Bristow Group Inc. Current report filing

Current report filing

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)

12 Months Ended

Mar. 31, 2020

Total revenue related to third party customers is as follows (in thousands):

	Successor		Predecessor
	Five Months Ended March 31, 2020		Seven Months Ended October 31, 2019
					Fiscal Year Ended March 31,
					2019
Revenue:
Operating revenue from non-affiliates	$	443,716	$	691,360	$	1,239,117
Operating revenue from affiliates		8,413		12,015		23,099
Reimbursable revenue from non-affiliates		18,038		34,304		61,755
Revenue from Contracts with Customers		470,167		737,679		1,323,971
Other revenue from non-affiliates		686		945		20,412
Other revenue from affiliates		14,910		18,599		25,279
Total Revenue	$	485,763	$	757,223	$	1,369,662

Revenue of Remaining Performance Obligations

Remaining performance obligations represent firm contracts for which work has not been performed and future revenue recognition is expected. The table below discloses (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period and (2) the expected timing to recognize this revenue (in thousands):

	Remaining Performance Obligations (Successor)
	Fiscal Year Ending March 31,
	2021		2022		2023		2024		2025 and thereafter		Total
Outstanding Service Revenue:
Outstanding Service Revenue:
Helicopter contracts	$	365,809	$	186,528	$	177,716	$	133,455	$	136,239	$	999,747
Fixed-wing contracts		1,080		—		—		—		—		1,080
Total remaining performance obligation revenue	$	366,889	$	186,528	$	177,716	$	133,455	$	136,239	$	1,000,827