Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 178,561 $ 180,265
Restricted cash 3,274 3,397
Accounts receivable, net of allowance of $172 and $77, respectively 239,284 234,620
Inventories 103,092 99,863
Prepaid expenses and other current assets 46,366 45,438
Total current assets 570,577 563,583
Property and equipment, net of accumulated depreciation of $254,451 and $232,107, respectively 984,211 927,766
Investment in unconsolidated affiliates 20,501 19,890
Right-of-use assets 264,319 287,939
Other assets 137,647 138,100
Total assets 1,977,255 1,937,278
Current liabilities:    
Accounts payable 83,628 87,885
Accrued wages, benefits and related taxes 45,535 52,685
Income taxes payable and other accrued taxes 13,953 8,176
Deferred revenues 20,054 20,334
Accrued maintenance and repairs 26,756 24,545
Current portion of operating lease liabilities 74,093 75,288
Accrued interest and other accrued liabilities 26,208 27,629
Current maturities of long-term debt 15,886 13,247
Total current liabilities 306,113 309,789
Long-term debt, less current maturities 578,321 534,823
Other liabilities and deferred credits 15,683 11,820
Deferred taxes 36,923 42,710
Long-term operating lease liabilities 191,546 214,957
Total liabilities 1,128,586 1,114,099
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,617 and 28,310 outstanding, respectively 315 311
Additional paid-in capital 733,340 725,773
Retained earnings 252,730 217,968
Treasury stock, at cost; 2,688 and 2,566 shares, respectively (69,648) (65,722)
Accumulated other comprehensive loss (67,621) (54,643)
Total Bristow Group Inc. stockholders’ equity 849,116 823,687
Noncontrolling interests (447) (508)
Total stockholders’ equity 848,669 823,179
Total liabilities and stockholders’ equity $ 1,977,255 $ 1,937,278