v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 140,630 $ 180,265
Restricted cash 2,288 3,397
Accounts receivable, net of allowance of $201 and $77, respectively 234,914 234,620
Inventories 102,358 99,863
Prepaid expenses and other current assets 44,254 45,438
Total current assets 524,444 563,583
Property and equipment, net of accumulated depreciation of $242,863 and $232,107, respectively 951,806 927,766
Investment in unconsolidated affiliates 20,325 19,890
Right-of-use assets 280,306 287,939
Other assets 138,895 138,100
Total assets 1,915,776 1,937,278
Current liabilities:    
Accounts payable 86,960 87,885
Accrued wages, benefits and related taxes 48,157 52,685
Income taxes payable and other accrued taxes 9,614 8,176
Deferred revenues 24,717 20,334
Accrued maintenance and repairs 24,072 24,545
Current portion of operating lease liabilities 75,862 75,288
Accrued interest and other accrued liabilities 20,906 27,629
Current maturities of long-term debt 13,127 13,247
Total current liabilities 303,415 309,789
Long-term debt, less current maturities 530,943 534,823
Other liabilities and deferred credits 10,705 11,820
Deferred taxes 41,587 42,710
Long-term operating lease liabilities 208,916 214,957
Total liabilities 1,095,566 1,114,099
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,387 and 28,310 outstanding, respectively 312 311
Additional paid-in capital 729,292 725,773
Retained earnings 224,573 217,968
Treasury stock, at cost; 2,605 and 2,566 shares, respectively (66,738) (65,722)
Accumulated other comprehensive loss (66,748) (54,643)
Total Bristow Group Inc. stockholders’ equity 820,691 823,687
Noncontrolling interests (481) (508)
Total stockholders’ equity 820,210 823,179
Total liabilities and stockholders’ equity $ 1,915,776 $ 1,937,278

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