Tidewater Inc. TDW Income Statement

Tidewater inc. (TDW)

Income statement / 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
Revenues:
Total revenues
116,368	118,776	119,765	125,859	122,149	110,234	99,192	105,601	91,493	104,453	74,300	-	160,749	129,215	143,722	167,925	184,174	218,191	271,923	304,774	324,762	387,554	397,524	385,677	367,833	365,248	367,937	334,085	328,333	309,466	311,918	294,448	289,395	272,111	250,894	254,607	253,988	271,775	267,100	262,525	259,996	286,505	295,524	326,609
Costs and expenses:
Vessel operating costs
78,825	85,935	80,619	80,439	82,203	74,967	65,237	68,012	61,364	68,201	52,301	-	80,845	82,358	87,094	108,874	98,146	125,094	158,612	179,281	193,940	210,365	212,819	217,244	206,734	197,679	195,316	196,161	181,669	176,924	172,652	161,336	150,740	155,838	161,290	152,302	153,518	160,597	169,892	154,583	145,894	148,188	157,526	153,651
Costs of other operating revenues
2,673	916	534	586	764	733	1,681	642	2,474	1,519	2,273	-	2,689	2,714	3,423	3,903	3,187	3,778	6,102	5,744	6,889	8,395	6,560	4,661	5,588	4,097	4,040	2,020	2,932	4,176	1,585	3,523	1,915	1,938	2,031	1,231	1,257	2,705	203	495	1,240	10,565	882	14,700
General and administrative
21,420	22,406	30,474	23,696	27,140	36,487	25,546	24,425	23,565	30,373	16,246	-	41,727	34,151	32,954	37,047	36,974	35,598	37,286	43,953	45,355	46,642	46,762	51,060	45,735	45,723	46,038	50,480	46,739	46,339	41,867	40,664	40,791	40,425	37,773	37,581	41,522	33,238	37,919	32,775	44,182	33,676	37,686	34,388
Vessel operating leases
-	-	-	-	-	-	-	-	-	91	1,124	-	8,443	8,441	8,441	8,441	8,337	8,441	8,441	8,443	8,075	7,165	6,542	6,540	8,151	5,757	3,971	4,031	3,971	3,971	4,403	4,492	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
27,107	28,226	25,735	25,038	22,932	20,101	13,390	12,785	12,017	12,195	8,142	-	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
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283,699	-	-	-	56,283	-	-	-	-	-	-	-	-	30,932	-	-	0	-	-	-	-	-	-
Long-lived asset impairments
10,207	-	5,200	0	-	36,878	16,853	1,215	6,186	-	-	-	64,857	253,422	129,562	36,886	55,540	15,141	31,672	14,958	-	6,236	910	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Venezuelan operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,350	0	517	48,553
Gain on asset dispositions, net
5,331	1,217	270	-494	1,270	8,938	-1,571	1,338	1,919	6,612	4	-	6,064	6,139	6,253	5,643	6,692	5,883	6,111	7,351	11,654	4,699	4,500	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
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
134,901	168,815	142,316	130,253	131,769	180,311	124,278	105,741	103,687	122,544	80,082	-	230,089	416,249	299,066	234,060	240,743	227,591	289,567	290,685	299,090	601,134	312,801	319,673	306,770	344,760	291,372	290,660	269,759	268,492	254,721	244,961	243,012	230,920	256,375	223,146	229,413	229,173	240,208	217,258	214,392	220,012	223,497	270,403
Operating loss
