CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
1 Months Ended | 2 Months Ended | 3 Months Ended | 7 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|---|---|---|
Oct. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2020 |
Oct. 31, 2019 |
Dec. 31, 2020 |
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| Revenue: | |||||||
| Revenues | $ 105,827 | $ 200,924 | $ 309,897 | $ 757,223 | $ 884,730 | ||
| Costs and expenses: | |||||||
| Prepetition restructuring charges | 0 | 13,476 | 0 | ||||
| General and administrative expense | 15,965 | 25,358 | 37,931 | 88,555 | 112,722 | ||
| Merger-related costs | 0 | 318 | 4,450 | 0 | 26,367 | ||
| Depreciation and amortization expense | 8,222 | 11,926 | 17,931 | 70,864 | 52,824 | ||
| Total costs and expenses | 108,038 | 204,154 | 298,083 | 780,134 | 869,640 | ||
| Loss on impairment | 0 | 0 | (53,249) | (62,101) | (90,078) | ||
| Gain (loss) on disposal of assets | 249 | (154) | 1,951 | (3,768) | (1,000) | ||
| Earnings from unconsolidated affiliates, net of losses | 3,609 | 1,499 | 896 | 6,589 | 866 | ||
| Operating income (loss) | 1,647 | (1,885) | (38,588) | (82,191) | (75,122) | ||
| Interest income | 165 | 202 | 359 | 822 | 1,055 | ||
| Interest expense | (79,235) | (9,674) | (13,203) | (128,658) | (39,152) | ||
| Reorganization items, net | (447,674) | 0 | 1,984 | (617,973) | 1,984 | ||
| Gain (loss) on sale of subsidiaries | 0 | (55,883) | 0 | ||||
| Change in fair value of preferred stock derivative liability | 0 | (133,315) | 0 | 0 | 15,416 | ||
| Gain on bargain purchase | 0 | 0 | 81,093 | ||||
| Other, net | 7,009 | 3,729 | 5,635 | (3,501) | 19,613 | ||
| Total other income (expense) | (519,735) | (139,058) | (5,225) | (805,193) | 80,009 | ||
| Loss before income taxes | (518,088) | (140,943) | (43,813) | (887,384) | 4,887 | ||
| Benefit (provision) for income taxes | 13,889 | (11,600) | (13,447) | 51,178 | (18,736) | ||
| Net income (loss) | (504,199) | (152,543) | (57,260) | (836,206) | (13,849) | ||
| Net (income) loss attributable to noncontrolling interests | 5 | 31 | 139 | (208) | 343 | ||
| Net income (loss) attributable to Bristow Group Inc. | $ (504,194) | $ (152,512) | $ (57,121) | $ (836,414) | $ (13,506) | ||
| Income (loss) per common share: | |||||||
| Basic (in dollars per share) | [1] | $ (14.04) | $ (14.49) | $ (1.97) | $ (23.29) | $ 5.15 | |
| Diluted (in dollars per share) | [1] | $ (14.04) | $ (14.49) | $ (1.97) | $ (23.29) | $ 3.58 | |
| Weighted average common shares outstanding: | |||||||
| Basic (in shares) | [1] | 35,918,916 | 11,235,535 | 28,944,908 | 35,918,916 | 23,178,914 | |
| Diluted (in shares) | [1] | 35,918,916 | 11,235,535 | 28,944,908 | 35,918,916 | 32,375,532 | |
| Operating | |||||||
| Revenue: | |||||||
| Revenues | $ 101,659 | $ 193,322 | $ 300,275 | $ 722,919 | $ 857,505 | ||
| Costs and expenses: | |||||||
| Operating expenses | 79,802 | 158,845 | 228,246 | 574,216 | 650,635 | ||
| Reimbursable | |||||||
| Revenue: | |||||||
| Revenues | 4,168 | 7,602 | 9,622 | 34,304 | 27,225 | ||
| Costs and expenses: | |||||||
| Operating expenses | $ 4,049 | $ 7,707 | $ 9,525 | $ 33,023 | $ 27,092 | ||
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Total amount of reorganization items. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Includes earnings accounted for under the equity method and dividends accounted for under the cost method from unconsolidated affiliates. No definition available.
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- Definition The net result for the period of deducting operating expense from operating revenue and then adding (deducting) gain (loss) on disposal of assets and earnings (losses) from unconsolidated affiliates. No definition available.
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- Details
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