Tidewater (TDW) FY2022 results: revenue $648 million, up 74.6% on the year
Tidewater Inc. (TDW) reported revenue of $648 million for fiscal 2022, the year ended 31 December 2022, up 74.6% on the year before. Net income was -$22 million, and diluted earnings per share $-0.49. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$648 million
+74.6% on the year
FY2018FY2022
Operating margin
4.1%
-25.6% a year earlier
FY2018FY2022
Net income
-$22 million
FY2018FY2022
Diluted EPS
-$0.49
FY2018FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
40.2
15.0
4.0
+168.1%
Capital expenditure
16.6
9.0
14.9
+85.9%
Free cash flow
23.6
6.1
-10.9
+289.6%
Free cash flow margin
3.6%
1.6%
-2.7%
Cash from investing
-23.8
25.1
23.4
Cash from financing
-2.7
-41.0
-99.8
Depreciation and amortisation
83.5
73.2
73.0
+14.1%
Share-based compensation
7.4
5.6
5.1
+30.8%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
44m
41m
40m
+7.6%
Shares outstanding at period end
51m
41m
41m
+22.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
866
701
822
+23.5%
Non-controlling interest
0.0
0.5
1.2
-95.3%
Debt
169
168
193
+0.7%
Other liabilities
263
226
235
+16.1%
Total liabilities and equity
1,298
1,096
1,251
+18.4%
Fixed assets
797
688
780
+15.8%
Cash and equivalents
164
149
150
+10.2%
Receivables
156
86.5
113
+80.9%
Other assets
180
172
208
+4.7%
Total assets
1,298
1,096
1,251
+18.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.