MAXIMUS INC

For the period ended Sep 30, 2024. Filed Nov 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 21, 2024

MMS$65.64+0.2%Stored close · as of Nov 9, 2026

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Contents

10. Leases

LEASES

Table 10.1: Details of Lease Costs
	For the Year Ended September 30,
	2024	2023	2022
(in thousands)
Operating lease cost	$69,071	$76,630	$90,423
Short-term lease cost	8,699	7,729	11,642
Variable lease cost	11,057	12,417	12,032
Total operating lease costs	$88,827	$96,776	$114,097

Table 10.2: Future Minimum Lease Payments Under Non-cancelable Operating Leases
	Office Space	Equipment	Total
(in thousands)
Year ended September 30, 2025	$53,928	$985	$54,913
Year ended September 30, 2026	40,612	156	40,768
Year ended September 30, 2027	33,346	33	33,379
Year ended September 30, 2028	23,807	5	23,812
Year ended September 30, 2029	5,013	—	5,013
Thereafter	3,003	—	3,003
Total minimum lease payments	159,709	1,179	160,888
Less: Imputed interest	(15,894)	(117)	(16,011)
Total lease liabilities	$143,815	$1,062	$144,877

Our weighted average remaining lease term as of September 30, 2024, is 3.4 years.

For the years ended September 30, 2024, September 30, 2023, and September 30, 2022, we made cash payments of $75.3 million, $77.6 million, and $86.5 million for amounts included in our lease liabilities, respectively. New or amended leases resulted in additional right-of-use assets of $27.7 million, $109.4 million, and $43.5 million for the same periods, respectively.

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