TETRA Technologies, Inc. TTI Cash Flow

Tetra technologies, inc. (TTI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-10,376	-114,645	-18,209	-8,546	-19,100	2,732	-12,056	-12,153	-62,763	-34,974	-1,338	-14,619	-11,252	-38,410	-24,028	-29,224	-147,731	-61,736	-159,474	15,365	-3,622	-147,468	-12,467	-1,550	-6,090	-9,121	12,854	-2,508	2,100	-3,173	8,602	12,181	1,147	-11,151	1,954	30,469	-2,515	-62,875	170	13,560	5,427
Reconciliation of net income (loss) to cash provided by (used in) operating activities:
Depreciation, amortization, and accretion
29,460	30,914	30,919	31,818	30,627	30,045	29,460	28,996	28,509	28,861	29,200	28,620	29,478	30,598	31,852	33,539	33,606	121,409	-43,804	39,068	38,342	38,631	33,234	22,007	23,040	20,487	20,751	20,076	19,671	18,961	20,232	19,221	17,333	-2,274	16,226	27,755	34,040	37,242	38,238	36,275	36,267
Impairment of Long-Lived Assets Held-for-use
5,371	-	849	2,311	146	-	2,940	0	0	-	-	-	-	-	0	257	10,670	33,488	10,670	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,174	0	9,182	3,352	64,848	14,092	9,360	567
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106,205	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision (benefit) for deferred income taxes
55	-	-5	321	229	-	-557	-219	-61	-	-115	-310	-6	-	-469	-866	333	-712	1,286	-1,075	122	26,883	-14,301	-4,764	-8,168	-7,901	2,845	-4,564	-204	-3,095	1,630	653	-1,200	-13,253	1,487	13,152	-3,398	-43,301	-969	-1,560	343
Equity-based compensation expense
784	1,867	1,328	2,767	2,165	1,687	2,270	2,546	876	485	1,798	2,975	2,469	2,198	2,548	6,628	2,373	14,514	-1,824	2,601	1,596	1,966	1,536	1,418	1,855	1,611	1,489	1,770	1,854	2,048	3,140	1,898	2,355	5,024	1,277	1,304	1,836	-	-	-	-
Stock compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,573	1,506	1,549
Provision for doubtful accounts
1,380	1,688	2,429	295	627	590	901	212	453	95	89	472	772	113	990	1,135	198	5,189	-1,156	1,112	242	204	662	131	-141	4	37	109	224	656	-589	-394	90	-1,200	-11	61	913	960	341	16	-1,318
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-1,703	0	0	-32,369	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess decommissioning/abandoning costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-166	2	2,756	37	2,624	31	-146	152	30,844	22,915	11,083	7,882	20,904	21,531	23,573	9,304	-	-	-	-	-	-	-	-	-	-	-	-
Other Noncash Income (Expense)
-	-	-	-	-	-4,776	-303	52	-3,668	-4,899	-114	-197	532	1,242	-409	-3,150	593	-4,864	-1,324	527	1,390	-44	554	-59	3,331	19,016	-2,728	-3,346	-1,916	-1,626	-1,866	-3,813	778	-28,194	14,724	13,010	6,987	-	-	-	-
Amortization of deferred financing costs
569	-	990	608	1,292	-	1,055	909	1,224	-	1,225	1,175	1,091	1,666	347	1,018	1,110	2,851	-698	901	907	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess decommissioning/abandoning costs and other non-cash charges and credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,659	5,347	-2,977
Proceeds from Insurance Settlement, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	0	0	39,772
Debt financing cost expense
-	-	-	-	-	-	-	-	-	-	-37	0	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CCLP Series A Preferred redemption premium
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paid-in-Kind Interest
-	-	-	-	-	-	1,095	1,315	1,523	-	1,809	1,842	1,955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities, Fair Value Adjustment
0	0	0	850	-2,159	2,077	-498	512	-1,358	-1,365	1,137	4,834	-1,631	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustment of Warrants
-337	-589	78	-1,520	407	-11,151	-179	2,195	-1,994	6,267	-47	-5,545	-5,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
