Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 200,349 $ 180,265
Restricted cash 8,232 3,397
Accounts receivable, net of allowance of $48 and $77, respectively 233,563 234,620
Inventories 111,380 99,863
Prepaid expenses and other current assets 40,843 45,438
Total current assets 594,367 563,583
Property and equipment, net of accumulated depreciation of $272,092 and $232,107, respectively 1,048,517 927,766
Investment in unconsolidated affiliates 20,830 19,890
Right-of-use assets 279,319 287,939
Other assets 145,276 138,100
Total assets 2,088,309 1,937,278
Current liabilities:    
Accounts payable 92,883 87,885
Accrued wages, benefits and related taxes 48,951 52,685
Income taxes payable and other accrued taxes 22,503 8,176
Deferred revenues 19,976 20,334
Accrued maintenance and repairs 23,160 24,545
Current portion of operating lease liabilities 78,134 75,288
Accrued interest and other accrued liabilities 21,713 27,629
Current maturities of long-term debt 16,860 13,247
Total current liabilities 324,180 309,789
Long-term debt, less current maturities 612,206 534,823
Other liabilities and deferred credits 14,800 11,820
Deferred taxes 38,012 42,710
Long-term operating lease liabilities 200,351 214,957
Total liabilities 1,189,549 1,114,099
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,628 and 28,310 outstanding, respectively 315 311
Additional paid-in capital 737,541 725,773
Retained earnings 280,972 217,968
Treasury stock, at cost; 2,692 and 2,566 shares, respectively (69,776) (65,722)
Accumulated other comprehensive loss (49,882) (54,643)
Total Bristow Group Inc. stockholders’ equity 899,170 823,687
Noncontrolling interests (410) (508)
Total stockholders’ equity 898,760 823,179
Total liabilities and stockholders’ equity $ 2,088,309 $ 1,937,278