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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenue $ 299,262 $ 191,762 $ 707,327 $ 460,938
Costs and expenses:        
Vessel operating costs 164,239 113,037 397,962 281,805
Costs of other operating revenues 1,481 592 3,005 1,436
General and administrative 21,001 27,267 70,559 73,288
Depreciation and amortization 57,730 30,856 121,164 89,279
Long-lived asset impairment and other 0 1,214 0 714
(Gain) loss on asset dispositions, net (863) (264) (4,483) 826
Total costs and expenses 243,588 172,702 588,207 447,348
Operating income 55,674 19,060 119,120 13,590
Other income (expense):        
Foreign exchange loss (2,149) (3,997) (3,620) (4,932)
Equity in net earnings (losses) of unconsolidated companies 4 9 29 (235)
Interest income and other, net 568 581 3,488 4,416
Loss on warrants 0 0 0 (14,175)
Interest and other debt costs, net (19,288) (4,391) (28,209) (12,850)
Total other expense (20,865) (7,798) (28,312) (27,776)
Income (loss) before income taxes 34,809 11,262 90,808 (14,186)
Income tax expense 9,260 6,352 32,515 18,189
Net income (loss) 25,549 4,910 58,293 (32,375)
Net loss attributable to noncontrolling interests (650) (470) (1,228) (6)
Net income (loss) attributable to Tidewater Inc. $ 26,199 $ 5,380 $ 59,521 $ (32,369)
Basic income (loss) per common share (in dollars per share) $ 0.5 $ 0.12 $ 1.16 $ (0.76)
Diluted income (loss) per common share (in dollars per share) $ 0.49 $ 0.1 $ 1.13 $ (0.76)
Weighted average common shares outstanding (in shares) 52,230 44,451 51,235 42,570
Dilutive effect of warrants, restricted stock units and stock options (in shares) 1,380 7,069 1,322 0
Adjusted weighted average common shares (in shares) 53,610 51,520 52,557 42,570
Vessel [Member]        
Revenues:        
Revenue $ 296,975 $ 190,247 $ 698,478 $ 456,298
Product and Service, Other [Member]        
Revenues:        
Revenue $ 2,287 $ 1,515 $ 8,849 $ 4,640