Tidewater Inc. (TDW) financial statements (2020 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
12/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments218372706678796041
Cash and cash equivalents218372706678796041
Restricted cash and investments626     
Receivables130111123228303252393
Prepaid expense22   4957
Assets held-for-sale, not part of disposal group39   
Prepaid expense and other current assets74
Other current assets 1218451821
Other undisclosed current assets122162293372420429 
Total current assets:5376831,1411,323869820508
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment9391,0902,8653,5513,7463,6223,190
Long-term investments and receivables 14538666446
Long-term investments 14538666446
Intangible assets, net (including goodwill)   (371) 284298
Goodwill   (371) 284298
Estimated insurance recoveries    10
Deferred costs   91795
Other noncurrent assets3631140787596
Prepaid expense and other noncurrent assets126
Other undisclosed noncurrent assets6322 362(28)(9)(5)
Total noncurrent assets:1,0421,1443,0493,6673,8874,0663,660
TOTAL ASSETS:1,5801,8284,1914,9914,7564,8864,168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities102103110141291296277
Accounts payable28323249547564
Accrued liabilities74627892146157159
Employee-related liabilities    322723
Taxes payable 9  453631
Interest and dividends payable    15  
Debt  2,0342,0521010 
Due to related parties 35133188186  
Deferred revenue and credits    1
Other liabilities24184875827140
Other undisclosed current liabilities60243(87)26(52)
Total current liabilities:1861582,3292,459482402267
Noncurrent Liabilities
Long-term debt and lease obligation279430  1,5241,5051,000
Long-term debt, excluding current maturities279430  1,5241,5051,000
Liabilities, other than long-term debt9890201216298329371
Pension and other postretirement defined benefit plans, liabilities2328
Deferred tax liabilities, net 463523109190
Liability for uncertainty in income taxes    161814
Liability, pension and other postretirement and postemployment benefits    23
Other liabilities9890155182235179139
Other undisclosed noncurrent liabilities 4109(29)(36) 
Total noncurrent liabilities:3775242112261,7931,7991,371
Total liabilities:5636832,5402,6852,2752,2001,637
Stockholders' equity
Stockholders' equity attributable to parent1,0151,1441,6352,3002,4742,6792,562
Common stock0055555
Additional paid in capital1,3681,352165167160142120
Accumulated other comprehensive income (loss)(0)2(10)(7)(20)(12)(17)
Retained earnings (accumulated deficit)(353)(211)1,4752,1352,3302,5442,454
Stockholders' equity attributable to noncontrolling interest2116666 
Total stockholders' equity:1,0161,1451,6512,3062,4812,6852,562
Other undisclosed liabilities and equity      (31)
TOTAL LIABILITIES AND EQUITY:1,5801,8284,1914,9914,7564,8864,168

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

12/31/2019
12/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues4874076029791,4961,4351,244
Revenue, net6029791,4961,4351,244
Cost of revenue(332)(295)(372)(580)(1,130)(859)(722)
Cost of goods and services sold(329)(270)(359)(561)(834)(796)(709)
Other undisclosed gross profit(148)(105)(289)(330)(80)(280) 
Gross profit:76(59)70286297523
Operating expenses(241)(219)(808)(469)(403)(375)(324)
Other undisclosed operating income148105289330802808
Operating income (loss):(87)(107)(578)(70)(37)202206
Nonoperating expense(27)(46)(66)(70)(29)(28)(11)
Investment income, nonoperating  53223
Foreign currency transaction gain (loss), before tax(1)0(2)(5)923
Interest and debt expense(29)(30)(75)(54)(50)(48)(30)
Income (loss) from continuing operations before equity method investments, income taxes:(143)(184)(719)(193)(116)125165
Income from equity method investments    101612
Other undisclosed income from continuing operations before income taxes2930755440  
Income (loss) from continuing operations before income taxes:(113)(154)(644)(140)(66)141178
Income tax expense (benefit)(28)(18)(6)(21)1(33)(44)
Net income (loss):(141)(172)(650)(160)(65)108133
Net income (loss) attributable to noncontrolling interest(1)0(10)00  
Other undisclosed net income attributable to parent     3218
Net income (loss) available to common stockholders, diluted:(142)(172)(660)(160)(65)140151

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income (loss):(141)(172)(650)(160)(65)108133
Other comprehensive income (loss)    (8)5 
Comprehensive income (loss):(141)(172)(650)(160)(74)113133
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)0(10)00  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)2713(0)3220
Comprehensive income (loss), net of tax, attributable to parent:(144)(169)(653)(147)(74)145153

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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