v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 244,696 $ 228,010
Restricted cash 3,978 3,069
Accounts receivable, net of allowance for doubtful accounts of $2,200 and $2,300 as of June 30 and March 31, 2021, respectively 198,144 215,620
Inventories 92,894 92,180
Assets held for sale 7,432 14,750
Prepaid expenses and other current assets 30,251 32,119
Total current assets 577,395 585,748
Property and equipment 1,082,116 1,090,094
Accumulated depreciation and amortization (107,459) (85,535)
Property and equipment, net 974,657 1,004,559
Investment in unconsolidated affiliates 19,416 37,530
Right-of-use assets 226,970 246,667
Other assets 115,215 117,766
Total assets 1,913,653 1,992,270
Current liabilities:    
Accounts payable 63,844 69,542
Accrued wages, benefits and related taxes 43,052 58,595
Income taxes payable and other accrued taxes 18,580 19,972
Deferred revenue 14,436 13,598
Accrued maintenance and repairs 27,610 26,907
Current portion of operating lease liabilities 73,755 77,909
Accrued interest and other accrued liabilities 36,606 22,632
Short-term borrowings and current maturities of long-term debt 16,043 15,965
Total current liabilities 293,926 305,120
Long-term debt, less current maturities 525,571 527,528
Accrued pension liabilities 39,302 44,150
Other liabilities and deferred credits 6,637 6,681
Deferred taxes 33,801 42,430
Long-term operating lease liabilities 152,258 167,718
Total liabilities 1,051,495 1,093,627
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests 0 1,572
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000,000 authorized; 28,806,355 and 29,694,071 outstanding as of June 30 and March 31, 2021, respectively 303 303
Additional paid-in capital 690,041 687,715
Retained earnings 212,814 227,011
Treasury shares, at cost; 1,403,267 and 466,700 shares as of June 30 and March 31, 2021, respectively (35,700) (10,501)
Accumulated other comprehensive loss (4,749) (6,915)
Total Bristow Group Inc. stockholders’ equity 862,709 897,613
Noncontrolling interests (551) (542)
Total stockholders’ equity 862,158 897,071
Total liabilities and stockholders’ equity $ 1,913,653 $ 1,992,270

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