Tidewater Inc. (TDW) financial statements (2021 and earlier)

Company profile

Business Address 6002 ROGERDALE ROAD
HOUSTON, TX 77072
State of Incorp. DE
Fiscal Year End December 31
SIC 44 - Water Transportation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments218359370391372461459
Cash and cash equivalents218359370391372461459
Restricted cash and investments631472675
Receivables1301251211131118897
Prepaid expense22212929   
Assets held-for-sale, not part of disposal group39      
Other current assets 131415121010
Other undisclosed current assets122123122119162202226
Total current assets:537645670674683768797
Noncurrent Assets
Operating lease, right-of-use asset4   
Property, plant and equipment9391,0231,0411,0651,090777804
Long-term investments and receivables  11111
Long-term investments  11111
Other noncurrent assets36374039312927
Other undisclosed noncurrent assets63494131221614
Total noncurrent assets:1,0421,1091,1221,1351,144823846
TOTAL ASSETS:1,5801,7541,7921,8091,8281,5911,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1027881861037789
Accounts payable28242430323131
Accrued liabilities74555756624649
Taxes payable    9 9
Debt  1010   
Due to related parties 423940354862
Other liabilities24302420181918
Other undisclosed current liabilities6010  2100
Total current liabilities:186160154156158154169
Noncurrent Liabilities
Long-term debt and lease obligation279420425427430435439
Long-term debt, excluding current maturities279420425427430435439
Liabilities, other than long-term debt98969798905458
Other liabilities98969798905458
Other undisclosed noncurrent liabilities    443
Total noncurrent liabilities:377516522526524493499
Total liabilities:563676677682683647668
Stockholders' equity
Stockholders' equity attributable to parent1,0151,0751,1141,1261,144943974
Common stock0000000
Additional paid in capital1,3681,3661,3601,3561,3521,0641,064
Accumulated other comprehensive income (loss)(0)2222(0)(0)
Accumulated deficit(353)(293)(248)(233)(211)(120)(89)
Stockholders' equity attributable to noncontrolling interest2222111
Total stockholders' equity:1,0161,0781,1161,1281,145944976
TOTAL LIABILITIES AND EQUITY:1,5801,7541,7921,8091,8281,5911,644

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues11912012612211099106
Cost of revenue(87)(81)(81)(83)(96)(67)(69)
Cost of goods and services sold(86)(81)(80)(82) (65)(68)
Other undisclosed gross profit(39)(37)(37)(35)(18)(29)(29)
Gross profit:(7)184(3)38
Operating expenses(82)(61)(49)(49)(85)(57)(37)
Other undisclosed operating income39373735182929
Operating loss:(50)(23)(4)(10)(70)(25)(0)
Nonoperating expense(9)(6)(6)(6)(12)(5)(5)
Foreign currency transaction gain (loss), before tax(1)00(1)10(1)
Interest and debt expense(6)(7)(8)(8)(8)(8)(8)
Loss from continuing operations before equity method investments, income taxes:(66)(36)(18)(23)(90)(37)(13)
Other undisclosed income from continuing operations before income taxes6788888
Loss from continuing operations before income taxes:(59)(29)(10)(15)(83)(30)(5)
Income tax expense(1)(15)(6)(6)(8)(1)(6)
Net loss:(61)(44)(16)(21)(90)(31)(11)
Net income (loss) attributable to noncontrolling interest1(0)(0)(0)(0)00
Net loss available to common stockholders, diluted:(60)(44)(16)(22)(91)(31)(11)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net loss:(61)(44)(16)(21)(90)(31)(11)
Comprehensive loss:(61)(44)(16)(21)(90)(31)(11)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(0)(0)(0)(0)00
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)0003(0)(0)
Comprehensive loss, net of tax, attributable to parent:(63)(44)(16)(21)(88)(31)(11)

Statements sources

The financial statements are based on the company's filings with the 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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