Tetra tech, inc. (TTEK)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Sep'09
ASSETS
Current assets:
Cash and cash equivalents

134,981

110,833

120,732

111,231

130,728

66,502

146,185

214,040

203,177

173,025

189,975

138,772

171,340

126,981

160,459

153,918

113,667

125,088

135,326

175,183

98,518

98,890

122,379

188,872

167,225

160,796

129,305

146,335

159,575

151,604

104,848

140,665

106,027

105,720

90,494

98,366

90,941

81,546

220,933

120,294

89,185

Accounts receivable, net

660,579

735,128

768,720

728,999

629,597

685,669

694,221

847,211

863,219

846,201

788,767

731,291

714,471

750,784

714,336

700,846

681,123

593,968

636,030

633,544

666,013

667,425

701,892

674,447

656,481

642,897

660,847

632,220

687,120

674,894

700,480

697,210

642,420

664,970

657,179

669,131

598,908

600,312

566,642

517,240

506,316

Contract assets

109,166

111,115

114,324

145,672

157,918

126,545

142,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

76,602

82,745

62,196

123,816

71,999

62,641

56,003

60,115

65,102

65,856

49,969

56,920

50,140

53,740

46,262

51,957

56,533

57,198

42,125

48,178

48,657

53,040

52,256

49,939

52,325

51,212

61,446

46,433

53,167

48,521

48,168

49,060

62,325

71,351

84,612

53,022

53,435

59,187

49,889

51,051

55,167

Income taxes receivable

20,612

10,483

13,820

6,756

8,178

10,185

11,089

12,577

18,406

5,589

13,312

35,294

7,125

22,497

14,371

25,875

23,223

13,483

10,294

13,562

18,392

25,338

22,076

17,570

13,727

25,346

20,044

25,635

21,294

18,869

5,817

11,827

11,922

4,262

6,817

9,392

8,033

16,926

7,249

7,613

5,222

Total current assets

1,001,940

1,050,304

1,079,792

1,116,474

998,420

951,542

1,050,380

1,133,943

1,149,904

1,090,671

1,042,023

962,277

943,076

954,002

935,428

932,596

874,546

789,737

823,775

870,467

831,580

844,693

898,603

930,828

889,758

880,251

871,642

850,623

921,156

893,888

859,313

898,762

822,694

846,303

839,102

829,911

751,317

757,971

844,713

696,198

655,890

Land and buildings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,729

11,729

11,723

-

11,711

10,555

Equipment, furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159,327

157,150

151,913

-

137,051

126,249

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,888

23,425

22,587

-

14,278

13,740

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194,944

192,304

186,223

-

163,040

150,544

Accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114,393

108,409

101,845

-

92,381

79,616

Property and equipment, net

35,486

40,438

39,441

40,072

41,660

41,795

43,278

44,719

55,495

56,929

56,835

59,423

61,319

63,302

67,827

71,588

74,314

61,295

64,906

68,602

65,107

70,661

73,864

78,208

80,352

83,711

88,026

87,376

93,192

71,591

74,309

76,531

72,393

75,307

77,536

80,551

83,895

84,378

79,383

70,659

70,928

Right-of-use assets, operating leases

262,678

223,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in unconsolidated joint ventures

