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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 31, 2017
Sep. 30, 2017
Sep. 30, 2018
Jul. 31, 2017
Sep. 30, 2018
Revenues:          
Total revenues   $ 74,300 $ 99,192   $ 296,286
Costs and expenses:          
Vessel operating costs   52,301 65,237   194,613
Costs of other operating revenues   2,273 1,681   4,797
General and administrative   16,246 25,546   73,536
Vessel operating leases   1,124      
Depreciation and amortization   8,142 13,390   38,192
(Gain) / Loss on asset dispositions, net   (4) 1,571   (1,686)
Asset impairments     16,853 [1]   24,254 [2]
Total costs and expenses   80,082 124,278   333,706
Operating loss   (5,782) (25,086)   (37,420)
Other income (expenses):          
Foreign exchange gain (loss)   (58) 1   (1,349)
Equity in net earnings (losses) of unconsolidated companies   1,305 56   (14,993)
Interest income and other, net   873 2,709   5,495
Reorganization items   (1,880)      
Interest and other debt costs, net   (5,240) (7,585)   (22,731)
Total other income (expenses)   (5,000) (4,819)   (33,578)
Loss before income taxes   (10,782) (29,905)   (70,998)
Income tax expense   4,745 1,278   10,396
Net loss   (15,527) (31,183)   (81,394)
Less: Net income (loss) attributable to noncontrolling interests   166 (287)   (386)
Net loss attributable to Tidewater Inc.   $ (15,693) $ (30,896)   $ (81,008)
Basic loss per common share [3]   $ (0.81) $ (1.16)   $ (3.23)
Diluted loss per common share [4]   $ (0.81) $ (1.16)   $ (3.23)
Weighted average common shares outstanding [5]   19,389,031 26,614,507   25,073,284
Adjusted weighted average common shares   19,389,031 26,614,507   25,073,284
Vessel Revenues          
Revenues:          
Total revenues   $ 70,571 $ 97,011   $ 288,679
Other Operating Revenues          
Revenues:          
Total revenues   $ 3,729 [6],[7] $ 2,181 [7]   $ 7,607 [6]
Predecessor          
Revenues:          
Total revenues $ 36,263     $ 312,118  
Costs and expenses:          
Vessel operating costs 32,665     197,283  
Costs of other operating revenues 763     5,037  
General and administrative 8,773     83,559  
Vessel operating leases 623     14,607  
Depreciation and amortization 11,160     85,039  
(Gain) / Loss on asset dispositions, net (372)     (9,625)  
Asset impairments 21,325 [1]     249,606 [2]  
Total costs and expenses 74,937     625,506  
Operating loss (38,674)     (313,388)  
Other income (expenses):          
Foreign exchange gain (loss) (2,024)     (2,516)  
Equity in net earnings (losses) of unconsolidated companies 269     7,627  
Interest income and other, net 704     3,974  
Reorganization items (1,083,729)     (1,396,905)  
Interest and other debt costs, net (574)     (32,188)  
Total other income (expenses) (1,085,354)     (1,420,008)  
Loss before income taxes (1,124,028)     (1,733,396)  
Income tax expense (1,529)     483  
Net loss (1,122,499)     (1,733,879)  
Less: Net income (loss) attributable to noncontrolling interests (24)     7,884  
Net loss attributable to Tidewater Inc. $ (1,122,475)     $ (1,741,763)  
Basic loss per common share [3] $ (23.82)     $ (36.98)  
Diluted loss per common share [4] $ (23.82)     $ (36.98)  
Weighted average common shares outstanding [5] 47,121,407     47,104,117  
Adjusted weighted average common shares 47,121,407     47,104,117  
Predecessor | Vessel Revenues          
Revenues:          
Total revenues $ 34,340     $ 303,501  
Predecessor | Other Operating Revenues          
Revenues:          
Total revenues $ 1,923 [7]     $ 8,617 [6]  
[1] Refer to Note (14) for additional information regarding asset impairment.
[2] Refer to Note (14) for additional information regarding asset impairment.
[3] The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding shares of common stock, basic”.
[4] The company calculates “Loss per share, diluted” by dividing “Net loss available to common shareholders” by “Weighted average common stock and equivalents”.
[5] Common shares and New Creditor Warrants and the sum of common shares and New Creditor Warrants outstanding at September 30, 2018, were 26,815,991, 3,512,416 and 30,328,407, respectively.
[6] Included in other operating revenues for the period from August 1, 2017 through September 30, 2017 (Successor) and the period from January 1, 2017 through July 31, 2017 (Predecessor), were $1.6 million and $1.1 million, respectively  of revenues related to the company’s subsea business. The eight ROVs representing substantially all of the company’s subsea assets were sold in December 2017.
[7] Included in other operating revenues for the period from August 1, 2017 through September 30, 2017 (Successor) and the period from July 1, 2017 through July 31, 2017 (Predecessor), were $1.6 million and $0.4 million, respectively of revenues related to the company’s subsea business. The eight ROVs representing substantially all of the company’s subsea assets were sold in December 2017.