Tidewater Inc. TDW Cash Flow

Tidewater inc. (TDW)

CashFlow / TTM

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
-138,457	-141,219	-171,022	-158,399	-154,028	-171,771	-104,593	-88,937	-602,165	-650,108	-923,682	-1,085,778	-650,011	-644,649	-367,479	-233,855	-160,376	-87,658	-229,036	-124,212	-65,349	-13,040	160,524	153,871	140,255	143,429	160,793	147,977	150,750	137,801	141,941	95,709	87,411	65,788	66,064	90,343	105,616	150,510	176,043	254,825	259,476	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization items (non-cash)
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	51,332	45,942	42,703	67,798	94,010	123,319	159,026	167,291	174,950	179,070	181,204	182,309	182,112	180,021	177,750	175,204	173,075	172,135	170,483	167,480	162,842	157,632	151,623	147,299	144,597	142,631	140,391	138,356	137,494	137,337	139,362	140,576	139,394	137,070	133,498	130,184	0	0	0
Amortization of deferred drydocking and survey costs
30,810	24,886	18,794	14,119	10,221	6,961	4,445	2,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt premium and discounts
-3,697	-4,877	-2,047	-1,975	-1,918	-1,856	-1,805	-1,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-	672	0	0	0	-	-	-	-	-	-	0	-	-	-	-	-6,796	5,081	-73,548	-74,757	-72,389	-93,687	-23,207	-20,126	-34,709	-21,351	-17,576	-21,230	-11,733	-8,401	-7,307	-18,500	-23,754	-18,770	-17,008	-4,033	-6,849	3,627	4,124	-2,221	569	0	0	0
Gain on asset dispositions, net
6,324	2,263	9,985	8,143	9,975	10,624	8,298	9,873	11,724	15,869	15,396	21,645	24,099	24,727	24,471	24,329	26,037	30,049	28,865	28,204	23,796	24,796	27,267	21,866	21,063	13,198	6,127	7,911	6,609	6,756	9,153	16,778	17,657	15,278	15,207	9,387	13,228	16,736	19,462	21,198	28,178	0	0	0
Long-lived asset impairments
0	-	-	-	-	61,132	0	0	0	-	-	611,264	484,727	475,410	237,129	139,239	117,311	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Venezuelan operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,720	0	0	0
Changes in investments in, at equity, and advances to unconsolidated companies
-	-1,039	-525	-677	-12,729	-28,177	-24,600	-23,350	-7,081	13,694	11,099	11,822	7,613	-4,066	-20,621	-25,669	-28,704	-21,721	-11,383	-5,225	1,916	5,279	16,509	16,401	15,801	2,755	2,106	1,754	-30	12,016	11,693	6,908	7,033	6,884	6,084	-1,813	-1,570	-1,508	-1,604	890	3,336	0	0	0
Compensation expense - stock-based
15,311	19,603	20,038	16,482	16,077	13,406	12,525	9,870	7,013	3,169	2,149	2,068	3,278	7,425	9,233	11,536	13,219	14,939	16,913	19,252	21,374	20,907	19,718	19,272	19,642	19,485	20,095	20,768	19,416	20,222	19,716	15,794	14,340	14,180	14,311	15,998	15,482	11,893	9,919	8,661	8,740	0	0	0
Excess tax liability on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	299	637	524	241	278	-997	-1,219	-1,158	-1,190	796	1,119	1,069	1,190	186	73	48	72	0	0	0
Changes in assets and liabilities, net:
Trade and other receivables
6,148	-1,086	-8,036	-13,264	-8,546	-9,088	4,657	12,785	-7,300	-60,013	-89,441	-85,065	-104,829	-86,592	-58,912	-57,674	-71,540	-44,065	-11,612	-35,787	43,537	53,659	11,549	44,450	-13,485	-29,242	16,955	9,849	38,438	68,448	39,349	22,158	33,650	20,497	1,955	-3,332	-15,272	-5,521	-23,090	-21,763	20,458	0	0	0
Changes in due to/from affiliate, net
613	22,193	15,252	23,855	46,736	28,644	0	0	0	-	-	12,904	20,829	11,775	56,107	48,729	84,084	97,884	99,802	118,338	108,588	28,782	-66,146	-180,608	-260,675	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in due to/from related parties, net
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marine operating supplies
-	-	-	-	-	-	-	-	-	-307	-487	-483	-2,285	-6,579	-4,591	-9,710	-13,672	-14,691	-23,657	-17,220	-6,148	438	9,787	1,207	-5,715	-6,299	-3,146	5,436	8,498	8,763	2,614	631	3,102	3,319	4,995	7,317	4,511	1,064	3,191	-1,763	-4,490	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	12,363	21,192	24,586	12,523	1,800	-7,830	-12,407	-5,976	-1,415	-3,165	-4,750	-2,794	-1,497	986	8,545	7,600	5,185	6,764	3,125	1,663	2,102	772	1,867	-140	-3,053	917	1,142	3,509	1,093	767	191	338	0	0	0
