Bristow Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details)

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 113,518	$ 117,366
Receivables:
Trade, operating, net of allowance for doubtful accounts	34,102	32,730
Trade, dry-leasing	5,754	5,234
Tax receivables	2,159	2,860
Other	15,006	15,421
Inventories, net	19,941	20,066
Prepaid expenses	3,412	2,184
Total current assets	193,892	195,861
Property and equipment	893,585	895,063
Accumulated depreciation	(345,457)	(338,164)
Property and equipment, net	548,128	556,899
Operating lease right-of-use	8,672	9,468
Investments in consolidated subsidiaries	0	0
Intangible assets	92	96
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	1,726	2,191
Total assets	752,510	764,515
Current liabilities:
Accounts payable and accrued expenses	12,475	12,923
Accrued wages and benefits	6,565	10,554
Accrued interest	3,309	520
Accrued income taxes	2,297	3,612
Accrued other taxes	1,539	937
Accrued contingencies	701	598
Current portion of long-term debt	17,901	18,317
Other current liabilities	3,310	3,315
Total current liabilities	48,097	50,776
Long-term debt	142,004	141,832
Deferred income taxes	101,984	103,793
Intercompany payables	0	0
Operating lease liabilities	7,103	7,815
Deferred gains and other liabilities	920	745
Total liabilities	300,108	304,961
Redeemable noncontrolling interest	2,752	2,812	$ 3,160	$ 3,302
Equity:
Common stock	230	224
Additional paid-in capital	452,701	452,009
Retained earnings	7,463	14,692
Treasury shares, at cost	(10,744)	(10,183)
Total equity	449,650	456,742	$ 458,885	$ 463,436
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	752,510	764,515
Reportable Legal Entities \| Parent
Current assets:
Cash and cash equivalents	111,654	114,965
Receivables:
Trade, operating, net of allowance for doubtful accounts	0	0
Trade, dry-leasing	0	0
Tax receivables	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	991	488
Total current assets	112,645	115,453
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Operating lease right-of-use	0	0
Investments in consolidated subsidiaries	189,347	190,142
Intangible assets	0	0
Deferred income taxes	11,711	9,909
Intercompany receivables	285,926	288,023
Other assets	524	670
Total assets	600,153	604,197
Current liabilities:
Accounts payable and accrued expenses	1,239	405
Accrued wages and benefits	625	122
Accrued interest	3,259	468
Accrued income taxes	2,273	3,595
Accrued other taxes	0	0
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	1,126	1,053
Total current liabilities	8,522	5,643
Long-term debt	142,004	141,832
Deferred income taxes	0	0
Intercompany payables	0	0
Operating lease liabilities	0	0
Deferred gains and other liabilities	0	0
Total liabilities	150,526	147,475
Redeemable noncontrolling interest	0	0
Equity:
Common stock	230	224
Additional paid-in capital	452,703	452,010
Retained earnings	7,438	14,671
Treasury shares, at cost	(10,744)	(10,183)
Total equity	449,627	456,722
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	600,153	604,197
Reportable Legal Entities \| Guarantors
Current assets:
Cash and cash equivalents	0	0
Receivables:
Trade, operating, net of allowance for doubtful accounts	28,738	27,230
Trade, dry-leasing	5,754	5,234
Tax receivables	2	2
Other	14,594	15,136
Inventories, net	19,927	20,019
Prepaid expenses	2,108	1,480
Total current assets	71,123	69,101
Property and equipment	876,767	878,281
Accumulated depreciation	(340,873)	(333,788)
Property and equipment, net	535,894	544,493
Operating lease right-of-use	7,526	7,694
Investments in consolidated subsidiaries	0	0
Intangible assets	0	0
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	873	1,082
Total assets	615,416	622,370
Current liabilities:
Accounts payable and accrued expenses	10,078	10,937
Accrued wages and benefits	4,767	9,065
Accrued interest	50	52
Accrued income taxes	0	1
Accrued other taxes	1,201	487
Accrued contingencies	0	0
Current portion of long-term debt	17,901	18,317
Other current liabilities	1,904	1,866
Total current liabilities	35,901	40,725
Long-term debt	0	0
Deferred income taxes	112,788	112,795
Intercompany payables	220,529	225,341
Operating lease liabilities	6,219	6,434
Deferred gains and other liabilities	920	745
Total liabilities	376,357	386,040
Redeemable noncontrolling interest	0	0
Equity:
Common stock	0	0
Additional paid-in capital	100,306	100,307
Retained earnings	138,753	136,023
Treasury shares, at cost	0	0
Total equity	239,059	236,330
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	615,416	622,370
Reportable Legal Entities \| Non-guarantors
Current assets:
Cash and cash equivalents	1,864	2,401
Receivables:
Trade, operating, net of allowance for doubtful accounts	5,364	5,500
Trade, dry-leasing	0	0
Tax receivables	2,157	2,858
Other	412	285
Inventories, net	14	47
Prepaid expenses	313	216
Total current assets	10,124	11,307
Property and equipment	16,818	16,782
Accumulated depreciation	(4,584)	(4,376)
Property and equipment, net	12,234	12,406
Operating lease right-of-use	1,146	1,774
Investments in consolidated subsidiaries	0	0
Intangible assets	92	96
Deferred income taxes	0	0
Intercompany receivables	0	0
Other assets	329	439
Total assets	23,925	26,022
Current liabilities:
Accounts payable and accrued expenses	1,158	1,581
Accrued wages and benefits	1,173	1,367
Accrued interest	0	0
Accrued income taxes	24	16
Accrued other taxes	338	450
Accrued contingencies	701	598
Current portion of long-term debt	0	0
Other current liabilities	280	396
Total current liabilities	3,674	4,408
Long-term debt	0	0
Deferred income taxes	907	907
Intercompany payables	65,417	62,702
Operating lease liabilities	884	1,381
Deferred gains and other liabilities	0	0
Total liabilities	70,882	69,398
Redeemable noncontrolling interest	2,752	2,812
Equity:
Common stock	0	0
Additional paid-in capital	4,562	4,562
Retained earnings	(54,271)	(50,750)
Treasury shares, at cost	0	0
Total equity	(49,709)	(46,188)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	23,925	26,022
Eliminations
Current assets:
Cash and cash equivalents	0	0
Receivables:
Trade, operating, net of allowance for doubtful accounts	0	0
Trade, dry-leasing	0	0
Tax receivables	0	0
Other	0	0
Inventories, net	0	0
Prepaid expenses	0	0
Total current assets	0	0
Property and equipment	0	0
Accumulated depreciation	0	0
Property and equipment, net	0	0
Operating lease right-of-use	0	0
Investments in consolidated subsidiaries	(189,347)	(190,142)
Intangible assets	0	0
Deferred income taxes	(11,711)	(9,909)
Intercompany receivables	(285,926)	(288,023)
Other assets	0	0
Total assets	(486,984)	(488,074)
Current liabilities:
Accounts payable and accrued expenses	0	0
Accrued wages and benefits	0	0
Accrued interest	0	0
Accrued income taxes	0	0
Accrued other taxes	0	0
Accrued contingencies	0	0
Current portion of long-term debt	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	(11,711)	(9,909)
Intercompany payables	(285,946)	(288,043)
Operating lease liabilities	0	0
Deferred gains and other liabilities	0	0
Total liabilities	(297,657)	(297,952)
Redeemable noncontrolling interest	0	0
Equity:
Common stock	0	0
Additional paid-in capital	(104,870)	(104,870)
Retained earnings	(84,457)	(85,252)
Treasury shares, at cost	0	0
Total equity	(189,327)	(190,122)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ (486,984)	$ (488,074)