Tidewater Inc. TDW Income Statement

Tidewater inc. (TDW)

Income statement / 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
Revenues:
Total revenues
480,768	486,549	478,007	457,434	437,176	406,520	400,739	375,847	421,615	0	0	-	601,611	625,036	714,012	842,213	979,062	1,119,650	1,289,013	1,414,614	1,495,517	1,538,588	1,516,282	1,486,695	1,435,103	1,395,603	1,339,821	1,283,802	1,244,165	1,205,227	1,167,872	1,106,848	1,067,007	1,031,600	1,031,264	1,047,470	1,055,388	1,061,396	1,076,126	1,104,550	1,168,634	0	0	0
Costs and expenses:
Vessel operating costs
325,818	329,196	318,228	302,846	290,419	269,580	262,814	249,878	298,304	0	0	-	359,171	376,472	419,208	490,726	561,133	656,927	742,198	796,405	834,368	847,162	834,476	816,973	795,890	770,825	750,070	727,406	692,581	661,652	640,566	629,204	620,170	622,948	627,707	636,309	638,590	630,966	618,557	606,191	605,259	0	0	0
Costs of other operating revenues
4,709	2,800	2,617	3,764	3,820	5,530	6,316	6,908	8,614	0	0	-	12,729	13,227	14,291	16,970	18,811	22,513	27,130	27,588	26,505	25,204	20,906	18,386	15,745	13,089	13,168	10,713	12,216	11,199	8,961	9,407	7,115	6,457	7,224	5,396	4,660	4,643	12,503	13,182	27,387	0	0	0
General and administrative
97,996	103,716	117,797	112,869	113,598	110,023	103,909	94,609	112,016	0	0	-	145,879	141,126	142,573	146,905	153,811	162,192	173,236	182,712	189,819	190,199	189,280	188,556	187,976	188,980	189,596	185,425	175,609	169,661	163,747	159,653	156,570	157,301	150,114	150,260	145,454	148,114	148,552	148,319	149,932	0	0	0
Vessel operating leases
-	-	-	-	-	-	-	-	-	0	0	-	33,766	33,660	33,660	33,660	33,662	33,400	32,124	30,225	28,322	28,398	26,990	24,419	21,910	17,730	15,944	16,376	16,837	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
106,106	101,931	93,806	81,461	69,208	58,293	50,387	45,139	79,801	0	0	-	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
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-
Long-lived asset impairments
0	-	42,078	53,731	-	61,132	0	0	0	-	-	-	484,727	475,410	237,129	139,239	117,311	68,007	53,776	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Venezuelan operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,720	0	0	0
Gain on asset dispositions, net
6,324	2,263	9,984	8,143	9,975	10,624	8,298	9,873	12,096	0	0	-	24,099	24,727	24,471	24,329	26,037	30,999	29,815	28,204	23,796	23,846	26,317	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
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
576,285	573,153	584,649	566,611	542,099	514,017	456,250	412,054	701,730	0	0	-	1,179,464	1,190,118	1,001,460	991,961	1,048,586	1,106,933	1,480,476	1,503,710	1,532,698	1,540,378	1,284,004	1,262,575	1,233,562	1,196,551	1,120,283	1,083,632	1,037,933	1,011,186	973,614	975,268	953,453	939,854	938,107	921,940	916,052	901,031	891,870	875,159	928,304	0	0	0
Operating loss
-95,517	-86,604	-106,642	-109,177	-104,923	-107,497	-55,511	-36,207	-280,115	0	0	-	-577,853	-565,082	-287,448	-149,748	-69,524	12,717	-191,463	-89,096	-37,181	-1,790	232,278	224,120	201,541	199,052	219,538	200,170	206,232	194,041	194,258	131,580	113,554	91,746	93,157	125,530	139,336	160,365	184,256	229,391	240,330	0	0	0
Other income (expense):
Foreign exchange gain (loss)
103	-1,269	1,131	959	-54	106	-1,698	-1,757	-3,936	0	0	-	-1,638	-3,947	-7,386	-4,003	-5,403	-3,533	1,270	5,834	8,678	5,725	2,732	341	1,541	8,450	7,161	4,673	3,011	1,404	-386	744	3,309	866	3,577	1,482	2,278	10,918	10,106	8,290	4,094	0	0	0
Equity in net losses of unconsolidated companies
-	-3,152	-4,306	-3,782	-3,487	-18,864	-14,168	-12,919	-8,523	0	0	-	5,710	-3,642	-6,909	-11,141	-13,581	-5,995	-4,285	2,455	10,179	14,033	16,704	16,664	15,801	14,702	14,670	14,246	12,189	11,973	12,816	12,915	13,041	12,846	12,655	11,984	12,185	12,169	12,610	15,382	18,107	0	0	0
Interest income and other, net
