See accompanying Notes to Consolidated Financial Statements.  F-5 March 31, 2010 and 2009  (In thousands, except share and par value data)  ASSETS  2010 2009 Current assets:  Cash and cash equivalents  $  223,070  250,793  Trade and other receivables, less allowance for doubtful accounts  of $38,632 in 2010 and $5,773 in 2009  311,617  328,566  Marine operating supplies  44,237  48,727  Other current assets 6,703 6,365 Total current assets 585,627 634,451 Investments in, at equity, and advances to unconsolidated companies  40,614  37,221  Properties and equipment:  Vessels and related equipment  3,455,322  3,238,674  Other properties and equipment  82,007  81,689  3,537,329 3,320,363 Less accumulated depreciation and amortization  1,283,505  1,307,038  Net properties and equipment  2,253,824  2,013,325  Goodwill 328,754 328,754 Other assets  84,538  60,053  Total assets $ 3,293,357 3,073,804 Current liabilities:  Current maturities on long-term debt  25,000  ---  Accounts payable 41,673 51,530 Accrued expenses 119,485 111,153 Accrued property and liability losses  4,809  5,521  Other current liabilities 13,745 35,146 Total current liabilities 204,712 203,350 Long-term debt  275,000  300,000  Deferred income taxes  211,504  201,200  Accrued property and liability losses  12,809  8,035  Other liabilities and deferred credits  125,302  116,541  Commitments and Contingencies (Note 10)  Stockholders’ equity:  Common stock of $0.10 par value, 125,000,000 shares  authorized, issued 51,830,048 shares at March 31, 2010  and 51,696,245 shares at March 31, 2009  5,183  5,169  Additional paid-in capital 88,173 79,333 Retained earnings 2,402,575 2,194,842 Deferred compensation – restricted stock  (14,970)  (14,953)  Accumulated other comprehensive loss  (16,931)  (19,713)  Total stockholders’ equity  2,464,030  2,244,678  Total liabilities and stockholders' equity  $  3,293,357  3,073,804  TIDEWATER INC.  CONSOLIDATED BALANCE SHEETS LIABILITIES AND STOCKHOLDERS' EQUITY 