TETRA TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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 Balance Sheets at December 31,
Consolidated Balance Sheets
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $36,987 | $52,485 |
| Restricted cash | 221 | — |
| Trade accounts receivable, net of allowance for credit losses of $626 in 2024 and $614 in 2023 | 104,813 | 111,798 |
| Inventories | 101,697 | 96,536 |
| Prepaid expenses and other current assets | 25,910 | 21,196 |
| Total current assets | 269,628 | 282,015 |
| Property, plant, and equipment: | ||
| Land and building | 24,475 | 23,173 |
| Machinery and equipment | 323,044 | 304,884 |
| Automobiles and trucks | 10,325 | 10,148 |
| Chemical plants | 69,815 | 67,114 |
| Construction in progress | 34,910 | 10,323 |
| Total property, plant, and equipment | 462,569 | 415,642 |
| Less accumulated depreciation | (320,409) | (307,926) |
| Net property, plant, and equipment | 142,160 | 107,716 |
| Other assets: | ||
| Deferred tax assets | 98,149 | 910 |
| Operating lease right-of-use assets | 29,797 | 31,915 |
| Investments | 28,159 | 17,354 |
| Patents, trademarks and other intangible assets, net | 24,923 | 29,132 |
| Other assets | 12,379 | 9,919 |
| Total other assets | 193,407 | 89,230 |
| Total assets | $605,195 | $478,961 |
Consolidated Balance Sheets
(In Thousands, Except Share Amounts)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $43,103 | $52,290 |
| Compensation and employee benefits | 23,022 | 26,918 |
| Operating lease liabilities, current portion | 8,861 | 9,101 |
| Accrued taxes | 12,493 | 10,350 |
| Accrued liabilities and other | 30,040 | 27,303 |
| Current liabilities associated with discontinued operations | 5,830 | — |
| Total current liabilities | 123,349 | 125,962 |
| Long-term debt, net | 179,696 | 157,505 |
| Operating lease liabilities | 25,041 | 27,538 |
| Asset retirement obligations | 14,786 | 14,199 |
| Deferred income taxes | 4,912 | 2,279 |
| Other liabilities | 4,104 | 4,144 |
| Total long-term liabilities | 228,539 | 205,665 |
| 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, 2024 and December 31, 2023; 134,951,081 shares issued at December 31, 2024 and 133,217,848 shares issued at December 31, 2023 | 1,350 | 1,332 |
| Additional paid-in capital | 492,722 | 489,156 |
| Treasury stock, at cost; 3,138,675 shares held at December 31, 2024 and December 31, 2023 | (19,957) | (19,957) |
| Accumulated other comprehensive loss | (51,122) | (45,231) |
| Retained deficit | (168,425) | (276,709) |
| Total TETRA stockholders’ equity | 254,568 | 148,591 |
| Noncontrolling interests | (1,261) | (1,257) |
| Total equity | 253,307 | 147,334 |
| Total liabilities and equity | $605,195 | $478,961 |
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