2021 Q4 Form 10-K Financial Statement

#000143774922005725 Filed on March 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $105.2M $371.0M $91.90M
YoY Change 14.45% -6.55% -22.63%
Cost Of Revenue $71.42M $264.0M $63.70M
YoY Change 12.11% -3.0% -26.7%
Gross Profit $33.76M $107.0M $28.10M
YoY Change 20.14% -460.59% -11.91%
Gross Profit Margin 32.1% 28.84% 30.58%
Selling, General & Admin $17.46M $68.17M $11.00M
YoY Change 58.72% 3.13% -48.84%
% of Gross Profit 51.72% 63.72% 39.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.62M $73.22M $19.40M
YoY Change -4.03% 0.26% 0.0%
% of Gross Profit 55.15% 68.44% 69.04%
Operating Expenses $45.75M $182.7M $41.70M
YoY Change 9.71% -0.05% -16.1%
Operating Profit -$11.99M -$95.02M -$13.60M
YoY Change -11.86% -49.14% -72.82%
Interest Expense -$3.034M $1.605M -$8.600M
YoY Change -64.72% 30.7% -7.53%
% of Operating Profit
Other Income/Expense, Net -$28.77M
YoY Change 164.93%
Pretax Income -$41.13M -$123.8M -$33.90M
YoY Change 21.32% -37.38% -42.83%
Income Tax -$3.047M $5.875M -$4.500M
% Of Pretax Income
Net Earnings -$37.93M -$129.0M -$29.20M
YoY Change 29.91% -34.28% -51.21%
Net Earnings / Revenue -36.07% -34.76% -31.77%
Basic Earnings Per Share -$3.14
Diluted Earnings Per Share -$918.9K -$3.14 -$719.2K
COMMON SHARES
Basic Shares Outstanding 41.28M 41.01M 40.55M
Diluted Shares Outstanding 41.01M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $149.0M $149.9M
YoY Change -0.58% -0.58% -31.33%
Cash & Equivalents $149.0M $149.0M $149.9M
Short-Term Investments
Other Short-Term Assets $24.39M $24.39M $48.20M
YoY Change -49.39% -49.39% -20.98%
Inventory $12.61M $12.61M $15.90M
Prepaid Expenses
Receivables $86.50M $86.50M $112.6M
Other Receivables $70.13M $70.13M $62.10M
Total Short-Term Assets $342.7M $342.7M $388.6M
YoY Change -11.83% -11.82% -27.67%
LONG-TERM ASSETS
Property, Plant & Equipment $688.0M $691.5M $780.3M
YoY Change -11.83% -11.77% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $24.33M $61.63M $25.74M
YoY Change -5.47% -21.79% -29.15%
Total Long-Term Assets $753.1M $753.1M $862.5M
YoY Change -12.69% -12.69% -17.24%
TOTAL ASSETS
Total Short-Term Assets $342.7M $342.7M $388.6M
Total Long-Term Assets $753.1M $753.1M $862.5M
Total Assets $1.096B $1.096B $1.251B
YoY Change -12.42% -12.42% -20.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.79M $20.79M $16.98M
YoY Change 22.42% 22.28% -38.25%
Accrued Expenses $51.73M $53.14M $52.42M
YoY Change -1.31% -0.86% -29.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $27.80M
YoY Change -100.0% -100.0% 181.06%
Total Short-Term Liabilities $157.9M $157.9M $183.2M
YoY Change -13.78% -13.79% -1.35%
LONG-TERM LIABILITIES
Long-Term Debt $167.9M $167.9M $164.9M
YoY Change 1.79% 1.81% -40.89%
Other Long-Term Liabilities $68.18M $68.18M $79.79M
YoY Change -14.55% -14.56% -18.91%
Total Long-Term Liabilities $236.1M $236.1M $244.7M
YoY Change -3.54% -3.53% -35.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.9M $157.9M $183.2M
Total Long-Term Liabilities $236.1M $236.1M $244.7M
Total Liabilities $394.0M $394.5M $427.9M
YoY Change -7.92% -8.07% -24.01%
SHAREHOLDERS EQUITY
Retained Earnings -$677.9M -$548.9M
YoY Change 23.49% 55.71%
Common Stock $1.377B $1.372B
YoY Change 0.34% 0.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $701.3M $701.3M $822.1M
YoY Change
Total Liabilities & Shareholders Equity $1.096B $1.096B $1.251B
YoY Change -12.42% -12.42% -20.79%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$37.93M -$129.0M -$29.20M
YoY Change 29.91% -34.28% -51.21%
Depreciation, Depletion And Amortization $18.62M $73.22M $19.40M
YoY Change -4.03% 0.26% 0.0%
Cash From Operating Activities $6.938M $15.01M $2.200M
YoY Change 215.36% 276.47% -58.49%
INVESTING ACTIVITIES
Capital Expenditures -$6.368M $8.951M -$10.20M
YoY Change -37.57% -39.93% 148.78%
Acquisitions $0.00
YoY Change
Other Investing Activities $54.00K $34.01M $6.800M
YoY Change -99.21% -11.2% 83.78%
Cash From Investing Activities -$6.314M $25.06M -$3.400M
YoY Change 85.71% 7.11% 750.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.00K -$41.01M -65.60M
YoY Change -99.93% -58.89% -53.14%
NET CHANGE
Cash From Operating Activities 6.938M $15.01M 2.200M
Cash From Investing Activities -6.314M $25.06M -3.400M
Cash From Financing Activities -48.00K -$41.01M -65.60M
Net Change In Cash 576.0K -$949.0K -66.80M
YoY Change -100.86% -98.69% -50.56%
FREE CASH FLOW
Cash From Operating Activities $6.938M $15.01M $2.200M
Capital Expenditures -$6.368M $8.951M -$10.20M
Free Cash Flow $13.31M $6.055M $12.40M
YoY Change 7.31% -155.48% 31.91%

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CY2021 us-gaap Profit Loss
ProfitLoss
-129660000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
-196696000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
-141219000 USD
CY2021 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
-763000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-197264000 USD
CY2020 tdw Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
0 USD
CY2020 tdw Stock Issued During Period Value Amortization Or Cancellation Of Restricted Stock
StockIssuedDuringPeriodValueAmortizationOrCancellationOfRestrictedStock
4289000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
823272000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-126188000 USD
CY2021 tdw Stock Issued During Period Value Amortization Or Cancellation Of Restricted Stock
StockIssuedDuringPeriodValueAmortizationOrCancellationOfRestrictedStock
4685000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-126188000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-197264000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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701769000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-129660000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
-196696000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
