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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents to 2024 Form 10-K

	SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS	4
Part I.		5
Item 1.	Business	5
Item 1A.	Risk Factors	15
Item 1B.	Unresolved Staff Comments	25
Item 1C.	Cybersecurity	26
Item 2.	Properties	28
Item 3.	Legal Proceedings	28
Item 4.	Mine Safety Disclosures	28
Part II.		29
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	29
Item 6.	[Reserved]	30
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations	31
	Business Overview	31
	Financial Overview	31
	Results of Operations	32
	Backlog	37
	Liquidity and Capital Resources	37
	Critical Accounting Policies and Estimates	42
	Non-GAAP and Other Measures	43
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	45
Item 8.	Financial Statements and Supplementary Data	46
	Report of Independent Registered Public Accounting Firm (PCAOB ID: 42)	46
	Consolidated Statements of Operations	48
	Consolidated Statements of Comprehensive Income	49
	Consolidated Balance Sheets	50
	Consolidated Statements of Cash Flows	51
	Consolidated Statements of Changes in Shareholders' Equity	52
	Notes to the Consolidated Financial Statements	53
	1. Organization	53
	2. Significant Accounting Policies	53
	3. Business Segments	59
	4. Revenue Recognition	61
	5. Earnings Per Share	63
	6. Debt and Derivatives	64
	7. Acquisitions and Divestitures	66
	8. Goodwill and Intangibles	67
	9. Fair Value Measurements	68
	10. Leases	70
	11. Income Taxes	71
	12. Equity	74
	13. Cash and Cash Equivalents and Restricted Cash	75

Table of Contents to 2024 Form 10-K (continued)

	14. Other Balance Sheet Components	75
	15. Commitments and Contingencies	77
	16. Employee Benefit Plans and Deferred Compensation	79
	17. Subsequent Events	79
Item 9.	Changes in and Disagreement with Accountants on Accounting and Financial Disclosure	80
Item 9A.	Controls and Procedures	80
Item 9B.	Other Information	82
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	82
Part III.		83
Item 10.	Directors, Executive Officers and Corporate Governance	83
Item 11.	Executive Compensation	83
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	83
Item 13.	Certain Relationships and Related Transactions, and Director Independence	83
Item 14.	Principal Accountant Fees and Services	83
Part IV.		84
Item 15.	Exhibits and Financial Statement Schedules	84
	Signatures	87

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.