7,345

7,172

6,873

7,655

3,536

2,904

3,370

2,560

3,167

2,419

2,700

2,852

2,239

1,964

2,064

1,869

2,011

1,824

1,886

2,090

2,159

1,936

2,140

1,938

2,494

2,406

2,198

2,733

3,586

2,959

3,279

3,255

3,550

3,410

3,454

3,427

3,273

3,067

140

-

-

Goodwill

944,718

937,068

924,820

851,621

827,676

782,564

798,820

795,752

809,690

763,455

740,886

729,338

721,762

709,739

717,988

727,773

716,244

594,004

601,379

684,909

671,397

698,833

714,190

722,583

709,502

719,527

722,792

710,321

777,739

644,149

635,958

627,181

584,141

577,406

569,414

564,126

561,237

535,125

394,422

342,502

319,685

Intangible assets, net

14,859

14,081

16,440

10,438

11,698

11,984

16,123

15,378

20,847

24,533

26,688

31,795

37,313

42,167

48,962

51,991

58,233

35,663

40,332

49,197

49,062

55,889

63,095

66,115

70,983

78,686

86,929

94,754

106,859

78,690

74,231

80,489

68,875

74,569

81,053

71,703

78,479

75,505

45,995

29,806

33,769

Deferred tax assets

24,073

27,827

28,385

30,572

30,581

8,448

8,607

6,201

8,588

0

1,763

2,238

1,091

1,016

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

52,051

51,733

51,657

39,591

38,294

35,652

38,843

35,277

35,102

32,980

31,850

31,801

31,569

28,233

27,880

28,512

27,566

44,971

26,964

28,257

24,642

24,124

24,512

24,548

23,943

24,092

27,505

25,705

25,402

23,698

23,940

23,401

24,431

23,632

23,429

22,109

21,984

19,279

17,036

16,491

17,633

Total assets

2,343,150

2,352,553

2,147,408

2,096,423

1,951,865

1,834,889

1,959,421

2,033,830

2,082,793

1,970,987

1,902,745

1,819,724

1,798,369

1,800,423

1,800,779

1,814,329

1,752,914

1,527,494

1,559,242

1,703,522

1,643,947

1,696,136

1,776,404

1,824,220

1,777,032

1,788,673

1,799,092

1,771,512

1,927,934

1,714,975

1,671,030

1,709,619

1,576,084

1,600,627

1,593,988

1,571,827

1,500,185

1,475,325

1,381,689

1,155,656

1,097,905

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable

120,587

140,228

206,609

179,197

135,393

119,363

160,222

131,752

155,257

144,628

177,638

156,556

143,453

136,165

158,773

155,083

130,473

119,922

150,284

141,011

136,319

116,571

175,952

173,024

153,597

137,373

142,813

133,092

148,136

131,354

154,003

165,481

141,426

145,595

164,819

184,391

136,260

151,528

166,450

152,856

149,352

Accrued compensation

161,494

124,286

203,384

160,777

156,079

111,196

180,153

144,119

140,426

100,833

143,408

116,606

117,107

92,300

129,184

117,867

96,864

91,633

103,866

113,346

89,423

96,838

110,186

115,730

93,511

101,267

114,810

118,737

97,881

104,391

128,086

122,382

97,160

101,933

110,937

120,467

94,948

90,819

93,243

72,616

88,793

Contract liabilities

189,741

203,818

165,611

147,549

154,609

155,585

143,270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term lease liabilities, operating leases

70,594

70,958

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

56

1,877

17,349

8,272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note

-

-

-

-

24,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs on uncompleted contracts

-

-

-

-

-

-

-

163,696

144,327

132,930

117,499

125,603

114,341

112,695

88,223

93,401

92,125

96,188

93,989

92,951

95,270

106,882

103,343

79,160

85,970

92,179

79,507

85,352

79,131

94,511

90,909

94,659

85,086

93,571

84,754

83,907

75,601

78,557

79,401

87,883

105,162

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,797

24,986

16,953

20,787

26,373

21,778

19,916

20,387

25,120

19,722

19,952

18,170

9,642

19,550

18,965

20,809

20,490

18,879

20,768

22,870

18,145

12,407

23,172

21,851

17,471

9,645

Current portion of long-term debt

12,525

12,546

12,572

12,526

12,551

12,573

12,599

18,737

15,466

15,511

15,588

15,543

18,587

15,483

15,510

15,498

17,066

13,041

11,904

10,708

10,805

10,907

10,989

8,441

8,532

6,012

4,311

4,043

1,730

1,856

2,031

2,253

2,249

2,259

2,556

2,830

4,383

4,284

5,002

5,174

4,320

Current contingent earn-out liabilities

29,605

22,825

24,977

21,479

20,026

14,227

13,633

12,134

11,669

7,868

2,024

2,649

1,708

4,391

4,296

5,590

4,658

1,122

609

603

-

6,786

3,568

8,673

27,265

24,380

23,281

24,178

29,699

20,089

35,407

48,293

40,687

54,487

64,119

27,512

35,569

25,942

10,513

-

-

Other current liabilities

151,209

137,815

156,801

125,313

119,219

101,673

99,944

92,645

92,863

82,146

81,511

72,054

70,062

67,611

85,100

101,340

109,499

64,694

69,003

69,905

73,499

78,467

79,436

68,031

71,430

74,216

100,241

87,177

69,884

66,698

72,549

76,864

79,197

85,774

81,654

74,112

77,474

81,834

90,747

73,171

74,964

Total current liabilities

735,755

712,476

769,954

646,897

624,442

531,966

618,093

563,083

560,008

483,916

537,668

489,011

465,258

428,645

481,086

513,576

475,671

403,553

450,442

454,897

427,094

436,367

503,861

478,179

460,027

455,379

483,133

462,221

446,011

437,864

503,794

530,422

464,684

504,387

531,709

511,364

436,642

456,136

467,207

409,171

432,236

Deferred tax liabilities

12,908

13,134

12,971

24,890

25,622

27,331

30,166

41,687

45,740

39,240

43,781

53,671

46,291

63,470

60,348

35,876

31,759

39,177

34,759

31,279

27,287

33,483

28,786

26,480

27,237

29,514

30,525

26,738

38,631

33,883

24,268

24,542

28,269

30,194

25,394

27,663

33,955

29,602

12,506

8,816

4,615

Long-term debt

333,041

322,496

263,949

324,074

231,332

247,581

264,712

418,950

463,544

432,431

341,283

310,270

326,862

372,721

331,501

349,210

343,145

177,021

180,972

225,513

228,007

190,116

192,842

195,501

198,219

200,859

203,438

208,396

264,047

147,808

81,047

140,539

107,901

134,570

144,868

112,744

141,653

142,122

122,510

4,297

6,530

Long-term lease liabilities, operating leases

212,229

172,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term contingent earn-out liabilities

