TETRA TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
TTI$5.96-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In Thousands, Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $915 | $6,033 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation, amortization, and accretion | 8,755 | 8,670 |
| (Gain) loss on investments | (2,795) | 505 |
| Equity-based compensation expense | 1,623 | 1,276 |
| Recovery of credit losses | (115) | (21) |
| Amortization and expense of financing costs | 380 | 884 |
| Expense unamortized finance costs | 5,535 | — |
| Insurance recoveries associated with damaged equipment | — | (2,850) |
| Gain on sale of assets | (29) | (170) |
| Other non-cash credits | (553) | (100) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (19,605) | 12,626 |
| Inventories | 1,542 | (11,313) |
| Prepaid expenses and other current assets | (3,918) | 4,496 |
| Trade accounts payable and accrued expenses | (5,577) | (11,179) |
| Other | 26 | 128 |
| Net cash provided by (used in) operating activities | (13,816) | 8,985 |
| Investing activities: | ||
| Purchases of property, plant, and equipment, net | (15,827) | (12,784) |
| Proceeds from sale of property, plant, and equipment | 251 | 289 |
| Proceeds from insurance recoveries associated with damaged equipment | — | 2,850 |
| Other investing activities | (172) | (1,552) |
| Net cash used in investing activities | (15,748) | (11,197) |
| Financing activities: | ||
| Proceeds from credit agreements and long-term debt | 184,456 | 52,756 |
| Principal payments on credit agreements and long-term debt | (163,215) | (47,362) |
| Payments on financing lease obligations | (277) | (258) |
| Shares withheld for taxes on equity-based compensation | (2,339) | — |
| Debt issuance costs and other financing activities | (5,277) | — |
| Net cash provided by financing activities | 13,348 | 5,136 |
| Effect of exchange rate changes on cash | (330) | 167 |
| Increase (decrease) in cash and cash equivalents | (16,546) | 3,091 |
| Cash and cash equivalents at beginning of period | 52,485 | 13,592 |
| Cash and cash equivalents at end of period | $35,939 | $16,683 |
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