Tetra technologies, inc. (TTI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-151,776

-160,500

-43,123

-36,970

-40,577

-84,240

-121,946

-111,228

-113,694

-62,183

-65,619

-88,309

-102,914

-239,393

-262,719

-398,165

-353,576

-209,467

-295,199

-148,192

-165,107

-167,575

-29,228

-3,907

-4,865

3,325

9,273

5,021

19,710

18,757

10,779

4,131

22,419

18,757

-32,967

-34,751

-51,660

-43,718

0

0

0

Reconciliation of net income (loss) to cash provided by (used in) operating activities:
Depreciation, amortization, and accretion

123,111

124,278

123,409

121,950

119,128

117,010

115,826

115,566

115,190

116,159

117,896

120,548

125,467

129,595

220,406

144,750

150,279

155,015

72,237

149,275

132,214

116,912

98,768

86,285

84,354

80,985

79,459

78,940

78,085

75,747

54,512

50,506

59,040

75,747

115,263

137,275

145,795

148,022

0

0

0

Impairment of Long-Lived Assets Held-for-use

0

-

0

0

0

-

0

0

0

-

-

-

-

-

44,415

55,085

54,828

44,158

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,360

77,382

91,474

91,652

88,867

0

0

0

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for deferred income taxes

0

-

0

0

0

-

0

0

0

-

0

0

-2,147

-

-1,714

41

-168

-379

27,216

11,629

7,940

-350

-35,134

-17,988

-17,788

-9,824

-5,018

-6,233

-1,016

-2,012

-12,170

-12,313

186

-2,012

-32,060

-34,516

-49,228

-45,487

0

0

0

Equity-based compensation expense

6,746

8,127

7,947

8,889

8,668

7,379

6,177

5,705

6,134

7,727

9,440

10,190

13,843

13,747

26,063

21,691

17,664

16,887

4,339

7,699

6,516

6,775

6,420

6,373

6,725

6,724

7,161

8,812

8,940

9,441

12,417

10,554

9,960

9,441

0

0

0

-

-

-

-

Stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for doubtful accounts

5,792

5,039

3,941

2,413

2,330

2,156

1,661

849

1,109

1,428

1,446

2,347

3,010

2,436

7,512

5,366

5,343

5,387

402

2,220

1,239

856

656

31

9

374

1,026

400

-103

-237

-2,093

-1,515

-1,060

-237

1,923

2,275

2,230

-1

0

0

0

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-34,072

-32,369

-32,369

-32,369

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess decommissioning/abandoning costs

-

-

-

-

-

-

-

-

-

-

-

-

-

2,629

5,419

5,448

2,546

2,661

30,881

53,765

64,994

72,724

62,784

61,400

73,890

75,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other Noncash Income (Expense)

-

-

-

-

-

-8,695

-8,818

-8,629

-8,878

-4,678

1,463

1,168

-1,785

-1,724

-7,830

-8,745

-5,068

-4,271

549

2,427

1,841

3,782

22,842

19,560

16,273

11,026

-9,616

-8,754

-9,221

-6,527

-33,095

-16,505

318

6,527

0

0

0

-

-

-

-

Amortization of deferred financing costs

0

-

0

0

0

-

0

0

4,876

-

5,157

4,279

4,122

4,141

5,326

4,281

4,164

3,961

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess decommissioning/abandoning costs and other non-cash charges and credits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from Insurance Settlement, Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,772

0

0

0

Debt financing cost expense

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CCLP Series A Preferred redemption premium

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Paid-in-Kind Interest

-

-

-

-

-

-

0

0

6,896

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities, Fair Value Adjustment

850

-1,309

768

270

-68

733

-2,709

-1,074

3,248

2,975

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair Value Adjustment of Warrants

-2,368

-1,624

-12,186

-12,443

-8,728

-11,129

6,289

6,421

-1,319

-5,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-600

-1,000

-1,100

-1,700

3,000

3,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

2,965

2,333

1,858

1,536

1,020

729

523

206

501

674

3,824

4,138

4,525

5,461

5,598

3,925

3,744

4,375

482

2,078

1,559

11

11,823

6,028

5,939

5,776

-7,280

-1,666

-1,010

-4,916

61,565

61,962

1,681

4,916

-59,401

-60,470

-736

89

0

0

0

Changes in operating assets and liabilities, net of assets acquired:
Accounts receivable

