Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 549

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 2
Chunk 549
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4 million ($9.7 million) with the Facility Agreement bearing interest at rates ranging from 5.2% to 5.4%.
    
   Debt Costs 
    
   We capitalize a portion of our interest costs incurred on borrowed funds used to construct vessels. Interest and debt costs incurred are as follows:

     (In Thousands)   Year Ended December 31,  
  2024  2023  2022 
 Total interest and debt costs incurred  $73,218  $48,742  $17,413 
 Less: interest costs capitalized   (251)  (270)  (224)
 Total interest and debt costs  $72,967  $48,472  $17,189 

   The Company’s scheduled principal long-term maturities as of  December 31, 2024, were as follows:

     Maturity of long-term debt (In Thousands)   Total Due  
 2025  $65,386 
 2026   327,903 
 2027   2,902 
 2028   251,696 
 Total  $647,887 

       91

    (5)  INVESTMENT IN UNCONSOLIDATED AFFILIATES 

    Amounts due from DTDW
    
   We own 40% of DTDW in Nigeria. Our partner, who owns 60%, is a Nigerian national. We have not operated any company owned vessels in Nigeria since early 2020.
    
   In 2022, we entered into a netting arrangement with our partner allowing either partner to discharge their obligations by netting these amounts against sums owed by the other partner. In accordance with this agreement, we have the ability to net our due from affiliate balance against the due to affiliate balance on our consolidated balance sheet.

       92

    (6)  INCOME TAXES  

   Income (losses) before income taxes derived from United States and non-U.S. operations are as follows:

     (In Thousands)   Year Ended December 31,  
  2024  2023  2022 
 Non-U.S.  $262,012  $174,103  $41,408 
 United States   (32,524)  (35,174)  (43,715)
  $229,