Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 577

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 2
Chunk 577
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$512,549  $421,054  $285,965 

     (In Thousands)   Year Ended December 31,  
   2024    2023    2022  
 World Wide:             
 Revenues:             
 Vessel revenues  $1,337,637  $998,993  $641,404 
 Other operating revenues   8,198   10,992   6,280 
 Total revenue   1,345,835   1,009,985   647,684 
             
 Vessel operating costs:             
 Crew costs   416,276   329,473   242,364 
 Repair and maintenance   98,376   78,716   51,256 
 Insurance   11,027   9,297   6,765 
 Fuel, lube and supplies   65,371   60,548   43,729 
 Other   102,057   78,481   53,187 
 Total vessel operating costs   693,107   556,515   397,301 
 Costs of other operating revenues   3,555   4,342   2,130 
 General and administrative expense   56,131   51,850   51,114 
 Depreciation and amortization   239,676   178,110   116,384 
 Operating profit   353,366   219,168   80,755 
 Corporate expenses   (57,780)  (45,654)  (53,583)
 Gain on asset dispositions, net   15,762   8,701   250 
 Long-lived asset impairments and other   —   —   (714)
 Operating income  $311,348  $182,215  $26,708 
             
 Segment additions to properties and equipment  $23,766  $40,684  $12,921 
 Corporate additions to properties and equipment   3,814   5,168   3,716 
 Total additions to properties and equipment  $27,580  $45,852  $16,637 
             
 Segment assets  $1,875,706  $1,869,843