TETRA TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Oct 29, 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.
Sep 30, 2024 · Filed Oct 29, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $5,557 | $29,650 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation, amortization, and accretion | 26,367 | 25,705 |
| Impairments and other charges | 109 | 777 |
| (Gain) loss on investments | (3,591) | 157 |
| Equity-based compensation expense | 4,904 | 4,199 |
| (Recovery of) provision for credit losses | (37) | 190 |
| Amortization and expense of financing costs | 1,123 | 2,707 |
| Loss on debt extinguishment | 5,535 | — |
| Insurance recoveries associated with damaged equipment | — | (2,850) |
| Gain on sale of assets | (142) | (432) |
| Other non-cash charges (credits) | 307 | (1,721) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 3,009 | 7,600 |
| Inventories | (1,958) | (19,990) |
| Prepaid expenses and other current assets | (1,230) | 1,313 |
| Trade accounts payable and accrued expenses | (5,884) | 2,893 |
| Other | (3,184) | 1,133 |
| Net cash provided by operating activities | 30,885 | 51,331 |
| Investing activities: | ||
| Purchases of property, plant, and equipment, net | (45,792) | (30,240) |
| Proceeds from sale of property, plant, and equipment | 2,656 | 658 |
| Proceeds from insurance recoveries associated with damaged equipment | — | 2,850 |
| Purchase of investments | (1,021) | (350) |
| Other investing activities | (287) | (1,836) |
| Net cash used in investing activities | (44,444) | (28,918) |
| Financing activities: | ||
| Proceeds from credit agreements and long-term debt | 184,722 | 97,384 |
| Principal payments on credit agreements and long-term debt | (163,481) | (98,441) |
| Payments on financing lease obligations | (1,054) | (837) |
| Debt issuance costs | (5,956) | — |
| Shares withheld for taxes on equity-based compensation | (2,953) | — |
| Other financing activities | (1,280) | — |
| Net cash provided by (used in) financing activities | 9,998 | (1,894) |
| Effect of exchange rate changes on cash | 89 | (285) |
| Increase (decrease) in cash and cash equivalents | (3,472) | 20,234 |
| Cash and cash equivalents at beginning of period | 52,485 | 13,592 |
| Cash, cash equivalents, and restricted cash at end of period | $49,013 | $33,826 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||
| Cash and cash equivalents at end of period | $48,355 | $33,826 |
| Restricted cash at end of period | 658 | — |
| Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows | $49,013 | $33,826 |
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