,293 and 3,975 | 221,319,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related contingent consideration, less current portion | 380,000 | 393,000 | 406,000 | 390,000 | 401,000 | 392,000 | 388,000 | 406,000 | 2,360,000 | 2,300,000 | 2,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable, less current portion | 1,460,000 | 1,460,000 | 1,436,000 | 1,412,000 | 1,387,000 | 1,538,000 | 1,511,000 | 1,484,000 | 1,784,000 | 1,851,000 | 1,823,000 | 1,793,000 | 1,755,000 | 2,041,000 | 1,871,000 | 1,871,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 3,769 and 3,975 | 205,397,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | 9,018,000 | 6,819,000 | 6,942,000 | 2,377,000 | 4,432,000 | 6,100,000 | 6,817,000 | 7,038,000 | 9,577,000 | 10,554,000 | 15,083,000 | 15,083,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 4,114 and 3,975 | 198,939,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related contingent consideration | 401,000 | 1,951,000 | 2,005,000 | 1,863,000 | 1,840,000 | 2,969,000 | 1,028,000 | 1,000,000 | 923,000 | 906,000 | 3,092,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—billed | 172,705,000 | 146,900,000 | 136,260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 4,580 and 3,265 | 157,795,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 60,755,000 | 67,278,000 | 62,490,000 | 55,470,000 | 61,552,000 | 62,206,000 | 53,638,000 | 49,200,000 | 55,834,000 | 53,151,000 | 44,368,000 | 44,368,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 4,226 and 3,265 | 140,664,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 3,413 and 3,265 | 149,936,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | 5,787,000 | 7,934,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | 634,000 | 4,565,000 | 4,448,000 | 14,124,000 | 14,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 3,792 and 1,845 | 125,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax liability | 7,824,000 | 7,332,000 | 5,924,000 | 2,724,000 | 2,714,000 | 243,000 | 243,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation plan liabilities | 11,507,000 | 10,543,000 | 11,459,000 | 9,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 2,961 and 1,845 | 138,153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost | 120,694,000 | 119,423,000 | 109,708,000 | 107,189,000 | 98,781,000 | 98,781,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 2,088 and 1,845 | 114,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 9,368,000 | 6,560,000 | 18,238,000 | 18,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 5,812 and 1,484 | 122,611,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | 167,000 | 736,000 | 736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 5,812 and 5,521 | 129,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed, net of reserves of 5,812 and 5,628 | 132,058,000 | 132,058,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 98,063,000 | 93,943,000 | 75,288,000 | 105,981,000 | 96,569,000 | 41,196,000 | 72,504,000 | 89,752,000 | 80,510,000 | 64,148,000 | 59,146,000 | 30,863,000 | 31,788,000 | 39,995,000 | 69,067,000 | 31,335,000 | 50,096,000 | 53,330,000 | 52,014,000 | 94,495,000 | 80,614,000 | 64,077,000 | 63,661,000 | 64,464,000 | 27,650,000 | 58,734,000 | 60,041,000 | 62,965,000 | 61,766,000 | 55,723,000 | 45,516,000 | 60,242,000 | 55,106,000 | 59,952,000 | 54,968,000 | 57,788,000 | 53,097,000 | 46,329,000 | 51,187,000 | 52,750,000 | 49,341,000 | 26,882,000 | 42,258,000 | 39,028,000 | 42,350,000 | 34,138,000 | 41,207,000 | 33,859,000 | 28,100,000 | 31,689,000 | 21,316,000 | 23,671,000 | 20,485,000 | 14,273,000 | 17,704,000 | 25,575,000 | 19,892,000 | 18,219,000 | 17,482,000 | 21,712,000 | 17,326,000 | 18,743,000 | 12,628,000 |
