Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 128

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 128
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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   64,948   55,133 
 Total current liabilities   331,613   328,731 
 Long-term debt   571,710   631,361 
 Other liabilities   60,396   64,985 
         
 Commitments and contingencies           
         
 Equity:         
 Common stock of $0.001 par value, 125,000,000 shares authorized. 51,461,472 and 52,259,303 shares issued and outstanding at December 31, 2024 and 2023, respectively   52   52 
 Additional paid-in capital   1,656,830   1,671,759 
 Accumulated deficit   (548,831)  (637,838)
 Accumulated other comprehensive income   6,060   5,266 
 Total stockholders’ equity   1,114,111   1,039,239 
 Noncontrolling interests   (2,926)  (1,542)
 Total equity   1,111,185   1,037,697 
 Total liabilities and equity  $2,074,904  $2,062,774 

See accompanying Notes to Consolidated Financial Statements.

      70

TIDEWATER INC. 

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, except per share data)

      Year Ended December 31,  
   2024