Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 626

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 626
---
   (1,384)  180,066 
 Issuance of common stock   1   (1)  —   —   —   — 
 Exercise of warrants into common stock   —   4   —   —   —   4 
 Repurchase and retirement of common stock   (1)  —   (91,649)  —   —   (91,650)
 Amortization of share-based awards   —   (14,932)  —   —   —   (14,932)
 Balance at December 31, 2024  $52   1,656,830   (548,831)  6,060   (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