0	-200	0	-400	-400	-300	-600	4,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
833	750	711	671	201	275	389	155	-90	69	72	450	83	3,219	386	837	1,019	3,356	-1,287	656	1,650	-537	309	137	102	11,275	-5,486	48	-61	-1,781	128	704	-3,967	64,700	525	-59,577	-732	383	-544	157	93
Changes in operating assets and liabilities, net of assets acquired:
Accounts receivable
-3,601	6,838	-20,384	9,428	-2,353	-2,196	7,662	6,630	-6,584	21,010	3,217	20,061	10,909	-4,515	10,596	3,916	-74,328	36,303	-43,191	1,561	-32,698	-7,042	25,106	10,063	-20,261	-10,581	-23,274	12,482	7,234	40,529	-33,055	-22,471	-16,232	34,770	-4,138	-2,909	3,506	1,991	6,424	-6,295	4,493
Inventories
12,414	-4,077	6,755	-15,717	15,809	-6,699	17,522	4,931	13,467	-2,062	2,704	63	10,627	-20,577	4,995	-844	15,042	-85,473	21,190	-18,785	12,637	16,401	14,106	-5,675	-3,304	-13,884	1,625	6,804	2,444	-651	-3,418	3,546	-3,226	-2,257	-5,806	4,401	7,411	7,014	-2,151	8,862	3,583
Prepaid expenses and other current assets
2,442	-2,410	-2,496	1,105	3,222	893	561	-1,877	4,311	-51	-324	1,456	527	375	-1,586	-3,787	1,650	156	-442	2,865	-773	2,849	1,168	-5,981	2,161	-29,639	2,668	10,264	4,426	-6,125	-612	3,630	1,772	-25,087	-2,530	13,036	15,916	1,495	-3,030	5,275	-5,832
Trade accounts payable and accrued expenses
8,742	-26,889	5,578	-1,872	6,638	12,239	16,470	1,340	-24,586	30,569	13,763	31,524	-16,919	1,414	-13,820	-8,510	-33,176	-64,180	9,903	-16,769	-26,310	41,310	19,662	-7,227	13,763	-17,320	10,080	-4,590	-4,362	-11,731	10,033	4,330	4,659	36,986	-12,087	10,617	-28,225	2,900	11,272	4,124	-23,796
Asset Retirement Obligation, Cash Paid to Settle
-	-	-	-	-	-	-	-	-	-	53	23	474	271	326	64	3,379	6,926	-1,032	3,845	566	23,010	10,543	16,459	13,307	213,475	-28,578	-45,130	-25,658	-28,298	-23,539	-26,858	-15,724	160,566	-22,575	-34,322	-9,250	-20,874	-41,202	-26,804	-6,992
Operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-54	-326
Other
1,384	1,024	1,642	1,093	499	867	2,104	-96	733	1,880	-145	-533	666	-885	468	-98	1,009	-3,897	4,126	-3,959	842	1,076	61	1,604	735	-42	-268	325	-8	-608	715	1,024	599	-5,047	-577	3,368	526	-1,674	662	-6	999
Net cash provided by (used in) operating activities
22,176	5,250	46,605	30,965	7,412	44,953	13,760	19,134	-31,261	27,761	37,395	19,977	-20,538	28,433	-7,830	9,795	25,261	171,741	-56,901	54,347	27,815	56,708	11,317	4,550	36,070	5,749	13,546	15,313	15,048	35,113	-9,418	3,590	-11,616	-30,714	-11,531	29,547	30,367	33,965	28,906	38,602	51,852
Investing activities:
Payments to Acquire Property, Plant, and Equipment
12,390	19,081	28,588	28,195	32,409	34,851	39,639	38,549	28,892	23,336	11,944	11,583	5,060	5,628	6,442	5,765	3,231	117,366	-70,038	24,245	49,024	47,474	31,895	23,405	28,835	27,824	22,020	25,123	26,412	26,916	24,724	30,120	25,764	7,667	63,573	16,965	19,319	25,496	116,054	-23,020	-10,846
Acquisition of businesses, net of cash acquired
-	-	-	-	-	7,628	0	0	42,002	0	0	0	0	-	-	-	-	-	-	-	-	0	835,694	0	18,337	0	0	0	0	0	55,836	42,941	64,528	161,805	0	0	1,500	6,250	0	0	0
Proceeds from Divestiture of Businesses
-	-	-	-	-	0	0	0	3,121	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of property, plant, and equipment
1,425	10,733	938	850	364	364	467	231	76	76	406	132	248	360	715	1,033	1,246	5,889	-2,697	1,057	2,886	12,480	797	251	3,999	403	554	347	490	46,573	312	104	12,336	-128,518	459	189,682	-2,298	308	2,336	289	64
Other investing activities
-350	-89	443	766	-319	1,051	-39	478	-146	-6,987	6,410	-39	-196	-80	-3,310	-34	7	1,518	-316	112	211	-736	-573	-639	1,574	846	-148	-71	-187	-1,540	261	150	-3,688	-31,203	21,457	-6	4,935	4,199	1,053	-115	-188
Net cash provided by (used in) investing activities
