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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,987 $ 52,485
Restricted cash 221 0
Trade accounts receivable, net of allowance for credit losses of $626 in 2024 and $614 in 2023 104,813 111,798
Inventories 101,697 96,536
Prepaid expenses and other current assets 25,910 21,196
Total current assets 269,628 282,015
Property, plant, and equipment:    
Land and building 24,475 23,173
Machinery and equipment 323,044 304,884
Automobiles and trucks 10,325 10,148
Chemical plants 69,815 67,114
Construction in progress 34,910 10,323
Total property, plant, and equipment 462,569 415,642
Less accumulated depreciation (320,409) (307,926)
Net property, plant, and equipment 142,160 107,716
Other assets:    
Deferred tax assets 98,149 910
Operating lease right-of-use assets 29,797 31,915
Investments 28,159 17,354
Patents, trademarks and other intangible assets, net 24,923 29,132
Other assets 12,379 9,919
Total other assets 193,407 89,230
Total assets 605,195 478,961
Current liabilities:    
Trade accounts payable 43,103 52,290
Compensation and employee benefits 23,022 26,918
Operating lease liabilities, current portion 8,861 9,101
Accrued taxes 12,493 10,350
Accrued liabilities and other 30,040 27,303
Current liabilities associated with discontinued operations 5,830 0
Total current liabilities 123,349 125,962
Long-term debt, net 179,696 157,505
Operating lease liabilities 25,041 27,538
Asset retirement obligations 14,786 14,199
Deferred income taxes 4,912 2,279
Other liabilities 4,104 4,144
Total long-term liabilities 228,539 205,665
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, 2024 and December 31, 2023; 134,951,081 shares issued at December 31, 2024 and 133,217,848 shares issued at December 31, 2023 1,350 1,332
Additional paid-in capital 492,722 489,156
Treasury stock, at cost; 3,138,675 shares held at December 31, 2024 and December 31, 2023 (19,957) (19,957)
Accumulated other comprehensive loss (51,122) (45,231)
Retained deficit (168,425) (276,709)
Total TETRA stockholders’ equity 254,568 148,591
Noncontrolling interests (1,261) (1,257)
Total equity 253,307 147,334
Total liabilities and equity $ 605,195 $ 478,961