$TTEK
TETRA TECH INC

2024 Q2 Form 10-Q Financial Statement

#000083164124000029 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.344B $1.252B
YoY Change 16.07% 39.88%
Cost Of Revenue $886.4M $845.1M
YoY Change 10.98% 44.88%
Gross Profit $223.2M $207.5M
YoY Change 30.63% 35.4%
Gross Profit Margin 16.6% 16.58%
Selling, General & Admin $94.04M $89.81M
YoY Change 14.2% 58.95%
% of Gross Profit 42.14% 43.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.700M $5.600M
YoY Change 18.75% -15.36%
% of Gross Profit 2.55% 2.7%
Operating Expenses $94.54M $89.81M
YoY Change 5.17% 56.37%
Operating Profit $128.6M $117.7M
YoY Change 110.83% 27.85%
Interest Expense -$9.912M -$9.883M
YoY Change -25.6% 83.97%
% of Operating Profit -7.71% -8.4%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $118.7M $107.8M
YoY Change 71.82% -30.3%
Income Tax $32.89M $31.34M
% Of Pretax Income 27.71% 29.07%
Net Earnings $85.82M $76.46M
YoY Change 100.33% -34.49%
Net Earnings / Revenue 6.38% 6.11%
Basic Earnings Per Share $1.60 $1.43
Diluted Earnings Per Share $1.59 $1.42
COMMON SHARES
Basic Shares Outstanding 53.50M shares 53.47M shares
Diluted Shares Outstanding 54.05M shares 53.88M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.3M $210.3M
YoY Change -8.24% 27.92%
Cash & Equivalents $212.3M $210.3M
Short-Term Investments
Other Short-Term Assets $121.8M $128.8M
YoY Change -3.53% -33.51%
Inventory
Prepaid Expenses
Receivables $1.054B $1.038B
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.506B $1.480B
YoY Change 2.57% 19.85%
LONG-TERM ASSETS
Property, Plant & Equipment $70.69M $72.90M
YoY Change -7.69% 108.93%
Goodwill $1.992B $1.978B
YoY Change 7.31% 74.51%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $94.33M $94.95M
YoY Change 26.58% 42.92%
Total Long-Term Assets $2.578B $2.591B
YoY Change 2.47% 73.09%
TOTAL ASSETS
Total Short-Term Assets $1.506B $1.480B
Total Long-Term Assets $2.578B $2.591B
Total Assets $4.085B $4.071B
YoY Change 2.51% 49.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $198.3M $215.6M
YoY Change -15.83% 42.57%
Accrued Expenses $383.4M $321.8M
YoY Change 32.72% 33.94%
Deferred Revenue $372.3M $373.7M
YoY Change 15.79% 36.32%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.246B $1.194B
YoY Change 6.25% 37.14%
LONG-TERM LIABILITIES
Long-Term Debt $861.8M $951.0M
YoY Change -19.08% 306.22%
Other Long-Term Liabilities $141.6M $156.1M
YoY Change 12.57% 80.21%
Total Long-Term Liabilities $1.003B $1.107B
YoY Change -15.73% 245.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.246B $1.194B
Total Long-Term Liabilities $1.003B $1.107B
Total Liabilities $2.250B $2.301B
YoY Change -4.83% 93.15%
SHAREHOLDERS EQUITY
Retained Earnings $1.792B $1.722B
YoY Change 17.45% 15.16%
Common Stock $28.71M $19.51M
YoY Change 156.97% 411.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.666B $1.585B
YoY Change
Total Liabilities & Shareholders Equity $4.085B $4.071B
YoY Change 2.51% 49.02%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $85.82M $76.46M
YoY Change 100.33% -34.49%
Depreciation, Depletion And Amortization $5.700M $5.600M
YoY Change 18.75% -15.36%
Cash From Operating Activities $140.9M $102.9M
YoY Change 60.27% 308.62%
INVESTING ACTIVITIES
Capital Expenditures $3.861M $4.007M
YoY Change -27.12% -19.8%
Acquisitions
YoY Change
Other Investing Activities -$21.29M -$71.72M
YoY Change -97.14% -140727.45%
Cash From Investing Activities -$25.15M -$75.73M
YoY Change -96.65% 1431.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.1M -12.76M
YoY Change -115.65% -69.82%
NET CHANGE
Cash From Operating Activities 140.9M 102.9M
Cash From Investing Activities -25.15M -75.73M
Cash From Financing Activities -113.1M -12.76M
Net Change In Cash 2.691M 14.45M
YoY Change -95.55% -208.43%
FREE CASH FLOW
Cash From Operating Activities $140.9M $102.9M
Capital Expenditures $3.861M $4.007M
Free Cash Flow $137.1M $98.93M
YoY Change 65.87% 389.86%

Facts In Submission

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EffectiveIncomeTaxRateReconciliationExcludingExcessTaxBenefitsOnShareBasedPayments
0.271
ttek Effective Income Tax Rate Reconciliation Excluding Excess Tax Benefits On Share Based Payments
EffectiveIncomeTaxRateReconciliationExcludingExcessTaxBenefitsOnShareBasedPayments
0.265
CY2024Q1 ttek Liability For Uncertain Tax Positions Current And Noncurrent
LiabilityForUncertainTaxPositionsCurrentAndNoncurrent
62300000 usd
CY2023Q4 ttek Liability For Uncertain Tax Positions Current And Noncurrent
LiabilityForUncertainTaxPositionsCurrentAndNoncurrent
62000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1251616000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1158226000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2479883000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2052991000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
117683000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
61011000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
228764000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
153061000 usd
CY2024Q1 us-gaap Assets
Assets
4070574000 usd
CY2023Q4 us-gaap Assets
Assets
3820477000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13969000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15471000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
951031000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
879529000 usd
CY2023Q3 ttek Derivative Cap Price Per Share
DerivativeCapPricePerShare
259.56
CY2023Q3 ttek Cap Price Premium Over Reported Sales Price Percentage
CapPricePremiumOverReportedSalesPricePercentage
0.65
CY2023Q3 ttek Common Stock Reported Sales Price
CommonStockReportedSalesPrice
157.31
CY2024Q1 us-gaap Bank Overdrafts
BankOverdrafts
0 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-900000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1000000 usd
CY2019Q3 ttek Loss Contingency Number Of Actions
LossContingencyNumberOfActions
3 action
CY2024Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
13115000 usd
CY2023Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
18952000 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
30738000 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
40627000 usd
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0000831641-24-000029-index-headers.html Edgar Link pending
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0000831641-24-000029.txt Edgar Link pending
0000831641-24-000029-xbrl.zip Edgar Link pending
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ttek-20240331.htm Edgar Link pending
ttek-20240331.xsd Edgar Link pending
ttekex311fy24q2.htm Edgar Link pending
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ttek-20240331_def.xml Edgar Link unprocessable
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ttek-20240331_pre.xml Edgar Link unprocessable
ttek-20240331_htm.xml Edgar Link completed
ttek-20240331_cal.xml Edgar Link unprocessable