Accounts payable
972	-4,438	-25,160	-24,652	-24,658	-15,174	777	450	9,513	-16,643	-24,031	-18,656	-17,531	-10,402	-438	-4,495	-4,881	12,925	-2,109	-13,402	-22,989	-20,694	-13,154	4,704	-1,395	-28,584	-25,976	-35,614	-5,888	6,254	15,523	13,136	-2,423	7,505	1,231	13,496	3,504	-536	-12,242	-21,211	-12,657	0	0	0
Accrued costs and expenses
12,669	8,189	-13,206	-11,814	-19,960	-13,489	-25,198	-31,548	-15,448	-7,026	-4,253	9,909	-18,687	-30,029	-56,017	-44,364	-53,143	-55,647	-11,589	-14,617	-11,435	10,560	31,490	17,289	34,458	16,605	-7,468	-1,959	9,098	3,120	-2,708	2,248	-680	1,986	-14,288	-14,292	-7,080	-28,618	15,083	-4,788	6,119	0	0	0
Accrued property and liability losses
-	-	-	-	-	-	-	-	-	-992	-831	-852	262	131	145	150	-348	178	219	196	38	-507	-861	-954	-429	489	777	765	497	-431	-430	-383	-210	-122	-97	-14	-963	-1,742	-1,845	-2,065	-712	0	0	0
Other current liabilities
-	-	-	-	-	-	-	-	-	-5,242	-10,545	-17,200	-26,658	-21,137	-19,283	-15,581	-15,578	-16,684	-6,343	-6,077	118	5,650	10,547	8,813	10,373	5,236	3,988	5,571	4,846	3,616	2,562	3,344	8,700	4,698	2,944	3,268	12,675	-12,687	-13,580	-14,837	-21,889	0	0	0
Other liabilities and deferred credits
-	-	-	-	-	-	-	-	-	2,046	2,920	1,806	-2,657	-6,716	-7,536	-3,689	231	10,306	8,714	4,766	4,875	-13,597	-12,556	-11,901	-11,842	1,636	-3,217	533	822	7,832	8,816	7,492	7,947	124	5,773	6,893	6,219	3,128	4,559	-5,717	-3,115	0	0	0
Cash paid for deferred drydocking and survey costs
83,019	70,437	52,581	41,262	29,393	25,968	20,110	16,808	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
5,657	3,258	-1,328	14,158	-1,128	-6,921	-13,392	-16,277	-152	-6,694	-6,597	-10,180	-3,372	447	4,228	4,990	-1,868	10,716	11,459	16,516	19,023	5,697	-160	1,744	-1,398	2,142	-5,825	-12,912	-10,349	-11,286	-4,492	-3,380	-3,290	-3,762	-1,107	-719	-622	-1,218	-3,631	-4,199	-1,828	0	0	0
Net cash used in operating activities
-55,791	-31,423	-54,993	-33,765	6,768	3,941	4,493	-18,563	-64,893	11,241	-10,749	17,361	29,821	21,638	88,867	149,760	253,360	274,547	337,315	420,465	358,713	310,347	280,078	131,967	104,617	101,041	77,492	148,438	213,923	247,432	281,498	264,983	222,421	203,856	198,029	237,970	264,206	246,961	316,787	310,600	328,261	0	0	0
Cash flows from investing activities:
Proceeds from sales of assets
28,648	28,847	54,708	53,713	46,274	46,115	44,366	45,710	42,842	35,814	18,441	14,171	14,797	14,805	6,396	6,748	10,690	11,368	10,444	9,732	8,310	10,484	47,683	52,923	51,330	54,664	24,947	23,583	27,278	31,463	29,434	42,377	42,849	37,643	42,393	31,768	37,369	47,404	46,887	49,049	51,735	0	0	0
Proceeds from sale/leaseback of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,950	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,755	0	0	0
Proceeds from insurance settlements on Venezuela seized vessels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,150	0	0	0	-	-	-	-
Additions to properties and equipment
17,331	17,998	26,206	24,489	22,830	21,391	18,361	15,609	13,138	19,816	18,206	19,548	25,499	59,404	65,004	109,465	194,485	284,734	374,773	416,918	364,194	428,922	502,797	478,135	594,695	511,382	471,055	519,574	440,572	386,749	391,878	364,890	357,110	403,658	378,884	543,793	615,289	656,600	630,904	500,949	451,973	0	0	0
Payments related to novated vessel construction contract
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refunds from cancelled vessel construction contracts
-	-	-	-	-	-	-	-	-	-	-	-	25,565	35,494	21,444	33,444	46,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,737	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-516	569	2,484	2,490	3,158	1,867	-458	-2	193	1,770	3,382	2,029	820	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by investing activities
11,317	10,849	72,308	73,030	67,250	68,530	26,005	30,101	34,976	21,270	19,557	13,945	14,863	-6,425	-34,484	-66,593	-134,996	-223,531	-236,411	-271,933	-231,418	-245,173	-219,822	-143,727	-403,685	-378,887	-507,837	-623,726	-413,487	-357,056	-365,826	-324,542	-315,081	-366,026	-335,440	-511,849	-569,943	-601,045	-575,866	-425,269	-298,482	0	0	0
Cash flows from financing activities:
Principal payments on long-term debt
134,784	133,693	107,607	106,324	105,207	105,169	0	0	0	-	-	10,061	10,069	35,017	77,505	115,505	136,843	179,780	136,201	117,526	97,823	27,206	437,435	1,009,523	1,103,054	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,347	0	0	0	-	-	-	-	295	0	0	0	-	-	-	-	7,712	0	0	0
Cash payments to General Unsecured Creditors
-	-	-	-	-	8,377	14,730	102,096	224,902	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes on share based awards
3,420	4,467	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	656,338	0	0	0	-	-	-	-	1,465,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,806	3,467	6,182	6,863	7,932	7,301	4,728	3,818	6,540	5,624	6,088	5,411	6,077	7,501	7,878	8,695	4,367	2,829	1,962	1,872	0	0	0
Cash dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,388	47,215	47,375	48,103	48,834	49,458	49,964	49,900	49,816	49,517	49,420	49,458	49,588	49,995	50,430	50,888	51,261	51,551	51,594	51,484	51,478	51,567	51,648	51,735	51,734	0	0	0
Excess tax benefit (liability) on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	299	637	524	241	278	-997	-1,219	-1,158	-1,190	796	1,119	1,069	1,190	186	73	48	72	0	0	0
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,034	0	0	0	-	-	-	-	19,988	0	0	0	-	-	-	-
Other
-	-	-	-	-	-2,000	0	0	0	-	-6,126	-6,127	-6,649	-3,362	-3,362	-3,387	-2,601	-2,230	-2,229	-2,203	-918	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-149,606	-149,562	-123,237	-120,601	-121,302	-128,062	-21,922	-107,905	-108,256	-106,068	-100,841	-16,188	-16,718	586,611	532,324	482,509	481,506	-80,424	-137,003	-98,999	-109,086	-101,932	18,525	398	318,858	337,805	339,150	299,527	-80,577	-24,536	-81,129	103,710	167,650	42,476	387,944	347,425	328,387	325,552	15,077	-77,360	-57,502	0	0	0
Net change in cash, cash equivalents and restricted cash
-194,080	-170,136	-105,922	-81,336	-47,284	-55,591	8,576	-96,367	-138,173	-73,557	-92,033	15,118	27,966	601,824	586,707	565,676	599,870	-29,408	-36,099	49,533	18,209	-36,758	78,781	-11,362	19,790	59,959	-91,195	-175,761	-280,141	-134,160	-165,457	44,151	74,990	-119,694	250,533	73,546	22,650	-28,532	-244,002	-192,029	-27,723	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,116	36,493	27,312	36,839	37,917	27,099	27,394	15,957	16,627	16,251	15,606	14,951	0	0	0
Interest, net of amounts capitalized
29,810	32,687	32,590	32,485	32,493	32,326	32,382	24,357	16,808	16,874	36,970	44,387	70,687	65,590	60,044	55,032	50,729	48,952	47,956	47,435	49,390	41,298	37,180	54,595	34,190	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
12,513	14,378	13,535	14,499	14,814	16,828	16,941	14,737	14,694	10,432	15,129	19,521	26,916	38,126	40,522	45,150	51,585	54,531	69,749	80,581	74,310	74,008	59,536	49,819	59,266	56,389	59,791	62,693	54,722	53,603	51,963	49,967	49,332	49,862	49,160	48,899	48,365	50,968	51,652	53,961	57,571	0	0	0
Supplemental disclosure of noncash investing activities:
Additions to properties and equipment
-	-	-	-	-	-	-	-	-	-	-	-	5,047	0	0	0	-	-1,172	-306	-2,747	2,068	-431	5,439	10,857	5,751	19,206	9,443	4,809	12,010	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-
Supplemental disclosure of noncash financing activities:
Increase in receivables due to sale of shipyard
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-