adjustments to reconcile net income to cash flows from operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, equipment, and capitalized software | 12,328,000 | 12,889,000 | 9,607,000 | 9,440,000 | 8,455,000 | 7,530,000 | 8,205,000 | 8,411,000 | 10,771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized software impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 20,298,000 | 20,300,000 | 23,006,000 | 23,010,000 | 22,996,000 | 23,035,000 | 23,038,000 | 23,542,000 | 21,641,000 | 23,349,000 | 23,992,000 | 23,431,000 | 23,650,000 | 23,518,000 | 22,514,000 | 22,690,000 | 22,856,000 | 22,405,000 | 20,639,000 | 12,132,000 | 5,070,000 | 6,516,000 | 8,900,000 | 8,712,000 | 8,934,000 | 9,088,000 | 9,028,000 | 9,049,000 | 9,519,000 | 5,458,000 | 2,462,000 | 2,525,000 | 2,603,000 | 2,718,000 | 2,700,000 | 2,720,000 | 3,386,000 | 3,402,000 | 3,449,000 | 3,517,000 | 3,262,000 | 3,149,000 | 3,275,000 | 1,433,000 | 1,474,000 | ||||||||||||||||||
amortization of debt issuance costs and debt discount | 736,000 | 736,000 | 736,000 | 736,000 | 672,000 | 638,000 | 635,000 | 1,697,000 | 601,000 | 601,000 | 601,000 | 601,000 | 601,000 | 1,034,000 | 1,066,000 | 649,000 | 648,000 | 649,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 39,917,000 | 27,864,000 | -10,887,000 | -5,239,000 | -2,747,000 | 2,157,000 | -32,252,000 | 4,545,000 | -6,150,000 | -2,165,000 | -823,000 | 3,743,000 | -37,000 | -1,331,000 | 17,383,000 | -3,861,000 | -3,089,000 | -229,000 | -10,209,000 | -4,319,000 | 6,653,000 | 1,298,000 | -13,935,000 | -8,248,000 | 2,616,000 | 422,000 | 1,465,000 | -6,568,000 | 1,253,000 | 16,511,000 | -2,153,000 | 18,053,000 | -14,886,000 | 5,707,000 | -3,852,000 | 14,335,000 | -11,631,000 | 5,910,000 | 7,399,000 | -1,420,000 | 172,000 | -499,000 | 7,659,000 | -3,727,000 | 1,386,000 | -774,000 | 156,000 | 990,000 | |||||||||||||||
stock compensation expense | 9,899,000 | 7,019,000 | 10,858,000 | 10,749,000 | 12,623,000 | 6,952,000 | 7,744,000 | 9,481,000 | 8,697,000 | 9,427,000 | 7,283,000 | 8,296,000 | 9,540,000 | 4,403,000 | 8,396,000 | 7,028,000 | 6,804,000 | 8,248,000 | 7,731,000 | 7,344,000 | 7,417,000 | 6,062,000 | 6,150,000 | 5,758,000 | 6,403,000 | 5,397,000 | 5,451,000 | 5,419,000 | 4,933,000 | 4,971,000 | 4,525,000 | 4,389,000 | 5,922,000 | 5,402,000 | 5,543,000 | 5,588,000 | 5,345,000 | 4,889,000 | 4,933,000 | 4,667,000 | 4,819,000 | 4,332,000 | 4,349,000 | 4,470,000 | 3,966,000 | 4,081,000 | |||||||||||||||||
divestiture-related charges/ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effects of business combinations and divestitures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 30,710,000 | -253,375,000 | 521,445,000 | -318,415,000 | -131,428,000 | -103,454,000 | -24,034,000 | 65,857,000 | -57,006,000 | -35,379,000 | -31,076,000 | -54,854,000 | 263,278,000 | -200,749,000 | 54,129,000 | 9,067,000 | -34,950,000 | -14,114,000 | |||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 6,054,000 | -91,000 | -23,145,000 | 1,398,000 | 10,443,000 | -2,500,000 | -8,751,000 | -616,000 | 9,876,000 | 10,056,000 | -20,242,000 | 7,689,000 | 2,788,000 | 10,624,000 | -16,199,000 | -315,000 | 14,884,000 | -5,115,000 | -24,268,000 | -532,000 | 3,181,000 | 4,893,000 | -10,368,000 | -3,733,000 | 199,000 | 4,063,000 | -12,650,000 | 2,185,000 | 573,000 | -5,691,000 | -552,000 | -3,020,000 | 2,507,000 | 6,019,000 | -3,360,000 | -1,568,000 | 1,267,000 | 6,245,000 | -6,405,000 | -1,065,000 | 127,000 | 5,316,000 | 2,338,000 | 201,000 | 72,000 | 220,000 | 628,000 | 1,041,000 | 1,042,000 | ||||||||||||||
deferred contract costs | 3,740,000 | -3,302,000 | -1,261,000 | 1,059,000 | -1,549,000 | -366,000 | -4,778,000 | -4,777,000 | -2,712,000 | -888,000 | 443,000 | 1,662,000 | 1,596,000 | -1,013,000 | -4,354,000 | -1,271,000 | 380,000 | -6,811,000 | 347,000 | -6,589,000 | -8,979,000 | -205,000 | -515,000 | -899,000 | -1,345,000 | 848,000 | 3,472,000 | -2,727,000 | -3,658,000 | -1,757,000 | -402,000 | 446,000 | 381,000 | 1,413,000 | 923,000 | 116,000 | 954,000 | 44,000 | -1,354,000 | 146,000 | 46,000 | 764,000 | -1,423,000 | 625,000 | 1,354,000 | 210,000 | 319,000 | 790,000 | 183,000 | 392,000 | 487,000 | 479,000 | |||||||||||
