Tidewater inc. (TDW)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
ASSETS
Current assets:
Cash and cash equivalents

187

218

359

369

391

371

461

459

442

432

459

683

706

649

674

668

678

47

88

102

78

77

124

53

60

114

45

64

40

54

136

240

320

188

302

196

245

308

51

122

223

Restricted cash

12

5

3

13

6

26

7

5

2

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade and other receivables, less allowance for credit losses of $579 as of March 31, 2020 and less allowance for doubtful accounts of $70 as of December 31, 2019.

119

110

123

121

112

111

88

96

115

114

120

116

123

174

209

201

228

261

269

262

303

301

276

291

252

615

558

467

274

361

333

322

309

287

287

293

272

282

301

312

311

Due from affiliate

128

125

124

121

119

132

174

197

207

230

245

252

262

287

300

341

338

336

346

385

420

421

407

430

429

-

-

-

118

-

-

-

-

-

-

-

-

-

-

-

-

Marine operating supplies

21

21

21

29

29

29

27

28

28

28

31

31

30

30

31

32

33

38

37

43

49

55

63

63

57

55

53

62

62

61

56

55

53

52

53

55

50

49

48

45

44

Assets held for sale

26

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

22

15

-

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

13

14

14

-

9

10

18

19

14

34

18

22

31

36

44

60

45

40

17

17

24

33

20

18

23

24

11

12

15

20

10

10

14

18

10

13

13

17

6

Total current assets

518

537

644

669

674

683

768

797

816

845

871

1,118

1,141

1,164

1,248

1,281

1,323

745

786

834

868

873

896

871

820

803

681

619

508

489

541

639

694

538

658

563

579

653

415

498

585

Investments in, at equity, and advances to unconsolidated companies

-

-

0

0

0

1

1

1

13

29

25

49

45

42

38

36

37

45

59

62

65

65

70

67

63

60

52

49

46

55

50

47

46

43

38

40

39

36

32

42

40

Properties and equipment:
Vessels and related equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

4,204

4,486

4,604

-

4,681

4,696

4,714

4,717

4,630

4,564

4,519

4,521

4,465

4,533

4,589

4,250

4,151

4,063

3,984

3,952

3,977

3,881

3,942

3,910

3,837

3,769

3,561

3,455

Other properties and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

77

78

91

-

120

120

119

119

98

98

97

97

65

65

66

83

86

93

93

93

93

92

91

85

85

84

83

82

Properties and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

4,281

4,565

4,696

-

4,802

4,816

4,833

4,837

4,729

4,663

4,617

4,618

4,531

4,599

4,656

4,333

4,237

4,156

4,078

4,045

4,071

3,974

4,033

3,996

3,922

3,853

3,645

3,537

Less accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

1,272

1,253

1,220

-

1,194

1,158

1,114

1,090

1,053

1,013

1,001

997

984

1,067

1,114

1,144

1,139

1,144

1,139

1,139

1,190

1,185

1,301

1,294

1,285

1,291

1,279

1,283

Net properties and equipment

922

938

1,022

1,041

1,065

1,089

776

803

814

850

868

2,659

2,864

3,009

3,311

3,475

3,551

3,607

3,658

3,719

3,746

3,675

3,649

3,615

3,621

3,546

3,531

3,542

3,189

3,098

3,012

2,938

2,905

2,880

2,788

2,732

2,701

2,636

2,562

2,365

2,253

Net deferred drydocking and survey costs

81

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred drydocking and survey costs

