← TIDEWATER INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | $979.1m | $601.6m | $406.5m | $486.5m | $397.0m | $371.0m | $647.7m | $1.0b | $1.3b | $1.4b | $1.3b | |
| Costs of other operating revenues | $18.8m | $12.7m | $5.5m | $2.8m | $3.4m | $2.2m | $2.1m | $4.3m | $3.6m | $6.4m | — | |
| Cost of Revenue | $561.1m |
$359.2m
-35.99%
|
$269.6m
-24.94%
|
$329.2m
+22.11%
|
$268.8m
-18.35%
|
$261.8m
-2.59%
|
$397.3m
+51.75%
|
$556.5m
+40.07%
|
$693.1m
+24.54%
|
$680.6m
-1.81%
|
$964.5m
+41.72%
|
|
| General and Administrative Expense | $153.8m | $145.9m | $110.0m | $103.7m | $73.4m | $68.5m | $101.9m | $95.3m | $110.8m | $134.5m | $134.3m | |
| Vessel operating costs | $561.1m | $359.2m | $269.6m | $329.2m | $268.8m | $261.8m | $397.3m | $556.5m | $693.1m | $680.6m | — | |
| Total costs and expenses | $1.0b | $1.2b | $514.0m | $573.2m | $583.8m | $466.0m | $621.0m | $827.8m | $1.0b | $1.1b | $1.1b | |
| Operating income | ($69.5m) |
($577.9m)
-731.16%
|
($107.5m)
+81.40%
|
($86.6m)
+19.44%
|
($186.8m)
-115.70%
|
($95.0m)
+49.14%
|
$26.7m
+128.11%
|
$182.2m
+582.25%
|
$311.3m
+70.87%
|
$282.6m
-9.23%
|
$247.6m
-12.38%
|
|
| Interest income and other, net | $2.7m | $5.2m | $11.3m | $6.6m | $1.2m | $1.6m | $5.4m | $6.5m | $6.4m | $8.2m | $6.8m | |
| Foreign exchange gain (loss) | ($5.4m) | ($1.6m) | $106k | ($1.3m) | ($5.2m) | ($369k) | ($2.8m) | ($1.4m) | ($15.3m) | $22.7m | — | |
| Total other expense | ($70.0m) | ($65.8m) | ($46.0m) | ($26.9m) | ($10.9m) | ($28.8m) | ($29.0m) | ($43.3m) | ($81.9m) | ($62.4m) | — | |
| Income before income taxes | ($139.6m) | ($643.6m) | ($153.5m) | ($113.5m) | ($197.7m) | ($123.8m) | ($2.3m) | $138.9m | $229.5m | $220.2m | $160.6m | |
| Income tax expense (benefit) | $20.8m | $6.4m | $18.3m | $27.7m | ($965k) | $5.9m | $19.9m | $43.3m | $50.2m | ($113.2m) | ($84.9m) | |
| Equity in net earnings of unconsolidated companies | ($13.6m) | $5.7m | ($18.9m) | ($3.2m) | $164k | ($3.3m) | ($221k) | $39k | $0 | $0 | — | |
| Net income | ($160.4m) |
($650.0m)
-305.30%
|
($171.8m)
+73.57%
|
($141.2m)
+17.79%
|
($196.7m)
-39.28%
|
($129.7m)
+34.08%
|
($22.2m)
+82.88%
|
$95.6m
+530.86%
|
$179.3m
+87.48%
|
$333.5m
+86.00%
|
$246.9m
-25.96%
|
|
| Net income attributable to Tidewater Inc. | ($160.2m) | ($660.1m) | ($171.5m) | ($141.7m) | ($196.2m) | ($129.0m) | ($21.7m) | $97.2m | $180.7m | $334.7m | $246.9m | |
| Less: Net losses attributable to noncontrolling interests | ($193k) | $10.1m | ($254k) | $524k | ($454k) | ($691k) | ($444k) | ($1.6m) | ($1.4m) | ($1.2m) | — | |
| Basic income per common share (in dollars per share) | ($110.00) | ($14.02) | ($6.45) | ($3.71) | ($4.86) | ($3.14) | ($0.49) | $1.88 | $3.44 | $6.69 | — | |
| Diluted income per common share (in dollars per share) | ($110.00) | ($14.02) | ($6.45) | ($3.71) | ($4.86) | ($3.14) | ($0.49) | $1.84 | $3.40 | $6.64 | — | |
| Weighted average common shares outstanding (in shares) | 1.5m | 47.1m | 26.6m | 38.2m | 40.4m | 41.0m | 44k | 52k | 52.5m | 50.1m | — | |
| Dilutive effect of warrants, restricted stock units and stock options (in shares) | — | — | $0 | $0 | $0 | $0 | $0 | $1k | $619k | $379k | — | |
| Adjusted weighted average common shares (in shares) | $47.0m | $47.1m | $26.6m | $38.2m | $40.4m | $41.0m | $44k | $53k | $53.1m | $50.4m | — | |
| Depreciation and amortization | $182.3m | $167.3m | $58.3m | $101.9m | $116.7m | $114.5m | $119.2m | $180.3m | $242.8m | $262.3m | — | |
| Gain on asset dispositions, net | ($26.0m) | ($24.1m) | ($10.6m) | ($2.3m) | ($7.6m) | $2.9m | ($250k) | ($8.7m) | ($15.8m) | ($13.7m) | — | |
| Loss on early extinguishment of debt | — | — | ($8.1m) | $0 | $0 | ($11.1m) | $0 | $0 | $0 | ($27.1m) | — | |
| Interest and other debt costs, net | ($53.8m) | ($75.0m) | ($30.4m) | ($29.1m) | ($24.2m) | ($15.6m) | ($17.2m) | ($48.5m) | ($73.0m) | ($66.1m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.