v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 207,530 $ 160,029
Restricted cash 2,206 3,654
Accounts receivable, net of allowance for doubtful accounts of $76 and $1,847 as of September 30, 2023 and December 31, 2022, respectively 219,114 215,131
Inventories 94,987 81,886
Prepaid expenses and other current assets 33,986 32,425
Total current assets 557,823 493,125
Property and equipment, net of accumulated depreciation of $217,010 and $180,060 as of September 30, 2023 and December 31, 2022, respectively 882,270 915,251
Investment in unconsolidated affiliates 19,627 17,000
Right-of-use assets 282,194 240,977
Other assets 147,779 145,648
Total assets 1,889,693 1,812,001
Current liabilities:    
Accounts payable 73,267 89,610
Accrued wages, benefits and related taxes 47,174 45,206
Income taxes payable and other accrued taxes 41,154 6,651
Deferred revenue 22,838 14,300
Accrued maintenance and repairs 34,002 19,654
Current portion of operating lease liabilities 75,199 76,261
Accrued interest and other accrued liabilities 19,387 22,252
Short-term borrowings and current maturities of long-term debt 12,683 11,656
Total current liabilities 325,704 285,590
Long-term debt, less current maturities 531,319 499,765
Accrued pension liabilities 8,978 20,089
Other liabilities and deferred credits 5,432 5,030
Deferred taxes 11,557 48,633
Long-term operating lease liabilities 211,505 165,955
Total liabilities 1,094,495 1,025,062
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,246 and 28,009 outstanding as of September 30, 2023 and December 31, 2022, respectively 306 306
Additional paid-in capital 722,066 709,319
Retained earnings 225,906 224,748
Treasury stock, at cost; 2,566 and 2,456 shares as of September 30, 2023 and December 31, 2022, respectively (65,722) (63,009)
Accumulated other comprehensive loss (87,015) (84,057)
Total Bristow Group Inc. stockholders’ equity 795,541 787,307
Noncontrolling interests (343) (368)
Total stockholders’ equity 795,198 786,939
Total liabilities and stockholders’ equity $ 1,889,693 $ 1,812,001

Source