accounts payable and accrued liabilities | 19,569,000 | -33,807,000 | 14,316,000 | -27,751,000 | 14,093,000 | -8,150,000 | 19,926,000 | 4,642,000 | 9,242,000 | -15,543,000 | 814,000 | 23,276,000 | -10,003,000 | 3,642,000 | 9,855,000 | -39,530,000 | 29,405,000 | -32,452,000 | -89,969,000 | 104,478,000 | 1,196,000 | 11,199,000 | 31,308,000 | 26,300,000 | 19,919,000 | 2,403,000 | -5,882,000 | 11,382,000 | 15,516,000 | 26,564,000 | 15,971,000 | -20,525,000 | -14,558,000 | 11,387,000 | 9,104,000 | -19,694,000 | -3,144,000 | -14,575,000 | 18,246,000 | -668,000 | -28,137,000 | 8,188,000 | 17,790,000 | 13,833,000 | 13,441,000 | 7,752,000 | -1,798,000 | 10,526,000 | |||||||||||||||
accrued compensation and benefits | 27,269,000 | -100,700,000 | 62,594,000 | -2,368,000 | 45,035,000 | -93,036,000 | 59,290,000 | -10,487,000 | 56,836,000 | -67,392,000 | 44,262,000 | -17,390,000 | 39,049,000 | -53,271,000 | -10,558,000 | 42,127,000 | 28,024,000 | -56,305,000 | -16,275,000 | 51,148,000 | 18,921,000 | -35,682,000 | -4,163,000 | 29,808,000 | -3,003,000 | 6,842,000 | -6,994,000 | 16,725,000 | -7,820,000 | 377,000 | 7,040,000 | -444,000 | 14,197,000 | -29,588,000 | 10,552,000 | 4,590,000 | 10,944,000 | -17,237,000 | 9,105,000 | 4,237,000 | 7,172,000 | -21,383,000 | 1,156,000 | 3,839,000 | |||||||||||||||||||
deferred revenue | -10,759,000 | -10,843,000 | -21,315,000 | 2,618,000 | -3,061,000 | -8,232,000 | 10,455,000 | 7,374,000 | 9,828,000 | 877,000 | 19,624,000 | -13,400,000 | -33,111,000 | 14,764,000 | -19,684,000 | -18,131,000 | 12,544,000 | 5,929,000 | 30,028,000 | 10,328,000 | 7,539,000 | 5,757,000 | -415,000 | -2,494,000 | 6,645,000 | -1,345,000 | 8,631,000 | 3,422,000 | 4,807,000 | -372,000 | -1,311,000 | -1,939,000 | -11,384,000 | -12,405,000 | 869,000 | -417,000 | -5,757,000 | -10,096,000 | 42,000 | -9,694,000 | 877,000 | -2,886,000 | 10,566,000 | 18,248,000 | 3,610,000 | 6,463,000 | -1,334,000 | -130,000 | 3,662,000 | 7,629,000 | 8,745,000 | 8,423,000 | 992,000 | 13,134,000 | |||||||||
income taxes | -73,428,000 | -1,035,000 | -13,133,000 | 12,090,000 | -18,541,000 | 12,076,000 | 21,729,000 | -2,734,000 | -8,940,000 | 22,250,000 | 16,228,000 | -26,608,000 | -16,043,000 | 9,465,000 | -688,000 | 693,000 | -23,836,000 | 10,321,000 | -17,898,000 | 11,935,000 | -13,717,000 | 16,947,000 | 2,927,000 | 28,269,000 | -41,690,000 | 13,984,000 | -7,859,000 | 19,635,000 | -12,648,000 | -3,848,000 | 1,349,000 | -12,721,000 | 8,992,000 | 9,642,000 | 3,531,000 | -15,345,000 | 3,813,000 | 16,902,000 | -12,160,000 | 21,632,000 | -19,554,000 | -3,043,000 | 17,893,000 | 747,000 | 18,836,000 | -3,991,000 | 4,081,000 | 6,072,000 | -2,656,000 | 631,000 | 3,932,000 | 4,978,000 | -3,145,000 | 5,751,000 | -11,099,000 | 14,867,000 | |||||||
operating lease right-of-use assets and liabilities | -1,074,000 | -399,000 | 1,571,000 | -1,145,000 | -14,000 | -2,349,000 | 225,000 | -1,746,000 | 703,000 | -1,088,000 | 1,707,000 | -1,670,000 | -1,124,000 | -948,000 | 218,000 | -37,000 | 5,077,000 | -6,370,000 | 4,237,000 | 1,491,000 | 4,513,000 | -4,927,000 | 515,000 | -1,237,000 | 1,788,000 | -1,622,000 | |||||||||||||||||||||||||||||||||||||
other assets and liabilities | -710,000 | 5,384,000 | -5,074,000 | 4,952,000 | -12,819,000 | 5,241,000 | 8,292,000 | 5,268,000 | -843,000 | 3,926,000 | 4,997,000 | -1,696,000 | -17,200,000 | 2,928,000 | -12,491,000 | -1,203,000 | -3,899,000 | 6,230,000 | 7,842,000 | -9,767,000 | -4,251,000 | 2,554,000 | 279,000 | 2,851,000 | -433,000 | 2,138,000 | 4,033,000 | 1,260,000 | -3,707,000 | -135,000 | 4,608,000 | -4,118,000 | 872,000 | 2,748,000 | -523,000 | 166,000 | -1,867,000 | 2,076,000 | 3,272,000 | -1,645,000 | -2,237,000 | -801,000 | -178,000 | 568,000 | 2,822,000 | 339,000 | 1,352,000 | 933,000 | |||||||||||||||