23,323

21,598

28,015

30,844

25,869

14,804

21,657

19,081

18,443

13,218

414

807

1,684

4,461

4,461

6,176

6,162

3,088

3,560

3,524

-

-

3,462

22,830

21,823

56,114

58,508

68,140

71,803

-

16,132

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

75,656

83,963

83,055

53,925

53,995

58,904

57,693

54,736

54,830

55,061

50,975

50,931

55,406

58,382

53,980

45,620

46,027

60,714

32,711

33,890

38,655

39,122

34,397

35,069

27,803

28,565

24,685

29,061

29,749

44,214

25,922

45,963

35,728

37,419

36,767

51,951

50,508

51,198

31,333

12,785

8,046

Commitments and contingencies (Note 16)

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

Equity:
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 29, 2020 and September 29, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 54,142 and 54,565 shares at March 29, 2020 and September 29, 2019, respectively

541

547

546

547

549

553

553

553

557

560

559

568

572

572

570

575

581

589

594

602

603

622

626

643

650

647

641

648

649

644

638

636

634

627

625

625

623

620

618

617

613

Additional paid-in capital

10,473

60,747

78,132

94,292

111,277

130,753

148,803

144,470

161,387

175,293

193,835

229,803

256,063

257,417

260,340

276,242

291,500

310,662

326,593

344,833

346,863

390,214

402,516

447,864

464,354

456,514

443,099

457,480

457,428

443,437

433,009

425,178

418,667

404,896

399,420

389,634

384,659

374,666

368,865

366,151

350,571

Accumulated other comprehensive loss

-199,391

-145,015

-160,584

-147,078

-148,217

-154,693

-127,350

-131,738

-118,044

-101,901

-98,500

-119,232

-133,419

-143,194

-128,008

-124,038

-132,566

-158,545

-143,171

-100,310

-112,620

-67,587

-42,538

-16,588

-35,449

-19,413

1,858

-9,021

13,377

25,539

31,017

17,693

24,711

15,380

4,754

40,159

38,275

25,937

18,763

17,073

12,226

Retained earnings

1,138,485

1,110,312

1,071,192

1,067,851

1,026,836

977,543

944,965

922,806

896,146

873,004

832,559

803,725

779,481

757,776

736,357

710,409

689,911

690,837

672,309

708,833

687,437

672,677

651,475

633,339

611,188

579,480

552,165

526,964

605,349

580,530

554,306

523,874

494,820

472,536

449,926

423,526

399,688

382,188

359,887

336,746

283,068

Tetra Tech stockholders’ equity

950,108

1,026,591

989,286

1,015,612

990,445

954,156

966,971

936,091

940,046

946,956

928,453

914,864

902,697

872,571

869,259

863,188

849,426

843,543

856,325

953,958

922,283

995,926

1,012,079

1,065,258

1,040,743

1,017,228

997,763

976,071

1,076,803

1,050,150

1,018,970

967,381

938,832

893,439

854,725

853,944

823,245

783,411

748,133

-

-

Noncontrolling interests

130

174

178

181

160

147

129

202

182

165

171

170

171

173

144

683

724

398

473

461

621

1,122

977

903

1,180

1,014

1,040

885

890

1,056

897

772

670

618

525

14,161

14,182

12,856

-

-

-

Total stockholders' equity

950,238

1,026,765

989,464

1,015,793

990,605

954,303

967,100

936,293

940,228

947,121

928,624

915,034

902,868

872,744

869,403

863,871

850,150

843,941

856,798

954,419

922,904

997,048

1,013,056

1,066,161

1,041,923

1,018,242

998,803

976,956

1,077,693

1,051,206

1,019,867

968,153

939,502

894,057

855,250

868,105

837,427

796,267

748,133

720,587

646,478

Total liabilities and stockholders' equity

2,343,150

2,352,553

2,147,408

2,096,423

1,951,865

1,834,889

1,959,421

2,033,830

2,082,793

1,970,987

1,902,745

1,819,724

1,798,369

1,800,423

1,800,779

1,814,329

1,752,914

1,527,494

1,559,242

1,703,522

1,643,947

1,696,136

1,776,404

1,824,220

1,777,032

1,788,673

1,799,092

1,771,512

1,927,934

1,714,975

1,671,030

1,709,619

1,576,084

1,600,627

1,593,988

1,571,827

1,500,185

1,475,325

1,381,689

1,155,656

1,097,905