Company: TDDWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-034124
Chunk: 19

Company: TIDEWATER INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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TIDEWATER INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In Thousands, except share and par value data)

     September 30, 2025    December 31, 2024  
 ASSETS        
 Current assets:        
 Cash and cash equivalents $428,225  $324,918 
 Restricted cash  —   2,032 
 Trade and other receivables, net of allowance for credit losses of $3,039 and $3,184 at September 30, 2025 and December 31, 2024, respectively  332,596   323,805 
 Marine operating supplies  27,857   34,319 
 Prepaid expenses and other current assets  11,652   13,588 
 Total current assets  800,330   698,662 
 Net properties and equipment  1,104,503   1,184,282 
 Deferred drydocking and survey costs  154,234   152,550 
 Indemnification assets  9,456   11,946 
 Other assets  60,357   27,464 
 Total assets $2,128,880  $2,074,904 
        
 LIABILITIES AND EQUITY        
 Current liabilities:        
 Accounts payable $42,579  $71,385 
 Accrued expenses  130,879   129,894 
 Current portion of long-term debt  5,840   65,386 
 Other current liabilities  97,162   64,948 
 Total current liabilities  276,460   331,613 
 Long-term debt  649,802   571,710 
 Other liabilities  63,594   60,396 
        
 Commitments and contingencies          
        
 Equity:        
 Common stock of $0.001 par value, 125,000,000 shares authorized, 49,562,017 and 51,461,472 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively  50   52 
 Additional paid-in capital  1,659,820   1,656,830 
 Accumulated deficit  (525,041)  (548,831)
 Accumulated other comprehensive income