Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 623

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 623
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’ equity   1,114,111   1,039,239 
 Noncontrolling interests   (2,926)  (1,542)
 Total equity   1,111,185   1,037,697 
 Total liabilities and equity  $2,074,904  $2,062,774 

See accompanying Notes to Consolidated Financial Statements.

      70

TIDEWATER INC. 

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, except per share data)

      Year Ended December 31,  
   2024    2023    2022  
 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 
 Costs and expenses:             
 Vessel operating costs   693,107   556,515   397,301 
 Costs of other operating revenues   3,555   4,342   2,130 
 General and administrative   110,817   95,283   101,921 
 Depreciation and amortization   242,770   180,331   119,160 
 Gain on asset dispositions, net   (15,762)  (8,701)  (250)
 Long-lived asset impairments and other   —   —   714 
 Total costs and expenses   1,034,487   827,770   620,976 
 Operating income   311,348   182,215   26,708 
 Other income (expense):             
 Foreign exchange loss   (15,276)  (1,370)  (2,827)
 Equity in net earnings (losses) of unconsolidated companies   —   39   (221)
 Interest income and other, net   6,383   6,517   5,397 
 Loss on warrants   —   —   (14,175)
 Interest and other debt costs, net   (72,967)  (48,472)  (17,189)
 Total other expense   (