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

CONSOLIDATED BALANCE SHEETS

v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 247,503 $ 180,265
Restricted cash 3,778 3,397
Accounts receivable, net 211,590 234,620
Inventories 114,509 99,863
Prepaid expenses and other current assets 42,078 45,438
Total current assets 619,458 563,583
Property and equipment, net 1,076,221 927,766
Investment in unconsolidated affiliates 22,424 19,890
Right-of-use assets 264,270 287,939
Other assets 142,873 138,100
Total assets 2,125,246 1,937,278
Current liabilities:    
Accounts payable 83,462 87,885
Accrued wages, benefits and related taxes 54,406 52,685
Income taxes payable and other accrued taxes 16,229 8,176
Deferred revenue 15,186 20,334
Accrued maintenance and repairs 30,698 24,545
Current portion of operating lease liabilities 78,359 75,288
Accrued interest and other accrued liabilities 28,946 27,629
Current maturities of long-term debt 18,614 13,247
Total current liabilities 325,900 309,789
Long-term debt, less current maturities 671,169 534,823
Other liabilities and deferred credits 8,937 11,820
Deferred taxes 39,019 42,710
Long-term operating lease liabilities 188,949 214,957
Total liabilities 1,233,974 1,114,099
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,628 and 28,310 outstanding as of December 31, 2024 and 2023, respectively 315 311
Additional paid-in capital 742,072 725,773
Retained earnings 312,765 217,968
Treasury stock, at cost; 2,692 and 2,566 shares as of December 31, 2024 and 2023, respectively (69,776) (65,722)
Accumulated other comprehensive loss (93,669) (54,643)
Total Bristow Group Inc. stockholders’ equity 891,707 823,687
Noncontrolling interests (435) (508)
Total stockholders’ equity 891,272 823,179
Total liabilities and stockholders’ equity $ 2,125,246 $ 1,937,278