net cash from operating activities | 189,526,000 | -244,402,000 | 649,372,000 | -182,718,000 | 42,714,000 | -79,996,000 | 163,834,000 | 199,328,000 | 130,488,000 | 21,608,000 | 144,589,000 | -5,286,000 | 309,696,000 | -134,659,000 | 120,063,000 | 57,917,000 | 114,778,000 | -2,919,000 | |||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -10,509,000 | -6,263,000 | -7,527,000 | -15,488,000 | -17,206,000 | -22,992,000 | -31,953,000 | -34,690,000 | -25,300,000 | -22,247,000 | -31,832,000 | -25,112,000 | -18,054,000 | -15,697,000 | -20,209,000 | -13,038,000 | -16,571,000 | -6,327,000 | |||||||||||||||||||||||||||||||||||||||||||||
free cash flows | 179,017,000 | -250,665,000 | 641,845,000 | -198,206,000 | 25,508,000 | -102,988,000 | 131,881,000 | 164,638,000 | 105,188,000 | -639,000 | 112,757,000 | -30,398,000 | 291,642,000 | -150,356,000 | 99,854,000 | 44,879,000 | 98,207,000 | -9,246,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment and capitalized software | -10,509,000 | -6,263,000 | -7,527,000 | -15,488,000 | -17,206,000 | -22,992,000 | -31,953,000 | -34,690,000 | -25,300,000 | -22,247,000 | -31,832,000 | -25,112,000 | -18,054,000 | -15,697,000 | -20,209,000 | -13,038,000 | -16,571,000 | -6,327,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from divestitures | 0 | 12,895,000 | 4,381,000 | 0 | 0 | 736,000 | 7,000 | 0 | 1,263,000 | 1,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -1,375,000 | 0 | 0 | -159,000 | 0 | 287,000 | 73,000 | 25,000 | 73,000 | 96,000 | 237,000 | 47,000 | 94,000 | 92,000 | 138,000 | 45,000 | 90,000 | 267,000 | 175,000 | 43,000 | 43,000 | 171,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -10,509,000 | 6,632,000 | -3,146,000 | -15,488,000 | -19,371,000 | -22,256,000 | -31,939,000 | -34,690,000 | -42,043,000 | -20,432,000 | -31,224,000 | -25,112,000 | -8,930,000 | -15,697,000 | -5,929,000 | -25,178,000 | -16,575,000 | -6,327,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid to maximus shareholders | -17,821,000 | -16,338,000 | -16,845,000 | -16,904,000 | -16,901,000 | -18,060,000 | -18,054,000 | -18,239,000 | -18,309,000 | -18,299,000 | -17,020,000 | -17,020,000 | -17,016,000 | -17,017,000 | -16,954,000 | -17,103,000 | -17,312,000 | -17,347,000 | -17,213,000 | -17,211,000 | -17,207,000 | -17,207,000 | -17,167,000 | -17,175,000 | -17,900,000 | -17,913,000 | -15,951,000 | -15,953,000 | -15,950,000 | -16,033,000 | -2,891,000 | -2,936,000 | -2,935,000 | -2,930,000 | -2,920,000 | -2,917,000 | -2,917,000 | -2,920,000 | -2,921,000 | ||||||||||||||||||||||||
purchases of maximus common stock | -114,440,000 | -40,562,000 | -141,039,000 | 0 | -77,850,000 | -228,593,000 | -25,794,000 | -22,255,000 | -48,021,000 | -24,464,000 | -1,379,000 | 0 | 0 | 0 | -3,363,000 | 0 | 0 | -165,061,000 | -1,898,000 | -1,378,000 | 0 | -5,084,000 | -40,984,000 | ||||||||||||||||||||||||||||||||||||||||
tax withholding related to rsu vesting | 0 | -17,325,000 | 0 | -10,000 | 0 | -16,441,000 | 0 | 0 | 0 | -13,455,000 | 0 | 0 | 0 | -8,475,000 | 0 | 0 | 0 | -9,673,000 | 0 | 0 | 0 | -9,818,000 | 0 | 0 | 0 | -10,614,000 | 0 | 0 | 0 | -8,915,000 | 0 | 0 | 0 | -8,529,000 | 92,000 | 0 | -12,000 | -9,255,000 | -17,000 | 0 | -44,000 | -11,553,000 | |||||||||||||||||||||
payments for debt financing costs | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 300,000,000 | 365,000,000 | 163,792,000 | 376,208,000 | 524,000,000 | 435,000,000 | 250,000,000 | 426,757,000 | 195,000,000 | 228,409,000 | 161,901,000 | 220,000,000 | 193,696,000 | 268,702,000 | 200,000,000 | 175,000,000 | 140,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
principal payments for debt | -332,500,000 | -132,500,000 | -487,465,000 | -212,535,000 | -418,375,000 | -179,264,000 | -259,377,000 | -488,038,000 | -298,129,000 | -166,658,000 | -222,460,000 | -200,054,000 | -469,105,000 | -61,355,000 | -327,685,000 | -139,265,000 | -287,023,000 | -16,685,000 | |||||||||||||||||||||||||||||||||||||||||||||
