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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 30, 2025
Sep. 29, 2024
Current assets:    
Cash and cash equivalents $ 179,433 $ 232,689
Accounts receivable, net 1,223,214 1,051,461
Contract assets 134,106 129,678
Prepaid expenses and other current assets 129,425 113,555
Total current assets 1,666,178 1,527,383
Property and equipment, net 66,048 73,065
Right-of-use assets, operating leases 185,499 177,950
Goodwill 1,913,134 2,046,569
Intangible assets, net 136,784 160,585
Deferred tax assets 106,137 105,529
Other non-current assets 110,524 101,595
Total assets 4,184,304 4,192,676
Current liabilities:    
Accounts payable 262,300 197,440
Accrued compensation 242,017 332,096
Contract liabilities 373,591 351,738
Short-term lease liabilities, operating leases 65,870 63,419
Current portion of long-term debt 250,000 0
Current contingent earn-out liabilities 20,497 26,934
Other current liabilities 302,240 247,900
Total current liabilities 1,516,515 1,219,527
Deferred tax liabilities 27,193 30,162
Long-term debt 764,189 812,634
Long-term lease liabilities, operating leases 143,242 140,095
Non-current contingent earn-out liabilities 10,773 21,812
Other non-current liabilities 148,611 138,033
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 30, 2025 and September 29, 2024 0 0
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 263,503 and 267,717 shares at March 30, 2025 and September 29, 2024, respectively 2,635 2,677
Additional paid-in capital 0 35,900
Accumulated other comprehensive loss (153,180) (78,875)
Retained earnings 1,724,203 1,870,620
Tetra Tech stockholders’ equity 1,573,658 1,830,322
Noncontrolling interests 123 91
Total stockholders' equity 1,573,781 1,830,413
Total liabilities and stockholders' equity $ 4,184,304 $ 4,192,676