XML 55 R37.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 14 - Segment Information, Geographical Data and Major Customers (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 261,929 |  |  | $ | 237,205 |  |  | $ | 146,871 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 87,545 |  |  |  | 86,328 |  |  |  | 56,767 |
Repair and maintenance |  |  | 20,677 |  |  |  | 17,295 |  |  |  | 12,706 |
Insurance |  |  | 2,034 |  |  |  | 1,891 |  |  |  | 1,439 |
Fuel, lube and supplies |  |  | 13,635 |  |  |  | 13,175 |  |  |  | 9,655 |
Other |  |  | 24,391 |  |  |  | 19,232 |  |  |  | 13,442 |
Total vessel operating costs |  |  | 148,282 |  |  |  | 137,921 |  |  |  | 94,009 |
General and administrative expense |  |  | 14,046 |  |  |  | 15,105 |  |  |  | 10,926 |
Depreciation and amortization |  |  | 44,822 |  |  |  | 41,215 |  |  |  | 29,920 |
Vessel operating profit |  |  | 54,779 |  |  |  | 42,964 |  |  |  | 12,016 |
Additions to properties and equipment |  | $ | 5,980 |  |  | $ | 2,916 |  |  | $ | 4,468 |
Total assets |  | $ | 350,126 |  |  | $ | 418,151 |  |  | $ | 309,985 |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Asia Pacific: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 210,328 |  |  | $ | 122,235 |  |  | $ | 64,231 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 88,968 |  |  |  | 41,940 |  |  |  | 29,433 |
Repair and maintenance |  |  | 13,999 |  |  |  | 9,212 |  |  |  | 3,077 |
Insurance |  |  | 1,197 |  |  |  | 794 |  |  |  | 516 |
Fuel, lube and supplies |  |  | 8,834 |  |  |  | 5,251 |  |  |  | 4,139 |
Other |  |  | 10,311 |  |  |  | 7,751 |  |  |  | 5,081 |
Total vessel operating costs |  |  | 123,309 |  |  |  | 64,948 |  |  |  | 42,246 |
General and administrative expense |  |  | 8,544 |  |  |  | 8,147 |  |  |  | 12,299 |
Depreciation and amortization |  |  | 18,606 |  |  |  | 10,669 |  |  |  | 5,960 |
Vessel operating profit |  |  | 59,869 |  |  |  | 38,471 |  |  |  | 3,726 |
Additions to properties and equipment |  | $ | 2,157 |  |  | $ | 7,839 |  |  | $ | 317 |
Total assets |  | $ | 173,587 |  |  | $ | 167,085 |  |  | $ | 148,684 |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Middle East: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 152,187 |  |  | $ | 135,375 |  |  | $ | 110,375 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 53,390 |  |  |  | 53,416 |  |  |  | 44,944 |
Repair and maintenance |  |  | 17,595 |  |  |  | 16,187 |  |  |  | 12,210 |
Insurance |  |  | 1,882 |  |  |  | 1,784 |  |  |  | 1,412 |
Fuel, lube and supplies |  |  | 10,019 |  |  |  | 12,092 |  |  |  | 10,531 |
Other |  |  | 24,076 |  |  |  | 17,127 |  |  |  | 9,015 |
Total vessel operating costs |  |  | 106,962 |  |  |  | 100,606 |  |  |  | 78,112 |
General and administrative expense |  |  | 11,320 |  |  |  | 9,254 |  |  |  | 9,120 |
Depreciation and amortization |  |  | 30,135 |  |  |  | 26,566 |  |  |  | 24,236 |
Vessel operating profit |  |  | 3,770 |  |  |  | (1,051 | ) |  |  | (1,093 | )
Additions to properties and equipment |  | $ | 1,260 |  |  | $ | 3,016 |  |  | $ | 3,911 |
Total assets |  | $ | 180,286 |  |  | $ | 191,927 |  |  | $ | 197,054 |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Europe/Mediterranean: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 333,081 |  |  | $ | 230,217 |  |  | $ | 129,578 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 109,178 |  |  |  | 78,613 |  |  |  | 49,709 |
Repair and maintenance |  |  | 28,288 |  |  |  | 17,029 |  |  |  | 9,239 |
Insurance |  |  | 3,171 |  |  |  | 2,218 |  |  |  | 1,442 |
Fuel, lube and supplies |  |  | 14,650 |  |  |  | 11,697 |  |  |  | 6,026 |
Other |  |  | 18,864 |  |  |  | 13,758 |  |  |  | 8,426 |
Total vessel operating costs |  |  | 174,151 |  |  |  | 123,315 |  |  |  | 74,842 |
General and administrative expense |  |  | 12,726 |  |  |  | 10,063 |  |  |  | 8,158 |
Depreciation and amortization |  |  | 92,331 |  |  |  | 63,152 |  |  |  | 27,734 |
Vessel operating profit |  |  | 53,873 |  |  |  | 33,687 |  |  |  | 18,844 |
Additions to properties and equipment |  | $ | 11,069 |  |  | $ | 7,320 |  |  | $ | 1,302 |
