TETRA TECH INC

For the period ended Mar 31, 2024. Filed May 3, 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.

Mar 31, 2024 · Filed May 3, 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	March 31,2024	October 1,2023
Current assets:
Cash and cash equivalents	$210,294	$168,831
Accounts receivable, net	1,037,883	974,535
Contract assets	102,991	113,939
Prepaid expenses and other current assets	128,753	98,719
Total current assets	1,479,921	1,356,024
Property and equipment, net	72,897	74,832
Right-of-use assets, operating leases	181,948	175,932
Goodwill	1,977,688	1,880,244
Intangible assets, net	175,611	173,936
Deferred tax assets	87,561	89,002
Other non-current assets	94,948	70,507
Total assets	$4,070,574	$3,820,477
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$215,644	$173,271
Accrued compensation	251,035	302,755
Contract liabilities	373,682	335,044
Short-term lease liabilities, operating leases	70,793	65,005
Current contingent earn-out liabilities	46,959	51,108
Other current liabilities	235,821	280,959
Total current liabilities	1,193,934	1,208,142
Deferred tax liabilities	17,647	14,256
Long-term debt	951,031	879,529
Long-term lease liabilities, operating leases	139,364	144,685
Non-current contingent earn-out liabilities	27,620	22,314
Other non-current liabilities	156,128	148,045
Commitments and contingencies (Note 18)
Equity:
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 31, 2024 and October 1, 2023	—	—
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,497 and 53,248 shares at March 31, 2024 and October 1, 2023, respectively	535	532
Additional paid-in capital	18,972	—
Accumulated other comprehensive loss	(156,546)	(195,295)
Retained earnings	1,721,833	1,598,196
Tetra Tech stockholders’ equity	1,584,794	1,403,433
Noncontrolling interests	56	73
Total stockholders' equity	1,584,850	1,403,506
Total liabilities and stockholders' equity	$4,070,574	$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.