Tidewater Inc. (TDW) Financial Statements (2023 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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments149  372706
Cash and cash equivalents149  372706
Restricted cash and investments1  26 
Receivables(1)  111123
Prepaid expense13    
Assets held-for-sale, not part of disposal group14    
Other current assets   1218
Other undisclosed current assets166  162293
Total current assets:343  6831,141
Noncurrent Assets
Property, plant and equipment688  1,0902,865
Long-term investments and receivables   145
Long-term investments   145
Deferred costs41    
Other noncurrent assets24  31140
Other undisclosed noncurrent assets   22 
Total noncurrent assets:753  1,1443,049
TOTAL ASSETS:1,096  1,8284,191
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73  103110
Accounts payable21  3232
Accrued liabilities52  6278
Taxes payable   9 
Debt    2,034
Due to related parties   35133
Other liabilities24  1848
Other undisclosed current liabilities62  24
Total current liabilities:158  1582,329
Noncurrent Liabilities
Long-term debt and lease obligation168  430 
Long-term debt, excluding current maturities168  430 
Liabilities, other than long-term debt68  90201
Deferred tax liabilities, net 46
Other liabilities68  90155
Other undisclosed noncurrent liabilities   410
Total noncurrent liabilities:236  524211
Total liabilities:394  6832,540
Stockholders' equity
Stockholders' equity attributable to parent701  1,1441,635
Common stock0  05
Additional paid in capital1,376  1,352165
Accumulated other comprehensive income (loss)3  2(10)
Retained earnings (accumulated deficit)(678)  (211)1,475
Stockholders' equity attributable to noncontrolling interest0  116
Total stockholders' equity:702  1,1451,651
TOTAL LIABILITIES AND EQUITY:1,096  1,8284,191

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
Revenues371  407602
Revenue, net602
Cost of revenue(264)  (295)(372)
Cost of goods and services sold(262)  (270)(359)
Other undisclosed gross profit   (105)(289)
Gross profit:107  6(59)
Operating expenses(202)  (219)(808)
Other undisclosed operating income   105289
Operating loss:(95)  (107)(578)
Nonoperating expense(29)  (46)(66)
Interest and debt expense(16)  (30)(75)
Loss from continuing operations before equity method investments, income taxes:(139)  (184)(719)
Other undisclosed income from continuing operations before income taxes16  3075
Loss from continuing operations before income taxes:(124)  (154)(644)
Income tax expense(6)  (18)(6)
Net loss:(130)  (172)(650)
Net income (loss) attributable to noncontrolling interest1  0(10)
Net loss available to common stockholders, diluted:(129)  (172)(660)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
Net loss:(130)  (172)(650)
Other undisclosed comprehensive income3    
Comprehensive loss:(126)  (172)(650)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1  0(10)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)  27
Comprehensive loss, net of tax, attributable to parent:(126)  (169)(653)

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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