TETRA TECH INC

For the period ended Jun 30, 2024. Filed Aug 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.

Jun 30, 2024 · Filed Aug 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	June 30,2024	October 1,2023
Current assets:
Cash and cash equivalents	$212,321	$168,831
Accounts receivable, net	1,053,758	974,535
Contract assets	118,556	113,939
Prepaid expenses and other current assets	121,846	98,719
Total current assets	1,506,481	1,356,024
Property and equipment, net	70,694	74,832
Right-of-use assets, operating leases	167,317	175,932
Goodwill	1,992,110	1,880,244
Intangible assets, net	164,459	173,936
Deferred tax assets	89,510	89,002
Other non-current assets	94,334	70,507
Total assets	$4,084,905	$3,820,477
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$198,341	$173,271
Accrued compensation	317,457	302,755
Contract liabilities	372,283	335,044
Short-term lease liabilities, operating leases	65,932	65,005
Current contingent earn-out liabilities	47,407	51,108
Other current liabilities	244,842	280,959
Total current liabilities	1,246,262	1,208,142
Deferred tax liabilities	17,254	14,256
Long-term debt	861,830	879,529
Long-term lease liabilities, operating leases	128,892	144,685
Non-current contingent earn-out liabilities	22,876	22,314
Other non-current liabilities	141,588	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 June 30, 2024 and October 1, 2023	—	—
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,532 and 53,248 shares at June 30, 2024 and October 1, 2023, respectively	535	532
Additional paid-in capital	28,171	—
Accumulated other comprehensive loss	(154,689)	(195,295)
Retained earnings	1,792,121	1,598,196
Tetra Tech stockholders’ equity	1,666,138	1,403,433
Noncontrolling interests	65	73
Total stockholders' equity	1,666,203	1,403,506
Total liabilities and stockholders' equity	$4,084,905	$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.