Current report filing

CONSOLIDATED BALANCE SHEETS

v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 196,662 $ 178,055
Restricted cash 2,459 0
Accounts receivables from non-affiliates 166,038 203,631
Accounts receivable from affiliates 14,645 13,160
Inventories 82,419 121,308
Assets held for sale 32,401 5,350
Prepaid expenses and other current assets 29,527 44,009
Total current assets 524,151 565,513
Investment in unconsolidated affiliates 110,058 118,203
Property and equipment - at cost:    
Land and buildings 160,069 244,273
Aircraft and equipment 741,245 2,497,622
Total property and equipment, at cost 901,314 2,741,895
Less - Accumulated depreciation and amortization (24,560) (907,715)
Total property and equipment, net 876,754 1,834,180
Right-of-use asset 305,962 0
Goodwill 0 18,436
Other assets 128,336 116,267
Total assets 1,945,261 2,652,599
Current liabilities:    
Accounts payable 52,110 99,573
Accrued wages, benefits and related taxes 42,852 48,151
Income taxes payable 1,743 3,646
Other accrued taxes 4,583 6,729
Deferred revenue 12,053 11,932
Accrued maintenance and repairs 31,072 24,337
Accrued interest 832 17,174
Current portion of operating lease liabilities 81,484 0
Other accrued liabilities 25,510 38,679
Short-term borrowings and current maturities of long-term debt 45,739 1,418,630
Total current liabilities 297,978 1,668,851
Long-term debt, less current maturities 515,385 8,223
Accrued pension liabilities 17,855 25,726
Preferred stock embedded derivative 286,182 0
Other liabilities and deferred credits 4,490 26,229
Deferred taxes 22,775 111,203
Long-term operating lease liabilities 224,595 0
Commitments and contingencies (Note 11)
Mezzanine equity preferred stock: $.0001 par value, 6,824,582 issued and outstanding as of March 31, 2020 149,785 0
Stockholders' investment:    
Common stock 1 386
Additional paid-in capital 295,897 862,020
Retained earnings 139,228 455,598
Accumulated other comprehensive loss (8,641) (327,989)
Treasury shares, at cost (2,756,419 shares)   (184,796)
Total Bristow Group stockholders' investment 426,485 805,219
Noncontrolling interests (269) 7,148
Total stockholders' investment 426,216 812,367
Total liabilities, mezzanine equity and stockholders' investment $ 1,945,261 $ 2,652,599