Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 242

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 242
---
—   —   714 
 Total costs and expenses   1,034,487   827,770   620,976 
 Operating income   311,348   182,215   26,708 
 Other income (expense):             
 Foreign exchange loss   (15,276)  (1,370)  (2,827)
 Equity in net earnings (losses) of unconsolidated companies   —   39   (221)
 Interest income and other, net   6,383   6,517   5,397 
 Loss on warrants   —   —   (14,175)
 Interest and other debt costs, net   (72,967)  (48,472)  (17,189)
 Total other expense   (81,860)  (43,286)  (29,015)
 Income (loss) before income taxes   229,488   138,929   (2,307)
 Income tax expense   50,216   43,308   19,886 
 Net income (loss)   179,272   95,621   (22,193)
 Less: Net losses attributable to noncontrolling interests   (1,384)  (1,564)  (444)
 Net income (loss) attributable to Tidewater Inc.  $180,656  $97,185  $(21,749)
 Basic income (loss) per common share  $3.44  $1.88  $(0.49)
 Diluted income (loss) per common share  $3.40  $1.84  $(0.49)
 Weighted average common shares outstanding   52,452   51,591   44,132 
 Dilutive effect of warrants, restricted stock units and stock options   619   1,346   — 
 Adjusted weighted average common shares   53,071   52,937   44,132 

See accompanying Notes to Consolidated Financial Statements.

      71

TIDEWATER INC. 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

    (In Thousands)   Year Ended December 31,  
  2024  2023  2022 
 Net income (loss