XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenue $ 341,113 $ 340,356 $ 1,015,988 $ 1,000,750
Costs and expenses:        
Vessel operating costs 176,130 178,654 508,463 522,723
Costs of other operating revenues 1,252 901 5,790 2,867
General and administrative 35,256 28,471 95,563 80,129
Depreciation and amortization 66,404 62,435 196,150 178,150
Gain on asset dispositions, net (580) (51) (8,598) (13,090)
Total costs and expenses 278,462 270,410 797,368 770,779
Operating income 62,651 69,946 218,620 229,971
Other income (expense):        
Foreign exchange gain (loss) 1,277 5,522 20,549 (939)
Interest income and other, net 455 1,028 4,715 3,686
Loss on early extinguishment of debt (27,101) 0 (27,101) 0
Interest and other debt costs, net (16,589) (17,622) (49,375) (56,225)
Total other expense (41,958) (11,072) (51,212) (53,478)
Income before income taxes 20,693 58,874 167,408 176,493
Income tax expense 21,711 12,883 53,404 33,840
Net income (loss) (1,018) 45,991 114,004 142,653
Net loss attributable to noncontrolling interests (212) (380) (773) (1,098)
Net income (loss) attributable to Tidewater Inc. $ (806) $ 46,371 $ 114,777 $ 143,751
Basic income (loss) per common share (in dollars per share) $ (0.02) $ 0.88 $ 2.29 $ 2.74
Diluted income (loss) per common share (in dollars per share) $ (0.02) $ 0.87 $ 2.27 $ 2.7
Weighted average common shares outstanding (in shares) 49,498 52,490 50,217 52,498
Dilutive effect of warrants and restricted stock units (in shares) 0 593 364 656
Adjusted weighted average common shares (in shares) 49,498 53,083 50,581 53,154
Vessel [Member]        
Revenues:        
Revenue $ 338,491 $ 338,485 $ 1,006,048 $ 994,174
Product and Service, Other [Member]        
Revenues:        
Revenue $ 2,622 $ 1,871 $ 9,940 $ 6,576