TIDEWATER INC
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 9, 2026
TDW$73.98+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months | Nine Months | |
|---|---|---|
| Ended | Ended | |
| September 30, 2026 | September 30, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $44,289 | $114,004 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 123,620 | 113,257 |
| Amortization of deferred drydocking and survey costs | 84,118 | 82,893 |
| Amortization of debt premium and discounts | 2,279 | 3,931 |
| Amortization of below market contracts | — | (981) |
| Unrealized foreign exchange (gain) loss | 3,850 | (21,076) |
| Deferred income taxes provision (benefit) | 19,788 | (11,569) |
| Gain on asset dispositions, net | (3,196) | (8,598) |
| Loss on early extinguishment of debt | — | 27,101 |
| Stock-based compensation expense | 10,457 | 11,029 |
| Changes in assets and liabilities: | ||
| Trade and other receivables | (242) | (8,791) |
| Accounts payable | (11,155) | (28,806) |
| Accrued expenses | (18,511) | 195 |
| Deferred drydocking and survey costs | (87,898) | (84,722) |
| Other, net | (5,956) | 38,281 |
| Net cash provided by operating activities | 161,443 | 226,148 |
| Cash flows from investing activities: | ||
| Proceeds from asset dispositions | 14,856 | 12,288 |
| Proceeds from sale of notes | — | 660 |
| Acquisitions, net of cash acquired | (272,975) | — |
| Additions to properties and equipment | (39,188) | (20,614) |
| Net cash used in investing activities | (297,307) | (7,666) |
| Cash flows from financing activities: | ||
| Issuance of long-term debt | — | 650,000 |
| Principal payments on long-term debt | (8,521) | (640,128) |
| Purchase of common stock | (7,945) | (90,089) |
| Payments on finance leases | (24,903) | (5,537) |
| Debt extinguishment premium | — | (19,589) |
| Debt issuance costs | (109) | (18,985) |
| Share based awards reacquired to pay taxes | (6,568) | (8,039) |
| Net cash used in financing activities | (48,046) | (132,367) |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | (2,704) | 15,960 |
| Net change in cash, cash equivalents and restricted cash | (186,614) | 102,075 |
| Cash, cash equivalents and restricted cash at beginning of period | 581,568 | 329,031 |
| Cash, cash equivalents and restricted cash at end of period | $394,954 | $431,106 |
TIDEWATER INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS CONTINUED
| Nine Months | Nine Months | |
|---|---|---|
| Ended | Ended | |
| September 30, 2026 | September 30, 2025 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest, net of amounts capitalized | $62,908 | $47,234 |
| Income taxes | $53,087 | $41,944 |
| Supplemental disclosure of noncash investing activities: | ||
| Purchase of vessels | $— | $10,727 |
| Recognition of finance leases | $— | $23,396 |
| Supplemental disclosure of noncash financing activities: | ||
| Debt incurred for purchase of vessels | $— | $11,479 |
| Assumption of debt on Wilson acquisition | $214,853 | $— |
Cash, cash equivalents and restricted cash at September 30, 2026 includes $4.1 million in long-term restricted cash, which is included in other assets in our Condensed Consolidated Balance Sheet.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.