XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 122,149,000 $ 91,493,000
Costs and expenses:    
Vessel operating costs 82,203,000 61,364,000
Costs of other operating revenues 764,000 2,474,000
General and administrative 27,140,000 23,565,000
Depreciation and amortization 22,932,000 12,017,000
Gain on asset dispositions, net (1,270,000) (1,919,000)
Asset impairments 0 6,186,000 [1]
Total operating costs and expenses 131,769,000 103,687,000
Operating loss (9,620,000) (12,194,000)
Other income (expense):    
Foreign exchange loss (508,000) (348,000)
Equity in net losses of unconsolidated companies (62,000) (15,439,000)
Interest income and other, net 2,470,000 (128,000)
Interest and other debt costs, net (7,736,000) (7,599,000)
Total other income (expense) (5,836,000) (23,514,000)
Loss before income taxes (15,456,000) (35,708,000)
Income tax expense 5,830,000 3,321,000
Net loss (21,286,000) (39,029,000)
Less: Net income attributable to noncontrolling interests 445,000 143,000
Net loss attributable to Tidewater Inc. $ (21,731,000) $ (39,172,000)
Basic loss per common share $ (0.58) $ (1.67)
Diluted loss per common share $ (0.58) $ (1.67)
Weighted average common shares outstanding 37,179 23,425
Adjusted weighted average common shares 37,179 23,425
Vessel Revenues    
Revenues:    
Total revenues $ 119,662,000 $ 87,494,000
Other Operating Revenues    
Revenues:    
Total revenues $ 2,487,000 $ 3,999,000
[1] Refer to Note (14) for additional information regarding asset impairment charges.