Tidewater Inc. (TDW) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments164,192149,037149,933218,290371,791706,404
Cash and cash equivalents164,192149,037149,933218,290371,791706,404
Restricted cash and investments1,2411,2402,0795,75525,953 
Receivables (10,196)(1,000)70,330129,700111,266123,262
Prepaid expense30,83012,60615,87621,856  
Asset, held-for-sale, not part of disposal group4,19514,42134,39639,287  
Other current assets     11,83618,409
Other undisclosed current assets187,646166,368116,035122,408162,456293,212
Total current assets:377,908342,672388,649537,296683,3021,141,287
Noncurrent Assets
Operating lease, right-of-use asset    4,338
Property, plant and equipment796,655688,040780,318938,9611,089,8572,864,762
Long-term investments and receivables     1,03945,115
Long-term investments     1,03945,115
Restricted cash and investments 2,500     
Deferred costs61,08040,73456,468   
Other noncurrent assets33,64424,33425,74236,33531,326139,535
Other undisclosed noncurrent assets25,869  62,59822,215 
Total noncurrent assets:919,748753,108862,5281,042,2321,144,4373,049,412
TOTAL ASSETS:1,297,6561,095,7801,251,1771,579,5281,827,7394,190,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities144,46472,52269,403101,501103,110109,720
Taxes payable   9,387 
Accounts payable38,94620,78816,98127,50131,93931,599
Accrued liabilities105,51851,73452,42274,00061,78478,121
Debt  27,797  2,034,124
Due to related parties    34,972132,857
Other liabilities50,32323,86532,78524,10018,36648,429
Other undisclosed current liabilities  61,55553,19460,0761,9073,583
Total current liabilities:194,787157,942183,179185,677158,3552,328,713
Noncurrent Liabilities
Long-term debt and lease obligation169,036167,885164,934279,044430,436 
Long-term debt, excluding current maturities169,036167,885164,934279,044430,436 
Liabilities, other than long-term debt67,84368,18479,79298,39789,902200,718
Deferred tax liabilities, net 46,013
Other liabilities67,84368,18479,79298,39789,902154,705
Other undisclosed noncurrent liabilities     4,12310,209
Total noncurrent liabilities:236,879236,069244,726377,441524,461210,927
Total liabilities:431,666394,011427,905563,118682,8162,539,640
Equity
Equity, attributable to parent865,968701,303822,1151,014,7991,143,8361,634,918
Common stock51414140374,712
Additional paid in capital1,556,9901,376,4941,371,8091,367,5211,352,388165,221
Accumulated other comprehensive income (loss)8,5762,668(804)(236)2,194(10,344)
Retained earnings (accumulated deficit)(699,649)(677,900)(548,931)(352,526)(210,783)1,475,329
Equity, attributable to noncontrolling interest224661,1571,6111,08716,141
Total equity:865,990701,769823,2721,016,4101,144,9231,651,059
TOTAL LIABILITIES AND EQUITY:1,297,6561,095,7801,251,1771,579,5281,827,7394,190,699

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
Revenues647,684371,033397,038486,549406,520601,611
Revenue, net601,611
Cost of revenue(399,431)(264,045)(274,185)(331,996)(295,193)(371,900)
Cost of goods and services sold(397,301)(261,814)(270,780)(329,196)(269,580)(359,171)
Other undisclosed gross profit   (152,523)(147,659)(105,261)(289,091)
Gross profit:248,253106,988(29,670)6,8946,066(59,380)
Operating expenses(221,545)(202,004)(309,655)(241,157)(218,824)(807,564)
Other undisclosed operating income   152,523147,659105,261289,091
Operating income (loss):26,708(95,016)(186,802)(86,604)(107,497)(577,853)
Nonoperating expense(29,015)(28,769)(10,859)(26,891)(46,022)(65,761)
Investment income, nonoperating   17,150  5,193
Interest and debt expense (17,413)(15,607)(24,156)(29,068)(30,439)(75,026)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(19,720)(139,392)(221,817)(142,563)(183,958)(718,640)
Other undisclosed income from continuing operations before income taxes17,41315,60724,15629,06830,43975,026
Income (loss) from continuing operations before income taxes:(2,307)(123,785)(197,661)(113,495)(153,519)(643,614)
Income tax expense (benefit)(19,886)(5,875)965(27,724)(18,252)(6,397)
Income (loss) from continuing operations:(22,193)(129,660)(196,696)(141,219)(171,771)(650,011)
Loss before gain (loss) on sale of properties:(129,660)(196,696)(141,219)(171,771)(650,011)
Net income (loss):(22,193)(129,660)(196,696)(141,219)(171,771)(650,011)
Net income (loss) attributable to noncontrolling interest444691454(524)254(10,107)
Net income (loss) available to common stockholders, diluted:(21,749)(128,969)(196,242)(141,743)(171,517)(660,118)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
3/31/2017
Net income (loss):(22,193)(129,660)(196,696)(141,219)(171,771)(650,011)
Other comprehensive income 6,404     
Other undisclosed comprehensive income (loss)(496)3,472(568)   
Comprehensive income (loss):(16,285)(126,188)(197,264)(141,219)(171,771)(650,011)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest444691454(524)254(10,107)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(444)(691)(454)(1,906)2,0876,629
Comprehensive income (loss), net of tax, attributable to parent:(16,285)(126,188)(197,264)(143,649)(169,430)(653,489)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: