Tidewater Inc. TDW Cash Flow

Tidewater inc. (TDW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Net loss
-18,524	-60,574	-43,806	-15,553	-21,286	-90,377	-31,183	-11,182	-39,029	-23,199	-15,527	-524,410	-86,972	-296,773	-177,623	-88,643	-81,610	-19,603	-43,999	-15,164	-8,892	-160,981	60,825	43,699	43,417	12,583	54,172	30,083	46,591	29,947	41,356	32,856	33,642	34,087	-4,876	24,558	12,019	34,363	19,403	39,831	56,913	59,896	98,185	44,482
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation
17,285	-	-	-	19,034	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization items (non-cash)
-	-	-	-	-	-	-	-	-	-	-	308,011	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	17,383	11,377	11,192	11,380	11,993	8,138	36,287	37,592	41,302	43,845	44,552	45,251	45,422	45,979	45,657	45,054	43,331	43,708	43,111	42,925	42,391	42,056	40,108	38,287	37,181	36,047	35,784	35,585	35,215	33,807	33,749	34,723	35,058	35,832	34,963	33,541	32,734	32,260	31,649
Amortization of deferred drydocking and survey costs
9,822	8,810	6,688	5,490	3,898	2,718	2,013	1,592	638	202	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt premium and discounts
675	-3,315	-543	-514	-505	-485	-471	-457	-443	-434	-281	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-	-87	753	-163	169	-	-	-	-	-	-	-5,543	-	-	-	-	-6,988	64	64	64	4,889	-78,565	-1,145	2,432	-16,409	-8,085	1,936	-12,151	-3,051	-4,310	-1,718	-2,654	281	-3,216	-12,911	-7,908	5,265	-1,454	64	-10,724	15,741	-957	-6,281	-7,934
Gain on asset dispositions, net
5,331	1,216	271	-494	1,270	8,938	-1,571	1,338	1,919	6,612	4	3,189	6,064	6,139	6,253	5,643	6,692	5,883	6,111	7,351	10,704	4,699	5,450	2,943	11,704	7,170	49	2,140	3,839	99	1,833	838	3,986	2,496	9,458	1,717	1,607	2,425	3,638	5,558	5,115	5,151	5,374	12,538
Long-lived asset impairments
10,207	-	-	-	-	36,878	16,853	1,215	6,186	-	-	163,423	64,857	253,422	129,562	36,886	55,540	15,141	31,672	14,958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Venezuelan operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,350	0	517	48,553
Changes in investments in, at equity, and advances to unconsolidated companies
-	-604	-54	-116	-265	-90	-206	-12,168	-15,713	3,487	1,044	4,101	5,062	892	1,767	-108	-6,617	-15,663	-3,281	-3,143	366	-5,325	2,877	3,998	3,729	5,905	2,769	3,398	-9,317	5,256	2,417	1,614	2,729	4,933	-2,368	1,739	2,580	4,133	-10,265	1,982	2,642	4,037	-7,771	4,428
Compensation expense - stock-based
1,335	3,004	7,384	3,588	5,627	3,439	3,828	3,183	2,956	2,558	1,173	326	-888	1,538	1,092	1,536	3,259	3,346	3,395	3,219	4,979	5,320	5,734	5,341	4,512	4,131	5,288	5,711	4,355	4,741	5,961	4,359	5,161	4,235	2,039	2,905	5,001	4,366	3,726	2,389	1,412	2,392	2,468	2,468
Excess tax liability on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-134	92	329	12	204	-21	46	49	-1,071	-243	107	17	915	80	57	138	-89	-33	32	162
Changes in assets and liabilities, net:
Trade and other receivables
9,438	-12,882	875	8,717	2,204	-19,832	-4,353	13,435	1,662	-6,087	3,775	-6,650	-51,051	-35,515	8,151	-26,414	-32,814	-7,835	9,389	-40,280	-5,339	24,618	-14,786	39,044	4,783	-17,492	18,115	-18,891	-10,974	28,705	11,009	9,698	19,036	-394	-6,182	21,190	5,883	-18,936	-11,469	9,250	15,634	-36,505	-10,142	51,471
Changes in due to/from affiliate, net
-2,405	7,295	-182	-4,095	19,175	354	8,421	18,786	1,083	-	-	-1,978	24,961	-29,924	19,845	5,947	15,907	14,408	12,467	41,302	29,707	16,326	31,003	31,552	-50,099	-78,602	-83,459	-48,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in due to/from related parties, net
-	-	-	-	-	-	-	-	-	-	-3,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marine operating supplies
-	-	-	-	-	-	-	-	-	-224	-1,005	514	408	-404	-1,001	-1,288	-3,886	1,584	-6,120	-5,250	-4,905	-7,382	317	5,822	1,681	1,967	-8,263	-1,100	1,097	5,120	319	1,962	1,362	-1,029	-1,664	4,433	1,579	647	658	1,627	-1,868	2,774	-4,296	-1,100
