Tidewater Inc. (TDGMW) Financial Statements (2026 and earlier)

Company Profile

Business Address 842 WEST SAM HOUSTON PARKWAY NORTH
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments578,761324,918274,437164,192149,037149,933
Cash and cash equivalent578,761324,918274,437164,192149,037149,933
Restricted cash and investments  2,0321,2411,2411,2402,079
Receivables(2,317)2,2123,338(10,196)(1,000)70,330
Prepaid expense38,48234,31931,93330,83012,60615,876
Asset, held-for-sale, not part of disposal group    4,19514,42134,396
Other undisclosed current assets299,209335,181280,186187,646166,368116,035
Total current assets:914,135698,662591,135377,908342,672388,649
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,072,0201,184,2821,315,122796,655688,040780,318
Restricted cash and investments   2,3002,500  
Deferred costs139,736152,550106,69861,08040,73456,468
Deferred income tax assets200,939     
Other noncurrent assets50,62627,46432,44933,64424,33425,742
Other undisclosed noncurrent assets9,45511,94615,07025,869  
Total noncurrent assets:1,472,7761,376,2421,471,639919,748753,108862,528
TOTAL ASSETS:2,386,9112,074,9042,062,7741,297,6561,095,7801,251,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities219,516201,279170,521144,46472,52269,403
Accounts payable66,34771,38544,93138,94620,78816,981
Accrued liabilities153,169129,894125,590105,51851,73452,422
Debt5,84565,386103,077  27,797
Other liabilities89,87664,94855,13350,32323,86532,785
Other undisclosed current liabilities     61,55553,194
Total current liabilities:315,237331,613328,731194,787157,942183,179
Noncurrent Liabilities
Long-term debt and lease obligation649,048571,710631,361169,036167,885164,934
Long-term debt, excluding current maturities649,048571,710631,361169,036167,885164,934
Liabilities, other than long-term debt61,37260,39664,98567,84368,18479,792
Other liabilities61,37260,39664,98567,84368,18479,792
Total noncurrent liabilities:710,420632,106696,346236,879236,069244,726
Total liabilities:1,025,657963,7191,025,077431,666394,011427,905
Equity
Equity, attributable to parent1,365,3881,114,1111,039,239865,968701,303822,115
Common stock505252514141
Additional paid in capital1,663,2471,656,8301,671,7591,556,9901,376,4941,371,809
Accumulated other comprehensive income (loss)7,2486,0605,2668,5762,668(804)
Accumulated deficit(305,157)(548,831)(637,838)(699,649)(677,900)(548,931)
Equity, attributable to noncontrolling interest(4,134)(2,926)(1,542)224661,157
Total equity:1,361,2541,111,1851,037,697865,990701,769823,272
TOTAL LIABILITIES AND EQUITY:2,386,9112,074,9042,062,7741,297,6561,095,7801,251,177

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,352,7861,345,8351,009,985647,684371,033397,038
Cost of revenue(687,002)(696,662)(560,857)(399,431)(264,045)(274,185)
Cost of product and service sold(680,582)(693,107)(556,515)(397,301)(261,814)(270,780)
Other undisclosed gross profit      (152,523)
Gross profit:665,784649,173449,128248,253106,988(29,670)
Operating expenses(383,188)(337,825)(266,913)(221,545)(202,004)(309,655)
Other undisclosed operating income      152,523
Operating income (loss):282,596311,348182,21526,708(95,016)(186,802)
Nonoperating expense(62,351)(81,860)(43,286)(29,015)(28,769)(10,859)
Investment income, nonoperating      17,150
Gain (loss), foreign currency transaction, before tax22,683(15,276)(1,370)(2,827)(369) 
Interest and debt expense(66,120)(73,218)(48,742)(17,413)(15,607)(24,156)
Income (loss) from continuing operations before equity method investments, income taxes:154,125156,27090,187(19,720)(139,392)(221,817)
Other undisclosed income from continuing operations before income taxes66,12073,21848,74217,41315,60724,156
Income (loss) from continuing operations before income taxes:220,245229,488138,929(2,307)(123,785)(197,661)
Income tax expense (benefit)113,208(50,216)(43,308)(19,886)(5,875)965
Income (loss) from continuing operations:333,453179,27295,621(22,193)(129,660)(196,696)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(129,660)(196,696)
Net income (loss):333,453179,27295,621(22,193)(129,660)(196,696)
Net income attributable to noncontrolling interest1,2081,3841,564444691454
Net income (loss) available to common stockholders, diluted:334,661180,65697,185(21,749)(128,969)(196,242)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):333,453179,27295,621(22,193)(129,660)(196,696)
Other comprehensive income    6,404  
Other undisclosed comprehensive income (loss)1,188794(3,310)(496)3,472(568)
Comprehensive income (loss):334,641180,06692,311(16,285)(126,188)(197,264)
Comprehensive income, net of tax, attributable to noncontrolling interest1,2081,3841,564444691454
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,208)(1,384)(1,564)(444)(691)(454)
Comprehensive income (loss), net of tax, attributable to parent:334,641180,06692,311(16,285)(126,188)(197,264)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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