-18,533	-50,039	-22,551	-4,394	-9,620	-70,077	-25,086	-140	-12,194	-18,091	-5,782	-	-69,340	-287,034	-155,344	-66,135	-56,569	-9,400	-17,644	14,089	25,672	-213,580	84,723	66,004	61,063	20,488	76,565	43,425	58,574	40,974	57,197	49,487	46,383	41,191	-5,481	31,461	24,575	42,602	26,892	45,267	45,604	66,493	72,027	56,206
Other income (expense):
Foreign exchange gain (loss)
864	-945	173	11	-508	1,455	1	-1,002	-348	-349	-58	-	664	2,970	-2,539	-2,733	-1,645	-469	844	-4,133	225	4,334	5,408	-1,289	-2,728	1,341	3,017	-89	4,181	52	529	-1,751	2,574	-1,738	1,659	814	131	973	-436	1,610	8,771	161	-2,252	-2,586
Equity in net losses of unconsolidated companies
-	-2,717	-468	95	-62	-3,871	56	390	-15,439	825	1,305	-	2,841	1,557	1,313	-1	-6,511	-1,710	-2,919	-2,441	1,075	0	3,821	5,283	4,929	2,671	3,781	4,420	3,830	2,639	3,357	2,363	3,614	3,482	3,456	2,489	3,419	3,291	2,785	2,690	3,403	3,732	5,557	5,415
Interest income and other, net
116	690	1,579	1,859	2,470	5,799	2,709	2,914	-128	1,898	873	-	1,588	1,437	992	1,176	949	609	355	790	372	434	499	622	708	137	538	740	693	936	1,128	719	1,137	347	766	1,190	1,584	1,074	2,029	378	2,234	978	502	3,168
Reorganization items
-	-	-	-	-	-	-	-	-	2,419	1,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other debt costs, net
6,142	6,282	7,468	7,582	7,736	7,708	7,585	7,547	7,599	7,769	5,240	-	21,008	18,587	18,477	16,954	14,011	13,312	13,247	13,182	12,102	12,239	12,559	13,129	12,733	12,250	9,918	8,913	7,827	7,183	7,148	7,587	7,454	6,027	4,766	4,061	4,364	3,646	1,686	1,073	569	583	450	77
Total other income (expenses)
-5,162	-9,254	-6,184	-5,617	-5,836	-12,444	-4,819	-5,245	-23,514	-7,814	-5,000	-	-15,915	-12,623	-18,711	-18,512	-21,218	-14,882	-14,967	-18,966	-10,430	-7,471	-2,831	-8,513	-9,824	-8,101	-6,726	-3,842	877	-3,556	-2,134	-6,256	-129	-3,936	1,115	432	770	1,692	2,692	3,605	13,839	4,288	3,357	5,920
Loss before income taxes
-23,695	-59,293	-28,735	-10,011	-15,456	-82,521	-29,905	-5,385	-35,708	-25,905	-10,782	-	-85,255	-299,657	-174,055	-84,647	-77,787	-24,282	-32,611	-4,877	15,242	-221,051	81,892	57,491	51,239	12,387	69,839	39,583	59,451	37,418	55,063	43,231	46,254	37,255	-4,366	31,893	25,345	44,294	29,584	48,872	59,443	70,781	75,384	62,126
Income tax (benefit) expense
-5,171	1,281	15,071	5,542	5,830	7,856	1,278	5,797	3,321	-2,706	4,745	-	1,717	-2,884	3,568	3,996	3,823	-4,679	11,388	10,287	24,134	-60,070	21,067	13,792	7,822	-196	15,667	9,500	12,860	7,471	13,707	10,375	12,612	3,168	510	7,335	13,326	9,931	10,181	9,041	2,530	10,885	-22,801	17,644
Net loss
-18,524	-60,574	-43,806	-15,553	-21,286	-90,377	-31,183	-11,182	-39,029	-23,199	-15,527	-	-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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to noncontrolling interests
-79	-721	394	406	445	132	-287	-242	143	374	166	-	7,883	903	867	454	177	-94	-164	-112	184	-287	-82	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Tidewater Inc.
