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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67755729183626
Cash and cash equivalents67755729183626
Restricted cash and investments0000000
Receivables64108114169177170203
Inventory, net of allowances, customer advances and progress billings77113116142137142138
Inventory77113116142137142138
Contract with customer, asset 1719    
Disposal group, including discontinued operation710    0 
Other undisclosed current assets134323212325
Total current assets:932318309364351371393
Noncurrent Assets
Operating lease, right-of-use asset437976756858 
Property, plant and equipment97675714740759861860
Intangible assets, net (including goodwill)4168707274102104
Goodwill     2626
Intangible assets, net (excluding goodwill)41687072747678
Disposal group, including discontinued operation, noncurrent assets613      
Deferred income tax assets0000   
Other noncurrent assets19222018202324
Other undisclosed noncurrent assets(613)   0058
Total noncurrent assets:2018448809069211,0451,046
TOTAL ASSETS:1,1331,1621,1891,2701,2721,4161,439
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue371328   
Debt  16171614 
Disposal group, including discontinued operation734222223
Other undisclosed current liabilities61123116148171197205
Total current liabilities:798132147195189213207
Noncurrent Liabilities
Long-term debt and lease obligation237907904906897904856
Long-term debt, excluding current maturities200843843846843858856
Operating lease, liability386461605446 
Liabilities, other than long-term debt63272422202024
Asset retirement obligations12131313131312
Deferred tax liabilities, net4
Deferred income tax liabilities2333   
Disposal group, including discontinued operation, liabilities37      
Other liabilities121086778
Other undisclosed noncurrent liabilities(37)0003556
Total noncurrent liabilities:264934929928920929937
Total liabilities:1,0621,0661,0761,1231,1091,1421,144
Stockholders' equity
Stockholders' equity attributable to parent(10)(0)92834144162
Common stock1111111
Treasury stock, value(19)(19)(19)(19)(19)(19)(19)
Additional paid in capital472471470468467466464
Accumulated other comprehensive loss(50)(55)(57)(58)(52)(55)(51)
Accumulated deficit(414)(399)(385)(364)(363)(249)(233)
Stockholders' equity attributable to noncontrolling interest8195104119128130133
Total stockholders' equity:7195113147163274295
TOTAL LIABILITIES AND EQUITY:1,1331,1621,1891,2701,2721,4161,439

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues(190)153192223259246289
Cost of revenue262(133)(172)(184)(297)(201)(240)
Other undisclosed gross profit(84)      
Gross profit:(12)202039(38)4548
Operating expenses22(25)(42)(36)(162)(35)(39)
Operating income (loss):9(5)(22)3(199)1010
Nonoperating income (expense)81(3)1(2)(1)(1)
Foreign currency transaction gain (loss), before tax6(1)02(1)(2)(1)
Other nonoperating income (expense)22(4)(0)(1)1(1)
Interest and debt expense34(18)(18)(18)(19)(18)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes8   121  
Income (loss) from continuing operations before equity method investments, income taxes:59(22)(43)(13)(99)(9)(10)
Other undisclosed income (loss) from continuing operations before income taxes(19)184(15)14
Income (loss) from continuing operations before income taxes:40(21)(35)(9)(114)(8)(6)
Income tax expense (benefit)6(1)(2)(1)(0)(2)(2)
Other undisclosed loss from continuing operations(4)      
Income (loss) from continuing operations:42(21)(37)(10)(114)(9)(8)
Income (loss) from discontinued operations(24)(0)0(0)(0)(9)(0)
Income (loss) before gain (loss) on sale of properties:18(22)(37)(10)(115)(18)(9)
Other undisclosed net loss(48)      
Net loss:(30)(22)(37)(10)(115)(18)(9)
Net income attributable to noncontrolling interest    13  
Other undisclosed net income (loss) attributable to parent(33)8169(12)22
Net loss attributable to parent:(63)(13)(21)(2)(114)(16)(7)
Other undisclosed net income available to common stockholders, basic    30  
Net loss available to common stockholders, diluted:(63)(13)(21)(2)(83)(16)(7)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q1
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(30)(22)(37)(10)(115)(18)(9)
Other comprehensive loss  (36)(17) (22)(8)
Other undisclosed comprehensive income5337103189
Comprehensive loss:(25)(19)(36)(17)(112)(22)(8)
Comprehensive income, net of tax, attributable to noncontrolling interest158169122
Comprehensive loss, net of tax, attributable to parent:(10)(10)(20)(8)(111)(20)(6)

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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