$TDW
TIDEWATER INC

2017 Q2 Form 10-Q Financial Statement

#000156459017016833 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q2
Revenue $115.1M $160.7M $167.9M
YoY Change -31.45% -12.72% -44.9%
Cost Of Revenue $85.40M $83.50M $112.8M
YoY Change -24.29% -17.57% -39.03%
Gross Profit -$29.90M $77.20M -$23.67M
YoY Change 26.31% -6.76% -171.28%
Gross Profit Margin -25.97% 48.03% -14.09%
Selling, General & Admin $38.60M $50.20M $45.50M
YoY Change -15.16% 10.82% -13.17%
% of Gross Profit 65.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.30M $37.60M $44.60M
YoY Change -18.61% -16.81% -2.41%
% of Gross Profit 48.7%
Operating Expenses $74.90M $87.80M $90.10M
YoY Change -16.87% -3.09% -8.15%
Operating Profit -$205.4M -$69.34M -$66.14M
YoY Change 210.54% 22.58% -569.41%
Interest Expense $10.61M -$15.90M $16.95M
YoY Change -37.45% -25.0% 28.61%
% of Operating Profit
Other Income/Expense, Net -$318.7M -$18.51M
YoY Change 1621.81% -2.39%
Pretax Income -$524.1M -$85.30M -$84.65M
YoY Change 519.18% 9.64% 1635.64%
Income Tax $295.0K $1.700M $3.996M
% Of Pretax Income
Net Earnings -$524.4M -$94.86M -$89.10M
YoY Change 488.61% 15.98% 491.93%
Net Earnings / Revenue -455.61% -59.01% -53.06%
Basic Earnings Per Share -$11.13 -$2.01 -$1.89
Diluted Earnings Per Share -$11.13 -$2.01 -$1.89
COMMON SHARES
Basic Shares Outstanding 47.12M 47.07M
Diluted Shares Outstanding 47.12M 47.07M

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $683.8M $706.4M $668.7M
YoY Change 2.26% 4.13% 549.22%
Cash & Equivalents $683.8M $706.4M $668.7M
Short-Term Investments
Other Short-Term Assets $34.60M $18.41M $36.70M
YoY Change -5.72% -58.87% -9.07%
Inventory $31.10M $30.60M $32.10M
Prepaid Expenses $16.18M $11.41M $11.89M
Receivables $116.6M $123.3M $201.7M
Other Receivables $252.8M $262.6M $342.0M
Total Short-Term Assets $1.119B $1.141B $1.281B
YoY Change -12.67% -13.76% 53.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.659B $2.865B $3.475B
YoY Change -23.48% -19.33% -6.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $49.20M $45.12M $37.00M
YoY Change 32.97% 20.3% -40.99%
Other Assets $92.13M $139.5M $84.30M
YoY Change 9.29% 94.65% -12.88%
Total Long-Term Assets $2.801B $3.049B $3.597B
YoY Change -22.13% -16.69% -7.27%
TOTAL ASSETS
Total Short-Term Assets $1.119B $1.141B $1.281B
Total Long-Term Assets $2.801B $3.049B $3.597B
Total Assets $3.920B $4.191B $4.878B
YoY Change -19.65% -15.91% 3.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.09M $31.60M $53.70M
YoY Change -34.66% -35.68% -8.45%
Accrued Expenses $63.16M $78.12M $75.60M
YoY Change -16.46% -14.73% -36.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.11M $2.034B $2.041B
YoY Change -99.5% -0.56% 4394.5%
Total Short-Term Liabilities $260.2M $2.329B $2.432B
YoY Change -89.3% -5.04% 394.08%
LONG-TERM LIABILITIES
Long-Term Debt $80.86M $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $60.38M $154.7M $174.1M
YoY Change -65.32% -14.78% -24.51%
Total Long-Term Liabilities $141.2M $154.7M $174.1M
YoY Change -18.88% -14.78% -89.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $260.2M $2.329B $2.432B
Total Long-Term Liabilities $141.2M $154.7M $174.1M
Total Liabilities $401.4M $2.483B $2.665B
YoY Change -84.94% -5.71% 20.01%
SHAREHOLDERS EQUITY
Retained Earnings $1.475B $2.046B
YoY Change -30.9% -11.18%
Common Stock $170.2M $169.9M $173.0M
YoY Change -1.59% -0.8% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.111B $1.635B $2.213B
YoY Change
Total Liabilities & Shareholders Equity $3.920B $4.191B $4.878B
YoY Change -19.65% -15.91% 3.49%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q2
OPERATING ACTIVITIES
Net Income -$524.4M -$94.86M -$89.10M
YoY Change 488.61% 15.98% 491.93%
Depreciation, Depletion And Amortization $36.30M $37.60M $44.60M
YoY Change -18.61% -16.81% -2.41%
Cash From Operating Activities -$23.40M $70.10M -$10.90M
YoY Change 114.68% 13.06% -111.76%
INVESTING ACTIVITIES
Capital Expenditures $1.627M -$8.400M $7.578M
YoY Change -78.53% -80.14% -91.82%
Acquisitions
YoY Change
Other Investing Activities $5.900M $2.500M $12.70M
YoY Change -53.54% -83.44% 1740.58%
Cash From Investing Activities $4.300M -$5.900M $5.200M
YoY Change -17.31% -78.31% -108.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.316M $2.324M
YoY Change -0.34% -90.18%
Cash From Financing Activities -3.500M -7.600M -4.000M
YoY Change -12.5% -101.28% -20.0%
NET CHANGE
Cash From Operating Activities -23.40M 70.10M -10.90M
Cash From Investing Activities 4.300M -5.900M 5.200M
Cash From Financing Activities -3.500M -7.600M -4.000M
Net Change In Cash -22.60M 56.60M -9.700M
YoY Change 132.99% -91.02% -139.59%
FREE CASH FLOW
Cash From Operating Activities -$23.40M $70.10M -$10.90M
Capital Expenditures $1.627M -$8.400M $7.578M
Free Cash Flow -$25.03M $78.50M -$18.48M
YoY Change 35.44% -24.74% -18215.69%

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