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(14) QUARTERLY FINANCIAL DATA (UNAUDITED) 

## TIDEWATER INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Years ended March 31, 2010, 2009, and 2008 

Selected financial information for interim periods for the years ended March 31, 2010 and 2009 are as follows: 

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(A) Operating income consists of revenues less operating costs and expenses, depreciation, general and administrative expenses and gain on asset dispositions, net, of the company’s operations. Gains on asset dispositions, net, by quarter for fiscal 2010 and 2009 are as follows: 

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(B) Included in fiscal 2010 operating income is a $43.7 million provision for the company’s Venezuelan operations. The provision for Venezuelan operations by quarter for fiscal 2010 is as follows: 

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(C) Included in fiscal 2010 net earnings is (1) a reversal of $36.1 million, or $0.70 per common share, of uncertain tax positions related to the resolution of a tax dispute with the U.S. IRS, (2) a $11.4 million, or $0.22 per common share, proposed settlement with the SEC related to the internal investigation, and (3) an $11.0 million, or $0.21 per common share, foreign exchange gain resulting for the devaluation of the Venezuelan bolivar fuerte relative to the U.S. dollar. The above matters by quarter for fiscal 2010 are as follows: 

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