Tetra Technologies, Inc. (TTI) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,67516,68313,59225,24736,33232,851
Cash and cash equivalents27,67516,68313,59225,24736,33232,851
Receivables130,386117,604129,631105,656104,062103,461
Inventory, net of allowances, customer advances and progress billings81,83383,94172,11371,55862,60464,649
Inventory81,83383,94172,11371,55862,60464,649
Other undisclosed current assets21,05818,58723,11221,83120,69816,286
Total current assets:260,952236,815238,448224,292223,696217,247
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   2,834   
Operating lease, right-of-use asset36,96433,97333,81833,41535,12737,313
Property, plant and equipment109,494105,251101,58095,02594,71889,391
Intangible assets, net (including goodwill)31,10232,00532,95533,66734,75235,846
Intangible assets, net (excluding goodwill)31,10232,00532,95533,66734,75235,846
Other noncurrent assets14,76213,63813,27913,77414,15414,638
Other undisclosed noncurrent assets16,71813,90211,45213,31314,16712,333
Total noncurrent assets:209,040198,769195,918189,194192,918189,521
TOTAL ASSETS:469,992435,584434,366413,486416,614406,768
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,8988,96140,8718,3347,2956,252
Taxes payable8,9619,9138,3347,2956,252
Employee-related liabilities30,958
Accrued liabilities10,898     
Deferred revenue23,11719,700 29,21323,48518,421
Debt1,9002,1621,33214111,533
Disposal group, including discontinued operation4149149209191,3671,379
Other undisclosed current liabilities89,50279,71081,14473,02477,40969,453
Total current liabilities:125,831111,447124,267111,504109,56797,038
Noncurrent Liabilities
Long-term debt and lease obligation156,007160,510156,455181,597182,351183,797
Long-term debt, excluding current maturities156,007160,510156,455153,873153,191152,531
Liabilities, other than long-term debt51,09747,47447,24718,62919,16019,031
Asset retirement obligations13,98313,82813,67113,36813,24413,120
Deferred income tax liabilities2,0002,0592,0381,2841,4321,635
Other liabilities3,9783,8713,4303,9774,4844,276
Operating lease, liability31,13627,71628,10827,72429,16031,266
Total noncurrent liabilities:207,104207,984203,702200,226201,511202,828
Total liabilities:332,935319,431327,969311,730311,078299,866
Equity
Equity, attributable to parent138,311117,387107,625102,969106,717108,054
Common stock1,3271,3251,3181,3181,3141,308
Treasury stock, value(19,957)(19,957)(19,957)(19,957)(19,957)(19,957)
Additional paid in capital481,448479,993477,820476,530476,381476,055
Accumulated other comprehensive loss(46,269)(47,521)(49,063)(54,333)(50,154)(46,740)
Accumulated deficit(278,238)(296,453)(302,493)(300,589)(300,867)(302,612)
Equity, attributable to noncontrolling interest(1,254)(1,234)(1,228)(1,213)(1,181)(1,152)
Total equity:137,057116,153106,397101,756105,536106,902
TOTAL LIABILITIES AND EQUITY:469,992435,584434,366413,486416,614406,768

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues175,463146,209147,448135,012140,716130,037
Cost of revenue(97,742)(85,975)(89,356)(80,770)(88,355)(75,044)
Other undisclosed gross profit(28,566)(23,911)(26,981)(24,769)(24,254)(22,573)
Gross profit:49,15536,32331,11129,47328,10732,420
Operating expenses(28,566)(23,911)(26,981)(24,769)(24,254)(22,573)
Operating income:20,58912,4124,1304,7043,8539,847
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6,435214(393)1,4101,0372,411
Interest and debt expense(5,944)(5,092)(5,890)(3,999)(3,610)(3,324)
Income (loss) from continuing operations before equity method investments, income taxes:21,0807,534(2,153)2,1151,2808,934
Other undisclosed income from continuing operations before income taxes   990   
Income (loss) from continuing operations before income taxes:21,0807,534(1,163)2,1151,2808,934
Income tax expense (benefit)(2,875)(1,489)(666)(2,178)479(1,200)
Income (loss) from continuing operations:18,2056,045(1,829)(63)1,7597,734
Income before gain (loss) on sale of properties:2561,7257,719
Income (loss) from discontinued operations(8)(12) 319(34)(15)
Other undisclosed net loss   (75)   
Net income (loss):18,1976,033(1,904)2561,7257,719
Other undisclosed net income attributable to parent 187 22201
Net income (loss) available to common stockholders, diluted:18,2156,040(1,904)2781,7457,720

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):18,1976,033(1,904)2561,7257,719
Other undisclosed comprehensive income (loss)1,2521,5425,270(4,179)(3,414)192
Comprehensive income (loss):19,4497,5753,366(3,923)(1,689)7,911
Comprehensive income, net of tax, attributable to noncontrolling interest 187 22201
Comprehensive income (loss), net of tax, attributable to parent:19,4677,5823,366(3,901)(1,669)7,912

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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