Tetra technologies, inc. (TTI)
Income statement / Quarterly
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'10Sep'09Jun'09
Revenues

222,942

259,462

245,947

288,796

243,728

282,471

256,851

260,072

199,381

200,081

183,677

179,931

159,409

95,849

176,553

175,660

169,329

257,590

305,144

316,319

251,092

315,850

306,371

242,489

212,857

225,435

254,303

221,101

208,559

231,140

233,986

234,909

180,796

221,738

201,434

235,114

222,545

213,249

211,918

241,618

205,893

253,975

217,944

Income before discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

13,635

5,456

22,812

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

3

-1

66

-6

-54

-3

-272

-17

-75

-29

-150

-

Cost of revenues:
Cost of Goods and Services Sold [Abstract]
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-525

59,577

-

-

544

157

-

-

-

Depreciation, amortization, and accretion

29,460

30,914

30,867

31,817

30,628

30,045

29,460

28,979

26,441

25,803

25,942

25,784

26,524

18,150

31,852

33,538

33,607

38,697

38,909

39,067

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

-14,808

16,226

36,937

37,392

13,223

52,330

45,635

36,834

37,445

40,618

Impairment of Long-Lived Assets Held-for-use

5,371

91,939

800

2,311

146

681

2,940

0

0

-

0

-

-

6,167

0

257

10,670

44,158

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance Recoveries

-

-

1,042

-

-

-

0

-

-

-

2,352

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenues

183,525

297,199

200,987

240,430

207,518

237,287

215,521

212,271

171,398

183,531

141,026

150,396

139,755

84,646

147,800

159,388

164,718

254,836

234,610

246,458

205,005

315,875

271,627

207,014

188,007

206,894

206,861

190,052

170,199

199,710

183,539

181,801

148,401

152,203

165,766

199,301

196,181

281,247

183,139

193,786

170,799

191,202

177,555

Gross profit

39,417

-37,737

44,960

48,366

36,210

45,184

41,330

47,801

27,983

16,550

42,651

29,535

19,654

11,203

28,753

16,272

4,611

2,754

70,534

69,861

46,087

-25

34,744

35,475

24,850

18,541

47,442

31,049

38,360

31,430

50,447

53,108

32,395

69,535

35,668

35,813

26,364

-67,998

28,779

47,832

35,094

62,773

40,389

General and administrative expense

30,537

34,249

34,926

36,295

34,277

33,580

34,446

33,617

30,803

29,518

29,685

29,460

26,751

19,041

28,589

27,181

33,611

44,161

40,910

37,472

35,269

39,900

37,099

32,270

33,420

32,434

31,776

34,028

33,228

35,518

33,774

31,466

30,891

47,375

27,506

29,006

27,762

27,794

24,606

24,955

22,777

24,230

22,454

Goodwill, Impairment Loss

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

106,205

177,006

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,317

38,543

17,935

Interest expense, net

17,856

-

18,146

18,529

18,379

-

18,894

18,379

14,973

-

14,654

14,328

13,767

15,315

14,325

14,335

14,639

14,167

13,196

13,319

13,793

15,772

9,878

4,604

4,711

4,536

4,207

4,178

4,200

4,587

4,258

4,084

4,151

4,719

4,085

4,085

4,191

4,554

4,484

4,238

4,028

2,969

3,411

Fair Value Adjustment Of Warrants, Income Statement

-338

-589

78

-1,520

407

-11,151

-179

2,195

-1,994

6,267

-47

-5,545

-5,976

2,106

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred, Fair Value Adjustment

0

-

0

-146

-1,163

-

-498

512

-

-

1,137

4,834

-1,631

-

-6,294

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities, Fair Value Adjustment

-

-

-

-

-

-

-

-

-1,358

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) Related to Litigation Settlement

-

-

-

-

-

-

-

-

-

0

0

0

12,816

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Nonoperating Income (Expense)

-439

-823

690

-627

951

-720

-619

-3,808

-2,776

-54

425

-775

-461

-672

-2,130

-2,210

704

-5,035

-1,005

-962

921

114

-12,594

-1,095

2,598

-4,993

7,243

2,762

2,279

-1,326

661

882

4,399

18,535

-722

-14,745

1,548

2,701

-437

-2,056

-183

1,687

885

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-9,077

-

-7,500

-5,711

-17,065

-

-12,948

-9,686

-19,933

-

-79

-4,649

-4,164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before taxes and discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,211

-5,085

13,076

18,440

1,752

-18,160

2,830

47,554

-4,041

-102,599

-204

20,538

8,472

33,887

-

Income before taxes and discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,639

Provision (benefit) for income taxes

1,154

486

1,579

2,490

1,609

2,825

-96

2,446

1,124

-3,425

778

3,317

81

352

1,443

1,770

-1,409

-1,292

4,687

2,741

1,568

27,601

-12,360

-944

-4,593

-8,526

5,848

-1,887

1,111

-1,912

4,475

6,262

604

-6,943

870

17,031

-1,529

-39,996

-391

6,903

3,016

11,075

4,429

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-10,231

-114,333

-9,079

-8,201

-18,674

3,316

-12,852

-12,132

-21,057

-31,726

-857

-7,966

-4,245

-26,197

-22,585

-27,454

-149,140

-

15,423

18,108

-2,054

-

-24,827

-2,494

-10,683

-13,081

18,702

-4,395

2,100

-3,173

8,601

12,178

1,148

-11,217

1,960

30,523

-2,512

-

-

-

-

-

9,210

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-145

-

-9,130

-345

-426

-

796

-21

-41,706

-

-481

-6,653

-7,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

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

-231,948

10,736

15,367

-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

22,662

9,175

Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

844

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Income) loss attributable to noncontrolling interest