Other current assets
-	-	-	-	-	-	-	-	-	-4,591	-5,714	16,210	6,458	4,238	-2,320	4,147	-4,265	-5,392	-6,897	10,578	296	-7,142	-8,482	12,534	1,593	-4,659	-923	11,589	-822	-3,080	-4,562	10,127	-383	-4,410	-3,467	8,120	-3,296	-440	-3,242	10,487	-5,712	-766	-3,818	10,634
Accounts payable
3,210	3,829	-498	-5,569	-2,200	-16,893	10	-5,575	7,284	-942	-317	3,488	-18,872	-8,330	5,058	4,613	-11,743	1,634	1,001	4,227	6,063	-13,400	-10,292	-5,360	8,358	-5,860	7,566	-11,459	-18,831	-3,252	-2,072	18,267	-6,689	6,017	-4,459	2,708	3,239	-257	7,806	-7,284	-801	-11,963	-1,163	1,270
Accrued costs and expenses
-1,146	18,763	-5,597	649	-5,626	-2,632	-4,205	-7,497	845	-14,341	-10,555	8,603	9,267	-11,568	3,607	-19,993	-2,075	-37,556	15,260	-28,772	-4,579	6,502	12,232	-25,590	17,416	27,432	-1,969	-8,421	-437	3,359	3,540	2,636	-6,415	-2,469	8,496	-292	-3,749	-18,743	8,492	6,920	-25,287	24,958	-11,379	17,827
Accrued property and liability losses
-	-	-	-	-	-	-	-	-	-189	13	-825	9	-28	-8	289	-122	-14	-3	-209	404	27	-26	-367	-141	-327	-119	158	777	-39	-131	-110	-151	-38	-84	63	-63	-13	-1	-886	-842	-116	-221	467
Other current liabilities
-	-	-	-	-	-	-	-	-	-7,779	3,753	2,644	-3,860	-13,082	-2,902	-6,814	1,661	-11,228	800	-6,811	555	-887	1,066	-616	6,087	4,010	-668	944	950	2,762	915	219	-280	1,708	1,697	5,575	-4,282	-46	2,021	14,982	-29,644	-939	764	7,930
Other liabilities and deferred credits
-	-	-	-	-	-	-	-	-	-242	-847	1,251	1,884	632	-1,961	-3,212	-2,175	-188	1,886	708	7,900	-1,780	-2,062	817	-10,572	-739	-1,407	876	2,906	-5,592	2,343	1,165	9,916	-4,608	1,019	1,620	2,093	1,041	2,139	946	-998	2,472	-8,137	3,548
Cash paid for deferred drydocking and survey costs
24,867	26,736	15,013	16,403	12,285	8,880	3,694	4,534	8,860	3,022	392	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
8,348	12,526	-11,654	-3,563	5,949	7,940	3,832	-18,849	156	1,469	947	-2,724	-6,386	1,566	-2,636	4,084	-2,567	5,347	-1,874	-2,774	10,017	6,090	3,183	-267	-3,309	233	5,087	-3,409	231	-7,734	-2,000	-846	-706	-940	-888	-756	-1,178	1,715	-500	-659	-1,774	-698	-1,068	1,712
Net cash used in operating activities
-27,525	5,281	-15,981	-17,566	-3,157	-18,289	5,247	22,967	-5,984	-17,737	-17,809	-23,363	70,150	-39,727	10,301	-10,903	61,967	27,502	71,194	92,697	83,154	90,270	154,344	30,945	34,788	60,001	6,233	3,595	31,212	36,452	77,179	69,080	64,721	70,518	60,664	26,518	46,156	64,691	100,605	52,754	28,911	134,517	94,418	70,415
Cash flows from investing activities:
Proceeds from sales of assets
9,452	3,755	4,526	10,915	9,651	29,616	3,531	3,476	9,492	27,867	4,875	608	2,464	10,494	605	1,234	2,472	2,085	957	5,176	3,150	1,161	245	3,754	5,324	38,360	5,485	2,161	8,658	8,643	4,121	5,856	12,843	6,614	17,064	6,328	7,637	11,364	6,439	11,929	17,672	10,847	8,601	14,615
Proceeds from sale/leaseback of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,256	77,943	19,351	13,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	18,480	83,275
Proceeds from insurance settlements on Venezuela seized vessels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,150	-	-	-	-
Additions to properties and equipment
2,449	4,067	5,058	5,757	3,116	12,275	3,341	4,098	1,677	9,245	589	1,627	8,355	7,635	1,931	7,578	42,260	13,235	46,392	92,598	132,509	103,274	88,537	39,874	197,237	177,149	63,875	156,434	113,924	136,822	112,394	77,432	60,101	141,951	85,406	69,652	106,649	117,177	250,315	141,148	147,960	91,481	120,360	92,172
Payments related to novated vessel construction contract
-	-	-	-	-	-	-	-	-	-	-	-5,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refunds from cancelled vessel construction contracts
-	-	-	-	-	-	-	-	-	-	-	-	0	14,050	0	11,515	9,929	0	12,000	24,190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	127,737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-389	-140	16	-3	696	1,775	22	665	-595	-550	478	860	982	1,062	-875	-349	-	-	-	-	-	-	-	-
