$TDW
TIDEWATER INC

2013 Q1 Form 10-Q Financial Statement

#000119312513034152 Filed on February 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2011 Q4
Revenue $328.3M $309.5M $272.1M
YoY Change 13.45% 13.73% 0.11%
Cost Of Revenue $184.6M $181.1M $157.8M
YoY Change 8.21% 14.77% -3.37%
Gross Profit $143.7M $128.4M $114.3M
YoY Change 20.96% 12.34% 5.35%
Gross Profit Margin 43.77% 41.49% 42.0%
Selling, General & Admin $50.70M $50.30M $40.40M
YoY Change 24.26% 24.5% 21.69%
% of Gross Profit 35.28% 39.17% 35.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.30M $37.20M $35.20M
YoY Change 7.58% 5.68% 0.28%
% of Gross Profit 26.65% 28.97% 30.8%
Operating Expenses $89.00M $87.50M $75.60M
YoY Change 16.49% 15.74% 10.69%
Operating Profit $58.57M $40.97M $41.19M
YoY Change 26.28% -0.53% -3.31%
Interest Expense $900.0K $7.183M $6.027M
YoY Change -1000.0% 19.18% 254.53%
% of Operating Profit 1.54% 17.53% 14.63%
Other Income/Expense, Net -$3.556M -$3.936M
YoY Change -9.65%
Pretax Income $59.50M $37.40M $37.30M
YoY Change 28.51% 0.27% -15.8%
Income Tax $12.90M $7.471M $3.168M
% Of Pretax Income 21.68% 19.98% 8.49%
Net Earnings $46.59M $29.95M $34.09M
YoY Change 38.49% -12.15% -0.8%
Net Earnings / Revenue 14.19% 9.68% 12.53%
Basic Earnings Per Share $0.95 $0.61 $0.67
Diluted Earnings Per Share $0.95 $0.61 $0.67
COMMON SHARES
Basic Shares Outstanding 49.40M shares 49.16M shares 51.04M shares
Diluted Shares Outstanding 49.38M shares 51.24M shares

Balance Sheet

Concept 2013 Q1 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.60M $54.20M $188.3M
YoY Change -87.34% -71.22% -38.86%
Cash & Equivalents $40.57M $54.19M $188.3M
Short-Term Investments
Other Short-Term Assets $11.74M $12.56M $10.50M
YoY Change 16.51% 19.59% -22.22%
Inventory $62.30M $61.30M $52.50M
Prepaid Expenses
Receivables $274.5M $362.0M $287.1M
Other Receivables $118.9M $0.00 $0.00
Total Short-Term Assets $508.1M $490.0M $538.4M
YoY Change -26.8% -8.99% -17.55%
LONG-TERM ASSETS
Property, Plant & Equipment $3.190B $3.099B $2.881B
YoY Change 9.78% 7.57% 9.25%
Goodwill $297.8M $297.8M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $46.05M $55.36M $43.30M
YoY Change -0.07% 27.86% 18.63%
Other Assets $126.3M $113.8M $117.6M
YoY Change 7.15% -3.2% 17.01%
Total Long-Term Assets $3.660B $3.566B $3.340B
YoY Change 8.68% 6.77% 7.64%
TOTAL ASSETS
Total Short-Term Assets $508.1M $490.0M $538.4M
Total Long-Term Assets $3.660B $3.566B $3.340B
Total Assets $4.168B $4.056B $3.878B
YoY Change 2.62% 4.58% 3.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.37M $81.98M $50.70M
YoY Change -19.89% 61.7% 21.0%
Accrued Expenses $127.0M $147.5M $133.3M
YoY Change -5.88% 10.65% 4.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $266.6M $263.9M $206.8M
YoY Change 11.59% 27.62% 4.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.000B $930.0M $825.0M
YoY Change 5.26% 12.73% 17.86%
Other Long-Term Liabilities $139.1M $120.6M $131.3M
YoY Change 8.18% -8.17% -0.61%
Total Long-Term Liabilities $1.139B $1.051B $956.3M
YoY Change 5.61% 9.86% 14.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.6M $263.9M $206.8M
Total Long-Term Liabilities $1.139B $1.051B $956.3M
Total Liabilities $1.406B $1.314B $1.377B
YoY Change 6.7% -4.51% 10.18%
SHAREHOLDERS EQUITY
Retained Earnings $2.454B $2.420B
YoY Change 0.66%
Common Stock $124.9M $122.9M
YoY Change 15.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.562B $2.526B $2.501B
YoY Change
Total Liabilities & Shareholders Equity $4.168B $4.056B $3.878B
YoY Change 2.62% 4.58% 3.26%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $46.59M $29.95M $34.09M
YoY Change 38.49% -12.15% -0.8%
Depreciation, Depletion And Amortization $38.30M $37.20M $35.20M
YoY Change 7.58% 5.68% 0.28%
Cash From Operating Activities $31.20M $36.40M $70.50M
YoY Change -51.78% -48.37% 8.96%
INVESTING ACTIVITIES
Capital Expenditures -$114.0M -$136.8M -$141.9M
YoY Change 89.68% -3.59% 21.18%
Acquisitions
YoY Change
Other Investing Activities $9.300M $9.200M $5.600M
YoY Change -21.19% 64.29% -50.88%
Cash From Investing Activities -$104.7M -$127.6M -$136.4M
YoY Change 116.77% -6.45% 28.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.80M 8.700M -47.90M
YoY Change -48.4% -118.16% -116.1%
NET CHANGE
Cash From Operating Activities 31.20M 36.40M 70.50M
Cash From Investing Activities -104.7M -127.6M -136.4M
Cash From Financing Activities 59.80M 8.700M -47.90M
Net Change In Cash -13.70M -82.50M -113.8M
YoY Change -110.36% -27.5% -144.4%
FREE CASH FLOW
Cash From Operating Activities $31.20M $36.40M $70.50M
Capital Expenditures -$114.0M -$136.8M -$141.9M
Free Cash Flow $145.2M $173.2M $212.4M
YoY Change 16.35% -18.46% 16.83%

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tdw-20121231_cal.xml Edgar Link unprocessable
tdw-20121231_def.xml Edgar Link unprocessable
tdw-20121231_lab.xml Edgar Link unprocessable
tdw-20121231_pre.xml Edgar Link unprocessable