Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenues: | ||||
| Revenue | $ 341,431 | $ 339,230 | $ 674,875 | $ 660,394 |
| Costs and expenses: | ||||
| Vessel operating costs | 167,354 | 176,513 | 332,333 | 344,069 |
| Costs of other operating revenues | 3,108 | 816 | 4,538 | 1,966 |
| General and administrative | 31,213 | 26,329 | 60,307 | 51,658 |
| Depreciation and amortization | 64,314 | 59,445 | 129,746 | 115,715 |
| Gain on asset dispositions, net | (5,480) | (2,000) | (8,018) | (13,039) |
| Total costs and expenses | 260,509 | 261,103 | 518,906 | 500,369 |
| Operating income | 80,922 | 78,127 | 155,969 | 160,025 |
| Other income (expense): | ||||
| Foreign exchange gain (loss) | 11,703 | (2,376) | 19,272 | (6,461) |
| Equity in net earnings of unconsolidated companies | 0 | 5 | 0 | 0 |
| Interest income and other, net | 2,103 | 1,175 | 4,260 | 2,658 |
| Interest and other debt costs, net | (16,442) | (19,127) | (32,786) | (38,603) |
| Total other expense | (2,636) | (20,323) | (9,254) | (42,406) |
| Income before income taxes | 78,286 | 57,804 | 146,715 | 117,619 |
| Income tax expense | 5,584 | 7,887 | 31,693 | 20,957 |
| Net income | 72,702 | 49,917 | 115,022 | 96,662 |
| Net loss attributable to noncontrolling interests | (228) | (437) | (561) | (718) |
| Net income attributable to Tidewater Inc. | $ 72,930 | $ 50,354 | $ 115,583 | $ 97,380 |
| Basic income per common share (in dollars per share) | $ 1.47 | $ 0.96 | $ 2.29 | $ 1.85 |
| Diluted income per common share (in dollars per share) | $ 1.46 | $ 0.94 | $ 2.27 | $ 1.83 |
| Weighted average common shares outstanding (in shares) | 49,674 | 52,684 | 50,583 | 52,502 |
| Dilutive effect of warrants, restricted stock units and stock options (in shares) | 337 | 663 | 350 | 640 |
| Adjusted weighted average common shares (in shares) | 50,011 | 53,347 | 50,933 | 53,142 |
| Vessel [Member] | ||||
| Revenues: | ||||
| Revenue | $ 336,858 | $ 337,003 | $ 667,557 | $ 655,689 |
| Product and Service, Other [Member] | ||||
| Revenues: | ||||
| Revenue | $ 4,573 | $ 2,227 | $ 7,318 | $ 4,705 |
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- Definition The amount of interest and other debt costs. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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