Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 1229

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 6
Chunk 1229
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 net   15,762   8,701   250 
 Long-lived asset impairments and other   —   —   (714)
 Operating income  $311,348  $182,215  $26,708 
             
 Segment additions to properties and equipment  $23,766  $40,684  $12,921 
 Corporate additions to properties and equipment   3,814   5,168   3,716 
 Total additions to properties and equipment  $27,580  $45,852  $16,637 
             
 Segment assets  $1,875,706  $1,869,843  $1,224,358 
 Corporate assets   199,198   192,931   73,298 
 Total assets  $2,074,904  $2,062,774  $1,297,656 

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   The Company attributes revenue to various countries based on the location where services are actually performed. Revenues by country for the year ended  December 31, 2024 are as follows:

     (In Thousands)   Year Ended December 31,  
   2024  
 Countries:     
 United Kingdom  $147,175 
 Angola   144,566 
 Australia   130,788 
 Saudi Arabia   129,333 
 Norway   112,167 
 United Sates   81,547 
 Other (includes more than 30 countries)   600,259 
 Total revenues  $1,345,835 

   The following table discloses our customers that accounted for 10% or more of total revenues:

       Year Ended December 31,  
   2024    2023    2022  
 Eni S.p.A   12.3%  10.3%  * 
 Chevron Corporation   *   *   12.3%

   * Less than 10% of total revenues.

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    (15)  RESTRUCTURING CHARGES 

   In 2022, we recorded additional severance costs relating to the SPO Acquisition. Lease exit and severance and integration costs are included in general and administrative expenses in our Consolidated Statements of Operations.
    
   Activity for the lease exit and severance and integration liabilities