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
Sep. 30, 2013
Jun. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
Current Assets:          
Cash and cash equivalents $ 22,517   $ 11,505 $ 9,232 $ 79,122
Receivables:          
Trade, net of allowance for doubtful accounts of $3,010 and $2,668 in 2013 and 2012, respectively 48,152   48,527    
Other 3,244   4,713    
Inventories, net 26,692   26,650    
Deferred income taxes 3,642   3,642    
Prepaid expenses and other 1,278   1,803    
Escrow deposits 9,900 16,010 0    
Total current assets 115,425   96,840    
Property and Equipment 1,014,907   1,030,276    
Accumulated depreciation (255,299)   (242,471)    
Net property and equipment 759,608   787,805    
Investments, at Equity, and Advances to 50% or Less Owned Companies 36,113   34,696    
Goodwill 352   352    
Other Assets 16,071   17,871    
Total Assets 927,569   937,564    
Current Liabilities:          
Accounts payable and accrued expenses 16,796   15,703    
Accrued wages and benefits 8,937   4,576    
Accrued interest 4,625   1,401    
Current portion of long-term debt 2,787   2,787    
Other current liabilities 6,894   5,232    
Total current liabilities 40,039   29,699    
Long-Term Debt 240,029   276,948    
Deferred Income Taxes 208,483   203,536    
Deferred Gains and Other Liabilities 5,343   7,864    
Total liabilities 493,894   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 420,650   278,838    
Retained earnings (accumulated deficit) 12,928   (4,025)    
Treasury shares, at cost (3,673 and nil in 2013 and 2012, respectively) (94)   0    
Accumulated other comprehensive income, net of tax 108   20    
Stockholders' equity attributable to parent, total 433,794   275,078    
Noncontrolling interest in subsidiary (119)   207    
Total equity 433,675   275,285    
Total Liabilities and Stockholders’ Equity 927,569   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