Tetra Tech, Inc. (TTEK) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
3475 EAST FOOTHILL BOULEVARD PASADENA, CA 91107 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 185 | 206 | 167 | 158 | 121 | 146 | 190 | ||
| Cash and cash equivalents | 185 | 206 | 167 | 158 | 121 | 146 | 190 | ||
| Receivables | 765 | 706 | 683 | 669 | 783 | 848 | 802 | ||
| Contract with customer, asset | 92 | 98 | 104 | 93 | 114 | ✕ | |||
| Other undisclosed current assets | 115 | 103 | 112 | 81 | 62 | 56 | 50 | ||
| Total current assets: | 1,158 | 1,113 | 1,066 | 1,000 | 1,080 | 1,050 | 1,042 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 182 | 212 | 215 | 239 | ✕ | ✕ | |||
| Property, plant and equipment | 32 | 35 | 38 | 36 | 39 | 43 | 57 | ||
| Long-term investments and receivables | 5 | 4 | 3 | 7 | 7 | 3 | 3 | ||
| Long-term investments | 5 | 4 | 3 | 7 | 7 | 3 | 3 | ||
| Intangible assets, net (including goodwill) | 1,140 | 1,160 | 1,147 | 1,007 | 941 | 815 | 768 | ||
| Goodwill | 1,110 | 1,123 | 1,109 | 993 | 925 | 799 | 741 | ||
| Intangible assets, net (excluding goodwill) | 29 | 37 | 38 | 14 | 16 | 16 | 27 | ||
| Deferred income tax assets | 48 | 59 | 54 | 32 | 28 | ✕ | ✕ | ||
| Other noncurrent assets | 58 | 57 | 53 | 57 | 52 | 39 | 32 | ||
| Other undisclosed noncurrent assets | 9 | 2 | |||||||
| Total noncurrent assets: | 1,465 | 1,527 | 1,511 | 1,379 | 1,068 | 909 | 861 | ||
| TOTAL ASSETS: | 2,623 | 2,640 | 2,577 | 2,379 | 2,147 | 1,959 | 1,903 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 385 | 309 | 335 | 312 | 410 | 340 | 321 | ||
| Accounts payable | 147 | 143 | 129 | 112 | 207 | 160 | 178 | ||
| Employee-related liabilities | 238 | 166 | 206 | 200 | 203 | 180 | 143 | ||
| Deferred revenue | 241 | 220 | 190 | 172 | 166 | ✕ | ✕ | ||
| Debt | 13 | 17 | 13 | 49 | 13 | 13 | 16 | ||
| Provision for loss on contracts | 10 | 14 | 13 | 13 | 14 | ||||
| Business combination, contingent consideration, liability | 29 | 22 | 20 | 16 | 25 | 14 | |||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 117 | ||
| Other liabilities | 190 | 217 | 224 | 175 | 157 | 108 | 82 | ||
| Other undisclosed current liabilities | 48 | 51 | 55 | 56 | 130 | 2 | |||
| Total current liabilities: | 916 | 849 | 848 | 793 | 770 | 618 | 538 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 393 | 420 | 374 | 434 | 264 | 265 | 341 | ||
| Long-term debt, excluding current maturities | 246 | 247 | 200 | 242 | |||||
| Operating lease, liability | 146 | 173 | 174 | 192 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 264 | 265 | 341 | ||||||
| Liabilities, other than long-term debt | 131 | 134 | 120 | 113 | 124 | 79 | 76 | ||
| Deferred compensation liability, classified | 25 | ||||||||
| Deferred income tax liabilities | 15 | 14 | 11 | 16 | 13 | ✕ | ✕ | ||
| Other liabilities | 79 | 76 | 69 | 81 | 83 | 58 | 51 | ||
| Business combination, contingent consideration, liability | 37 | 44 | 40 | 16 | 28 | 22 | |||
| Other undisclosed noncurrent liabilities | 30 | 19 | |||||||
| Total noncurrent liabilities: | 524 | 553 | 494 | 548 | 388 | 374 | 436 | ||
| Total liabilities: | 1,440 | 1,403 | 1,342 | 1,341 | 1,158 | 992 | 974 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,183 | 1,238 | 1,234 | 1,037 | 989 | 967 | 928 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 78 | 149 | 194 | ||||||
| Accumulated other comprehensive loss | (208) | (123) | (125) | (162) | (161) | (127) | (99) | ||
| Retained earnings | 1,391 | 1,360 | 1,359 | 1,199 | 1,071 | 945 | 833 | ||
| Stockholders' equity attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 1,183 | 1,238 | 1,234 | 1,037 | 989 | 967 | 929 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,623 | 2,640 | 2,577 | 2,379 | 2,147 | 1,959 | 1,903 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,504 | 3,307 | 3,214 | 2,995 | 3,107 | 2,964 | 2,753 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,753 | |
| Cost of revenue (Other Cost of Operating Revenue) | (1,816) | (1,680) | ||||||
| Other undisclosed gross profit | (2,928) | (2,785) | (2,715) | (2,548) | (2,699) | (763) | (719) | |
| Gross profit: | 576 | 522 | 498 | 447 | 408 | 384 | 354 | |
| Operating expenses | (16) | (8) | ||||||
| Other undisclosed operating loss | (235) | (222) | (220) | (190) | (212) | (194) | (170) | |
| Operating income: | 340 | 300 | 279 | 241 | 189 | 190 | 183 | |
| Nonoperating income | 22 | 1 | 1 | 2 | 2 | 1 | ||
| Investment income, nonoperating | 2 | 1 | 1 | 2 | 2 | 1 | ||
| Other nonoperating income | 20 | |||||||
| Interest and debt expense | (13) | (13) | (14) | (15) | (17) | (12) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (12) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 349 | 288 | 267 | 228 | 175 | 175 | 172 | |
| Income from equity method investments | 7 | 5 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 0 | (7) | (5) | |||||
| Income from continuing operations before income taxes: | 349 | 288 | 267 | 228 | 175 | 175 | 172 | |
| Income tax expense | (86) | (39) | (34) | (54) | (16) | (38) | (54) | |
| Net income: | 263 | 249 | 233 | 174 | 159 | 137 | 118 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, diluted: | 263 | 249 | 233 | 174 | 159 | 137 | 118 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 263 | 249 | 233 | 174 | 159 | 137 | 118 | |
| Other comprehensive income (loss) | (83) | 5 | 37 | 30 | ||||
| Other undisclosed comprehensive loss | (1) | (33) | (29) | |||||
| Comprehensive income: | 180 | 254 | 270 | 173 | 126 | 108 | 147 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Comprehensive income, net of tax, attributable to parent: | 180 | 254 | 270 | 173 | 125 | 108 | 147 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.