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, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity investments and advances as of December 31, 2017 and 2016 were as follows (in thousands):



	Ownership	2017		2016
Dart	50%	$	26,128	$	24,782
Era Training Center	50%	3,928		4,484
		$	30,056	$	29,266

Summarized financial information for the Company’s equity investments and advances in Dart as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015 was as follows (in thousands):



	2017		2016
Current assets	$	29,336	$	28,442
Non-current assets	29,899		29,475
Current liabilities	6,671		6,737
Non-current liabilities	6,096		8,315



	2017		2016		2015
Operating revenues	$	42,891	$	40,930	$	33,190
Costs and expenses:
Operating and administrative	35,983		32,878		32,869
Depreciation and amortization	1,603		3,161		4,224
Total costs and expenses	37,586		36,039		37,093
Operating income	$	5,305	$	4,891	$	(3,903	)
Net income	$	3,603	$	2,657	$	(3,150	)

Summarized financial information for the Company’s equity investments and advances in all other investees as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015 was as follows (in thousands):



	2017		2016
Current assets	$	257	$	535
Non-current assets	4,138		4,641
Current liabilities	654		653
Non-current liabilities	3,298		3,652



	2017			2016			2015
Operating revenues	$	581		$	694		$	622
Costs and expenses:
Operating and administrative	367			338			685
Depreciation and amortization	503			519			740
Total costs and expenses	870			857			1,425
Operating income	$	(289	)	$	(163	)	$	(803	)
Net income (loss)	$	(527	)	$	(409	)	$	(1,064	)