-10,615	-6,488	-28,700	-39,528	-31,726	-43,166	-39,133	-38,796	-67,551	-16,273	-15,596	-11,412	-4,616	-5,188	-2,417	-4,698	-1,992	-112,995	67,657	-23,300	-46,349	-34,258	-866,219	-22,515	-44,747	-28,267	-21,318	-24,705	-25,735	21,197	-80,509	-73,107	-74,268	-266,787	-84,571	172,723	-28,052	-35,543	-46,527	-22,846	-10,970
Financing activities:
Proceeds from long-term debt
56,512	36,500	52,000	128,090	66,000	20,000	239,637	33,700	474,550	87,450	118,400	104,150	74,550	91,080	86,200	163,700	117,600	418,296	-86,271	151,917	51,954	77,483	683,586	65,100	11,350	57,496	18,030	61,195	4,250	24,250	62,229	-5	1,952	88,426	0	0	0	90,000	0	0	35
Principal payments on long-term debt
54,511	53,499	50,501	118,766	35,451	36,973	219,662	47,150	278,150	82,850	144,700	97,400	59,150	204,332	134,950	219,550	130,951	467,119	-72,094	165,716	37,329	82,516	159,758	38,203	9,423	22,823	11,913	47,739	38,189	26,524	126	1,947	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	340	392
CCLP distributions
-309	-309	-309	-308	-307	-5,296	-4,946	-4,624	-4,358	-4,011	-3,871	-3,696	-7,248	-7,314	-7,224	-7,209	-7,209	-30,607	11,514	-9,449	-9,274	-8,761	-1,300	-1,263	-1,245	-1,243	-1,210	-1,202	-1,191	-1,120	-1,093	-1,235	-1,065	-4,388	-125	0	0	-	-	-	-
Redemptions of CCLP Series A Preferred
0	-	8,240	11,414	8,346	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock and exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	275	-73	-184	285	-115	756	118	273	620	874	-38	795	109	63	143	469	-1,648	187	-88	2,333	506	49	340	392
Tax remittances on equity based compensation
319	10	113	29	429	60	115	300	293	179	217	407	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from equity compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	0	0	-7	8	19	178	-1,070	-126	533	861	243	24	126	124
Debt issuance costs and other financing activities
-235	-62	-48	-170	-155	6,715	-10,051	-1,742	-6,139	-584	-282	-1,172	-119	-1,979	-1,999	-2,089	-6	-3,744	238	-244	0	-	-	-	-	-1,224	-447	-307	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
1,138	-17,380	-7,260	-2,597	21,312	-15,614	5,114	-20,116	185,610	-174	-30,670	1,475	8,033	-14,857	8,993	-6,231	-20,538	-83,950	-2,498	-23,676	5,636	-9,647	854,953	25,383	955	32,826	5,334	11,909	-34,335	-3,292	61,081	-3,025	1,534	4,527	-64	48,641	3,194	-6,998	73	466	551
Effect of exchange rate changes on cash
-940	407	-711	272	-167	-39	-203	1,117	-96	589	3	418	112	-797	-453	-782	45	-2,899	961	54	-970	-634	-1,405	-151	-730	-230	602	-588	-443	122	542	355	1,337	3,082	-2,720	382	1,612	-218	2,475	-1,405	-417
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
11,759	-18,211	9,934	-10,888	-3,169	-13,866	-20,462	-38,661	86,702	11,903	-8,868	10,458	-17,009	7,591	-1,707	-1,916	2,776	-28,103	9,219	7,425	-13,868	12,169	-1,354	7,267	-8,452	10,078	-1,836	1,929	-45,465	53,140	-28,304	-72,187	-83,013	-289,892	-98,886	251,293	7,121	-8,794	-15,073	14,817	41,016
Supplemental cash flow information:
Interest paid
15,421	19,259	15,624	17,905	15,544	31,610	6,041	900	17,710	6,367	17,203	8,321	14,395	6,367	19,436	8,881	19,822	32,669	-8,596	12,060	16,358	23,478	698	8,487	429	7,665	447	9,177	439	9,628	10	9,073	0	9,638	0	9,073	0	7,822	2,307	6,710	2,297
Income taxes paid
1,479	1,048	1,725	2,857	1,644	726	640	1,983	1,331	1,565	801	2,487	1,929	943	649	1,922	740	5,970	-4,074	1,891	2,923	-418	2,175	3,645	3,327	1,267	1,954	2,222	1,995	954	2,876	1,328	2,862	21,907	2,251	-6,667	-9,471	2,212	1,492	12,077	13,314
Adjustment of fair value of decommissioning liabilities capitalized to oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	1,301	509	38,601	22,616	3,125	1,322