← TETRA TECH INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $83.8m | $117.9m | $136.9m | $158.7m | $173.9m | $232.8m | $263.1m | $273.4m | $333.4m | $247.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $83.9m | $117.9m | $137.0m | $158.8m | $173.9m | $232.8m | $263.2m | $273.5m | $333.4m | $247.9m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $70k | $43k | $74k | $93k | $31k | $21k | $39k | $32k | $61k | $225k | |
| Depreciation, Depletion and Amortization | $45.6m | $45.8m | $38.6m | $28.8m | $24.6m | $23.8m | $27.0m | $61.2m | $73.7m | $58.3m | |
| Amortization of Intangible Assets | $22.1m | $22.8m | $18.2m | $11.6m | $11.6m | $11.5m | $13.2m | $41.2m | $50.0m | $37.1m | |
| Depreciation | $22.8m | $22.2m | $19.6m | $17.3m | $13.0m | $12.3m | $13.9m | $20.0m | $23.7m | $21.2m | |
| Deferred Income Tax Expense (Benefit) | $6.1m | ($10.0m) | ($29.4m) | ($37.6m) | $2.7m | ($35.8m) | $2.2m | ($27.8m) | ($12.2m) | ($11.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $13.0m | $13.4m | $19.6m | $17.6m | $19.4m | $23.1m | $26.2m | $28.6m | $31.2m | $33.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $6.9m | $11.2m | $17.6m | $25.2m | $16.8m | $13.0m | $14.0m | |
| Share-based Payment Arrangement, Expense | $13.0m | $13.4m | $19.6m | $17.6m | $19.4m | $23.1m | $26.2m | $28.6m | $31.2m | $33.9m | |
| Goodwill, Impairment Loss | — | — | — | $7.8m | $15.8m | $0 | $0 | — | — | $92.4m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $0 | $0 | $16.4m | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | $232k | $11.1m | $110k | ($103k) | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | ($1.0m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $537k | $103k | — | — | $8.5m | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $1.7m | $4.7m | — | — | $6.6m | $5.0m | $7.5m | — | — | — | |
| Income Tax Expense (Benefit) | $40.6m | $53.8m | $37.6m | $16.4m | $54.1m | $34.0m | $85.6m | $127.5m | $130.0m | $129.7m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $44.6m | $40.6m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $89.4m | $0 | $0 | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | $568k | $25k | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($9.1m) | $64.8m | $46.3m | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | ($3.0m) | $18.6m | ($16.0m) | $39.0m | ($102.2m) | $13.6m | $17.1m | ($19.2m) | $18.1m | $2.4m | |
| Goodwill | $718.0m | $740.9m | $798.8m | $924.8m | $993.5m | $1.1b | $1.1b | $1.9b | $2.0b | $2.0b | |
| Investment Income, Interest | $996k | $729k | $1.8m | $1.7m | $1.4m | $917k | $1.8m | $5.9m | $7.3m | $9.8m | |
| Proceeds from Stock Options Exercised | — | $18.6m | $13.5m | $11.8m | $10.3m | $11.2m | $1.8m | $626k | $3.1m | $469k | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | $89.4m | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $142.0m | $138.0m | $176.9m | $208.5m | $262.5m | $304.4m | $336.2m | $368.5m | $358.7m | $457.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.9m | $9.7m | $9.7m | $16.2m | $12.2m | $8.6m | $10.6m | $26.9m | $18.1m | $18.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $81.3m | $8.0m | $68.3m | $84.2m | $68.5m | $84.9m | $49.1m | $854.3m | $93.7m | $97.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($94.0m) | ($17.0m) | ($42.6m) | ($99.7m) | ($63.0m) | ($93.0m) | ($55.7m) | ($771.2m) | ($111.0m) | ($106.8m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | $233.9m | $485.9m | $415.5m | $331.1m | $414.3m | $117.1m | $1.0b | $287.0m | $771.0m | |
| Proceeds from Issuance of Common Stock | $18.0m | $18.6m | $13.5m | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $99.5m | $100.0m | $75.0m | $100.0m | $117.2m | $60.0m | $200.0m | $0 | $0 | $250.0m | |
| Payments of Ordinary Dividends, Common Stock | $19.7m | $21.7m | $24.5m | $29.7m | $34.7m | $40.0m | $46.1m | $52.1m | $58.8m | $65.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($25.4m) | ($94.8m) | ($173.1m) | ($135.1m) | ($163.0m) | ($210.1m) | ($249.6m) | $382.4m | ($191.4m) | ($410.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($1.7m) | $207k | $7.8m | ($12.3m) | $4.1m | $7.6m | ($5.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.5m | ($4.9m) | ($28.0m) | $36.6m | $9.1m | $18.5m | ($16.3m) | $63.9m | ($64.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $120.9m | $157.5m | $166.6m | $185.1m | $168.8m | $232.7m | $167.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.6m | $11.5m | $15.6m | $12.3m | $13.3m | $10.3m | $13.4m | $47.4m | $36.9m | $35.0m | |
| Income Taxes Paid, Net | $35.3m | $72.6m | $49.8m | $66.0m | $55.0m | $59.1m | $70.8m | $93.2m | $180.7m | $110.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.