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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2024
Sep. 29, 2024
Current assets:    
Cash and cash equivalents $ 248,104 $ 232,689
Accounts receivable, net 1,117,666 1,051,461
Contract assets 122,310 129,678
Prepaid expenses and other current assets 143,768 113,555
Total current assets 1,631,848 1,527,383
Property and equipment, net 67,102 73,065
Right-of-use assets, operating leases 172,080 177,950
Goodwill 1,968,684 2,046,569
Intangible assets, net 142,097 160,585
Deferred tax assets 96,916 105,529
Other non-current assets 100,457 101,595
Total assets 4,179,184 4,192,676
Current liabilities:    
Accounts payable 238,157 197,440
Accrued compensation 222,549 332,096
Contract liabilities 359,957 351,738
Short-term lease liabilities, operating leases 61,184 63,419
Current contingent earn-out liabilities 24,153 26,934
Other current liabilities 361,345 247,900
Total current liabilities 1,267,345 1,219,527
Deferred tax liabilities 24,902 30,162
Long-term debt 888,450 812,634
Long-term lease liabilities, operating leases 134,759 140,095
Non-current contingent earn-out liabilities 22,007 21,812
Other non-current liabilities 149,702 138,033
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at December 29, 2024 and September 29, 2024 0 0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 268,028 and 267,717 shares at December 29, 2024 and September 29, 2024, respectively 2,680 2,677
Additional paid-in capital 21,153 35,900
Accumulated other comprehensive loss (187,754) (78,875)
Retained earnings 1,855,818 1,870,620
Tetra Tech stockholders’ equity 1,691,897 1,830,322
Noncontrolling interests 122 91
Total stockholders' equity 1,692,019 1,830,413
Total liabilities and stockholders' equity $ 4,179,184 $ 4,192,676