-141219000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73223000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73030000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77045000 USD
CY2021 tdw Amortization Of Dry Docking And Survey Costs
AmortizationOfDryDockingAndSurveyCosts
41321000 USD
CY2020 tdw Amortization Of Dry Docking And Survey Costs
AmortizationOfDryDockingAndSurveyCosts
43679000 USD
CY2019 tdw Amortization Of Dry Docking And Survey Costs
AmortizationOfDryDockingAndSurveyCosts
24886000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-143649000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1144923000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-143649000 USD
CY2019 tdw Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
0 USD
CY2019 tdw Stock Issued During Period Value Amortization Or Cancellation Of Restricted Stock
StockIssuedDuringPeriodValueAmortizationOrCancellationOfRestrictedStock
15136000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1016410000 USD
CY2021 us-gaap Amortization Of Debt Discount Premium
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3171000 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3961000 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-4877000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1287000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1224000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
672000 USD
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2901000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
7591000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2263000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
400000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
52981000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2021 us-gaap Affiliate Costs
AffiliateCosts
0 USD
CY2020 us-gaap Affiliate Costs
AffiliateCosts
2000000 USD
CY2019 us-gaap Affiliate Costs
AffiliateCosts
0 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
15643000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
74109000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
37773000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11100000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-0 USD
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-0 USD
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-0 USD
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1039000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
5638000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
5117000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
19603000 USD
CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-26120000 USD
CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2606000 USD
CY2019 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-1086000 USD
CY2021 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-123000 USD
CY2020 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
11949000 USD
CY2019 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
22193000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1365000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2588000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2425000 USD
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2961000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-4264000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
4120000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3807000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-10520000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4438000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-688000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-17551000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8189000 USD
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-8920000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
8685000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
3008000 USD
CY2021 tdw Increase Decrease In Other Operating Liabilities And Deferred Credits
IncreaseDecreaseInOtherOperatingLiabilitiesAndDeferredCredits
-6849000 USD
CY2020 tdw Increase Decrease In Other Operating Liabilities And Deferred Credits
IncreaseDecreaseInOtherOperatingLiabilitiesAndDeferredCredits
-20002000 USD
CY2019 tdw Increase Decrease In Other Operating Liabilities And Deferred Credits
IncreaseDecreaseInOtherOperatingLiabilitiesAndDeferredCredits
1270000 USD
CY2021 tdw Increase Decrease In Cash Paid For Deferred Drydocking And Survey Costs
IncreaseDecreaseInCashPaidForDeferredDrydockingAndSurveyCosts
27282000 USD
CY2020 tdw Increase Decrease In Cash Paid For Deferred Drydocking And Survey Costs
IncreaseDecreaseInCashPaidForDeferredDrydockingAndSurveyCosts
33271000 USD
CY2019 tdw Increase Decrease In Cash Paid For Deferred Drydocking And Survey Costs
IncreaseDecreaseInCashPaidForDeferredDrydockingAndSurveyCosts
70437000 USD
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2165000 USD
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-8636000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3258000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15006000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3986000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31423000 USD
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
34010000 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
38296000 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
28847000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8951000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14900000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17998000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
25059000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
23396000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
10849000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
172375000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
198918000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
98080000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
133693000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7781000 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
-0 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
11402000 USD
CY2021 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
5737000 USD
CY2020 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
-0 USD
CY2019 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
-0 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
953000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
828000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4467000 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-857000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41014000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99765000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-149562000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227608000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
397744000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
154276000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
155225000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227608000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-949000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-72383000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-170136000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
155225000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
13747000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
21235000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
32687000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
19013000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
13018000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
14378000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Use of Estimates in Preparation of Financial Statements </b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the recorded amounts of revenues and expenses during the reporting period. The accompanying consolidated financial statements include estimates for allowance for credit losses, useful lives of property and equipment, estimated net realizable value of assets held for sale and marine operating supplies, income tax provisions, impairments, commitments and contingencies and certain accrued liabilities. We evaluate our estimates and assumptions on an ongoing basis based on a combination of historical information and various other assumptions that are considered reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are <em style="font: inherit;">not</em> readily apparent from other sources. These accounting policies involve judgment and uncertainties to such an extent that there is reasonable likelihood that materially different amounts could have been reported under different conditions or if different assumptions had been used and, as such, actual results <em style="font: inherit;"> may </em>differ from these estimates.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </p>
CY2021 tdw Increase Of Amortization Period
IncreaseOfAmortizationPeriod
P30M
CY2020 tdw Due To Affiliate Commissions Paid
DueToAffiliateCommissionsPaid
-0 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
898649000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
940175000 USD
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
19625000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
16861000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
918274000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
957036000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
230234000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
176718000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
688040000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
780318000 USD
CY2021 tdw Number Of Offshore Supply Vessels
NumberOfOffshoreSupplyVessels
153 pure
CY2021 tdw Number Of Vessels Disposed
NumberOfVesselsDisposed
18 pure
CY2021 tdw Number Of Vessels Disposed
NumberOfVesselsDisposed
18 pure
CY2020 tdw Number Of Offshore Supply Vessels
NumberOfOffshoreSupplyVessels
172 pure
CY2020 tdw Number Of Vessels Disposed
NumberOfVesselsDisposed
23 pure
CY2021Q4 tdw Number Of Ocean Going Tugs Contracted To Build
NumberOfOceanGoingTugsContractedToBuild
2 pure
CY2021Q4 tdw Ocean Going Tugs Expected Cost Each
OceanGoingTugsExpectedCostEach
6300000 USD
CY2021Q4 tdw Down Payments To Start Construction On Tugboats
DownPaymentsToStartConstructionOnTugboats
2300000 USD
CY2019 tdw Due To Affiliate Commissions Paid
DueToAffiliateCommissionsPaid
5961000 USD
CY2021 tdw Due To Related Party Amount Used To Offset Obligations
DueToRelatedPartyAmountUsedToOffsetObligations
8530000 USD
CY2020 tdw Due To Related Party Amount Used To Offset Obligations
DueToRelatedPartyAmountUsedToOffsetObligations
11848000 USD
CY2019 tdw Due To Related Party Amount Used To Offset Obligations
DueToRelatedPartyAmountUsedToOffsetObligations
10551000 USD
CY2021 tdw Due To Affiliate Other Increase Decrease
DueToAffiliateOtherIncreaseDecrease
1449000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-128969000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-196242000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-141743000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41008907
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40354638
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38204934
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41008907
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40354638
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38204934
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.14
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.86
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.71
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.14
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.86
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.71
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Concentrations of Credit Risk </b></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Our financial instruments that are exposed to concentrations of credit risk consist primarily of trade and other receivables from a variety of domestic, international and national energy companies. We manage our exposure to risk by performing ongoing credit evaluations of our customers’ financial condition and <em style="font: inherit;"> may </em>at times require prepayments or other forms of collateral. We also have net receivable balances related to joint ventures in which we own less than <em style="font: inherit;">50%.</em> We review and evaluate these receivables for collectability in a similar manner as we evaluate trade receivables. We maintain an allowance for credit loss based on expected collectability and do <em style="font: inherit;">not</em> believe we are generally exposed to concentrations of credit risk that are likely to have a material adverse impact on our financial position, results of operations, or cash flows.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p>
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
27797000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
167885000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
164934000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2100000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2700000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2600000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
175000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
197975000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
7115000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
5244000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
-0 USD
CY2021 us-gaap Interest And Debt Expense
InterestAndDebtExpense
15607000 USD
CY2020 us-gaap Interest And Debt Expense
InterestAndDebtExpense
24156000 USD
CY2019 us-gaap Interest And Debt Expense
InterestAndDebtExpense
29068000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-0 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-0 USD
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
15583000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
24156000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
29068000 USD
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
70134000 USD
CY2020Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
62050000 USD
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
61555000 USD
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
53194000 USD
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party Current
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8579000 USD
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P3Y3M18D
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800000 USD
CY2019 tdw Number Of Vessels Held For Sale Addition
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46 pure
CY2019 tdw Number Of Vessels Held For Sale Addition Percentage
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0.20 pure
CY2020 tdw Number Of Vessels Held For Sale Addition
NumberOfVesselsHeldForSaleAddition
32 pure
CY2021 tdw Number Of Vessels Transfer From Held For Sale To Active Fleet
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3 pure
CY2021Q4 tdw Number Of Vessels Held For Sale
NumberOfVesselsHeldForSale
18 pure
CY2021 tdw Number Of Active Vessels Sold
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10 pure
CY2021 tdw Proceeds From Sale Of Vessels And Other Assets
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34000000.0 USD
CY2020 tdw Proceeds From Sale Of Vessels And Other Assets
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38300000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
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3751000 USD
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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5693000 USD
CY2021Q4 tdw Defined Benefit Plan Concentration Risk Assets Equity Securities Difference Plan Assets And Liabilities
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0.25 pure
CY2020 tdw Number Of Vessels Held For Sale Sold
NumberOfVesselsHeldForSaleSold
53 pure
CY2020Q4 tdw Number Of Vessels Held For Sale
NumberOfVesselsHeldForSale
23 pure
CY2020 tdw Number Of Active Vessels Sold
NumberOfActiveVesselsSold
3 pure
CY2021 tdw Number Of Vessels Sold
NumberOfVesselsSold
9 pure
CY2021 tdw Number Of Vessels Held For Sale Addition
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7 pure
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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5990000 USD
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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5967000 USD
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
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13700000 USD
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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75200000 USD
CY2019 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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26700000 USD
CY2021 tdw Impairment Charge Recaptured
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1700000 USD
CY2020 tdw Impairment Charge Recaptured
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1000000.0 USD
CY2011Q4 us-gaap Other Assets
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Files In Submission

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