← TIDEWATER INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income ($160.4m) ($650.0m) ($171.8m) ($141.2m) ($196.7m) ($129.7m) ($22.2m) $95.6m $179.3m $333.5m
Net Income From Continuing Operations — — — — — — ($22.2m) $95.6m $179.3m $333.5m
Depreciation $182.3m $167.3m $51.3m $77.0m $73.0m $73.2m $83.5m $128.8m $156.2m $151.1m
Amortization of deferred drydocking and survey costs — — $7.0m $24.9m $43.7m $41.3m $35.6m $51.6m $86.6m $111.2m
Amortization of debt premiums and discounts — — ($1.9m) ($4.9m) $4.0m $3.2m $1.7m $4.6m $6.7m $5.4m
Amortization of below market contracts — — — — — $0 $0 ($3.8m) ($5.0m) ($1.2m)
Depreciation Amortization Depletion — — — — — — $83.5m $128.8m $156.2m $151.1m
Deferred income taxes provision (benefit) ($6.8m) ($2.2m) $572k $672k $1.2m ($1.3m) $36k $92k ($2.8m) ($195.8m)
Deferred Income Tax — — — — — — $36k $92k ($2.8m) ($195.8m)
Deferred Tax — — — — — — $36k $92k ($2.8m) ($195.8m)
Asset Impairment Charge — — — — — $16.0m $714k $0 $0 —
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
Unrealized foreign exchange loss (gain) — — — — — — — $945k $14.3m ($23.4m)
Gain on pension settlement — — — — — $0 $0 ($2.3m) $0 $0
Stock-based compensation expense $13.2m $3.3m $13.4m $19.6m $5.1m $5.6m $7.4m $10.8m $13.7m $14.5m
Trade and other receivables $71.5m $104.8m $9.1m $1.1m ($2.6m) $26.1m ($4.1m) ($109.8m) ($55.5m) $38.4m
Marine operating supplies $13.7m $2.3m ($2.0m) $2.4m $2.6m $1.4m ($14.6m) $2.0m ($2.9m) ($4.6m)
Prepaid expenses and other current assets — — $10.9m ($4.1m) $4.3m $3.0m ($4.9m) $5.8m $1.6m $2.1m
Accounts payable ($4.9m) ($17.5m) ($15.2m) ($4.4m) ($10.5m) $3.8m $16.5m $6.0m $26.5m ($5.0m)
Accrued expenses ($53.1m) ($18.7m) ($13.5m) $8.2m ($17.6m) ($688k) ($1.3m) $20.1m $7.4m $23.3m
Other current liabilities ($15.6m) ($26.7m) $1.3m $3.0m $8.7m ($8.9m) ($555k) $809k $13.9m ($2.7m)
Other liabilities — — — — ($20.0m) ($6.8m) ($10.9m) ($740k) ($2.4m) $2.3m
Deferred drydocking and survey costs — — ($26.0m) ($70.4m) ($33.3m) ($27.3m) ($56.0m) ($97.4m) ($133.3m) ($98.6m)
Other, net $1.9m $3.4m $6.9m ($3.3m) $8.6m $2.2m ($3.2m) $1.3m ($353k) $15.3m
Proceeds from asset dispositions $10.7m $14.8m $46.1m $28.8m $38.3m $34.0m $13.6m $15.5m $19.3m $17.6m
Proceeds from sale of notes — — — — — — $0 $0 $8.1m $660k
Acquisitions, net of cash acquired — — — — $0 $0 ($20.7m) ($594.2m) $0 $0
Additions to properties and equipment ($194.5m) $5.0m ($21.4m) ($18.0m) ($14.9m) ($9.0m) ($16.6m) ($31.6m) ($27.6m) ($25.8m)
Exercise of warrants — — — — — $0 $0 $111.5m $4k $0
Payments on finance leases — — — — — — — $0 $0 ($6.4m)
Debt extinguishment premium — — ($8.1m) $0 $0 ($7.8m) $0 $0 $0 ($19.6m)
Acquisition of non-controlling interest in a majority owned subsidiary — — — — — $0 $0 ($1.4m) $0 $0
Share based awards reacquired to pay taxes — — ($4.4m) ($4.5m) ($828k) ($953k) ($2.3m) ($6.0m) ($28.6m) ($8.1m)
Interest, net of amounts capitalized $50.7m $70.7m $32.3m $32.7m $21.2m $13.7m $15.6m $26.6m $66.9m $47.8m
Income taxes $51.6m $26.9m $16.8m $14.4m $13.0m $19.0m $22.3m $43.9m $56.9m $60.3m
Purchase of vessels — — — — — $0 $0 $14.3m $0 $10.7m
Recognition of finance leases — — — — — — — $0 $0 $28.7m
Debt incurred for the purchase of four vessels — — — — — $0 $0 $15.2m $0 $11.5m
Beginning Cash Position — — — — — — $154.3m $168.0m $278.0m $329.0m
Cash Flow From Continuing Financing Activities — — — — — — ($2.7m) $615.6m ($222.6m) ($136.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($23.8m) ($610.3m) ($188k) ($7.5m)
Change In Account Payable — — — — — — $16.5m $6.0m $26.5m ($5.0m)
Change In Accrued Expense — — — — — — ($1.3m) $20.1m $7.4m $23.3m
Change In Inventory — — — — — — ($14.6m) $2.0m ($2.9m) ($4.6m)
Change In Other Current Liabilities — — — — — — ($11.5m) $69k $11.5m ($383k)
