v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 228,010 $ 196,662
Restricted cash 3,069 2,459
Accounts receivables 215,620 180,683
Inventories 92,180 82,419
Assets held for sale 14,750 32,401
Prepaid expenses and other current assets 32,119 29,527
Total current assets 585,748 524,151
Property and equipment 1,090,094 901,314
Accumulated depreciation and amortization (85,535) (24,560)
Property and equipment, net 1,004,559 876,754
Investment in unconsolidated affiliates 37,530 110,058
Right-of-use assets 246,667 305,962
Other assets 117,766 128,336
Total assets 1,992,270 1,945,261
Current liabilities:    
Accounts payable 69,542 52,110
Accrued wages, benefits and related taxes 58,595 42,852
Income taxes payable and other accrued taxes 19,972 6,326
Deferred revenue 13,598 12,053
Accrued maintenance and repairs 26,907 31,072
Current portion of operating lease liabilities 77,909 81,484
Accrued interest and other accrued liabilities 22,632 26,342
Short-term borrowings and current maturities of long-term debt 15,965 45,739
Total current liabilities 305,120 297,978
Long-term debt, less current maturities 527,528 515,385
Accrued pension liabilities 44,150 17,855
Preferred stock embedded derivative 0 286,182
Other liabilities and deferred credits 6,681 4,490
Deferred taxes 42,430 22,775
Long-term operating lease liabilities 167,718 224,595
Total liabilities 1,093,627 1,369,260
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 1,572 0
Mezzanine equity preferred stock: $0.0001 par value, 6,824,582 issued and outstanding as of March 31, 2020 [1] 0 149,785
Stockholders’ investment:    
Common stock, $0.01 par value, 110,000,000 authorized; 29,694,071 and 11,235,566 outstanding as of March 31, 2021 and March 31, 2020, respectively [1] 303 1
Additional paid-in capital 687,715 295,897
Retained earnings 227,011 139,228
Treasury shares, at cost; 466,700 shares as of March 31, 2021 (10,501) 0
Accumulated other comprehensive income (6,915) (8,641)
Total Bristow Group Inc. stockholders’ investment 897,613 426,485
Noncontrolling interests (542) (269)
Total stockholders’ investment 897,071 426,216
Total liabilities, mezzanine equity and stockholders’ investment $ 1,992,270 $ 1,945,261
[1] Share information displayed as of March 31, 2020 does not take into account the impact of the Merger.

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