4,244	6,598	11,707	12,837	13,892	11,294	7,393	5,557	5,027	0	0	-	5,193	4,554	3,726	3,089	2,703	2,126	1,951	2,095	1,927	2,263	1,966	2,005	2,123	2,108	2,907	3,497	3,476	3,920	3,331	2,969	3,440	3,887	4,614	5,877	5,065	5,715	5,619	4,092	6,882	0	0	0
Reorganization items
-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other debt costs, net
27,474	29,068	30,494	30,611	30,576	30,439	30,500	28,155	31,787	0	0	-	75,026	68,029	62,754	57,524	53,752	51,843	50,770	50,082	50,029	50,660	50,671	48,030	43,814	38,908	33,841	31,071	29,745	29,372	28,216	25,834	22,308	19,218	16,837	13,757	10,769	6,974	3,911	2,675	1,679	0	0	0
Total other income (expenses)
-26,217	-26,891	-30,081	-28,716	-28,344	-46,022	-41,392	-41,573	-1,440,423	0	0	-	-65,761	-71,064	-73,323	-69,579	-70,033	-59,245	-51,834	-39,698	-29,245	-28,639	-29,269	-33,164	-28,493	-17,792	-13,247	-8,655	-11,069	-12,075	-12,455	-9,206	-2,518	-1,619	4,009	5,586	8,759	21,828	24,424	25,089	27,404	0	0	0
Loss before income taxes
-121,734	-113,495	-136,723	-137,893	-133,267	-153,519	-96,903	-77,780	-1,720,538	0	0	-	-643,614	-636,146	-360,771	-219,327	-139,557	-46,528	-243,297	-128,794	-66,426	-30,429	203,009	190,956	173,048	181,260	206,291	191,515	195,163	181,966	181,803	122,374	111,036	90,127	97,166	131,116	148,095	182,193	208,680	254,480	267,734	0	0	0
Income tax (benefit) expense
16,723	27,724	34,299	20,506	20,761	18,252	7,690	11,157	4,126	0	0	-	6,397	8,503	6,708	14,528	20,819	41,130	-14,261	-4,582	-1,077	-17,389	42,485	37,085	32,793	37,831	45,498	43,538	44,413	44,165	39,862	26,665	23,625	24,339	31,102	40,773	42,479	31,683	32,637	-345	8,258	0	0	0
Net loss
-138,457	-141,219	-171,022	-158,399	-154,028	-171,771	-104,593	-88,937	-1,724,664	0	0	-	-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	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to noncontrolling interests
0	524	1,377	696	48	-254	-12	441	707	0	0	-	10,107	2,401	1,404	373	-193	-186	-379	-297	-159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Tidewater Inc.
-138,457	-141,743	-172,399	-159,095	-154,076	-171,517	-104,581	-89,378	-1,725,347	0	0	-	-660,118	-647,050	-368,883	-234,228	-160,183	-87,472	-228,657	-123,915	-65,190	-12,697	160,580	153,845	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
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
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vessel operating costs
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of other operating revenues
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vessel operating leases
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-lived asset impairments
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset dispositions, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange gain (loss)
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net earnings (losses) of unconsolidated companies
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income and other, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization items
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other debt costs, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expenses)
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income (losses) attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Tidewater Inc.
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
469,327	477,015	469,003	448,841	429,374	397,206	389,992	363,552	0	0	0	-	583,816	606,959	694,747	819,517	955,400	1,093,122	1,258,340	1,385,161	1,468,358	1,513,038	1,495,625	1,468,341	1,418,461	1,381,050	1,325,380	1,271,534	1,229,998	1,193,214	1,158,657	1,097,247	1,060,468	1,024,927	1,024,074	1,042,532	1,051,213	1,057,155	1,062,029	1,089,722	1,138,162	0	0	0
Other Operating Revenues
Total revenues
11,441	9,534	9,004	8,593	7,802	9,314	10,747	12,295	0	0	0	-	17,795	18,077	19,265	22,696	23,662	26,528	30,673	29,453	27,159	25,550	20,657	18,354	16,642	14,553	14,441	12,268	14,167	12,013	9,215	9,601	6,539	6,673	7,190	4,938	4,175	4,241	14,097	14,828	30,472	0	0	0