This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tidewater Reports First Quarter Results For Fiscal 2014

The company’s vessel commitments by vessel class and type as of June 30, 2013, were as follows:

    Non-U.S. Built     U.S. Built
Number         Invested     Remaining Number         Invested     Remaining
of Total Through Balance of Total Through Balance
Vessel class and type     Vessels     Cost     06/30/13     06/30/13     Vessels     Cost     06/30/13     06/30/13

In thousands, except number of vessels:
Deepwater platform supply vessels 18 $ 517,694 87,166 430,528 5 253,615 115,479 138,136
Towing-supply/supply vessels 6 112,907 42,477 70,430 --- --- --- ---
Other     3       61,487     48,299     13,188     ---     ---     ---     ---
Totals     27     $ 692,088     177,942     514,146     5     253,615     115,479     138,136
 

The table below summarizes by vessel class and vessel type the number of vessels expected to be delivered by quarter along with the expected cash outlay (in thousands) of the various vessel commitments as discussed above:
 

Quarter Period Ended
 
Vessel class and type   09/13     12/13     03/14   06/14     09/14     Thereafter  
Deepwater platform supply vessels 2     1     2   5     3     10
Towing-supply/supply vessels --- --- --- --- 3 3
Other   1     1     ---   ---     ---     1  
Totals   3     2     2   5     6     14  
(In thousands)

Expected quarterly cash outlay
 

$101,487
    50,374     94,024   97,838     113,925    

194,634

(A)

(A) The $194,634 of ‘Thereafter’ vessel construction obligations are expected to be paid out as follows: $92,137 in the remaining quarters of fiscal 2015 and $102,497 during fiscal 2016.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs