$TDW
TIDEWATER INC

2013 Q3 Form 10-Q Financial Statement

#000119312513427434 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $367.9M $311.9M
YoY Change 17.96% 24.32%
Cost Of Revenue $199.4M $178.6M
YoY Change 11.65% 9.37%
Gross Profit $89.41M $133.3M
YoY Change -32.93% 52.17%
Gross Profit Margin 24.3% 42.74%
Selling, General & Admin $50.00M $41.90M
YoY Change 19.33% 10.85%
% of Gross Profit 55.92% 31.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.10M $36.00M
YoY Change 16.94% 6.19%
% of Gross Profit 47.09% 27.01%
Operating Expenses $92.00M $77.90M
YoY Change 18.1% 8.8%
Operating Profit $76.57M $57.20M
YoY Change 33.86% -1143.55%
Interest Expense $9.918M $7.148M
YoY Change 38.75% 49.98%
% of Operating Profit 12.95% 12.5%
Other Income/Expense, Net -$6.726M -$2.134M
YoY Change 215.18% -291.39%
Pretax Income $69.80M $55.10M
YoY Change 26.68% -1352.27%
Income Tax $15.67M $13.71M
% Of Pretax Income 22.45% 24.88%
Net Earnings $54.17M $41.36M
YoY Change 30.99% -948.15%
Net Earnings / Revenue 14.72% 13.26%
Basic Earnings Per Share $1.10 $0.84
Diluted Earnings Per Share $1.09 $0.83
COMMON SHARES
Basic Shares Outstanding 49.27M shares 49.39M shares
Diluted Shares Outstanding 49.72M shares 49.63M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.50M $136.7M
YoY Change -66.72% -54.77%
Cash & Equivalents $45.53M $136.7M
Short-Term Investments
Other Short-Term Assets $23.65M $15.64M
YoY Change 51.26% 4.95%
Inventory $53.70M $56.10M
Prepaid Expenses
Receivables $558.8M $333.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $681.8M $541.8M
YoY Change 25.84% -17.66%
LONG-TERM ASSETS
Property, Plant & Equipment $3.531B $3.012B
YoY Change 17.24% 8.0%
Goodwill $340.0M $297.8M
YoY Change 14.16%
Intangibles
YoY Change
Long-Term Investments $52.25M $50.11M
YoY Change 4.28% 30.49%
Other Assets $149.2M $120.4M
YoY Change 24.0% 6.41%
Total Long-Term Assets $4.073B $3.480B
YoY Change 17.02% 7.48%
TOTAL ASSETS
Total Short-Term Assets $681.8M $541.8M
Total Long-Term Assets $4.073B $3.480B
Total Assets $4.755B $4.022B
YoY Change 18.21% 3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.69M $89.56M
YoY Change 0.14% 61.95%
Accrued Expenses $168.2M $144.4M
YoY Change 16.43% 7.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $301.3M $263.4M
YoY Change 14.37% 24.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.446B $890.0M
YoY Change 62.43% 7.88%
Other Long-Term Liabilities $174.4M $130.4M
YoY Change 33.7% -3.68%
Total Long-Term Liabilities $1.620B $1.020B
YoY Change 58.76% 6.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $301.3M $263.4M
Total Long-Term Liabilities $1.620B $1.020B
Total Liabilities $1.921B $1.284B
YoY Change 49.65% -7.21%
SHAREHOLDERS EQUITY
Retained Earnings $2.513B $2.422B
YoY Change 3.77%
Common Stock $138.3M $117.6M
YoY Change 17.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.635B $2.520B
YoY Change
Total Liabilities & Shareholders Equity $4.755B $4.022B
YoY Change 18.21% 3.23%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $54.17M $41.36M
YoY Change 30.99% -948.15%
Depreciation, Depletion And Amortization $42.10M $36.00M
YoY Change 16.94% 6.19%
Cash From Operating Activities $6.200M $77.20M
YoY Change -91.97% 27.18%
INVESTING ACTIVITIES
Capital Expenditures -$63.90M -$112.4M
YoY Change -43.15% 31.62%
Acquisitions
YoY Change
Other Investing Activities $71.00M $3.600M
YoY Change 1872.22% -79.89%
Cash From Investing Activities $7.200M -$108.8M
YoY Change -106.62% 61.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.60M -72.30M
YoY Change -54.91% -164.27%
NET CHANGE
Cash From Operating Activities 6.200M 77.20M
Cash From Investing Activities 7.200M -108.8M
Cash From Financing Activities -32.60M -72.30M
Net Change In Cash -19.20M -103.9M
YoY Change -81.52% -198.2%
FREE CASH FLOW
Cash From Operating Activities $6.200M $77.20M
Capital Expenditures -$63.90M -$112.4M
Free Cash Flow $70.10M $189.6M
YoY Change -63.03% 29.77%

Facts In Submission

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dei Trading Symbol
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TDW
dei Entity Registrant Name
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TIDEWATER INC
dei Amendment Flag
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dei Entity Filer Category
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Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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CY2013Q3 tdw Operating Profit
OperatingProfit
89189000
CY2013Q3 tdw Payments To Acquire Property Plant And Equipment Including Non Cash Investing Activities
PaymentsToAcquirePropertyPlantAndEquipmentIncludingNonCashInvestingActivities
67901000
CY2013Q3 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract Tax
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContractTax
62000

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