Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 240

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 240
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 uncertain tax positions. These procedures also included, among others (i) testing the provision for income taxes, including the effective tax rate reconciliation and permanent and temporary differences; (ii) testing the completeness and accuracy of underlying data used in measuring and recognizing certain deferred tax assets and liabilities; (iii) evaluating the completeness of management's assessment of the identification of uncertain tax positions, possible outcomes of each uncertain tax position based on the application of relevant tax laws, and the amount of the potential benefit to be realized, including estimated interest and penalties; and (iv) evaluating the status and results of income tax audits with the relevant tax authorities.

/s/ PricewaterhouseCoopers LLP
 
Houston, Texas
February 27, 2025
 
We have served as the Company's auditor since 2021.

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TIDEWATER INC. 

CONSOLIDATED BALANCE SHEETS 

(In Thousands, except share and par value data)

      December 31,    December 31,  
 ASSETS   2024    2023  
 Current assets:         
 Cash and cash equivalents  $324,918  $274,437 
 Restricted cash   2,032   1,241 
 Trade and other receivables, less allowance for credit losses of $3,184 and $15,914 as of December 31, 2024 and 2023, respectively   323,805   268,352 
 Marine operating supplies   34,319   31,933 
 Prepaid expenses and other current assets   13,588   15,172 
 Total current assets   698,662   591,135 
 Net properties and equipment   1,184,282   1,315,122 
 Deferred drydocking and survey costs   152,550   106,698 
 Indemnification assets   11,946   17,370 
 Other assets   27,464   32,449 
 Total assets  $2,074,904  $2,062,774 
         
 LIABILITIES AND STOCKHOLDERS' EQUITY         
 Current liabilities:         
 Accounts payable  $71,385  $44,931 
 Accrued expenses   129,894   125,590 
 Current portion of long-term debt   65,386   103,077 
 Other current liabilities   64