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)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 115 | 88 | 136 | 149 | 127 | 131 | 132 | ||
| Cash and cash equivalents | 115 | 88 | 136 | 149 | 127 | 131 | 132 | ||
| Restricted cash and investments | 5 | 1 | 5 | 1 | 24 | 20 | 9 | ||
| Receivables | (12) | (12) | 8 | (1) | 68 | 65 | 62 | ||
| Prepaid expense | 21 | 21 | 13 | 13 | 13 | 15 | 16 | ||
| Assets held-for-sale, not part of disposal group | 7 | 7 | 9 | 14 | 18 | 17 | 31 | ||
| Other undisclosed current assets | 211 | 225 | 138 | 166 | 99 | 106 | 113 | ||
| Total current assets: | 347 | 330 | 309 | 343 | 350 | 355 | 364 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 816 | 839 | 678 | 688 | 709 | 732 | 755 | ||
| Deferred costs | 58 | 54 | 44 | 41 | 41 | 40 | 47 | ||
| Other noncurrent assets | 32 | 30 | 23 | 24 | 23 | 25 | 24 | ||
| Other undisclosed noncurrent assets | 30 | 30 | |||||||
| Total noncurrent assets: | 936 | 953 | 745 | 753 | 773 | 797 | 825 | ||
| TOTAL ASSETS: | 1,283 | 1,283 | 1,054 | 1,096 | 1,123 | 1,152 | 1,189 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 216 | 219 | 122 | 73 | 70 | 67 | 63 | ||
| Accounts payable | 32 | 31 | 24 | 21 | 18 | 16 | 15 | ||
| Accrued liabilities | 106 | 109 | 55 | 52 | 52 | 51 | 48 | ||
| Employee-related liabilities | 35 | 34 | 16 | ||||||
| Taxes payable | 39 | 43 | 21 | ||||||
| Interest and dividends payable | 6 | 2 | 6 | ||||||
| Debt | 141 | 7 | 18 | ||||||
| Due to related parties | 60 | 60 | 56 | ||||||
| Other liabilities | 47 | 48 | 25 | 24 | 29 | 29 | 35 | ||
| Other undisclosed current liabilities | (79) | (79) | (22) | 62 | |||||
| Total current liabilities: | 184 | 188 | 125 | 158 | 300 | 163 | 173 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 169 | 168 | 168 | 168 | 14 | 149 | 148 | ||
| Long-term debt, excluding current maturities | 169 | 168 | 168 | 168 | 14 | 149 | 148 | ||
| Liabilities, other than long-term debt | 83 | 85 | 71 | 68 | 74 | 81 | 79 | ||
| Other liabilities | 83 | 85 | 71 | 68 | 74 | 81 | 79 | ||
| Total noncurrent liabilities: | 252 | 253 | 239 | 236 | 89 | 229 | 228 | ||
| Total liabilities: | 436 | 441 | 364 | 394 | 388 | 392 | 400 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 847 | 841 | 689 | 701 | 734 | 759 | 788 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 1,555 | 1,555 | 1,377 | 1,376 | 1,375 | 1,374 | 1,373 | ||
| Accumulated other comprehensive income (loss) | 1 | 2 | 2 | 3 | (1) | (1) | (1) | ||
| Accumulated deficit | (710) | (716) | (690) | (678) | (640) | (614) | (584) | ||
| Stockholders' equity attributable to noncontrolling interest | 0 | 1 | 0 | 0 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 847 | 842 | 690 | 702 | 735 | 760 | 789 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,283 | 1,283 | 1,054 | 1,096 | 1,123 | 1,152 | 1,189 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 192 | 163 | 106 | 105 | 92 | 90 | 84 | |
| Cost of revenue | (114) | (101) | (69) | (71) | (66) | (65) | (62) | |
| Cost of goods and services sold | (113) | (100) | (69) | (71) | (65) | (64) | (61) | |
| Other undisclosed gross profit | (38) | |||||||
| Gross profit: | 78 | 63 | 37 | 34 | 27 | 25 | (17) | |
| Operating expenses | (59) | (61) | (44) | (61) | (48) | (45) | (48) | |
| Other undisclosed operating income | 38 | |||||||
| Operating income (loss): | 19 | 2 | (7) | (27) | (22) | (20) | (26) | |
| Nonoperating income (expense) | (8) | (20) | 0 | (14) | (4) | (3) | (7) | |
| Foreign currency transaction gain (loss), before tax | (4) | (2) | 1 | 1 | (1) | 0 | ||
| Interest and debt expense | (16) | (0) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 11 | (18) | (7) | (57) | (26) | (24) | (34) | |
| Other undisclosed income from continuing operations before income taxes | 16 | 0 | ||||||
| Income (loss) from continuing operations before income taxes: | 11 | (18) | (7) | (41) | (26) | (24) | (34) | |
| Income tax expense (benefit) | (6) | (7) | (5) | 3 | (1) | (6) | (2) | |
| Net income (loss): | 5 | (25) | (12) | (38) | (26) | (30) | (36) | |
| Net income (loss) attributable to noncontrolling interest | 0 | (1) | 0 | 0 | 0 | 0 | 0 | |
| Net income (loss) available to common stockholders, diluted: | 5 | (26) | (12) | (38) | (26) | (29) | (35) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5 | (25) | (12) | (38) | (26) | (30) | (36) | |
| Other undisclosed comprehensive income (loss) | (0) | (1) | (0) | 4 | (0) | (0) | (0) | |
| Comprehensive income (loss): | 5 | (26) | (12) | (34) | (27) | (30) | (36) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (1) | 0 | 0 | 0 | 0 | 0 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | 1 | (0) | (0) | (0) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 5 | (26) | (12) | (34) | (27) | (30) | (35) | |
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.