Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 513

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 2
Chunk 513
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Other 

Due to our international operations, we are exposed to foreign currency exchange rate fluctuations and exchange rate risks on all charter hire contracts denominated in foreign currencies. For some of our international contracts, a portion of the revenue and local expenses are incurred in local currencies with the result that we are at risk of changes in the exchange rates between the U.S. dollar and foreign currencies. We generally do not hedge against any foreign currency rate fluctuations associated with foreign currency contracts that arise in the normal course of business, which exposes us to the risk of exchange rate losses. To minimize the financial impact of these items we attempt to contract a significant majority of our services in U.S. dollars. In addition, we attempt to minimize the financial impact of these risks by matching the currency of our operating costs with the currency of the revenue streams when considered appropriate. We continually monitor the currency exchange risks associated with all contracts not denominated in U.S. dollars. In 2024 and 2023, we expanded our operations in several regions with currency risk and more bureaucratic barriers to the repatriation of cash, notably several countries in West Africa. In addition, our operations in Egypt were affected by currency devaluation in 2024. We are working to mitigate this additional foreign currency risk with a focus on reducing working capital levels denominated in currencies other than the U.S. dollar.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 
 
TIDEWATER INC. 
 
Report on Form 10-K 
Items 8, 15(a), and 15(c) 
 
Index to Financial Statements
 
 Financial Statements   Page 
Report of Independent Registered Public Accounting Firm For The Years Ended December 31, 2024, 2023 and 2022 (PCAOB ID 238) 68
 Consolidated Balance Sheets, December 31, 2024 and December 31, 2023   70 
 Consolidated Statements of Operations, years ended December 31, 2024, 2023 and 2022   71 
 Consolidated Statements of Comprehensive Income (Loss), years ended December 31, 2024, 2023, and 2022   72 
 Consolidated Statements of Equity, years ended December 31, 2024, 2023 and 2022   73 
 Consolidated Statements of Cash Flows, years ended December 31, 2024, 2023 and