XML 65 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Selected financial information for interim periods, is as follows:

 

 

 

Successor

 

 

 

Quarter Ended

 

 

Quarter Ended

 

 

 

Quarter Ended

 

 

Quarter Ended

 

 

 

March 31,

 

 

June 30,

 

 

 

September 30,

 

 

December 31,

 

(In thousands except per share data)

 

2018

 

 

2018

 

 

 

2018

 

 

2018

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

91,493

 

 

 

105,601

 

 

 

 

99,192

 

 

 

110,234

 

Impairment of due from affiliate included in operating loss

 

 

 

 

 

 

 

 

 

 

 

 

(20,083

)

Asset impairments included in operating loss

 

 

(6,186

)

 

 

(1,215

)

 

 

 

(16,853

)

 

 

(36,878

)

Operating income (loss)

 

 

(12,194

)

 

 

(140

)

 

 

 

(25,086

)

 

 

(70,077

)

Net loss attributable to Tidewater Inc.

 

 

(39,172

)

 

 

(10,940

)

 

 

 

(30,896

)

 

 

(90,509

)

Basic loss per share attributable to Tidewater Inc.

 

$

(1.67

)

 

 

(.44

)

 

 

 

(1.16

)

 

 

(2.83

)

Diluted loss per share attributable to Tidewater Inc.

 

$

(1.67

)

 

 

(.44

)

 

 

 

(1.16

)

 

 

(2.83

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

Quarter Ended

 

 

August 1, 2017

 

 

 

July 1, 2017

 

 

Quarter Ended

 

 

 

December 31,

 

 

through

 

 

 

through

 

 

June 30,

 

(In thousands except per share data)

 

2017

 

 

September 30, 2017

 

 

 

July 31, 2017

 

 

2017

 

Nine Month Transition Period

Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

104,453

 

 

 

74,300

 

 

 

 

36,263

 

 

 

115,106

 

Asset impairments included in operating loss

 

 

(16,777

)

 

 

 

 

 

 

(21,325

)

 

 

(163,423

)

Operating income (loss)

 

 

(18,091

)

 

 

(5,782

)

 

 

 

(38,674

)

 

 

(205,374

)

Net loss attributable to Tidewater Inc.

 

 

(23,573

)

 

 

(15,693

)

 

 

 

(1,122,475

)

 

 

(524,434

)

Basic loss per share attributable to Tidewater Inc.

 

$

(1.02

)

 

 

(.81

)

 

 

 

(23.82

)

 

 

(11.13

)

Diluted loss per share attributable to Tidewater Inc.

 

$

(1.02

)

 

 

(.81

)

 

 

 

(23.82

)

 

 

(11.13

)