Change In Other Working Capital — — — — — — ($59.2m) ($97.5m) ($139.3m) ($83.3m)
Change In Payable — — — — — — $16.5m $6.0m $26.5m ($5.0m)
Change In Payables And Accrued Expense — — — — — — $15.1m $26.1m $33.8m $18.2m
Change In Prepaid Assets — — — — — — ($4.9m) $5.8m $1.6m $2.1m
Change In Receivables — — — — — — ($4.1m) ($109.8m) ($55.5m) $38.4m
Change In Working Capital — — — — — — ($79.2m) ($173.4m) ($150.7m) ($29.6m)
Changes In Cash — — — — — — $13.7m $109.5m $59.7m $235.7m
End Cash Position — — — — — — $168.0m $278.0m $329.0m $581.6m
Financing Cash Flow — — — — — — ($2.7m) $615.6m ($222.6m) ($136.0m)
Free Cash Flow — — — — — — $23.6m $72.6m $254.9m $353.3m
Investing Cash Flow — — — — — — ($23.8m) ($610.3m) ($188k) ($7.5m)
Issuance Of Capital Stock — — — — — $0 $187.8m $0 $0 —
Net Business Purchase And Sale — — — — — — ($20.7m) ($594.2m) $0 $0
Net Foreign Currency Exchange Gain Loss — — — — — — — $945k $14.3m ($23.4m)
Net PPE Purchase And Sale — — — — — — ($16.6m) ($31.6m) ($27.6m) ($25.8m)
Operating Gains Losses — — — — — — $13.9m ($10.1m) ($1.5m) ($10.0m)
Other Non Cash Items — — — — — — $36.0m $52.4m $88.3m $115.4m
Pension And Employee Benefit Expense — — — — — — $0 ($2.3m) $0 $0
Proceeds From Stock Option Exercised — — — — — — ($187.8m) $111.5m $4k $0
Purchase Of Business — — — — — — ($20.7m) ($594.2m) $0 $0
Purchase Of PPE $25.5m $9.8m $21.4m $18.0m $14.9m $9.0m ($16.6m) ($31.6m) ($27.6m) ($25.8m)
Repurchase Of Capital Stock — — — — — — $0 ($35.0m) ($90.7m) ($90.1m)
Stock Based Compensation — — — — — — $7.4m $10.8m $13.7m $14.5m
Net cash provided by operating activities $253.4m $29.8m $3.9m ($31.4m) $4.0m $15.0m $40.2m $104.7m $273.8m $379.1m
Net Other Investing Changes — — — — — — $13.6m $15.5m $27.4m $18.3m
Net cash used in investing activities ($135.0m) $14.9m $68.5m $10.8m $23.4m $25.1m ($23.8m) ($610.3m) ($188k) ($7.5m)
Issuance of long-term debt — — — $0 $0 $172.4m $0 $575.0m $0 $650.0m
Debt issuance costs ($996k) — — — — ($5.7m) ($393k) ($14.8m) ($213k) ($19.8m)
Issuance Of Debt — — — — — — $0 $575.0m $0 $650.0m
Long Term Debt Issuance — — — — — — $0 $575.0m $0 $650.0m
Net Issuance Payments Of Debt — — — — — — $0 $561.3m ($103.0m) $1.6m
Net Long Term Debt Issuance — — — — — — $0 $561.3m ($103.0m) $1.6m
Principal payments on long-term debt ($136.8m) ($10.1m) ($105.2m) ($133.7m) ($98.1m) ($198.9m) $0 ($13.7m) ($103.0m) ($641.9m)
Long Term Debt Payments — — — — — — $0 ($13.7m) ($103.0m) ($648.4m)
Repayment Of Debt — — — — — — $0 ($13.7m) ($103.0m) ($648.4m)
Common Stock Issuance — — — — — $0 $187.8m $0 $0 —
Net Common Stock Issuance — — — — — — $187.8m ($35.0m) ($90.7m) ($90.1m)
Purchase of common stock — — — — — $0 $0 ($35.0m) ($90.7m) ($90.1m)
Common Stock Payments — — — — — — $0 ($35.0m) ($90.7m) ($90.1m)
Net Other Financing Charges — — — — — — ($2.7m) ($22.2m) ($28.8m) ($47.5m)
Net cash provided by (used in) financing activities $481.5m ($16.7m) ($128.1m) ($149.6m) ($99.8m) ($41.0m) ($2.7m) $615.6m ($222.6m) ($136.0m)
Effects of exchange rate changes on cash, cash equivalents and restricted cash — — — — — — — $511k ($8.6m) $16.9m
Effect Of Exchange Rate Changes — — — — — — — $511k ($8.6m) $16.9m
Net change in cash, cash equivalents and restricted cash — $28.0m ($55.6m) ($170.1m) ($72.4m) ($949k) $13.7m $110.0m $51.1m $252.5m
Cash, cash equivalents and restricted cash at beginning of period — $706.4m $397.7m $227.6m $155.2m $154.3m $168.0m $278.0m $329.0m $581.6m
Change In Cash Supplemental As Reported — — — — — — $13.7m $110.0m $51.1m $252.5m
Income Tax Paid Supplemental Data — — — — — — $22.3m $43.9m $56.9m $60.3m
Interest Paid Supplemental Data — — — — — — $15.6m $26.6m $66.9m $47.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.