TIDEWATER INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
TDW$71.06+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS
(In Thousands, except share and par value data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $280,853 | $274,437 |
| Restricted cash | 6,474 | 1,241 |
| Trade and other receivables, net of allowance for credit losses of $3,687 and $15,914 at March 31, 2024 and December 31, 2023, respectively | 285,968 | 268,352 |
| Marine operating supplies | 24,767 | 31,933 |
| Prepaid expenses and other current assets | 17,447 | 15,172 |
| Total current assets | 615,509 | 591,135 |
| Net properties and equipment | 1,286,618 | 1,315,122 |
| Deferred drydocking and survey costs | 128,639 | 106,698 |
| Indemnification assets | 16,642 | 17,370 |
| Other assets | 30,408 | 32,449 |
| Total assets | $2,077,816 | $2,062,774 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $51,774 | $44,931 |
| Accrued expenses | 132,190 | 125,590 |
| Current portion of long-term debt | 103,009 | 103,077 |
| Other current liabilities | 52,164 | 55,133 |
| Total current liabilities | 339,137 | 328,731 |
| Long-term debt | 620,329 | 631,361 |
| Other liabilities | 63,197 | 64,985 |
| Commitments and contingencies | ||
| Equity: | ||
| Common stock of $0.001 par value, 125,000,000 shares authorized, 52,759,223 and 52,259,303 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 53 | 52 |
| Additional paid-in capital | 1,646,061 | 1,671,759 |
| Accumulated deficit | (594,347) | (637,838) |
| Accumulated other comprehensive income | 5,209 | 5,266 |
| Total stockholders’ equity | 1,056,976 | 1,039,239 |
| Noncontrolling interests | (1,823) | (1,542) |
| Total equity | 1,055,153 | 1,037,697 |
| Total liabilities and equity | $2,077,816 | $2,062,774 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.