other, including customer escrowed funds | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -113,277,000 | 156,900,000 | -490,670,000 | 146,116,000 | 8,934,000 | -8,257,000 | -45,827,000 | -135,332,000 | -122,869,000 | 28,382,000 | -81,949,000 | 2,822,000 | -342,638,000 | 170,967,000 | -84,999,000 | -29,389,000 | -188,799,000 | 54,916,000 | |||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents, and restricted cash | -568,000 | -64,000 | -473,000 | 1,528,000 | 791,000 | -2,384,000 | 1,894,000 | 155,000 | -731,000 | 1,846,000 | -1,018,000 | 549,000 | 765,000 | 2,421,000 | -2,965,000 | -4,693,000 | -48,000 | 372,000 | -2,356,000 | -433,000 | -619,000 | 3,882,000 | |||||||||||||||||||||||||||||||||||||||||
net change in cash, cash equivalents, and restricted cash | 65,172,000 | -80,934,000 | 155,083,000 | -50,562,000 | 33,068,000 | -112,893,000 | 87,962,000 | 29,461,000 | -35,155,000 | 31,404,000 | 30,398,000 | -27,027,000 | -41,107,000 | 23,032,000 | 26,170,000 | -1,343,000 | -90,644,000 | 46,042,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 260,459,000 | 0 | 0 | 235,763,000 | 0 | 0 | 122,091,000 | 0 | 0 | 88,561,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 65,172,000 | 179,525,000 | -50,562,000 | 33,068,000 | 122,870,000 | 29,461,000 | -35,155,000 | 153,495,000 | -6,729,000 | -29,853,000 | 149,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
divestiture-related (gains)/charges | -8,985,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, equipment and capitalized software | 12,280,000 | 12,455,000 | 8,676,000 | 9,834,000 | 11,365,000 | 13,449,000 | 15,405,000 | 14,562,000 | 13,387,000 | 12,912,000 | 12,947,000 | 13,911,000 | 12,739,000 | 10,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
divestiture-related charges | 206,000 | 0 | 1,002,000 | 38,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effects of business combinations and disposals: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisition | 7,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for contingent consideration | 0 | -2,809,000 | -5,349,000 | -2,819,000 | -2,769,000 | -2,621,000 | -2,626,000 | -1,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 136,795,000 | 0 | 0 | 0 | 156,570,000 | 0 | 0 | 0 | 116,492,000 | 0 | 0 | 0 | 356,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 30,398,000 | -27,027,000 | -41,107,000 | 159,827,000 | 26,170,000 | -1,343,000 | -90,644,000 | 202,612,000 | -7,427,000 | -42,754,000 | -22,207,000 | 160,949,000 | 37,523,000 | 24,491,000 | -7,616,000 | 62,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash-collateralized escrow liabilities | -899,000 | 7,398,000 | 3,996,000 | 3,918,000 | 1,204,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of land and building | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of businesses | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | -151,000 | -14,140,000 | -19,442,000 | -1,365,533,000 | -60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of land and building | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effects of business combinations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of a businesses | 1,018,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of businesses | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of land and building | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash movements | 2,517,000 | -47,587,000 | -9,473,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs related to debt financing | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of a business | -12,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of a business | 0 | 0 | 650,000 | 0 | 385,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for debt financing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property and equipment and capitalized software | 10,829,000 | 11,018,000 | 11,817,000 | 17,031,000 | 16,278,000 | 15,900,000 | 15,318,000 | 12,181,000 | 11,176,000 | 11,231,000 | 12,828,000 | 13,355,000 | 13,719,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effects of business