-7,719

-6,471

-15,505

12,541

9,743

5,512

28,718

24,273

37,704

55,197

29,672

37,051

20,906

-64,331

-23,513

-77,300

-79,655

-38,025

-81,370

-13,073

-4,571

7,866

4,327

-44,053

-41,634

-14,139

36,971

27,190

-7,763

-31,229

-36,988

-8,071

11,491

31,229

-1,550

9,012

5,626

6,613

0

0

0

Inventories

-625

2,770

148

10,915

31,563

29,221

33,858

19,040

14,172

11,332

-7,183

-4,892

-5,799

-1,384

-66,280

-50,085

-68,026

-70,431

31,443

24,359

37,469

21,528

-8,757

-21,238

-8,759

-3,011

10,222

5,179

1,921

-3,749

-5,355

-7,743

-6,888

3,749

13,020

16,675

21,136

17,308

0

0

0

Prepaid expenses and other current assets

-1,359

-579

2,724

5,781

2,799

3,888

2,944

2,059

5,392

1,608

2,034

772

-4,471

-3,348

-3,567

-2,423

4,229

1,806

4,499

6,109

-2,737

197

-32,291

-30,791

-14,546

-12,281

11,233

7,953

1,319

-1,335

-20,297

-22,215

-12,809

1,335

27,917

27,417

19,656

-2,092

0

0

0

Trade accounts payable and accrued expenses

-14,441

-16,545

22,583

33,475

36,687

5,463

23,793

21,086

51,270

58,937

29,782

2,199

-37,835

-54,092

-119,686

-95,963

-104,222

-97,356

8,134

17,893

27,435

67,508

8,878

-704

1,933

-16,192

-10,603

-10,650

-1,730

7,291

56,008

33,888

40,175

7,291

-26,795

-3,436

-9,929

-5,500

0

0

0

Asset Retirement Obligation, Cash Paid to Settle

-

-

-

-

-

-

-

-

-

-

821

1,094

1,135

4,040

10,695

9,337

13,118

10,305

26,389

37,964

50,578

63,319

253,784

214,663

153,074

114,109

-127,664

-122,625

-104,353

-94,419

94,445

95,409

87,945

94,419

-87,021

-105,648

-98,130

-95,872

0

0

0

Operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

5,143

4,258

4,101

4,563

3,374

3,608

4,621

2,372

1,935

1,868

-897

-284

151

494

-2,518

1,140

-2,721

-2,888

2,085

-1,980

3,583

3,476

2,358

2,029

750

7

-559

424

1,123

1,730

-2,709

-4,001

-1,657

-1,730

1,643

2,882

-492

-19

0

0

0

Net cash provided by (used in) operating activities

104,996

90,232

129,935

97,090

85,259

46,586

29,394

53,029

53,872

64,595

65,267

20,042

9,860

55,659

198,967

149,896

194,448

197,002

81,969

150,187

100,390

108,645

57,686

59,915

70,678

49,656

79,020

56,056

44,333

17,669

-48,158

-50,271

-24,314

17,669

82,348

122,785

131,840

153,325

0

0

0

Investing activities:
Payments to Acquire Property, Plant, and Equipment

88,254

108,273

124,043

135,094

145,448

141,931

130,416

102,721

75,755

51,923

34,215

28,713

22,895

21,066

132,804

56,324

74,804

120,597

50,705

152,638

151,798

131,609

111,959

102,084

103,802

101,379

100,471

103,175

108,172

107,524

88,275

127,124

113,969

107,524

125,353

177,834

137,849

107,684

0

0

0

Acquisition of businesses, net of cash acquired

-

-

-

-

-

49,630

42,002

42,002

42,002

0

0

0

0

-

-

-

-

-

-

-

-

854,031

854,031

18,337

18,337

0

0

55,836

98,777

163,305

325,110

269,274

226,333

163,305

7,750

7,750

7,750

6,250

0

0

0

Proceeds from Divestiture of Businesses

-

-

-

-

-

3,121

3,121

3,121

3,121

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on sale of property, plant, and equipment

