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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,592 $ 31,551
Trade accounts receivable, net of allowance for doubtful accounts of $538 in 2022 and $289 in 2021 129,631 91,202
Inventories 72,113 69,098
Prepaid expenses and other current assets 23,112 18,539
Total current assets 238,448 210,390
Property, plant, and equipment:    
Land and building 25,723 26,380
Machinery and equipment 318,693 345,454
Automobiles and trucks 11,832 16,174
Chemical plants 63,528 61,565
Construction in progress 7,660 5,349
Total property, plant, and equipment 427,436 454,922
Less accumulated depreciation (325,856) (365,946)
Net property, plant, and equipment 101,580 88,976
Other assets:    
Other intangibles, net 32,955 36,958
Operating lease right-of-use assets 33,818 36,973
Investments 14,286 11,233
Other assets 13,279 13,736
Total other assets 94,338 98,900
Total assets 434,366 398,266
Current liabilities:    
Trade accounts payable 49,121 37,943
Compensation and employee benefits 30,958 20,811
Operating lease liabilities, current portion 7,795 8,108
Accrued taxes 9,913 7,085
Accrued liabilities and other 25,560 21,810
Current liabilities associated with discontinued operations 920 1,385
Total current liabilities 124,267 97,142
Long-term debt, net 156,455 151,936
Operating lease liabilities 28,108 31,429
Asset retirement obligations 13,671 12,984
Deferred income taxes 2,038 1,669
Other liabilities 3,430 4,543
Total long-term liabilities 203,702 202,561
Commitments and contingencies (Note 11 - “Commitments and Contingencies”)
Equity:    
Common stock, par value $0.01 per share; 250,000,000 shares authorized at December 31, 2022 and December 31, 2021; 131,800,975 shares issued at December 31, 2022 and 130,075,838 shares issued at December 31, 2021 1,318 1,301
Additional paid-in capital 477,820 475,624
Treasury stock, at cost; 3,138,675 shares held at December 31, 2022 and 3,138,675 shares held at December 31, 2021 (19,957) (19,957)
Accumulated other comprehensive income (loss) (49,063) (46,932)
Retained deficit (302,493) (310,332)
Total TETRA stockholders’ equity 107,625 99,704
Noncontrolling interests (1,228) (1,141)
Total equity 106,397 98,563
Total liabilities and equity $ 434,366 $ 398,266