combinations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed and billable | -167,592,000 | 119,440,000 | -35,729,000 | 5,784,000 | -94,756,000 | -21,854,000 | -31,016,000 | 47,818,000 | -35,411,000 | -2,830,000 | -69,890,000 | 11,733,000 | 25,859,000 | -44,381,000 | 57,993,000 | -4,657,000 | 14,687,000 | 7,582,000 | -5,304,000 | -29,747,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts receivable — unbilled | -156,929,000 | -57,032,000 | 43,538,000 | 41,362,000 | -82,556,000 | 276,000 | 2,013,000 | -31,354,000 | 36,983,000 | -11,009,000 | 20,198,000 | 5,042,000 | -10,265,000 | 5,535,000 | -3,822,000 | -1,447,000 | -1,998,000 | -705,000 | -2,998,000 | -1,853,000 | -1,162,000 | ||||||||||||||||||||||||||||||||||||||||||
cash flows from operations | -33,039,000 | 181,583,000 | 98,115,000 | 148,509,000 | -13,189,000 | 22,005,000 | 87,267,000 | 93,016,000 | 136,500,000 | 67,871,000 | 59,340,000 | 72,491,000 | 78,701,000 | 37,868,000 | 115,249,000 | 65,708,000 | 71,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment and capitalized software costs | -8,549,000 | -14,490,000 | -9,094,000 | -12,271,000 | -9,314,000 | -8,635,000 | -10,487,000 | -27,813,000 | -20,492,000 | -8,568,000 | -9,973,000 | -4,968,000 | -8,377,000 | -6,661,000 | -6,514,000 | -5,066,000 | -6,113,000 | -5,207,000 | -7,768,000 | -12,288,000 | -14,267,000 | ||||||||||||||||||||||||||||||||||||||||||
cash from investing activities | -1,374,082,000 | -428,271,000 | -9,253,000 | -16,726,000 | -5,837,000 | -11,113,000 | -10,462,000 | -43,177,000 | -20,636,000 | -8,331,000 | -411,739,000 | -4,874,000 | -28,281,000 | -6,680,000 | -6,469,000 | -7,653,000 | -5,196,000 | -5,032,000 | -7,340,000 | -12,160,000 | -13,505,000 | -48,231,000 | -13,207,000 | ||||||||||||||||||||||||||||||||||||||||
borrowings under new credit facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt repayments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities | 1,400,825,000 | 217,454,000 | -31,487,000 | -141,089,000 | -25,422,000 | -29,779,000 | -33,800,000 | -11,258,000 | -91,011,000 | -67,592,000 | 59,002,000 | -8,402,000 | -65,847,000 | -16,661,000 | -970,000 | -17,793,000 | -102,701,000 | -37,781,000 | -57,154,000 | -42,808,000 | -80,783,000 | 38,032,000 | -11,283,000 | ||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -6,729,000 | -29,853,000 | 61,257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings of debt | 352,310,000 | 147,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt | -117,650,000 | -146,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of business combinations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | 85,000 | -4,924,000 | -39,206,000 | -2,606,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,879,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -22,207,000 | 44,457,000 | 24,491,000 | -7,616,000 | -294,465,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities net of effects of business combinations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under credit facility and other loan agreements | 79,773,000 | 258,296,000 | 83,419,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit facility and other long-term debt | -87,715,000 | -104,955,000 | -86,301,000 | -88,545,000 | -75,058,000 | -171,506,000 | -70,033,000 | -1,983,000 | -10,034,000 | -76,596,000 | -48,156,000 | -45,079,000 | -120,074,000 | -104,761,000 | -80,067,000 | -55,383,000 | -84,598,000 | -42,498,000 | -12,721,000 | ||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -3,320,000 | 1,452,000 | -362,000 | 436,000 | -1,068,000 | -2,569,000 | 962,000 | 224,000 | 2,164,000 | 2,200,000 | -3,078,000 | -2,154,000 | -474,000 | -590,000 | -2,409,000 | 2,326,000 | 2,732,000 | 1,815,000 | 1,883,000 | 1,823,000 | 319,000 | 106,000 | |||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, plant, equipment and capitalized software | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of business