v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 301,404 $ 196,662
Restricted cash 2,789 2,459
Accounts receivable 216,638 180,683
Inventories 99,996 82,419
Assets held for sale 22,463 32,401
Prepaid expenses and other current assets 29,455 29,527
Total current assets 672,745 524,151
Property and equipment 1,085,087 901,314
Less – Accumulated depreciation and amortization (55,557) (24,560)
Property and equipment, net 1,029,530 876,754
Investment in unconsolidated affiliates 89,924 110,058
Right-of-use assets 281,164 305,962
Other assets 139,022 128,336
Total assets 2,212,385 1,945,261
Current liabilities:    
Accounts payable 62,668 52,110
Accrued wages, benefits and related taxes 56,722 42,852
Income taxes payable 14,206 1,743
Other accrued taxes 7,950 4,583
Deferred revenue 14,829 12,053
Accrued maintenance and repairs 24,500 31,072
Current portion of operating lease liabilities 82,334 81,484
Accrued interest and other accrued liabilities 23,995 26,342
Short-term borrowings and current maturities of long-term debt 64,027 45,739
Total current liabilities 351,231 297,978
Long-term debt, less current maturities 580,342 515,385
Accrued pension liabilities 8,923 17,855
Preferred stock embedded derivative 0 286,182
Other liabilities and deferred credits 6,760 4,490
Deferred taxes 55,699 22,775
Long-term operating lease liabilities 197,888 224,595
Total liabilities 1,200,843 1,369,260
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 1,483 0
Mezzanine equity preferred stock: $.0001 par value, 6,824,582 issued and outstanding as of March 31, 2020 (1) [1] 0 149,785
Stockholders’ investment:    
Common stock, $0.01 par value, 110,000,000 authorized; 29,813,734 and 11,235,566 outstanding as of September 30 and March 31, 2020, respectively [1] 303 1
Additional paid-in capital 683,390 295,897
Retained earnings 326,721 139,228
Treasury shares, at cost; 345,757 shares as of September 30, 2020 (7,579) 0
Accumulated other comprehensive income (loss) 7,680 (8,641)
Total Bristow Group Inc. stockholders’ investment 1,010,515 426,485
Noncontrolling interests (456) (269)
Total stockholders’ investment 1,010,059 426,216
Total liabilities, mezzanine equity and stockholders’ investment $ 2,212,385 $ 1,945,261
[1] Share information displayed as of March 31, 2020 does not take into account the impact of the 3:1 reverse stock split or the Merger.

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