Tetra Technologies, Inc. (TTI) financial statements (2021 and earlier)

Company profile

Business Address 24955 INTERSTATE 45 NORTH
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67184026302348
Cash and cash equivalents67184026302348
Restricted cash and investments000077 
Receivables64177195173114184227
Inventory, net of allowances, customer advances and progress billings77137144120107117189
Inventory77137144120107117189
Disposal group, including discontinued operation710 1 01 
Assets held-for-sale✕✕✕✕✕✕3
Other undisclosed current assets13212119182433
Total current assets:932351401338276355501
Noncurrent Assets
Operating lease, right-of-use asset4368✕✕✕✕✕
Property, plant and equipment977598548959451,0481,125
Intangible assets, net (including goodwill)41741085474199400
Goodwill  2677113294
Intangible assets, net (excluding goodwill)417482486886106
Disposal group, including discontinued operation, noncurrent assets613      
Deferred income tax assets0 ✕✕✕✕✕
Other noncurrent assets19202321205441
Other undisclosed noncurrent assets(613)000002
Total noncurrent assets:2019219859701,0401,3011,567
TOTAL ASSETS:1,1331,2721,3861,3091,3161,6562,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue3 ✕✕✕✕✕
Debt 16  0090
Asset retirement obligation   011513
Disposal group, including discontinued operation73424    
Business combination, contingent consideration, liability  11    
Deferred revenue and credits✕✕✕19142871
Other undisclosed current liabilities61171185154102143205
Total current liabilities:798189200174117185379
Noncurrent Liabilities
Long-term debt and lease obligation237897816630624873845
Long-term debt, excluding current maturities200843816630624873845
Operating lease, liability3854✕✕✕✕✕
Liabilities, other than long-term debt63202881868490
Customer advances or deposits✕✕✕37 11
Asset retirement obligations12131258544350
Deferred tax liabilities, net✕✕347911
Deferred income tax liabilities2 ✕✕✕✕✕
Disposal group, including discontinued operation, liabilities37      
Other liabilities1271216183118
Other undisclosed noncurrent liabilities(37)3297289 (11)
Total noncurrent liabilities:264920872782798957924
Total liabilities:1,0621,1091,0739569151,1421,302
Stockholders' equity
Stockholders' equity attributable to parent(10)34173208234241370
Common stock1111111
Treasury stock, value(19)(19)(19)(19)(18)(17)(16)
Additional paid in capital472467461426419256241
Accumulated other comprehensive loss(50)(52)(52)(44)(51)(43)(26)
Retained earnings (accumulated deficit)(414)(363)(218)(156)(117)44170
Stockholders' equity attributable to noncontrolling interest81128139144167273396
Total stockholders' equity:71163313353400514766
TOTAL LIABILITIES AND EQUITY:1,1331,2721,3861,3091,3161,6562,068

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3781,0389998206951,1301,078
Revenue, net✕✕✕8206951,1301,078
Cost of revenue(227)(946)(836)(721)(643)(941)(983)
Cost of goods and services sold   (592)(496)(742)(831)
Other undisclosed gross profit(84)      
Gross profit:68921621005118995
Operating expenses(84)(280)(180)(121)(228)(353)(287)
Operating loss:(16)(188)(18)(21)(177)(163)(192)
Nonoperating income (expense)3(3)(7)(2)(3)(12)(12)
Foreign currency transaction gain (loss), before tax3(3)(0)(2)1(2)2
Other nonoperating income (expense)(0)0(7)(1)(4)(10)(14)
Interest and debt expense(19)(74)(71)(57)(57)(51)(32)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes81215920(0)2479
Loss from continuing operations before income taxes:(25)(144)(36)(61)(237)(202)(158)
Income tax expense (benefit)2(6)(6)(1)(2)(8)(10)
Other undisclosed loss from continuing operations(4)     (0)
Loss from continuing operations:(27)(150)(43)(62)(239)(209)(168)
Loss from discontinued operations(24)(10)(42)    
Loss before gain (loss) on sale of properties:(51)(161)(84)(62)(239)(209)(168)
Other undisclosed net loss(48)      
Net loss:(99)(161)(84)(62)(239)(209)(168)
Net income (loss) attributable to noncontrolling interest 132323(78)83(2)
Net loss attributable to parent:(99)(147)(62)(39)(317)(126)(170)
Preferred stock dividends and other adjustments 30     
Net loss available to common stockholders, diluted:(99)(117)(62)(39)(317)(126)(170)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(99)(161)(84)(62)(239)(209)(168)
Other comprehensive loss (161)(94)(55)(249)(230) 
Other undisclosed comprehensive income (loss)21618462239213(22)
Comprehensive loss:(97)(161)(94)(55)(249)(226)(190)
Comprehensive income, net of tax, attributable to noncontrolling interest4813252479872
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4)
Comprehensive loss, net of tax, attributable to parent:(49)(148)(70)(32)(170)(139)(192)

Statements sources

The financial statements are based on the company's filings with the 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.

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