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$73.98+4.1%Stored close · as of Nov 10, 2026

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Contents

CONDENSED CONSOLIDATED INCOME STATEMENTS

(In Thousands, except per share data)

	Three Months Ended
	March 31, 2024	March 31, 2023
Revenues:
Vessel revenues	$318,686	$191,180
Other operating revenues	2,478	1,924
Total revenue	321,164	193,104
Costs and expenses:
Vessel operating costs	167,556	115,459
Costs of other operating revenues	1,150	1,151
General and administrative	25,329	23,545
Depreciation and amortization	56,270	30,666
Gain on asset dispositions, net	(11,039)	(2,216)
Total costs and expenses	239,266	168,605
Operating income	81,898	24,499
Other income (expense):
Foreign exchange gain (loss)	(4,085)	2,348
Equity in net losses of unconsolidated companies	(5)	—
Interest income and other, net	1,483	130
Interest and other debt costs, net	(19,476)	(4,190)
Total other expense	(22,083)	(1,712)
Income before income taxes	59,815	22,787
Income tax expense	13,070	11,971
Net income	46,745	10,816
Net income (loss) attributable to noncontrolling interests	(281)	78
Net income attributable to Tidewater Inc.	$47,026	$10,738
Basic income per common share	$0.90	$0.21
Diluted income per common share	$0.89	$0.21
Weighted average common shares outstanding	52,320	50,604
Dilutive effect of warrants, restricted stock units and stock options	580	1,368
Adjusted weighted average common shares	52,900	51,972

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