TETRA TECHNOLOGIES INC

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

TTI$5.96-2.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets at December 31,

Consolidated Balance Sheets

	December 31,2023	December 31,2022
ASSETS
Current assets:
Cash and cash equivalents	$52,485	$13,592
Trade accounts receivable, net of allowance for credit losses of $614 in 2023 and $538 in 2022	111,798	129,631
Inventories	96,536	72,113
Prepaid expenses and other current assets	21,196	23,112
Total current assets	282,015	238,448
Property, plant, and equipment:
Land and building	23,173	25,723
Machinery and equipment	304,884	318,693
Automobiles and trucks	10,148	11,832
Chemical plants	67,114	63,528
Construction in progress	10,323	7,660
Total property, plant, and equipment	415,642	427,436
Less accumulated depreciation	(307,926)	(325,856)
Net property, plant, and equipment	107,716	101,580
Other assets:
Other intangibles, net	29,132	32,955
Operating lease right-of-use assets	31,915	33,818
Investments	17,354	14,286
Other assets	10,829	13,279
Total other assets	89,230	94,338
Total assets	$478,961	$434,366

Consolidated Balance Sheets

(In Thousands, Except Share Amounts)

	December 31,2023	December 31,2022
LIABILITIES AND EQUITY
Current liabilities:
Trade accounts payable	$52,290	$49,121
Compensation and employee benefits	26,918	30,958
Operating lease liabilities, current portion	9,101	7,795
Accrued taxes	10,350	9,913
Accrued liabilities and other	27,303	25,560
Current liabilities associated with discontinued operations	—	920
Total current liabilities	125,962	124,267
Long-term debt, net	157,505	156,455
Operating lease liabilities	27,538	28,108
Asset retirement obligations	14,199	13,671
Deferred income taxes	2,279	2,038
Other liabilities	4,144	3,430
Total long-term liabilities	205,665	203,702
Commitments and contingencies (Note 11 - “Commitments and Contingencies”)
Equity:
TETRA stockholders’ equity:
Common stock, par value $0.01 per share; 250,000,000 shares authorized at December 31, 2023 and December 31, 2022; 133,217,848 shares issued at December 31, 2023 and 131,800,975 shares issued at December 31, 2022	1,332	1,318
Additional paid-in capital	489,156	477,820
Treasury stock, at cost; 3,138,675 shares held at December 31, 2023 and December 31, 2022	(19,957)	(19,957)
Accumulated other comprehensive loss	(45,231)	(49,063)
Retained deficit	(276,709)	(302,493)
Total TETRA stockholders’ equity	148,591	107,625
Noncontrolling interests	(1,257)	(1,228)
Total equity	147,334	106,397
Total liabilities and equity	$478,961	$434,366

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.