Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 416

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 416
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 (222,595)  615,556   (2,716)
 Net change in cash, cash equivalents and restricted cash   51,066   109,988   13,701 
 Cash, cash equivalents and restricted cash at beginning of period   277,965   167,977   154,276 
 Cash, cash equivalents and restricted cash at end of period  $329,031  $277,965  $167,977 

      74

TIDEWATER INC. 

CONSOLIDATED STATEMENTS OF CASH FLOWS 

       (In Thousands) 
       
      Year Ended December 31,

      2024

      2023

      2022

       Supplemental disclosure of cash flow information: 

       Cash paid during the year for: 

       Interest, net of amounts capitalized 
       
      $
      66,897

      $
      26,638

      $
      15,554

       Income taxes 
       
      $
      56,909

      $
      43,880

      $
      22,275

       Supplemental disclosure of noncash investing activities: 

       Acquisition of SPO 
       
      $
      —

      $
      —

      $
      162,648

       Purchase of four vessels 
       
      $
      —

      $
      14,265

      $
      —

       Supplemental disclosure of noncash financing activities: 

       Warrants issued for SPO acquisition 
       
      $
      —

      $
      —

      $
      162,648

       Repurchase of SPO Acquisition Warrants 
       
      $
      —

      $
      —

      $
      1,365

       Debt incurred for the purchase of four vessels 
       
      $
      —

      $
      15,235

      $
      —

Cash, cash equivalents and restricted cash at December 31, 2024 and 2023 includes $2.1 million and $2.3 million, respectively, in long-term restricted cash.

See accompanying Notes to Consolidated Financial Statements.

      75

    (1)  NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  

   Nature of Operations 
    
   We provide offshore support vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of offshore marine service vessels. Our revenues, net earnings and cash flows