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 investments36,98752,48513,59231,55167,25217,704
Cash and cash equivalent36,98752,48513,59231,55167,25217,704
Restricted cash and investments221   6564
Receivables104,813111,798129,63191,20264,078176,513
Inventory, net of allowances, customer advances and progress billings101,69796,53672,11369,09876,658136,510
Inventory101,69796,53672,11369,09876,658136,510
Disposal group, including discontinued operation     710,006 
Other undisclosed current assets25,91021,19623,11218,53913,48720,563
Total current assets:269,628282,015238,448210,390931,546351,354
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 6,4952,4942,834   
Operating lease, right-of-use asset29,79731,91533,81836,97343,44868,131
Property, plant and equipment142,160107,716101,58088,97696,856758,637
Intangible assets, net (including goodwill)24,92329,13232,95536,95841,48774,199
Intangible assets, net (excluding goodwill)24,92329,13232,95536,95841,48774,199
Disposal group, including discontinued operation, noncurrent assets     613,141 
Deferred income tax assets98,149910  52 
Other noncurrent assets12,37910,82913,27913,73619,45019,577
Other undisclosed noncurrent assets21,66413,95011,45211,233(613,141)24
Total noncurrent assets:335,567196,946195,918187,876201,293920,568
TOTAL ASSETS:605,195478,961434,366398,2661,132,8391,271,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,51537,26840,87127,896  
Taxes payable9,9137,085  
Employee-related liabilities30,95820,811  
Accrued liabilities35,51537,268    
Deferred revenue    2,675 
Debt 4,5828281,332  15,850
Disposal group, including discontinued operation5,830 9201,385734,0392,098
Other undisclosed current liabilities77,42287,86681,14467,86161,364170,775
Total current liabilities:123,349125,962124,26797,142798,078188,723
Noncurrent Liabilities
Long-term debt and lease obligation179,696157,505156,455183,365237,463896,790
Long-term debt, excluding current maturities179,696157,505156,455151,936199,894842,871
Liabilities, other than long-term debt48,84348,16047,24719,19663,29120,146
Asset retirement obligations14,78614,19913,67112,98412,48412,762
Deferred income tax liabilities4,9122,2792,0381,6691,942 
Disposal group, including discontinued operation, liabilities     37,253 
Other liabilities4,1044,1443,4304,54311,6127,384
Operating lease, liability25,04127,53828,10831,42937,56953,919
Other undisclosed noncurrent liabilities     (37,055)3,437
Total noncurrent liabilities:228,539205,665203,702202,561263,699920,373
Total liabilities:351,888331,627327,969299,7031,061,7771,109,096
Equity
Equity, attributable to parent254,568148,591107,62599,704(9,640)34,373
Common stock1,3501,3321,3181,3011,2891,283
Treasury stock, value(19,957)(19,957)(19,957)(19,957)(19,484)(19,164)
Additional paid in capital492,722489,156477,820475,624472,134466,959
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)80,702128,453
Total equity:253,307147,334106,39798,56371,062162,826
TOTAL LIABILITIES AND EQUITY:605,195478,961434,366398,2661,132,8391,271,922

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
Revenues599,111626,262553,213388,272377,7151,037,933
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:139,853153,645121,11159,23767,54391,799
Operating expenses(89,969)(108,709)(98,577)(75,049)(83,601)(279,995)
Operating income (loss):49,88444,93622,534(15,812)(16,058)(188,196)
Nonoperating income (expense)6,8589,1124,46516,4282,565(2,909)
Gain (loss), foreign currency transaction, before tax     2,700(3,100)
Other nonoperating income (expense)6,8589,1124,46516,428(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     7,733120,868
Income (loss) from continuing operations before equity method investments, income taxes:51,20731,11510,176(15,941)(25,086)(144,123)
Other undisclosed income (loss) from continuing operations before income taxes(22,465)5849901,220  
Income (loss) from continuing operations before income taxes:28,74231,69911,166(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:113,62025,4797,601(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)278195120,407(47,898) 
Net income (loss):108,28025,7577,796103,602(98,933)(160,500)
Net income attributable to noncontrolling interest      13,087
Other undisclosed net income (loss) attributable to parent42743(269)  
Net income (loss) attributable to parent:108,28425,7847,839103,333(98,933)(147,413)
Preferred stock dividends and other adjustments      30,400
Net income (loss) available to common stockholders, diluted:108,28425,7847,839103,333(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):108,28025,7577,796103,602(98,933)(160,500)
Other comprehensive loss      (160,688)
Other undisclosed comprehensive income (loss)(5,891)3,832(2,131)(4,623)2,386160,500
Comprehensive income (loss):102,38929,5895,66598,979(96,547)(160,688)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest42743(269)47,67312,755
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:102,39329,6165,70898,710(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.

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