| Schedule of revenue by segment |
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):
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Three Months Ended December 31, |
|
Nine Months Ended December 31, |
| |
2021 |
|
2020 |
|
2021 |
|
2020 |
| Region revenue from external customers: |
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|
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| Europe |
$ |
158,447 |
|
|
$ |
159,415 |
|
|
$ |
499,860 |
|
|
$ |
491,328 |
|
| Americas |
102,667 |
|
|
100,152 |
|
|
284,432 |
|
|
254,627 |
|
| Asia Pacific |
16,768 |
|
|
21,350 |
|
|
58,949 |
|
|
54,720 |
|
| Africa |
17,300 |
|
|
25,325 |
|
|
53,174 |
|
|
80,103 |
|
| Corporate and other |
437 |
|
|
3,655 |
|
|
1,389 |
|
|
3,952 |
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Total region revenue (1)
|
$ |
295,619 |
|
|
$ |
309,897 |
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|
$ |
897,804 |
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|
$ |
884,730 |
|
_________________________________________________
(1) The above table represents disaggregated revenue from contracts with customers except for the following (in thousands):
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Three Months Ended December 31, |
|
Nine Months Ended December 31, |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
| Revenues not from contracts with customers: |
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| Europe |
$ |
587 |
|
|
$ |
118 |
|
|
$ |
2,126 |
|
|
$ |
808 |
|
Americas(1)
|
7,425 |
|
|
5,839 |
|
|
19,331 |
|
|
23,865 |
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| Asia Pacific |
142 |
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|
21 |
|
|
316 |
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|
178 |
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|
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| Corporate and other |
— |
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|
83 |
|
|
— |
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|
2,390 |
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| Total region revenue |
$ |
8,154 |
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|
$ |
6,061 |
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$ |
21,773 |
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$ |
27,241 |
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_________________________________________________
(1) Includes revenues of approximately $0.1 million and $2.4 million from our unconsolidated affiliate in Canada, Cougar Helicopters Inc. (“Cougar”), previously included in Corporate and other for the three and nine months ended December 31, 2020, respectively.
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| Operating Performance and Total Assets by Segment |
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Three Months Ended December 31, |
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Nine Months Ended December 31, |
| |
2021 |
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2020 |
|
2021 |
|
2020 |
| Earnings (losses) from unconsolidated affiliates, net – equity method investments: |
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| Americas |
$ |
(860) |
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|
$ |
896 |
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|
$ |
(1,413) |
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|
$ |
866 |
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|
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| Total earnings (losses) from unconsolidated affiliates, net – equity method investments |
$ |
(860) |
|
|
$ |
896 |
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|
$ |
(1,413) |
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|
$ |
866 |
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| Consolidated operating income (loss): |
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| Europe |
$ |
11,109 |
|
|
$ |
11,916 |
|
|
$ |
47,625 |
|
|
$ |
58,842 |
|
| Americas |
19,829 |
|
|
(29,235) |
|
|
53,784 |
|
|
(26,049) |
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| Asia Pacific |
(4,093) |
|
|
717 |
|
|
(5,851) |
|
|
3,724 |
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| Africa |
(4,435) |
|
|
(1,407) |
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|
(19,407) |
|
|
(10,348) |
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| Corporate and other |
(18,327) |
|
|
(22,530) |
|
|
(72,486) |
|
|
(100,291) |
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| Gain on disposal of assets |
727 |
|
|
1,951 |
|
|
1,388 |
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|
(1,000) |
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| Total consolidated operating income (loss) |
$ |
4,810 |
|
|
$ |
(38,588) |
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|
$ |
5,053 |
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|
$ |
(75,122) |
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| Depreciation and amortization: |
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| Europe |
$ |
8,182 |
|
|
$ |
7,904 |
|
|
$ |
26,351 |
|
|
$ |
24,196 |
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| Americas |
3,726 |
|
|
4,788 |
|
|
13,226 |
|
|
12,841 |
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| Asia Pacific |
1,719 |
|
|
1,948 |
|
|
5,548 |
|
|
6,002 |
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| Africa |
1,290 |
|
|
1,214 |
|
|
5,266 |
|
|
3,815 |
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| Corporate and other |
2,306 |
|
|
2,077 |
|
|
7,671 |
|
|
5,970 |
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| Total depreciation and amortization |
$ |
17,223 |
|
|
$ |
17,931 |
|
|
$ |
58,062 |
|
|
$ |
52,824 |
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|
December 31, 2021 |
|
March 31, 2021 |
|
| Identifiable assets: |
|
|
|
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| Europe |
$ |
988,579 |
|
|
$ |
1,026,042 |
|
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| Americas |
548,015 |
|
|
579,169 |
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| Asia Pacific |
52,846 |
|
|
102,169 |
|
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| Africa |
132,614 |
|
|
179,445 |
|
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| Corporate and other |
142,735 |
|
|
105,445 |
|
|
Total identifiable assets |
$ |
1,864,789 |
|
|
$ |
1,992,270 |
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| Investments in unconsolidated affiliates – equity method: |
|
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|
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| Europe |
$ |
25 |
|
|
$ |
679 |
|
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| Americas |
1,571 |
|
|
3,851 |
|
|
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|
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| Total investments in unconsolidated affiliates – equity method |
$ |
1,596 |
|
|
$ |
4,530 |
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