-18,445	-59,853	-44,200	-15,959	-21,731	-90,509	-30,896	-10,940	-39,172	-23,573	-15,693	-	-94,855	-297,676	-178,490	-89,097	-81,787	-19,509	-43,835	-15,052	-9,076	-160,694	60,907	43,673	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
Basic loss per common share
-0.46	-1.56	-1.15	-0.42	-0.58	-3.18	-1.16	-0.44	-1.67	-1.01	-0.81	-	-2.02	-6.32	-3.79	-1.89	-1.74	-0.42	-0.93	-0.32	-0.14	-3.31	1.23	0.88	0.88	0.25	1.10	0.61	0.94	0.61	0.84	0.65	0.66	0.67	-0.10	0.48	0.23	0.67	0.38	0.78	1.09	1.17	1.91	0.87
Diluted loss per common share
-0.46	-1.56	-1.15	-0.42	-0.58	-3.18	-1.16	-0.44	-1.67	-1.01	-0.81	-	-2.02	-6.32	-3.79	-1.89	-1.74	-0.42	-0.93	-0.32	-0.13	-3.31	1.22	0.88	0.87	0.25	1.09	0.61	0.94	0.61	0.83	0.65	0.65	0.67	-0.10	0.48	0.23	0.67	0.38	0.77	1.10	1.16	1.90	0.86
Weighted average common shares outstanding
40,101	39,532	38,537	37,571	37,179	30,665	26,615	25,654	23,425	23,689	19,389	-	47,080	47,068	47,067	47,067	47,056	46,943	46,942	46,981	46,991	48,481	49,582	49,580	49,721	49,347	49,274	49,226	49,452	49,162	49,392	50,193	51,050	51,036	51,296	51,278	51,502	51,053	51,003	51,328	51,681	51,373	51,371	51,362
Dilutive effect of stock options and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	230	282	-112	482	448	331	106	221	232	174	-	206	-	315	366	306	153	233	253	280	234	199
Adjusted weighted average common shares
40,101	39,532	38,537	37,571	37,179	30,665	26,615	25,654	23,425	23,689	19,389	-	47,080	47,068	47,067	47,067	47,056	46,943	46,942	46,981	46,477	48,481	49,812	49,863	49,609	49,830	49,723	49,558	49,559	49,384	49,625	50,367	51,584	51,242	51,296	51,593	51,869	51,359	51,157	51,562	51,934	51,654	51,605	51,561
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	0.25	-	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Predecessor
Total revenues
-	-	-	-	-	-	-	-	-	-	-	115,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vessel operating costs
-	-	-	-	-	-	-	-	-	-	-	83,773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of other operating revenues
-	-	-	-	-	-	-	-	-	-	-	1,585	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	-	-	-	33,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vessel operating leases
-	-	-	-	-	-	-	-	-	-	-	5,542	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	36,287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-lived asset impairments
-	-	-	-	-	-	-	-	-	-	-	163,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset dispositions, net
-	-	-	-	-	-	-	-	-	-	-	3,189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
-	-	-	-	-	-	-	-	-	-	-	320,480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-	-	-	-	-	-	-	-	-	-	-	-205,374	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange gain (loss)
-	-	-	-	-	-	-	-	-	-	-	-1,157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net earnings (losses) of unconsolidated companies
-	-	-	-	-	-	-	-	-	-	-	4,517	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income and other, net
-	-	-	-	-	-	-	-	-	-	-	1,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization items
-	-	-	-	-	-	-	-	-	-	-	313,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other debt costs, net
-	-	-	-	-	-	-	-	-	-	-	10,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expenses)
-	-	-	-	-	-	-	-	-	-	-	-318,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-	-524,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	295	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-524,410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income (losses) attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Tidewater Inc.
-	-	-	-	-	-	-	-	-	-	-	-524,434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic loss per common share
-	-	-	-	-	-	-	-	-	-	-	-11.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted loss per common share
-	-	-	-	-	-	-	-	-	-	-	-11.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding
-	-	-	-	-	-	-	-	-	-	-	47,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjusted weighted average common shares
-	-	-	-	-	-	-	-	-	-	-	47,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vessel Revenues
Total revenues
111,974	116,539	117,173	123,641	119,662	108,527	97,011	104,174	87,494	101,313	70,571	-	156,905	125,120	139,361	162,430	180,048	212,908	264,131	298,313	317,770	378,126	390,952	381,510	362,450	360,713	363,668	331,630	325,039	305,043	309,822	290,094	288,255	270,486	248,412	253,315	252,714	269,633	266,870	261,996	258,656	274,507	294,563	310,436
Other Operating Revenues
Total revenues
4,394	2,237	2,592	2,218	2,487	1,707	2,181	1,427	3,999	3,140	3,729	-	3,844	4,095	4,361	5,495	4,126	5,283	7,792	6,461	6,992	9,428	6,572	4,167	5,383	4,535	4,269	2,455	3,294	4,423	2,096	4,354	1,140	1,625	2,482	1,292	1,274	2,142	230	529	1,340	11,998	961	16,173