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)

12/31/2020
12/31/2019
12/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150 37270667879
Cash and cash equivalents150 37270667879
Restricted cash and investments2 26   
Receivables70 111123228303
Prepaid expense16    49
Assets held-for-sale, not part of disposal group34    
Other current assets  12184518
Other undisclosed current assets116 162293372420
Total current assets:389 6831,1411,323869
Noncurrent Assets
Property, plant and equipment780 1,0902,8653,5513,746
Long-term investments and receivables  1453866
Long-term investments  1453866
Intangible assets, net (including goodwill)    (371) 
Goodwill    (371) 
Estimated insurance recoveries     10
Deferred costs56   917
Other noncurrent assets26 311407875
Other undisclosed noncurrent assets  22 362(28)
Total noncurrent assets:863 1,1443,0493,6673,887
TOTAL ASSETS:1,251 1,8284,1914,9914,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69 103110141291
Accounts payable17 32324954
Accrued liabilities52 627892146
Employee-related liabilities     32
Taxes payable  9  45
Interest and dividends payable     15
Debt28  2,0342,05210
Due to related parties  35133188186
Other liabilities33 18487582
Other undisclosed current liabilities53 243(87)
Total current liabilities:183 1582,3292,459482
Noncurrent Liabilities
Long-term debt and lease obligation165 430  1,524
Long-term debt, excluding current maturities165 430  1,524
Liabilities, other than long-term debt80 90201216298
Deferred tax liabilities, net 463523
Liability for uncertainty in income taxes     16
Liability, pension and other postretirement and postemployment benefits     23
Other liabilities80 90155182235
Other undisclosed noncurrent liabilities  4109(29)
Total noncurrent liabilities:245 5242112261,793
Total liabilities:428 6832,5402,6852,275
Stockholders' equity
Stockholders' equity attributable to parent822 1,1441,6352,3002,474
Common stock0 0555
Additional paid in capital1,372 1,352165167160
Accumulated other comprehensive income (loss)(1) 2(10)(7)(20)
Retained earnings (accumulated deficit)(549) (211)1,4752,1352,330
Stockholders' equity attributable to noncontrolling interest1 11666
Total stockholders' equity:823 1,1451,6512,3062,481
TOTAL LIABILITIES AND EQUITY:1,251 1,8284,1914,9914,756

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

12/31/2020
12/31/2019
12/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues397 4076029791,496
Revenue, net6029791,496
Cost of revenue(274) (295)(372)(580)(1,130)
Cost of goods and services sold(271) (270)(359)(561)(834)
Other undisclosed gross profit(153) (105)(289)(330)(80)
Gross profit:(30) 6(59)70286
Operating expenses(310) (219)(808)(469)(403)
Other undisclosed operating income153 10528933080
Operating loss:(187) (107)(578)(70)(37)
Nonoperating expense(11) (46)(66)(70)(29)
Investment income, nonoperating17  532
Foreign currency transaction gain (loss), before tax  0(2)(5)9
Interest and debt expense(24) (30)(75)(54)(50)
Loss from continuing operations before equity method investments, income taxes:(222) (184)(719)(193)(116)
Income from equity method investments     10
Other undisclosed income from continuing operations before income taxes24 30755440
Loss from continuing operations before income taxes:(198) (154)(644)(140)(66)
Income tax expense (benefit)1 (18)(6)(21)1
Net loss:(197) (172)(650)(160)(65)
Net income (loss) attributable to noncontrolling interest0 0(10)00
Net loss available to common stockholders, diluted:(196) (172)(660)(160)(65)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
3/31/2017
3/31/2016
3/31/2015
Net loss:(197) (172)(650)(160)(65)
Other comprehensive loss     (8)
Other undisclosed comprehensive loss(1)     
Comprehensive loss:(197) (172)(650)(160)(74)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0 0(10)00
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0) 2713(0)
Comprehensive loss, net of tax, attributable to parent:(197) (169)(653)(147)(74)

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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