TETRA TECH INC

For the period ended Dec 31, 2023. Filed Feb 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Feb 2, 2024

TTEK$41.09+2.0%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

Consolidated Balance Sheets

(unaudited - in thousands, except par value)

ASSETS	December 31,2023	October 1,2023
Current assets:
Cash and cash equivalents	$198,689	$168,831
Accounts receivable, net	1,040,510	974,535
Contract assets	89,073	113,939
Prepaid expenses and other current assets	125,769	98,719
Total current assets	1,454,041	1,356,024
Property and equipment, net	74,971	74,832
Right-of-use assets, operating leases	179,513	175,932
Goodwill	1,923,146	1,880,244
Intangible assets, net	168,134	173,936
Deferred tax assets	76,210	89,002
Other non-current assets	74,808	70,507
Total assets	$3,950,823	$3,820,477
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$207,062	$173,271
Accrued compensation	222,686	302,755
Contract liabilities	382,862	335,044
Short-term lease liabilities, operating leases	68,091	65,005
Current contingent earn-out liabilities	37,556	51,108
Other current liabilities	242,738	280,959
Total current liabilities	1,160,995	1,208,142
Deferred tax liabilities	11,620	14,256
Long-term debt	945,319	879,529
Long-term lease liabilities, operating leases	139,537	144,685
Non-current contingent earn-out liabilities	18,048	22,314
Other non-current liabilities	137,617	148,045
Commitments and contingencies (Note 17)
Equity:
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at December 31, 2023 and October 1, 2023	—	—
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,466 and 53,248 shares at December 31, 2023 and October 1, 2023, respectively	534	532
Additional paid-in capital	9,979	—
Accumulated other comprehensive loss	(132,202)	(195,295)
Retained earnings	1,659,295	1,598,196
Tetra Tech stockholders’ equity	1,537,606	1,403,433
Noncontrolling interests	81	73
Total stockholders' equity	1,537,687	1,403,506
Total liabilities and stockholders' equity	$3,950,823	$3,820,477

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.