Zoho Sheet - TDW: Income Statement-2009Q3

Tidewater ($M)		30 Sep 2009	30 Sep 2009	30 Jun 2009	31 Mar 2009	31 Dec 2008	30 Sep 2008	30 Jun 2008	31 Mar 2008	31 Dec 2007	30 Sep 2007	30 Jun 2007	31 Mar 2007
		(actual)	(predicted)	(actual)	(actual)	(actual)	(actual)	(actual)	(actual)	(actual)	(actual)	(actual)	(actual)
Revenue		$296	$320	$327	$342	$362	$347	$340	$331	$314	$319	$305	$294
Operating Expenses
	Cost of Goods Sold	($158)	($166)	($168)	($154)	($173)	($177)	($187)	($170)	($150)	($162)	($150)	($137)
	Depreciation	($32)	($33)	($32)	($33)	($32)	($31)	($31)	($32)	($31)	($30)	($28)	($30)
	Research & development
	Selling, General & Administrative	($38)	($35)	($34)	($34)	($32)	($35)	($35)	($33)	($31)	($31)	($32)	($26)
	Special operating charges	($1)		($49)
Operating income		$67	$86	$44	$121	$126	$104	$87	$97	$102	$97	$95	$100
	Gains on investments
	Gains on asset sales	$5	$6	$13	$6	$5	$6	$10	$2	$1	$2	$7	$3
	Net interest and other income	$3	$6	$6	$5	$9	$8	$5	$6	$6	$7	$6	$7
Income before taxes		$75	$98	$62	$132	$139	$118	$102	$104	$108	$105	$108	$110
	Provisions for income taxes	$23	($18)	($18)	($23)	($22)	($22)	($17)	($19)	($18)	($19)	($21)	($23)
Net income before adjustments		$98	$80	$44	$110	$117	$95	$85	$85	$89	$86	$88	$88
	Minority interests
	Income from discontinued ops
Net income		$98	$80	$44	$110	$117	$95	$85	$85	$89	$86	$88	$88
Earnings Per Share		$1.90	$1.56	$0.86	$2.13	$2.28	$1.85	$1.64	$1.63	$1.66	$1.56	$1.55	$1.56

Shares Outstanding		51.6	51.6	51.6	51.4	51.3	51.5	51.8	52.3	53.8	55.6	56.5	56.0
Price per share		$47.09		$42.87	$37.13	$40.27	$55.36	$65.03	$55.11	$54.86	$62.84	$70.88	$58.58
Market Value		$2,430	$0	$2,210	$1,909	$2,067	$2,850	$3,370	$2,884	$2,952	$3,491	$4,006	$3,280

Revenue growth from year-earlier		-14.8%	-7.7%	-4.0%	3.1%	15.3%	8.7%	11.3%	12.9%
Operating income growth from year-earlier		-36.0%	-17.4%	-49.9%	25.0%	24.0%	7.7%	-8.7%	-3.4%
Net income growth from year-earlier		2.9%	-15.8%	-47.5%	28.5%	30.9%	10.4%	-3.2%	-2.5%
EPS growth from year earlier		2.6%	-16.0%	-47.3%	30.8%	37.3%	19.1%	5.6%	4.3%

CGS/Revenue		53.6%	51.9%	51.5%	45.0%	47.7%	50.9%	55.0%	51.2%	47.9%	50.7%	49.2%	46.7%
Gross Margin		46.4%	48.1%	48.5%	55.0%	52.3%	49.1%	45.0%	48.8%	52.1%	49.3%	50.8%	53.3%
Depreciation/Revenue		10.9%	10.3%	9.7%	9.6%	8.9%	8.8%	9.0%	9.6%	9.9%	9.4%	9.2%	10.2%
R&D/Revenue		0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
SG&A/Revenue		12.8%	10.9%	10.5%	10.0%	8.7%	10.2%	10.3%	10.0%	9.9%	9.6%	10.3%	8.9%
Income tax rate		-30.2%	18.0%	28.4%	17.1%	16.1%	18.9%	17.0%	18.2%	17.0%	18.0%	19.0%	20.6%


Revenue (TTM)		$1,326	$1,351	$1,377	$1,391	$1,381	$1,333	$1,305	$1,270	$1,232
Net Income (TTM)		$369	$352	$367	$407	$383	$355	$346	$349	$351
EPS (TTM)		$7.18	$6.83	$7.13	$7.90	$7.39	$6.78	$6.48	$6.39	$6.33

Revenue growth year-on-year		-0.48%	1.35%	5.57%	9.50%	12.04%	N/A	N/A	N/A	N/A
Net Income growth year-on-year		4.06%	-0.96%	5.96%	16.68%	9.00%	N/A	N/A	N/A	N/A

Price/Revenue (TTM)		1.83	0	1.6	1.37	1.5	2.14	2.58	2.27	2.4
Price/Earnings (TTM)		6.58	0	6.03	4.69	5.4	8.03	9.74	8.27	8.41

TDW: Income Statement-2009Q3

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