combinations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities/(purchases) of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock option exercises | 554,000 | 341,000 | 627,000 | 191,000 | 327,000 | 88,000 | 0 | 1,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 120,224,000 | -24,206,000 | 56,322,000 | 30,653,000 | 61,874,000 | 9,516,000 | 25,095,000 | 3,568,000 | 51,619,000 | 38,489,000 | 18,098,000 | -31,066,000 | 20,861,000 | 6,151,000 | 21,683,000 | 2,262,000 | 31,697,000 | -5,578,000 | 39,125,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities excluding acquired assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | -240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings | 0 | 124,948,000 | 195,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of short-term investments | 0 | 19,996,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the citizen engagement centers business | -421,809,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—billed and billable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—unbilled | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of part of noncontrolling interest | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -4,932,000 | -60,949,000 | 0 | -1,038,000 | -5,000 | 0 | -91,000 | -28,767,000 | 0 | -2,197,000 | 0 | -31,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under credit facility | 1,949,000 | 10,000,000 | 65,000,000 | 59,683,000 | 30,000,000 | 20,000,000 | 70,000,000 | 65,000,000 | 10,000,000 | 9,260,000 | 83,493,000 | 47,070,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 166,252,000 | 0 | 0 | 0 | 66,199,000 | 0 | 0 | 0 | 74,672,000 | 0 | 0 | 158,112,000 | 0 | 0 | 125,617,000 | 0 | 0 | 189,312,000 | 0 | 0 | 0 | 172,950,000 | 0 | 0 | 0 | 155,321,000 | 0 | 0 | 0 | 87,815,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 120,224,000 | -24,206,000 | 56,322,000 | 196,905,000 | 61,874,000 | 9,516,000 | 25,095,000 | 69,767,000 | 15,590,000 | -10,174,000 | 9,825,000 | 50,958,000 | -32,658,000 | -34,661,000 | 149,196,000 | 51,619,000 | 10,739,000 | 120,584,000 | 568,000 | 20,205,000 | 167,138,000 | 20,412,000 | -60,637,000 | 38,489,000 | 191,048,000 | -31,066,000 | 20,861,000 | 6,151,000 | 177,004,000 | 2,262,000 | 31,697,000 | -5,578,000 | 126,940,000 | ||||||||||||||||||||||||||||||
expansion of credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities | 71,894,000 | 86,268,000 | 20,498,000 | 1,366,000 | 118,914,000 | 5,472,000 | 56,594,000 | 88,690,000 | 34,514,000 | 41,946,000 | 49,635,000 | 29,314,000 | 9,626,000 | 30,099,000 | 16,023,000 | 41,482,000 | 27,556,000 | 27,461,000 | 33,964,000 | 5,793,000 | 29,642,000 | 48,442,000 | 14,734,000 | 55,021,000 | |||||||||||||||||||||||||||||||||||||||
tax provision due to option exercises and restricted stock units vesting | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -10,174,000 | 9,825,000 | -23,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -2,919,000 | -2,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -9,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized software costs | -992,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note receivable | 84,000 | 124,000 | 122,000 | 160,000 | 196,000 | 39,000 | 115,000 | 113,000 | 112,000 | 60,000 | 0 | 27,000 | 124,000 | 148,000 | 172,000 | 217,000 | |||||||||||||||||||||||||||||||||||||||||||||||
tax benefit due to option exercises and restricted stock units vesting | 0 | 0 | 2,315,000 | 2,365,000 | 3,793,000 | 965,000 | 770,000 | 1,740,000 | 1,769,000 | 1,409,000 | 2,787,000 | 1,031,000 | 1,477,000 | 321,000 | 968,000 | 135,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash provided by/(used in) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -64,000 | 25,000 | 467,000 | -18,000 | 68,000 | 819,000 | 105,000 | -970,000 | -478,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 12,538,000 | 11,737,000 | 12,022,000 | 7,829,000 | 7,959,000 | 9,975,000 | 7,947,000 | 6,968,000 | 