Tetra Technologies Inc. (TTI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
24955 INTERSTATE 45 NORTH THE WOODLANDS, TX 77380 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 36,987 | 52,485 | 13,592 | 31,551 | 67,252 | 17,704 | |||
| Cash and cash equivalent | 36,987 | 52,485 | 13,592 | 31,551 | 67,252 | 17,704 | |||
| Restricted cash and investments | 221 | 65 | 64 | ||||||
| Receivables | 104,813 | 111,798 | 129,631 | 91,202 | 64,078 | 176,513 | |||
| Inventory, net of allowances, customer advances and progress billings | 101,697 | 96,536 | 72,113 | 69,098 | 76,658 | 136,510 | |||
| Inventory | 101,697 | 96,536 | 72,113 | 69,098 | 76,658 | 136,510 | |||
| Disposal group, including discontinued operation | 710,006 | ||||||||
| Other undisclosed current assets | 25,910 | 21,196 | 23,112 | 18,539 | 13,487 | 20,563 | |||
| Total current assets: | 269,628 | 282,015 | 238,448 | 210,390 | 931,546 | 351,354 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,495 | 2,494 | 2,834 | ||||||
| Operating lease, right-of-use asset | 29,797 | 31,915 | 33,818 | 36,973 | 43,448 | 68,131 | |||
| Property, plant and equipment | 142,160 | 107,716 | 101,580 | 88,976 | 96,856 | 758,637 | |||
| Intangible assets, net (including goodwill) | 24,923 | 29,132 | 32,955 | 36,958 | 41,487 | 74,199 | |||
| Intangible assets, net (excluding goodwill) | 24,923 | 29,132 | 32,955 | 36,958 | 41,487 | 74,199 | |||
| Disposal group, including discontinued operation, noncurrent assets | 613,141 | ||||||||
| Deferred income tax assets | 98,149 | 910 | 52 | ||||||
| Other noncurrent assets | 12,379 | 10,829 | 13,279 | 13,736 | 19,450 | 19,577 | |||
| Other undisclosed noncurrent assets | 21,664 | 13,950 | 11,452 | 11,233 | (613,141) | 24 | |||
| Total noncurrent assets: | 335,567 | 196,946 | 195,918 | 187,876 | 201,293 | 920,568 | |||
| TOTAL ASSETS: | 605,195 | 478,961 | 434,366 | 398,266 | 1,132,839 | 1,271,922 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 35,515 | 37,268 | 40,871 | 27,896 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 9,913 | 7,085 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 30,958 | 20,811 | ||||
| Accrued liabilities | 35,515 | 37,268 | |||||||
| Deferred revenue | 2,675 | ||||||||
| Debt | 4,582 | 828 | 1,332 | 15,850 | |||||
| Disposal group, including discontinued operation | 5,830 | 920 | 1,385 | 734,039 | 2,098 | ||||
| Other undisclosed current liabilities | 77,422 | 87,866 | 81,144 | 67,861 | 61,364 | 170,775 | |||
| Total current liabilities: | 123,349 | 125,962 | 124,267 | 97,142 | 798,078 | 188,723 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 179,696 | 157,505 | 156,455 | 183,365 | 237,463 | 896,790 | |||
| Long-term debt, excluding current maturities | 179,696 | 157,505 | 156,455 | 151,936 | 199,894 | 842,871 | |||
| Liabilities, other than long-term debt | 48,843 | 48,160 | 47,247 | 19,196 | 63,291 | 20,146 | |||
| Asset retirement obligations | 14,786 | 14,199 | 13,671 | 12,984 | 12,484 | 12,762 | |||
| Deferred income tax liabilities | 4,912 | 2,279 | 2,038 | 1,669 | 1,942 | ||||
| Disposal group, including discontinued operation, liabilities | 37,253 | ||||||||
| Other liabilities | 4,104 | 4,144 | 3,430 | 4,543 | 11,612 | 7,384 | |||
| Operating lease, liability | 25,041 | 27,538 | 28,108 | 31,429 | 37,569 | 53,919 | |||
| Other undisclosed noncurrent liabilities | (37,055) | 3,437 | |||||||
| Total noncurrent liabilities: | 228,539 | 205,665 | 203,702 | 202,561 | 263,699 | 920,373 | |||
| Total liabilities: | 351,888 | 331,627 | 327,969 | 299,703 | 1,061,777 | 1,109,096 | |||
| Equity | |||||||||
| Equity, attributable to parent | 254,568 | 148,591 | 107,625 | 99,704 | (9,640) | 34,373 | |||
| Common stock | 1,350 | 1,332 | 1,318 | 1,301 | 1,289 | 1,283 | |||
