Company: TDDWW
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024640
Chunk: 25

Company: TIDEWATER INC
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
TIDEWATER INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In Thousands, except share and par value data)

     June 30, 2025    December 31, 2024  
 ASSETS        
 Current assets:        
 Cash and cash equivalents $369,405  $324,918 
 Restricted cash  21   2,032 
 Trade and other receivables, net of allowance for credit losses of $3,031 and $3,184 at June 30, 2025 and December 31, 2024, respectively  316,491   323,805 
 Marine operating supplies  24,467   34,319 
 Prepaid expenses and other current assets  14,123   13,588 
 Total current assets  724,507   698,662 
 Net properties and equipment  1,132,114   1,184,282 
 Deferred drydocking and survey costs  165,659   152,550 
 Indemnification assets  11,158   11,946 
 Other assets  40,934   27,464 
 Total assets $2,074,372  $2,074,904 
        
 LIABILITIES AND EQUITY        
 Current liabilities:        
 Accounts payable $48,715  $71,385 
 Accrued expenses  131,305   129,894 
 Current portion of long-term debt  93,366   65,386 
 Other current liabilities  69,688   64,948 
 Total current liabilities  343,074   331,613 
 Long-term debt  531,874   571,710 
 Other liabilities  63,197   60,396 
        
 Commitments and contingencies          
        
 Equity:        
 Common stock of $0.001 par value, 125,000,000 shares authorized, 49,481,018 and 51,461,472 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively  50   52 
 Additional paid-in capital  1,656,626   1,656,830 
 Accumulated deficit  (524,235)  (548,831)
 Accumulated other comprehensive income