5,434,000 | 6,111,000 | 6,366,000 | 5,696,000 | 5,551,000 | 5,232,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash equity based compensation | 4,248,000 | 3,646,000 | 3,587,000 | 3,475,000 | 3,236,000 | 3,208,000 | 2,836,000 | 2,797,000 | 2,549,000 | 2,441,000 | 2,438,000 | 2,057,000 | 1,935,000 | 2,030,000 | 2,088,000 | 1,865,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable — billed | -184,000 | 22,145,000 | 6,404,000 | -4,935,000 | 9,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities — continuing operations | 88,734,000 | 34,582,000 | 41,982,000 | 49,668,000 | 29,375,000 | 10,119,000 | 16,023,000 | 41,482,000 | 27,556,000 | 34,099,000 | 6,005,000 | 30,381,000 | 49,581,000 | 21,403,000 | 48,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities — discontinued operations | 6,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of final psi price | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee tax withholding on restricted stock unit vesting | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of long-term debt | 0 | 0 | 4,000 | 207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of discontinued operations | 0 | 0 | 2,240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred interest income on note receivable | 0 | 84,000 | 118,000 | 61,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of business combinations and divestitures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable—billed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities—discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities—discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee stock transactions | 11,000 | 279,000 | -70,000 | 1,037,000 | 3,684,000 | 4,329,000 | 84,000 | 1,064,000 | 611,000 | 1,004,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related contingent consideration | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 4,528,000 | 7,770,000 | -148,000 | -4,827,000 | 8,339,000 | 3,948,000 | 6,251,000 | 950,000 | 342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities — continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities — discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities — continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities — discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of discontinued operations, net of transaction costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt and capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 1,092,000 | 694,000 | 1,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 3,301,000 | 3,320,000 | 3,132,000 | 3,104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 1,390,000 | 1,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of building | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects from divestitures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from insurance carrier | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash provided by operating activities—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash provided by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (payments) from sales of discontinued operations, net of transaction costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of building, net of transaction costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used in investing activities—discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
price adjustment under accelerated share repurchase agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used in financing activities—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash provided by financing activities—discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used in financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effect of business combinations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in note receivable | 83,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets and capitalized software | 1,436,000 |