| Treasury stock, value | (19,957) | (19,957) | (19,957) | (19,957) | (19,484) | (19,164) | |||
| Additional paid in capital | 492,722 | 489,156 | 477,820 | 475,624 | 472,134 | 466,959 | |||
| Accumulated other comprehensive loss | (51,122) | (45,231) | (49,063) | (46,932) | (49,914) | (52,183) | |||
| Accumulated deficit | (168,425) | (276,709) | (302,493) | (310,332) | (413,665) | (362,522) | |||
| Equity, attributable to noncontrolling interest | (1,261) | (1,257) | (1,228) | (1,141) | 80,702 | 128,453 | |||
| Total equity: | 253,307 | 147,334 | 106,397 | 98,563 | 71,062 | 162,826 | |||
| TOTAL LIABILITIES AND EQUITY: | 605,195 | 478,961 | 434,366 | 398,266 | 1,132,839 | 1,271,922 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 599,111 | 626,262 | 553,213 | 388,272 | 377,715 | 1,037,933 | ||
| Cost of revenue | (423,428) | (363,908) | (333,525) | (253,986) | (226,571) | (946,134) | ||
| Cost of product and service sold | (423,428) | |||||||
| Other undisclosed gross profit | (35,830) | (108,709) | (98,577) | (75,049) | (83,601) | |||
| Gross profit: | 139,853 | 153,645 | 121,111 | 59,237 | 67,543 | 91,799 | ||
| Operating expenses | (89,969) | (108,709) | (98,577) | (75,049) | (83,601) | (279,995) | ||
| Operating income (loss): | 49,884 | 44,936 | 22,534 | (15,812) | (16,058) | (188,196) | ||
| Nonoperating income (expense) | 6,858 | 9,112 | 4,465 | 16,428 | 2,565 | (2,909) | ||
| Gain (loss), foreign currency transaction, before tax | 2,700 | (3,100) | ||||||
| Other nonoperating income (expense) | 6,858 | 9,112 | 4,465 | 16,428 | (135) | 191 | ||
| Interest and debt expense | (5,535) | (22,933) | (16,823) | (16,557) | (19,326) | (73,886) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 7,733 | 120,868 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 51,207 | 31,115 | 10,176 | (15,941) | (25,086) | (144,123) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (22,465) | 584 | 990 | 1,220 | ||||
| Income (loss) from continuing operations before income taxes: | 28,742 | 31,699 | 11,166 | (14,721) | (25,086) | (144,123) | ||
| Income tax expense (benefit) | 84,878 | (6,220) | (3,565) | (2,084) | 1,758 | (6,164) | ||
| Other undisclosed loss from continuing operations | (3,516) | |||||||
| Income (loss) from continuing operations: | 113,620 | 25,479 | 7,601 | (16,805) | (26,844) | (150,287) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (16,805) | (51,035) | (160,500) | |
| Loss from discontinued operations | (24,191) | (10,213) | ||||||
| Other undisclosed net income (loss) | (5,340) | 278 | 195 | 120,407 | (47,898) | |||
| Net income (loss): | 108,280 | 25,757 | 7,796 | 103,602 | (98,933) | (160,500) | ||
| Net income attributable to noncontrolling interest | 13,087 | |||||||
| Other undisclosed net income (loss) attributable to parent | 4 | 27 | 43 | (269) | ||||
| Net income (loss) attributable to parent: | 108,284 | 25,784 | 7,839 | 103,333 | (98,933) | (147,413) | ||
| Preferred stock dividends and other adjustments | 30,400 | |||||||
| Net income (loss) available to common stockholders, diluted: | 108,284 | 25,784 | 7,839 | 103,333 | (98,933) | (117,013) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 108,280 | 25,757 | 7,796 | 103,602 | (98,933) | (160,500) | ||
| Other comprehensive loss | (160,688) | |||||||
| Other undisclosed comprehensive income (loss) | (5,891) | 3,832 | (2,131) | (4,623) | 2,386 | 160,500 | ||
| Comprehensive income (loss): | 102,389 | 29,589 | 5,665 | 98,979 | (96,547) | (160,688) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 4 | 27 | 43 | (269) | 47,673 | 12,755 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 102,393 | 29,616 | 5,708 | 98,710 | (48,874) | (147,933) | ||
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.