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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2023
Oct. 02, 2022
Current assets:    
Cash and cash equivalents $ 231,388 $ 185,094
Accounts receivable, net 989,966 755,112
Contract assets 121,115 92,405
Prepaid expenses and other current assets 126,299 125,605
Total current assets 1,468,768 1,158,216
Property and equipment, net 76,586 32,316
Right-of-use assets, operating leases 201,845 182,319
Goodwill 1,856,421 1,110,412
Intangible assets, net 232,554 29,163
Deferred tax assets 74,338 47,804
Other non-current assets 74,524 62,546
Total assets 3,985,036 2,622,776
Current liabilities:    
Accounts payable 235,655 147,436
Accrued compensation 222,789 237,669
Contract liabilities 321,522 241,340
Short-term lease liabilities, operating leases 66,075 57,865
Current portion of long-term debt 12,505 12,504
Current contingent earn-out liabilities 46,295 28,797
Other current liabilities 268,135 190,406
Total current liabilities 1,172,976 916,017
Deferred tax liabilities 62,830 15,161
Long-term debt 1,065,000 246,250
Long-term lease liabilities, operating leases 161,001 146,285
Non-current contingent earn-out liabilities 41,787 36,769
Other non-current liabilities 125,774 79,157
Commitments and contingencies (Note 17)
Equity:    
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at April 2, 2023 and October 2, 2022 0 0
Common stock - authorized, 150,000 shares of $0.01 par value; issued and outstanding, 53,228 and 52,981 shares at April 2, 2023 and October 2, 2022, respectively 532 530
Additional paid-in capital 10,639 0
Accumulated other comprehensive loss (181,381) (208,144)
Retained earnings 1,525,809 1,390,701
Tetra Tech stockholders’ equity 1,355,599 1,183,087
Noncontrolling interests 69 50
Total stockholders' equity 1,355,668 1,183,137
Total liabilities and stockholders' equity $ 3,985,036 $ 2,622,776