Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Dec. 31, 2011
Current Assets:        
Cash and cash equivalents $ 27,345 $ 11,505 $ 9,121 $ 79,122
Receivables:        
Trade, net of allowance for doubtful accounts of $3,010 and $2,668 in 2013 and 2012, respectively 40,362 48,527    
Other 14,890 4,713    
Inventories, net 26,223 26,650    
Deferred income taxes 3,642 3,642    
Prepaid expenses and other 2,854 1,803    
Escrow deposits 16,010 0    
Total current assets 131,326 96,840    
Property and Equipment 1,012,661 1,030,276    
Accumulated depreciation (251,613) (242,471)    
Net property and equipment 761,048 787,805    
Investments, at Equity, and Advances to 50% or Less Owned Companies 35,529 34,696    
Goodwill 352 352    
Other Assets 17,300 17,871    
Total assets 945,555 937,564    
Current Liabilities:        
Accounts payable and accrued expenses 15,796 15,703    
Accrued wages and benefits 6,976 4,576    
Accrued interest 770 1,401    
Current portion of long-term debt 2,787 2,787    
Other current liabilities 5,253 5,232    
Total current liabilities 31,582 29,699    
Long-Term Debt 275,667 276,948    
Deferred Income Taxes 204,487 203,536    
Deferred Gains and Other Liabilities 5,947 7,864    
Total liabilities 517,683 518,047    
Series A Preferred Stock, at redemption value; $0.01 par value, 10,000,000 shares authorized; none issued and outstanding in 2013; 1,400,000 shares issued and outstanding in 2012 0 144,232    
Era Group Inc. stockholders’ equity:        
Additional paid-in capital 420,056 278,838    
Retained earnings (accumulated deficit) 7,724 (4,025)    
Treasury shares, at cost (2,500 and nil in 2013 and 2012, respectively) 63 0    
Accumulated other comprehensive income (loss), net of tax (44) 20    
Stockholders' equity attributable to parent, total 427,875 275,078    
Noncontrolling interest in subsidiary (3) 207    
Total equity 427,872 275,285    
Total Liabilities and Stockholders’ Equity 945,555 937,564    
Common Stock [Member]
        
Era Group Inc. stockholders’ equity:        
Common stock 202 0    
Class B Common Stock [Member]
        
Era Group Inc. stockholders’ equity:        
Common stock $ 0 $ 245