Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.21.2
SEGMENT INFORMATION
 3 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company conducts business in one segment: aviation services. The aviation services operations include four regions as follows: Europe, Africa, the Americas and Asia Pacific. The Europe region comprises all of the Company’s operations and affiliates in Europe, including Norway and the U.K. The Africa region comprises all of the Company’s operations and affiliates on the African continent, including Nigeria. The Americas region comprises all of the Company’s operations and affiliates in North America and South America, including Brazil, Canada, Guyana, Suriname, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all of the Company’s operations and affiliates in Australia and Southeast Asia.
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s condensed consolidated financial statements (in thousands):
Three Months Ended June 30,
  2021 2020
Region revenue from external customers:
Europe $ 174,314  $ 166,993 
Africa 17,273  31,722 
Americas 86,338  59,114 
Asia Pacific 22,081  12,258 
Corporate and other 596  106 
Total region revenue (1)
$ 300,602  $ 270,193 
_________________________________________________ 
(1) The above table represents disaggregated revenue from contracts with customers except for the following (in thousands):
Three Months Ended June 30,
2021 2020
Revenues not from contracts with customers:
Europe $ 377  $ 342 
Americas(1)
7,539  10,372 
Asia Pacific 88  74 
Corporate and other —  — 
Total region revenue $ 8,004  $ 10,788 
_________________________________________________ 
(1) Includes revenues of approximately $1.4 million from our unconsolidated affiliate in Canada, Cougar Helicopters Inc. (“Cougar”), previously included in Corporate and other for the three months ended June 30, 2020.
Three Months Ended June 30,
  2021 2020
Earnings (losses) from unconsolidated affiliates, net – equity method investments:
Americas (1,517) (1,978)
Total losses from unconsolidated affiliates, net – equity method investments $ (1,517) $ (1,978)
Consolidated operating income (loss):
Europe $ 23,032  $ 27,312 
Africa (11,479) 4,849 
Americas 12,232  (13,002)
Asia Pacific (218) (1,528)
Corporate and other (36,297) (37,032)
Gain on disposal of assets 499  5,522 
Total consolidated operating loss $ (12,231) $ (13,879)
Depreciation and amortization:
Europe $ 9,944  $ 8,212 
Africa 2,676  1,317 
Americas 5,752  2,955 
Asia Pacific 1,948  2,006 
Corporate and other 2,875  1,866 
Total depreciation and amortization $ 23,195  $ 16,356 

June 30, 2021 March 31, 2021
Identifiable assets:
Europe $ 1,032,669  $ 1,026,042 
Africa 145,279  179,445 
Americas 535,288  579,169 
Asia Pacific 72,304  102,169 
Corporate and other 128,113  105,445 
Total identifiable assets
 $ 1,913,653  $ 1,992,270 
Investments in unconsolidated affiliates – equity method:
Europe $ 680  $ 679 
Americas 1,736  3,851 
Total investments in unconsolidated affiliates – equity method $ 2,416  $ 4,530