← TETRA TECHNOLOGIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($239.4m) | ($62.2m) | ($61.6m) | ($147.4m) | ($98.9m) | $103.3m | $7.8m | $25.8m | $108.3m | $3.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($239.4m) | ($62.2m) | ($84.2m) | ($160.5m) | ($98.9m) | $103.6m | $7.8m | $25.8m | $108.3m | $3.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($42.7m) | ($150.3m) | ($26.8m) | ($16.8m) | $7.6m | $25.5m | $113.6m | $4.2m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($41.5m) | ($10.2m) | ($24.2m) | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | ($41.5m) | ($10.2m) | ($72.1m) | $120.4m | $195k | $278k | ($5.3m) | ($1.2m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($47.8m) | $269k | ($43k) | ($27k) | ($4k) | ($7k) | |
| Depreciation, Depletion and Amortization | $129.6m | $116.2m | $117.0m | $124.3m | $118.7m | $33.5m | $32.8m | $34.3m | $35.7m | $37.1m | |
| Amortization of Debt Issuance Costs | $4.1m | $4.7m | $4.3m | — | — | $3.1m | $3.4m | $3.4m | $1.4m | $2.0m | |
| Amortization of Intangible Assets | $7.0m | $6.2m | $7.3m | $8.5m | $5.3m | $5.1m | $4.9m | $4.5m | $4.2m | $3.5m | |
| Depreciation | $120.3m | $107.9m | $106.9m | $116.2m | $32.4m | $27.8m | $27.3m | $29.2m | $28.4m | $28.5m | |
| Deferred Income Tax Expense (Benefit) | ($1.8m) | ($3.0m) | ($596k) | ($297k) | ($31k) | ($71k) | $537k | ($734k) | ($94.5m) | $8.7m | |
| Share-based Payment Arrangement, Noncash Expense | $13.7m | $7.7m | $7.4m | $8.1m | $6.6m | $4.7m | $6.9m | $10.6m | $6.6m | $7.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $803k | $768k | $581k | $445k | — | — | — | $3.0m | $3.2m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $2.4m | — | — | — | |
| Goodwill, Impairment Loss | $106.2m | $0 | $0 | $25.8m | $0 | $0 | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $3.6m | |
| Gain (Loss) on Disposition of Assets | — | — | ($32.4m) | ($7.5m) | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $1.4m | — | — | — | — | — | $0 | $0 | ($5.5m) | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $2.4m | $674k | $1.1m | $2.3m | $2.9m | $1.0m | $1.7m | $6.7m | $2.9m | $641k | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $0 | $120.1m | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $5.5m | $674k | $729k | $2.3m | $4.7m | $482k | $1.2m | $562k | $338k | $354k | |
| Income Tax Expense (Benefit) | $2.3m | $1.2m | $6.3m | $6.2m | ($1.8m) | $2.1m | $3.6m | $6.2m | ($84.9m) | $22.3m | |
| Other Nonoperating Income (Expense) | ($3.6m) | ($633k) | ($7.2m) | $191k | ($135k) | $16.4m | $4.5m | $9.1m | $6.9m | ($11.6m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($64.3m) | $55.2m | $5.5m | ($6.5m) | ($62.6m) | $27.8m | $39.8m | ($20.2m) | ($5.7m) | ($5.8m) | |
| Increase (Decrease) in Inventories | ($1.4m) | $11.3m | $29.2m | $2.8m | ($17.0m) | ($5.4m) | $4.5m | $23.2m | $8.8m | $9.7m | |
| Asset Retirement Obligation, Accretion Expense | $2.2m | $2.1m | $563k | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $900k | ($1.6m) | ($100k) | ($3.1m) | $2.7m | ($1.4m) | ($1.1m) | $3.5m | $3.8m | $8.3m | |
| Foreign Currency Transaction Gain (Loss), Realized | $2.0m | ($1.3m) | ($400k) | $2.3m | $200k | $100k | $400k | $0 | $0 | ($700k) | |
| Gain (Loss) Related to Litigation Settlement | — | $10.0m | $0 | $0 | — | — | — | — | — | — | |
| General and Administrative Expense | $116.0m | $121.9m | $132.4m | $139.7m | $76.7m | $75.0m | $91.9m | $96.6m | $90.0m | $100.6m | |
| Goodwill | $6.6m | $6.6m | $25.9m | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | $0 | $0 | $3.9m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | $15.5m | $0 | $0 | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $998.8m | $1.0b | $377.7m | $388.3m | $553.2m | $626.3m | $599.1m | $630.9m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | ($2.2m) | $180k | $539k | $8.6m | $2.2m | |
| Net Cash Provided by (Used in) Operating Activities | $54.0m | $64.6m | $46.6m | $90.2m | $76.9m | $4.7m | $19.0m | $70.2m | $36.5m | $100.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $21.1m | $51.9m | $141.9m | $108.3m | $29.4m | $20.5m | $40.1m | $38.2m | $60.7m | $80.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | $49.6m | $12.0m | $0 | $0 | $917k | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | — | — | — | $5.0m | $0 | $350k | $1.0m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($3.5m) | ($616k) | $1.3m | $801k | $1.4m | ($934k) | $987k | $1.9m | $275k | $199k | |
| Net Cash Provided by (Used in) Investing Activities | ($14.3m) | ($48.1m) | ($188.6m) | ($106.4m) | $6.0m | ($5.2m) | ($36.5m) | ($27.0m) | ($59.1m) | ($61.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $458.6m | $384.6m | $767.9m | $282.6m | $477.6m | $1.6m | $13.8m | $97.5m | $184.8m | $390k | |
| Repayments of Long-term Debt | $689.8m | $384.1m | $581.9m | $258.2m | $487.6m | $50.5m | $12.5m | $100.5m | $163.6m | $390k | |
| Proceeds from Issuance of Common Stock | $152.7m | $10k | $274k | ($2k) | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($6.1m) | ($2.2m) | ($11.2m) | ($435k) | ($6.0m) | ($1.2m) | $0 | $0 | ($1.3m) | ($1.3m) | |
| Net Cash Provided by (Used in) Financing Activities | ($31.0m) | ($21.3m) | $155.0m | ($5.9m) | ($17.6m) | ($50.1m) | $40k | ($4.7m) | $8.9m | ($5.4m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.0m) | $1.1m | $779k | ($199k) | $805k | ($1.8m) | ($452k) | $377k | ($1.6m) | $1.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.0m) | $1.1m | $13.7m | ($22.3m) | $66.1m | ($52.3m) | ($18.0m) | $38.9m | ($15.3m) | $35.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $29.9m | $26.4m | $40.1m | $17.8m | $83.9m | $31.6m | $13.6m | $52.5m | $37.2m | $72.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $54.5m | $46.3m | $56.3m | $68.3m | $63.9m | $14.3m | $15.7m | $19.2m | $21.7m | $16.8m | |
| Income Taxes Paid, Net | $4.3m | $6.8m | $4.7m | $7.3m | $5.6m | $2.1m | $3.3m | $4.8m | $6.0m | $12.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.