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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18402630234839
Cash and cash equivalents18402630234839
Restricted cash and investments00077  
Receivables177195173114184227181
Inventory, net of allowances, customer advances and progress billings137144120107117189101
Inventory137144120107117189101
Disposal group, including discontinued operation 1 01  
Assets held-for-sale36
Other undisclosed current assets21211918243348
Total current assets:351401338276355501374
Noncurrent Assets
Operating lease, right-of-use asset68
Property, plant and equipment7598548959451,0481,125573
Intangible assets, net (including goodwill)741085474199400220
Goodwill 2677113294188
Intangible assets, net (excluding goodwill)748248688610632
Other noncurrent assets20232120544138
Other undisclosed noncurrent assets0000022
Total noncurrent assets:9219859701,0401,3011,567833
TOTAL ASSETS:1,2721,3861,3091,3161,6562,0681,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt16  00900
Asset retirement obligation  01151339
Disposal group, including discontinued operation24     
Business combination, contingent consideration, liability 11    
Deferred revenue and credits19142871 
Other undisclosed current liabilities171185154102143205134
Total current liabilities:189200174117185379173
Noncurrent Liabilities
Long-term debt and lease obligation897816630624873845388
Long-term debt, excluding current maturities843816630624873845388
Operating lease, liability54
Liabilities, other than long-term debt20288186849060
Customer advances or deposits37 1111
Asset retirement obligations13125854435012
Deferred tax liabilities, net34791118
Other liabilities7121618311818
Other undisclosed noncurrent liabilities3297289 (11)(11)
Total noncurrent liabilities:920872782798957924436
Total liabilities:1,1091,0739569151,1421,302609
Stockholders' equity
Stockholders' equity attributable to parent34173208234241370556
Common stock1111111
Treasury stock, value(19)(19)(19)(18)(17)(16)(16)
Additional paid in capital467461426419256241234
Accumulated other comprehensive loss(52)(52)(44)(51)(43)(26)(4)
Retained earnings (accumulated deficit)(363)(218)(156)(117)44170340
Stockholders' equity attributable to noncontrolling interest12813914416727339642
Total stockholders' equity:163313353400514766597
TOTAL LIABILITIES AND EQUITY:1,2721,3861,3091,3161,6562,0681,207

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,0389998206951,1301,078909
Revenue, net8206951,1301,078909
Cost of revenue(946)(836)(721)(643)(941)(983)(774)
Cost of goods and services sold  (592)(496)(742)(831)(683)
Gross profit:921621005118995135
Operating expenses(280)(180)(121)(228)(353)(287)(162)
Operating loss:(188)(18)(21)(177)(163)(192)(27)
Nonoperating income (expense)(3)(7)(2)(3)(12)(12)7
Foreign currency transaction gain (loss), before tax(3)(0)(2)1(2)20
Other nonoperating income (expense)0(7)(1)(4)(10)(14)7
Interest and debt expense(74)(71)(57)(57)(51)(32)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1215920(0)247936
Loss from continuing operations before income taxes:(144)(36)(61)(237)(202)(158)(0)
Income tax expense (benefit)(6)(6)(1)(2)(8)(10)3
Other undisclosed loss from continuing operations     (0) 
Income (loss) from continuing operations:(150)(43)(62)(239)(209)(168)3
Loss from discontinued operations(10)(42)     
Income (loss) before gain (loss) on sale of properties:(161)(84)(62)(239)(209)(168)3
Other undisclosed net loss      (0)
Net income (loss):(161)(84)(62)(239)(209)(168)3
Net income (loss) attributable to noncontrolling interest132323(78)83(2)(3)
Net income (loss) attributable to parent:(147)(62)(39)(317)(126)(170)0
Preferred stock dividends and other adjustments30      
Net income (loss) available to common stockholders, diluted:(117)(62)(39)(317)(126)(170)0

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(161)(84)(62)(239)(209)(168)3
Other comprehensive loss(161)(94)(55)(249)(230)  
Other undisclosed comprehensive income (loss)1618462239213(22)(2)
Comprehensive income (loss):(161)(94)(55)(249)(226)(190)1
Comprehensive income, net of tax, attributable to noncontrolling interest132524798723
Other undisclosed comprehensive loss, net of tax, attributable to parent     (4)(6)
Comprehensive loss, net of tax, attributable to parent:(148)(70)(32)(170)(139)(192)(2)

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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