Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 365,122 $ 338,090 $ 1,061,965 $ 959,495
Costs and expenses:        
General and administrative expenses 42,898 46,256 131,178 137,602
Merger and integration costs 0 738 0 1,854
Depreciation and amortization expense 17,569 17,862 51,586 53,599
Total costs and expenses 331,986 313,374 962,971 925,627
Gains (losses) on disposal of assets (626) 1,179 (963) 1,271
Earnings from unconsolidated affiliates 703 3,722 2,773 6,038
Operating income 33,213 29,617 100,804 41,177
Interest income 2,526 2,532 6,652 5,188
Interest expense, net (9,660) (10,008) (28,517) (30,143)
Reorganization items, net 0 (3) 0 (86)
Other, net 10,592 4,844 4,308 (11,619)
Total other income (expense), net 3,458 (2,635) (17,557) (36,660)
Income before income taxes 36,671 26,982 83,247 4,517
Income tax expense (8,392) (22,637) (20,145) (3,334)
Net income 28,279 4,345 63,102 1,183
Net income attributable to noncontrolling interests (37) (28) (98) (25)
Net income attributable to Bristow Group Inc. $ 28,242 $ 4,317 $ 63,004 $ 1,158
Earnings per common share:        
Basic (in dollars per share) $ 0.99 $ 0.15 $ 2.21 $ 0.04
Diluted (in dollars per share) $ 0.95 $ 0.15 $ 2.14 $ 0.04
Weighted average shares of common stock outstanding:        
Basic (in shares) 28,620 28,217 28,477 28,088
Diluted (in shares) 29,719 28,959 29,475 28,742
Total operating revenues        
Revenues:        
Total revenues $ 356,426 $ 330,252 $ 1,038,276 $ 934,705
Costs and expenses:        
Operating expenses 262,692 240,682 756,477 708,065
Reimbursable revenues        
Revenues:        
Total revenues 8,696 7,838 23,689 24,790
Costs and expenses:        
Operating expenses $ 8,827 $ 7,836 $ 23,730 $ 24,507