Net cash provided by investing activities
7,003	-312	-532	5,158	6,535	61,147	190	-622	7,815	18,622	4,286	4,253	-5,891	16,909	-1,326	5,171	-27,179	-11,150	-33,435	-63,232	-115,714	-24,030	-68,957	-22,717	-129,469	1,321	7,138	-282,675	-104,671	-127,629	-108,751	-72,436	-48,240	-136,399	-67,467	-62,975	-99,185	-105,813	-243,876	-121,069	-130,287	-80,634	-93,279	5,718
Cash flows from financing activities:
Principal payments on long-term debt
2,600	127,235	2,666	2,283	1,509	101,149	1,383	1,166	1,471	-	-	2,316	2,732	2,301	2,712	2,324	27,680	44,789	40,712	23,662	70,617	1,210	22,037	3,959	0	411,439	594,125	97,490	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	943	559	1,146	2,699	-	-	-	-	50	11	228	6	-	-	-	-	0	5	7,642	65
Cash payments to General Unsecured Creditors
-	-	-	-	-	0	0	0	8,377	6,353	87,366	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes on share based awards
531	1,355	1,352	182	1,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	625,000	0	0	31,338	-	-	-	-	49,100	430,000	572,000	414,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	31	994	781	1,661	2,746	1,675	1,850	1,030	173	765	4,572	114	637	88	5,238	1,538	1,014	905	910	0	147	815
Cash dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	11,799	11,790	11,789	11,837	11,959	12,518	12,520	12,461	12,465	12,454	12,436	12,162	12,368	12,492	12,566	12,569	12,803	12,950	12,939	12,859	12,846	12,840	12,933	12,948	12,927	12,927	12,932
Excess tax benefit (liability) on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-134	92	329	12	204	-21	46	49	-1,071	-243	107	17	915	80	57	138	-89	-33	32	162
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	20,006	0	65,028	-	-	-	-	0	0	0	19,988	-	-	-	-
Other
-	-	-	-	-	-3	1	-1,999	1	-	1	-1,200	-4,927	0	0	-1,722	-1,640	0	-25	-936	-1,269	1	1	349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-3,131	-139,993	-4,018	-2,464	-3,087	-113,668	-1,382	-3,165	-9,847	-7,528	-87,365	-3,516	-7,659	-2,301	-2,712	-4,046	595,670	-56,588	-52,527	-5,049	33,740	-113,167	-14,523	-15,136	40,894	7,290	-32,650	303,324	59,841	8,635	-72,273	-76,780	115,882	-47,958	112,566	-12,840	-9,292	297,510	72,047	-31,878	-12,127	-12,965	-20,390	-12,020
Net change in cash, cash equivalents and restricted cash
-23,653	-135,024	-20,531	-14,872	291	-70,810	4,055	19,180	-8,016	-6,643	-100,888	-22,626	56,600	-25,119	6,263	-9,778	630,458	-40,236	-14,768	24,416	1,180	-46,927	70,864	-6,908	-53,787	68,612	-19,279	24,244	-13,618	-82,542	-103,845	-80,136	132,363	-113,839	105,763	-49,297	-62,321	256,388	-71,224	-100,193	-113,503	40,918	-19,251	64,113
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,876	16,563	2,696	5,981	11,253	7,382	12,223	7,059	435	7,677	786	7,729	59	7,032	131
Interest, net of amounts capitalized
5,442	8,205	8,189	7,974	8,319	8,108	8,084	7,982	8,152	8,164	59	433	8,218	28,260	7,476	26,733	3,121	22,714	2,464	22,430	1,344	21,718	1,943	24,385	-6,748	17,600	19,358	3,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
2,550	3,992	2,632	3,339	4,415	3,149	3,596	3,654	6,429	3,262	1,392	3,611	2,167	7,959	5,784	11,006	13,377	10,355	10,412	17,441	16,323	25,573	21,244	11,170	16,021	11,101	11,527	20,617	13,144	14,503	14,429	12,646	12,025	12,863	12,433	12,011	12,555	12,161	12,172	11,477	15,158	12,845	14,481	15,087
Supplemental disclosure of noncash investing activities:
Additions to properties and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-283	-5,147	7,940	2,537	-	-1,325	1,050	421	-1,318	-459	-1,391	5,236	-3,817	5,411	4,027	130	9,638	-4,352	-607	7,331	-	-	-	-	-	-	-	10,974	-	-	-	-
Supplemental disclosure of noncash financing activities:
Increase in receivables due to sale of shipyard
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	9,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-