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

Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

REVENUES (Tables)

12 Months Ended

Mar. 31, 2022

Total revenues for the periods reflected in the table below were as follows (in thousands):


	Fiscal Year Ended March 31, 2022		Fiscal Year Ended March 31, 2021		Five Months Ended March 31, 2020		Seven Months Ended October 31, 2019
	Successor						Predecessor
Revenues from contracts with customers	$	1,151,035	$	1,139,638	$	470,167	$	737,679
Total other revenues	34,169		38,424		15,596		19,544
Total revenues	$	1,185,204	$	1,178,062	$	485,763	$	757,223

Revenues by Service Line. Operating revenues earned by service line for the periods reflected in the table below were as follows (in thousands):


	Fiscal Year Ended March 31, 2022		Fiscal Year Ended March 31, 2021		Five Months Ended March 31, 2020		Seven Months Ended October 31, 2019
	Successor						Predecessor
Oil and gas services	$	767,720	$	788,024	$	336,073	$	500,872
Government services(1)	272,859		252,131		91,019		129,376
Fixed wing services	85,372		73,751		35,579		70,755
Other services(2)	13,112		25,118		5,054		21,916
Total operating revenues	$	1,139,063	$	1,139,024	$	467,725	$	722,919

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(1)Includes revenues of approximately $26.8 million, $0.4 million and $0.9 million related to government services that were previously included in the oil and gas and other service lines for the fiscal year ended March 31, 2021, five months ended March 31, 2020 and seven months ended October 31, 2019 (Predecessor), respectively.

(2)Includes Asia Pacific and certain Europe revenues of approximately $12.7 million, $4.7 million, $21.5 million that were previously included in the oil and gas service line for the fiscal year ended March 31, 2021, five months ended March 31, 2020 and seven months ended October 31, 2019 (Predecessor), respectively.

Revenues from related parties for the periods reflected in the table below were as follows (in thousands):


	Fiscal Year Ended March 31, 2022		Fiscal Year Ended March 31, 2021		Five Months Ended March 31, 2020		Seven Months Ended October 31, 2019
	Successor						Predecessor
Revenues from contracts with related parties	$	8,303	$	12,108	$	8,413	$	12,015
Other revenues from related parties	22,565		30,339		14,910		18,599
Total revenues from related parties	$	30,868	$	42,447	$	23,323	$	30,614

Schedule of Remaining Performance Obligations

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 these revenues (in thousands):


	Remaining Performance Obligations
			Fiscal Year Ending March 31,								Total
	2023		2024		2025		2026		2027 and thereafter
Helicopter contracts	$	410,036	$	238,396	$	183,032	$	109,369	$	128,029	$	1,068,862
Fixed wing contracts	589		—		—		—		—		589
Total remaining performance obligation revenues	$	410,625	$	238,396	$	183,032	$	109,369	$	128,029	$	1,069,451