Bristow Group Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES AND EQUITY INVESTMENTS AND ADVANCES (Tables)

VARIABLE INTEREST ENTITIES AND EQUITY INVESTMENTS AND ADVANCES (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Equity investments and advances as of December 31, 2016 and 2015 were as follows (in thousands):



	Ownership	2016		2015
Dart	50%	$	24,782	$	23,892
Era Training Center	50%	4,484		4,996
Heli-Union Era Australia	47%	—		10
		$	29,266	$	28,898

Summarized financial information for the Company’s equity investments and advances in Dart as of December 31, 2016 and 2015 and for the years ended December 31, 2016, 2015 and 2014 was as follows (in thousands):



	2016		2015
Current assets	$	28,442	$	22,567
Non-current assets	29,475		30,716
Current liabilities	6,737		4,225
Non-current liabilities	8,315		8,850



	2016		2015			2014
Operating revenues	$	40,930	$	33,190		$	40,174
Costs and expenses:
Operating and administrative	32,878		32,869			31,755
Depreciation and amortization	3,161		4,224			4,129
Total costs and expenses	36,039		37,093			35,884
Operating income	$	4,891	$	(3,903	)	$	4,290
Net income	$	2,657	$	(3,150	)	$	2,172

Summarized financial information for the Company’s equity investments and advances in all other investees as of December 31, 2016 and 2015 and for the years ended December 31, 2016, 2015 and 2014 was as follows (in thousands):



	2016		2015
Current assets	$	535	$	703
Non-current assets	4,641		5,159
Current liabilities	653		597
Non-current liabilities	3,652		3,984



	2016			2015			2014
Operating revenues	$	694		$	622		$	2,737
Costs and expenses:
Operating and administrative	338			685			750
Depreciation and amortization	519			740			2,370
Total costs and expenses	857			1,425			3,120
Operating income	$	(163	)	$	(803	)	$	(383	)
Net income (loss)	$	(409	)	$	(1,064	)	$	(749	)