Total assets |  | $ | 659,158 |  |  | $ | 671,626 |  |  | $ | 282,670 |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
West Africa: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 380,112 |  |  | $ | 273,961 |  |  | $ | 190,349 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 77,195 |  |  |  | 69,176 |  |  |  | 61,511 |
Repair and maintenance |  |  | 17,817 |  |  |  | 18,993 |  |  |  | 14,024 |
Insurance |  |  | 2,743 |  |  |  | 2,610 |  |  |  | 1,956 |
Fuel, lube and supplies |  |  | 18,233 |  |  |  | 18,333 |  |  |  | 13,378 |
Other |  |  | 24,415 |  |  |  | 20,613 |  |  |  | 17,223 |
Total vessel operating costs |  |  | 140,403 |  |  |  | 129,725 |  |  |  | 108,092 |
General and administrative expense |  |  | 9,495 |  |  |  | 9,281 |  |  |  | 10,611 |
Depreciation and amortization |  |  | 53,782 |  |  |  | 36,508 |  |  |  | 28,534 |
Vessel operating profit |  |  | 176,432 |  |  |  | 98,447 |  |  |  | 43,112 |
Additions to properties and equipment |  | $ | 3,300 |  |  | $ | 19,593 |  |  | $ | 2,923 |
Total assets |  | $ | 512,549 |  |  | $ | 421,054 |  |  | $ | 285,965 |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
World Wide: |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues |  | $ | 1,337,637 |  |  | $ | 998,993 |  |  | $ | 641,404 |
Other operating revenues |  |  | 8,198 |  |  |  | 10,992 |  |  |  | 6,280 |
Total revenue |  |  | 1,345,835 |  |  |  | 1,009,985 |  |  |  | 647,684 |
Vessel operating costs: |  |  |  |  |  |  |  |  |  |  |  |
Crew costs |  |  | 416,276 |  |  |  | 329,473 |  |  |  | 242,364 |
Repair and maintenance |  |  | 98,376 |  |  |  | 78,716 |  |  |  | 51,256 |
Insurance |  |  | 11,027 |  |  |  | 9,297 |  |  |  | 6,765 |
Fuel, lube and supplies |  |  | 65,371 |  |  |  | 60,548 |  |  |  | 43,729 |
Other |  |  | 102,057 |  |  |  | 78,481 |  |  |  | 53,187 |
Total vessel operating costs |  |  | 693,107 |  |  |  | 556,515 |  |  |  | 397,301 |
Costs of other operating revenues |  |  | 3,555 |  |  |  | 4,342 |  |  |  | 2,130 |
General and administrative expense |  |  | 56,131 |  |  |  | 51,850 |  |  |  | 51,114 |
Depreciation and amortization |  |  | 239,676 |  |  |  | 178,110 |  |  |  | 116,384 |
Operating profit |  |  | 353,366 |  |  |  | 219,168 |  |  |  | 80,755 |
Corporate expenses |  |  | (57,780 | ) |  |  | (45,654 | ) |  |  | (53,583 | )
Gain on asset dispositions, net |  |  | 15,762 |  |  |  | 8,701 |  |  |  | 250 |
Long-lived asset impairments and other |  |  | — |  |  |  | — |  |  |  | (714 | )
Operating income |  | $ | 311,348 |  |  | $ | 182,215 |  |  | $ | 26,708 |
Segment additions to properties and equipment |  | $ | 23,766 |  |  | $ | 40,684 |  |  | $ | 12,921 |
Corporate additions to properties and equipment |  |  | 3,814 |  |  |  | 5,168 |  |  |  | 3,716 |
Total additions to properties and equipment |  | $ | 27,580 |  |  | $ | 45,852 |  |  | $ | 16,637 |
Segment assets |  | $ | 1,875,706 |  |  | $ | 1,869,843 |  |  | $ | 1,224,358 |
Corporate assets |  |  | 199,198 |  |  |  | 192,931 |  |  |  | 73,298 |
Total assets |  | $ | 2,074,904 |  |  | $ | 2,062,774 |  |  | $ | 1,297,656 |
Revenue from External Customers by Geographic Areas [Table Text Block] |
(In Thousands) |  | Year Ended December 31, |
|  | 2024 |
Countries: |  |  |  |
United Kingdom |  | $ | 147,175 |
Angola |  |  | 144,566 |
Australia |  |  | 130,788 |
Saudi Arabia |  |  | 129,333 |
Norway |  |  | 112,167 |
United Sates |  |  | 81,547 |
Other (includes more than 30 countries) |  |  | 600,259 |
Total revenues |  | $ | 1,345,835 |
Entity Wide Major Customer Amount [Table Text Block] |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Eni S.p.A |  |  | 12.3 | % |  |  | 10.3 | % |  |  | * |
Chevron Corporation |  |  | * |  |  |  | * |  |  |  | 12.3 | %

X
- Definition Tabular disclosure represents the percentages owned by the entity wide major customers. + References No definition available. + Details
Name: | tdw_EntityWideMajorCustomerAmountTableTextBlock
Namespace Prefix: | tdw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration