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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,59231,55167,25217,70440,03826,128
Cash and cash equivalents13,59231,55167,25217,70440,03826,128
Restricted cash and investments   656464261
Receivables129,63191,20264,078176,513195,136172,977
Inventory, net of allowances, customer advances and progress billings72,11369,09876,658136,510143,571120,054
Inventory72,11369,09876,658136,510143,571120,054
Disposal group, including discontinued operation   710,006 1,354 
Other undisclosed current assets23,11218,53913,48720,56320,52818,934
Total current assets:238,448210,390931,546351,354400,691338,354
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2,834   
Operating lease, right-of-use asset33,81836,97343,44868,131
Property, plant and equipment101,58088,97696,856758,637853,931895,305
Intangible assets, net (including goodwill)32,95536,95841,48774,199108,04354,346
Goodwill     25,8596,636
Intangible assets, net (excluding goodwill)32,95536,95841,48774,19982,18447,710
Disposal group, including discontinued operation, noncurrent assets   613,141   
Deferred income tax assets   52 
Other noncurrent assets13,27913,73619,45019,57722,84920,599
Other undisclosed noncurrent assets11,45211,233(613,141)241310
Total noncurrent assets:195,918187,876201,293920,568984,836970,260
TOTAL ASSETS:434,366398,2661,132,8391,271,9221,385,5271,308,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,87127,896    
Taxes payable9,9137,085    
Employee-related liabilities30,95820,811    
Accrued liabilities      
Deferred revenue  2,675 
Debt1,332  15,850  
Asset retirement obligation      477
Disposal group, including discontinued operation9201,385734,0392,0984,145 
Business combination, contingent consideration, liability     11,452 
Deferred revenue and credits18,971
Other undisclosed current liabilities81,14467,86161,364170,775184,754154,266
Total current liabilities:124,26797,142798,078188,723200,351173,714
Noncurrent Liabilities
Long-term debt and lease obligation156,455183,365237,463896,790815,560629,855
Long-term debt, excluding current maturities156,455151,936199,894842,871815,560629,855
Liabilities, other than long-term debt47,24719,19663,29120,14627,77580,715
Customer advances or deposits2,869
Asset retirement obligations13,67112,98412,48412,76212,20257,925
Deferred tax liabilities, net3,2424,404
Deferred income tax liabilities2,0381,6691,942 
Disposal group, including discontinued operation, liabilities   37,253   
Other liabilities3,4304,54311,6127,38412,33115,517
Operating lease, liability28,10831,42937,56953,919
Other undisclosed noncurrent liabilities   (37,055)3,43729,09271,769
Total noncurrent liabilities:203,702202,561263,699920,373872,427782,339
Total liabilities:327,969299,7031,061,7771,109,0961,072,778956,053
Equity
Equity, attributable to parent107,62599,704(9,640)34,373173,400208,080
Common stock1,3181,3011,2891,2831,2851,185
Treasury stock, value(19,957)(19,957)(19,484)(19,164)(18,950)(18,651)
Additional paid in capital477,820475,624472,134466,959460,680425,648
Accumulated other comprehensive loss(49,063)(46,932)(49,914)(52,183)(51,663)(43,767)
Accumulated deficit(302,493)(310,332)(413,665)(362,522)(217,952)(156,335)
Equity, attributable to noncontrolling interest(1,228)(1,141)80,702128,453139,349144,481
Total equity:106,39798,56371,062162,826312,749352,561
TOTAL LIABILITIES AND EQUITY:434,366398,2661,132,8391,271,9221,385,5271,308,614

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues553,213388,272377,7151,037,933998,775820,378
Revenue, net820,378
Cost of revenue(333,525)(253,986)(226,571)(946,134)(836,477)(720,554)
Cost of goods and services sold      (591,871)
Other undisclosed gross profit(98,577)(75,049)(83,601)   
Gross profit:121,11159,23767,54391,799162,29899,824
Operating expenses(98,577)(75,049)(83,601)(279,995)(179,855)(120,883)
Operating income (loss):22,534(15,812)(16,058)(188,196)(17,557)(21,059)
Nonoperating income (expense)4,46516,4282,565(2,909)(7,294)(2,233)
Gain (loss), foreign currency transaction, before tax   2,700(3,100)(100)(1,600)
Other nonoperating income (expense)4,46516,428(135)191(7,194)(633)
Interest and debt expense(16,823)(16,557)(19,326)(73,886)(70,946)(57,246)
Other undisclosed income from continuing operations before equity method investments, income taxes   7,733120,86859,37119,555
Income (loss) from continuing operations before equity method investments, income taxes:10,176(15,941)(25,086)(144,123)(36,426)(60,983)
Other undisclosed income from continuing operations before income taxes9901,220    
Income (loss) from continuing operations before income taxes:11,166(14,721)(25,086)(144,123)(36,426)(60,983)
Income tax expense (benefit)(3,565)(2,084)1,758(6,164)(6,299)(1,200)
Other undisclosed loss from continuing operations   (3,516)   
Income (loss) from continuing operations:7,601(16,805)(26,844)(150,287)(42,725)(62,183)
Loss before gain (loss) on sale of properties:(16,805)(51,035)(160,500)(84,240)(62,183)
Loss from discontinued operations  (24,191)(10,213)(41,515) 
Other undisclosed net income (loss)195120,407(47,898)   
Net income (loss):7,796103,602(98,933)(160,500)(84,240)(62,183)
Net income attributable to noncontrolling interest    13,08722,62323,135
Other undisclosed net income (loss) attributable to parent43(269)    
Net income (loss) attributable to parent:7,839103,333(98,933)(147,413)(61,617)(39,048)
Preferred stock dividends and other adjustments    30,400  
Net income (loss) available to common stockholders, diluted:7,839103,333(98,933)(117,013)(61,617)(39,048)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):7,796103,602(98,933)(160,500)(84,240)(62,183)
Other comprehensive loss    (160,688)(94,324)(55,289)
Other undisclosed comprehensive income (loss)(2,131)(4,623)2,386160,50084,24062,183
Comprehensive income (loss):5,66598,979(96,547)(160,688)(94,324)(55,289)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest43(269)47,67312,75524,81123,759
Comprehensive income (loss), net of tax, attributable to parent:5,70898,710(48,874)(147,933)(69,513)(31,530)

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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