Annual report [Section 13 and 15(d), not S-K Item 405]

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, 2024
Dec. 31, 2023
Total revenues      
Total revenues $ 922,569 $ 1,415,491 $ 1,297,429
Costs and expenses:      
Personnel 220,172 340,560 323,681
Repairs and maintenance 199,754 273,284 253,916
Insurance 13,308 24,907 23,785
Fuel 85,902 86,946 91,499
Leased-in equipment 71,923 103,540 99,096
Other 123,811 212,881 198,426
Total operating expenses 714,870 1,042,118 990,403
General and administrative expenses 123,041 175,550 181,745
Merger and integration costs 994 0 2,201
Depreciation and amortization expense 49,587 68,287 70,606
Total costs and expenses 888,492 1,285,955 1,244,955
Loss on impairment (5,187) 0 0
Gains (losses) on disposal of assets (480) (1,045) 1,112
Earnings from unconsolidated affiliates 1,461 4,117 7,165
Operating income 29,871 132,608 60,751
Interest income 1,651 8,901 8,646
Interest expense, net (30,707) (37,581) (41,417)
Other, net 20,264 (1,865) (9,968)
Total other income (expense), net (8,792) (30,545) (42,739)
Income before income taxes 21,079 102,063 18,012
Income tax expense (7,494) (7,193) (24,932)
Net income (loss) 13,585 94,870 (6,920)
Net loss (income) attributable to noncontrolling interests (57) (73) 140
Net income (loss) attributable to Bristow Group Inc. $ 13,528 $ 94,797 $ (6,780)
Earnings (losses) per common share:      
Basic (in dollars per share) $ 0.48 $ 3.32 $ (0.24)
Diluted (in dollars per share) $ 0.47 $ 3.21 $ (0.24)
Weighted average shares of common stock outstanding:      
Basic (in shares) 28,066 28,515 28,139
Diluted (in shares) 28,574 29,552 28,139