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)

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 investments11588136149127131132
Cash and cash equivalents11588136149127131132
Restricted cash and investments515124209
Receivables(12)(12)8(1)686562
Prepaid expense21211313131516
Assets held-for-sale, not part of disposal group77914181731
Other undisclosed current assets21122513816699106113
Total current assets:347330309343350355364
Noncurrent Assets
Property, plant and equipment816839678688709732755
Deferred costs58544441414047
Other noncurrent assets32302324232524
Other undisclosed noncurrent assets3030     
Total noncurrent assets:936953745753773797825
TOTAL ASSETS:1,2831,2831,0541,0961,1231,1521,189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21621912273706763
Accounts payable32312421181615
Accrued liabilities1061095552525148
Employee-related liabilities353416    
Taxes payable394321    
Interest and dividends payable626    
Debt    141718
Due to related parties    606056
Other liabilities47482524292935
Other undisclosed current liabilities(79)(79)(22)62   
Total current liabilities:184188125158300163173
Noncurrent Liabilities
Long-term debt and lease obligation16916816816814149148
Long-term debt, excluding current maturities16916816816814149148
Liabilities, other than long-term debt83857168748179
Other liabilities83857168748179
Total noncurrent liabilities:25225323923689229228
Total liabilities:436441364394388392400
Stockholders' equity
Stockholders' equity attributable to parent847841689701734759788
Common stock0000000
Additional paid in capital1,5551,5551,3771,3761,3751,3741,373
Accumulated other comprehensive income (loss)1223(1)(1)(1)
Accumulated deficit(710)(716)(690)(678)(640)(614)(584)
Stockholders' equity attributable to noncontrolling interest0100111
Total stockholders' equity:847842690702735760789
TOTAL LIABILITIES AND EQUITY:1,2831,2831,0541,0961,1231,1521,189

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

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
Revenues192163106105929084
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:786337342725(17)
Operating expenses(59)(61)(44)(61)(48)(45)(48)
Other undisclosed operating income      38
Operating income (loss):192(7)(27)(22)(20)(26)
Nonoperating income (expense)(8)(20)0(14)(4)(3)(7)
Foreign currency transaction gain (loss), before tax(4)(2)11(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 interest0(1)00000
Net income (loss) available to common stockholders, diluted:5(26)(12)(38)(26)(29)(35)

Comprehensive Income ($ in millions)

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 interest0(1)00000
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.

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