Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 9 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Mar. 31, 2022
Revenues:      
Total revenues from related parties $ 922,569 $ 1,297,429 $ 1,185,204
Costs and expenses:      
General and administrative expenses 123,041 181,745 159,062
Merger and integration costs 994 2,201 3,240
Restructuring costs 0 0 3,098
Depreciation and amortization expense 49,587 70,606 74,981
Total costs and expenses 888,492 1,244,955 1,158,795
Loss on impairment (5,187) 0 (24,835)
Gains (losses) on disposal of assets (480) 1,112 1,347
Earnings (losses) from unconsolidated affiliates 1,461 7,165 (1,738)
Operating income 29,871 60,751 1,183
Interest income 1,651 8,646 161
Interest expense, net (30,707) (41,417) (41,521)
Loss on extinguishment of debt 0 0 (124)
Reorganization items, net (99) (86) (621)
Loss on sale of subsidiaries 0 0 (2,002)
Other, net 20,363 (9,882) 38,505
Total other income (expense), net (8,792) (42,739) (5,602)
Income (loss) before income taxes 21,079 18,012 (4,419)
Income tax expense (7,494) (24,932) (11,294)
Net income (loss) 13,585 (6,920) (15,713)
Net (income) loss attributable to noncontrolling interests (57) 140 (78)
Net income (loss) attributable to Bristow Group Inc. $ 13,528 $ (6,780) $ (15,791)
Earnings (losses) per common share:      
Basic (in dollars per share) $ 0.48 $ (0.24) $ (0.55)
Diluted (in dollars per share) $ 0.47 $ (0.24) $ (0.55)
Weighted average shares of common stock outstanding:      
Basic (in shares) 28,066 28,139 28,533
Diluted (in shares) 28,574 28,139 28,533
Operating revenues      
Revenues:      
Total revenues from related parties $ 897,880 $ 1,264,298 $ 1,139,063
Costs and expenses:      
Operating expenses 690,691 957,593 872,857
Reimbursable revenues      
Revenues:      
Total revenues from related parties 24,689 33,131 46,141
Costs and expenses:      
Operating expenses $ 24,179 $ 32,810 $ 45,557