Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 919

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 919
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  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   (555)
 Other liabilities   (2,415)  (740)  (10,930)
 Deferred drydocking and survey costs   (133,258)  (97,378)  (56,000)
 Other, net   (353)