-8,825

-

-2,378

-1,633

-8,262

-

-5,120

-6,188

-9,115

-

-4,483

-3,628

-8,789

-

-9,019

-2,650

-59,406

-

981

442

825

-

-1,930

907

844

-

744

423

797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (income) attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

889

607

466

-

567

95

0

-

0

0

-

-

-

Net Income (Loss) Attributable to Parent

-1,551

-113,831

-15,831

-6,913

-10,838

4,932

-6,936

-5,965

-53,648

-28,739

3,145

-10,991

-2,463

-31,554

-15,009

-26,574

-88,325

-146,416

9,755

14,925

-4,447

-149,750

-10,537

-2,457

-6,934

-10,329

12,110

-2,931

1,303

-4,008

7,713

11,574

681

-13,286

1,387

30,374

-2,515

-

170

13,560

-

-

-

Basic net income per common share:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share

-0.01

-0.88

-0.06

-0.06

-0.09

0.05

-0.06

-0.05

-0.10

-0.22

0.03

-0.04

0.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-0.05

0.10

0.15

0.01

-0.18

0.02

0.40

-0.03

-0.82

0.00

0.18

0.07

0.30

0.12

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.00

-0.01

-0.07

0.00

0.00

0.02

0.00

0.00

-0.36

-0.03

0.00

-0.06

-0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

0.00

Net income (loss) attributable to TETRA stockholders

-0.01

-0.89

-0.13

-0.06

-0.09

0.07

-0.06

-0.05

-0.46

-0.25

0.03

-0.10

-0.02

-0.26

-0.16

-0.32

-1.11

-1.84

0.12

0.19

-0.06

-1.91

-0.13

-0.03

-0.09

-0.14

0.16

-0.04

0.02

-0.05

0.10

0.15

0.01

-0.18

0.02

0.40

-0.03

-0.83

0.00

0.18

0.07

0.30

0.12

Weighted Average Number of Shares Outstanding, Basic

125,587

125,539

125,568

125,612

125,681

130,643

125,689

122,474

117,598

114,702

114,563

114,534

114,197

96,135

91,746

81,842

79,421

79,385

79,219

79,165

78,907

78,886

78,683

78,525

78,306

78,219

78,030

77,896

77,671

77,496

77,329

77,278

77,069

79,625

76,717

76,579

76,251

75,751

75,538

75,491

75,376

75,013

74,980

Diluted net income per common share:
Income (Loss) from Continuing Operations, Per Diluted Share

-0.01

-0.88

-0.06

-0.06

-0.09

0.05

-0.06

-0.05

-0.10

-0.22

0.03

-0.04

0.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-0.06

0.10

0.15

0.01

-0.18

0.02

0.39

-0.03

-0.82

0.00

0.18

0.07

0.30

0.12

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

0.00

-0.01

-0.07

0.00

0.00

0.02

0.00

0.00

-0.36

-0.03

0.00

-0.06

-0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

0.00

0.00

Net income (loss) attributable to TETRA stockholders

-0.01

-0.89

-0.13

-0.06

-0.09

0.07

-0.06

-0.05

-0.46

-0.25

0.03

-0.10

-0.02

-0.26

-0.16

-0.32

-1.11

-1.84

0.12

0.19

-0.06

-1.91

-0.13

-0.03

-0.09

-0.13

0.15

-0.04

0.02

-0.06

0.10

0.15

0.01

-0.18

0.02

0.39

-0.03

-0.83

0.00

0.18

0.07

0.30

0.12

Weighted Average Number of Shares Outstanding, Diluted

125,587

125,539

125,568

125,612

125,681

130,643

125,689

122,474

117,598

114,589

114,569

114,534

114,304

96,135

91,746

81,842

79,421

78,062

79,792

79,915

78,907

78,886

78,683

78,525

78,306

80,106

78,963

77,896

78,395

75,635

78,938

78,998

78,281

78,946

78,340

78,315

76,251

71,897

76,621

76,857

76,781

76,060

75,401

Product [Member]
Revenues

85,033

115,260

93,377

135,350

91,781

123,517

102,070

107,687

75,953

78,680

72,566

86,180

67,978

71,386

55,162

64,446

57,697

98,475

124,748

149,652

84,886

115,334

100,021

82,871

76,752

70,230

79,027

79,350

71,538

71,547

61,597

75,782

67,229

11,117

53,225

105,290

106,523

111,194

91,624

113,915

103,193

82,476

92,380

Cost of product sales

58,967

80,527

71,957

108,253

74,588

99,407

81,817

86,115

60,214

62,156

49,999

61,767

49,582

58,864

38,832

51,011

45,259

62,982

92,542

105,084

63,579

119,603

102,523

76,706

65,029

72,591

74,240

80,135

55,738

74,295

54,996

62,516

50,490

25,855

56,738

82,686

77,018

104,373

62,043

71,327

64,932

58,598

68,627

Service [Member]
Revenues

137,909

144,202

152,570

153,446

151,947

158,954

154,781

152,385

123,428

121,401

111,111

93,751

91,431

24,463

121,391

111,214

111,632

159,115

180,396

166,667

166,206

200,516

206,350

159,618

136,105

155,205

175,276

141,751

137,021

159,593

172,389

159,127

113,567

210,621

148,209

129,824

116,022

102,055

120,294

127,703

102,700

171,499

125,564

Cost of product sales

89,727

94,597

98,356

98,049

102,156

107,154

101,304

97,177

84,743

80,696

67,437

62,845

63,649

1,465

77,116

74,582

75,182

108,999

103,159

102,307

103,084

122,799

135,870

108,301

99,938

104,238

111,870

89,841

94,790

98,094

108,311

100,064

80,578

132,796

92,802

79,678

81,771

77,325

68,766

76,824

69,033

95,159

68,310