Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 1173

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 6
Chunk 1173
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   (2,926) $1,111,185 

See accompanying Notes to Consolidated Financial Statements.

      73

TIDEWATER INC. 

CONSOLIDATED STATEMENTS OF CASH FLOWS 

    (In Thousands)   Year Ended December 31,  
  2024  2023  2022 
 Operating activities:             
 Net income (loss)  $179,272  $95,621  $(22,193)
 Adjustments to reconcile net income (loss) to net cash provided by operating activities:             
 Depreciation   156,166   128,777   83,522 
 Amortization of deferred drydocking and survey costs   86,604   51,554   35,638 
 Amortization of debt premiums and discounts   6,741   4,619   1,679 
 Amortization of below market contracts   (5,000)  (3,800)  — 
 Deferred income taxes provision (benefit)   (2,807)  92   36 
 Gain on asset dispositions, net   (15,762)  (8,701)  (250)
 Gain on pension settlement   —   (2,313)  — 
 Gain on bargain purchase   —   —   (1,300)
 Long-lived asset impairments and other   —   —   714 
 Loss on warrants   —   —   14,175 
 Stock-based compensation expense   13,681   10,755   7,372 
 Changes in operating assets and liabilities, net:             
 Trade and other receivables   (55,453)  (109,756)  (4,129)
 Due to/from affiliate, net   —   —   (20)
 Marine operating supplies   (2,906)  1,984   (14,611)
 Prepaid expenses and other current assets   1,584   5,813   (4,899)
 Accounts payable   26,454   5,985   16,481 
 Accrued expenses   7,393   20,072   (1,340)
 Other current liabilities   13,908   809