13,946

12,885

2,516

2,045

1,426

1,138

850

789

690

862

1,146

1,455

2,356

3,354

8,883

5,471

5,495

7,135

13,726

17,220

16,414

17,527

5,450

5,207

5,303

1,794

47,964

47,722

47,479

59,325

-115,766

-115,619

73,959

59,325

188,151

190,028

635

2,997

0

0

0

Other investing activities

770

801

1,941

1,459

1,171

1,344

-6,694

-245

-762

-812

6,095

-3,625

-3,620

-3,417

-1,819

1,175

1,321

1,525

-729

-986

-1,737

-374

1,208

1,633

2,201

440

-1,946

-1,537

-1,316

-4,817

-34,480

-13,284

-13,440

-4,817

30,585

10,181

10,072

4,949

0

0

0

Net cash provided by (used in) investing activities

-85,331

-106,442

-143,120

-153,553

-152,821

-188,646

-161,753

-138,216

-110,832

-47,897

-36,812

-23,633

-16,919

-14,295

-122,102

-52,028

-70,630

-114,987

-36,250

-970,126

-969,341

-967,739

-961,748

-116,847

-119,037

-100,025

-50,561

-109,752

-158,154

-206,687

-494,671

-498,733

-252,903

-206,687

24,557

62,601

-132,968

-115,886

0

0

0

Financing activities:
Proceeds from long-term debt

273,102

282,590

266,090

453,727

359,337

767,887

835,337

714,100

784,550

384,550

388,180

355,980

415,530

458,580

785,796

613,325

601,542

535,896

195,083

964,940

878,123

837,519

817,532

151,976

148,071

140,971

107,725

151,924

90,724

88,426

152,602

90,373

90,378

88,426

90,000

90,000

90,000

90,035

0

0

0

Principal payments on long-term debt

277,277

258,217

241,691

410,852

339,236

581,935

627,812

552,850

603,100

384,100

505,582

495,832

617,982

689,783

952,570

745,526

691,692

598,070

213,467

445,319

317,806

289,900

230,207

82,362

91,898

120,664

124,365

112,578

66,786

28,597

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

CCLP distributions

-1,235

-1,233

-6,220

-10,857

-15,173

-19,224

-17,939

-16,864

-15,936

-18,826

-22,129

-25,482

-28,995

-28,956

-52,249

-33,511

-35,751

-37,816

-15,970

-28,784

-20,598

-12,569

-5,051

-4,961

-4,900

-4,846

-4,723

-4,606

-4,639

-4,513

-7,781

-6,813

-5,578

-4,513

0

0

0

-

-

-

-

Redemptions of CCLP Series A Preferred

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock and exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

303

-87

742

1,044

1,032

1,767

1,885

1,729

2,251

1,740

929

1,110

784

-973

-849

-1,080

784

2,938

2,800

3,228

1,287

0

0

0

Tax remittances on equity based compensation

471

581

631

633

904

768

887

989

1,096

803

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from equity compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

1

20

198

-865

-999

-485

198

1,511

1,661

1,254

517

0

0

0

Debt issuance costs and other financing activities

-515

-435

6,342

-3,661

-5,233

-11,217

-18,516

-8,747

-8,177

-2,157

-3,552

-5,269

-6,186

-6,073

-7,838

-5,601

-3,756

-3,750

0

0

0

-

-

-

-

-1,978

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-26,099

-5,925

-4,159

8,215

-9,304

154,994

170,434

134,650

156,241

-21,336

-36,019

3,644

-4,062

-32,633

-101,726

-113,217

-130,662

-104,488

-30,185

827,266

876,325

871,644

914,117

64,498

51,024

15,734

-20,384

35,363

20,429

56,298

64,117

2,972

54,638

56,298

44,773

44,910

-3,265

-5,908

0

0

0

Effect of exchange rate changes on cash

-972

-199

-645

-137

708

779

1,407

1,613

914

1,122

-264

-720

-1,920

-1,987

-4,089

-2,675

-1,839

-2,854

-589

-2,955

-3,160

-2,920

-2,516

-509

-946

-659

-307

-367

576

2,356

5,316

2,054

2,081

2,356

-944

4,251

2,464

435

0

0

0

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-7,406

-22,334

-17,989

-48,385

-76,158

13,713

39,482

51,076

100,195

-3,516

-7,828

-667

-13,041

6,744

-28,950

-18,024

-8,683

-25,327

14,945

4,372

4,214

9,630

7,539

7,057

1,719

-35,294

7,768

-18,700

-92,816

-130,364

-473,396

-543,978

-220,498

-130,364

150,734

234,547

-1,929

31,966

0

0

0

Supplemental cash flow information:
Interest paid

68,209

68,332

80,683

71,100

54,095

56,261

31,018

42,180

49,601

46,286

46,286

48,519

49,079

54,506

80,808

52,776

55,955

52,491

43,300

52,594

49,021

33,092

17,279

17,028

17,718

17,728

19,691

19,254

19,150

18,711

18,721

18,711

18,711

18,711

16,895

19,202

16,839

19,136

0

0

0

Income taxes paid

7,109

7,274

6,952

5,867

4,993

4,680

5,519

5,680

6,184

6,782

6,160

6,008

5,443

4,254

9,281

4,558

4,527

6,710

322

6,571

8,325

8,729

10,414

10,193

8,770

7,438

7,125

8,047

7,153

8,020

28,973

28,348

20,353

8,020

-11,675

-12,434

6,310

29,095

0

0

0

Adjustment of fair value of decommissioning liabilities capitalized to oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,391

63,027

64,851

65,664

0

0

0