MMS FY 2014 Earnings Report — Maximus, Inc. Revenue & Financial Results | Market Cap Arena

Maximus, Inc.MMS

FY 2014 Earnings

Reported November 17, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.3B	—	27.8%
Op. Income	$226M	—	$188M	—	20.1%
Gross Margin	26.6%	—	29.0%	—	-2.4pp
Net Margin	8.6%	—	8.8%	—	-0.2pp
EPS (Diluted)	$2.11	—	$1.67	—	26.3%
Free Cash Flow	$166M	—	$59M	—	183.3%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$452M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$226M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.5B
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$227M
Income Tax Expense	$82M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$49M
EBIT	$227M
EBITDA	$276M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$452M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$226M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.5B
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$227M
Income Tax Expense	$82M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$49M
EBIT	$227M
EBITDA	$276M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$145M
Depreciation & Amortization	$49M
Stock-Based Compensation	$17M
Deferred Income Tax	$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$640.0K
OPERATING CASH FLOW	$214M
Capital Expenditure	-$47M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$429.0K
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$162.0K
Common Stock Repurchased	-$111M
Common Dividends Paid	-$12M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$127M
FREE CASH FLOW	$166M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$169M
Short-Term Investments	$0
Net Receivables	$290M
Inventory	$0
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$532M
PP&E (Net)	$80M
Goodwill	$171M
Intangible Assets	$79M
Long-Term Investments	$0
Tax Assets	$28M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$369M
TOTAL ASSETS	$901M
Account Payables	$103M
Short-Term Debt	$157.0K
Deferred Revenue	$56M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$265M
Long-Term Debt	$1M
Deferred Revenue NC	$32M
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$103M
TOTAL LIABILITIES	$345M
Common Stock	$430M
Additional Paid-In Capital	$0
Retained Earnings	$126M
Treasury Stock	$0
Accum. Other Comp. Income	$230.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$556M
Minority Interest	$223.0K
TOTAL EQUITY	$556M
TOTAL LIABILITIES & EQUITY	$901M
Total Debt	$1M
Net Debt	-$167M