-

-

49

41

30

22

16

14

11

3

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

283

283

283

283

339

341

297

297

297

297

297

297

297

328

328

328

328

328

328

Other assets

29

36

37

39

38

31

28

26

30

31

46

92

139

98

89

84

71

82

103

96

75

102

101

92

96

153

149

144

126

113

120

118

117

117

113

110

99

100

89

88

84

Total assets

1,553

1,579

1,754

1,792

1,809

1,827

1,590

1,643

1,686

1,759

1,812

3,919

4,190

4,315

4,688

4,877

4,983

4,480

4,607

4,713

4,756

4,716

5,002

4,930

4,885

4,847

4,754

4,697

4,168

4,055

4,022

4,042

4,061

3,877

3,896

3,776

3,748

3,755

3,428

3,323

3,293

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable

30

27

23

24

29

31

30

30

45

38

39

35

31

50

64

53

49

61

60

58

54

49

63

74

74

95

89

75

59

81

89

92

74

50

55

47

45

41

42

34

41

Accrued costs and expenses

72

74

54

56

56

61

46

49

56

54

61

63

78

67

76

71

91

96

136

118

146

149

144

131

157

186

168

170

127

147

144

139

134

129

131

121

120

123

140

137

119

Due to affiliates

50

50

41

39

40

34

48

62

78

99

112

121

132

132

175

197

187

169

165

192

185

157

127

118

86

-

-

-

36

-

-

-

-

-

-

-

-

-

-

-

-

Accrued property and liability losses

-

-

-

-

-

-

2

2

2

2

2

2

3

3

3

3

3

3

3

3

3

3

3

3

3

3

4

4

4

3

3

3

3

3

3

3

3

3

3

3

4

Current portion of long-term debt

9

9

9

10

9

8

7

6

5

5

5

10

2,034

2,036

2,041

2,041

2,045

9

10

45

10

7

10

10

9

-

-

-

-

-

-

60

-

-

-

-

-

0

-

-

25

Other current liabilities

26

24

30

24

20

21

18

17

8

19

38

28

48

50

60

63

74

66

75

74

82

79

73

71

70

53

39

40

39

31

26

25

26

22

21

19

13

29

27

29

13

Total current liabilities

189

185

159

154

156

158

153

169

197

220

259

260

2,328

2,340

2,421

2,431

2,452

407

452

492

482

446

421

409

401

339

301

291

266

263

263

321

238

206

211

193

183

198

214

205

204

Long-term debt

273

279

419

424

427

430

435

438

442

443

445

80

-

-

-

-

-

1,441

1,488

1,498

1,524

1,484

1,496

1,500

1,505

1,464

1,445

1,475

1,000

930

890

890

950

825

825

700

700

700

390

300

275

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

46

56

48

41

34

35

28

25

23

42

111

110

108

189

188

189

189

211

214

214

214

213

211

218

216

218

216

213

211

Accrued property and liability losses

-

-

-

-

-

-

4

2

2

2

2

2

10

11

11

11

9

9

9

-

10

-

-

-

-

-

-

-

-

3

3

3

3

6

6

7

5

5

4

4

12

Other liabilities

91

98

96

97

98

94

53

57

58

71

62

60

154

159

164

174

181

210

224

230

235

226

188

184

179

206

174

144

139

120

130

127

128

124

128

129

128

126

124

125

125

Liabilities subject to compromise

-

-

-

-

-

-

-

-

-

-

-

2,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingencies (Note 10)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

Equity:
Common stock of $0.001 par value, 125,000,000 shares authorized, 40,259,917 and 39,941,327 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

5

5

5

5

5

5

5

5

5

Additional paid-in capital

1,368

1,367

1,365

1,359

1,356

1,352

1,063

1,064

1,061

1,059

1,056

165

165

171

169

168

166

168

165

162

159

158

153

148

142

138

133

125

119

117

112

107

102

98

95

92

90

83

79

76

73

Accumulated deficit

-371

-352

-292

-248

-232

-210

-120

-89

-78

-39

-15

950

1,475

1,570

1,867

2,046

2,135

2,216

2,248

2,303

2,330

2,351

2,623

2,575

2,544

2,513

2,513

2,471

2,453

2,419

2,421

2,393

2,437

2,416

2,430

2,448

2,436

2,437

2,416

2,409

2,402

Accumulated other comprehensive income (loss)

0

-0

2

2

2

2

-0

-0

-0

-0

0

-10

-10

-6

-6

-6

-6

-20

-20

-20

-20

-11

-11

-11

-12

-16

-16

-16

-17

-16

-19

-19

-19

-18

-18

-18

-18

-20

-21

-17

-16

Total stockholders’ equity

997

1,014

1,075

1,113

1,126

1,143

942

974

983

1,019

1,040

1,110

1,634

1,739

2,035

2,212

2,299

2,370

2,398

2,451

2,474

2,502

2,770

2,716

2,679

2,639

2,634

2,585

2,561

2,526

2,520

2,486

2,526

2,501

2,512

2,528

2,513

2,506

2,479

2,474

2,464

Noncontrolling interests

1

1

2

1

1

1

0

1

2

2

1

14

16

8

7

6

6

5

5

6

6

6

6

6

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

998

1,016

1,077

1,115

1,127

1,144

943

975

985

1,021

1,042

1,125

1,651

1,747

2,042

2,218

2,305

2,375

2,403

2,457

2,480

2,508

2,776

2,723

2,685

-

-

-

2,561

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

1,553

1,579

1,754

1,792

1,809

1,827

1,590

1,643

1,686

1,759

1,812

3,919

4,190

4,315

4,688

4,877

4,983

4,480

4,607

4,713

4,756

4,716

5,002

4,930

4,885

4,847

4,754

4,697

4,168

4,055

4,022

4,042

4,061

3,877

3,896

3,776

3,748

3,755

3,428

3,323

3,293