v3.20.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 293,530 $ 196,662
Restricted cash 4,303 2,459
Accounts receivable 231,587 180,683
Inventories 97,422 82,419
Assets held for sale 17,531 32,401
Prepaid expenses and other current assets 31,516 29,527
Total current assets 675,889 524,151
Property and equipment 1,099,878 901,314
Accumulated depreciation and amortization (71,249) (24,560)
Property and equipment, net 1,028,629 876,754
Investment in unconsolidated affiliates 38,368 110,058
Right-of-use assets 266,651 305,962
Other assets 126,245 128,336
Total assets 2,135,782 1,945,261
Current liabilities:    
Accounts payable 63,161 52,110
Accrued wages, benefits and related taxes 59,459 42,852
Income taxes payable and other accrued taxes 19,656 6,326
Deferred revenue 8,561 12,053
Accrued maintenance and repairs 24,601 31,072
Current portion of operating lease liabilities 81,400 81,484
Accrued interest and other accrued liabilities 20,984 26,342
Short-term borrowings and current maturities of long-term debt 48,069 45,739
Total current liabilities 325,891 297,978
Long-term debt, less current maturities 568,368 515,385
Accrued pension liabilities 4,260 17,855
Preferred stock embedded derivative 0 286,182
Other liabilities and deferred credits 7,410 4,490
Deferred taxes 65,355 22,775
Long-term operating lease liabilities 183,994 224,595
Total liabilities 1,155,278 1,369,260
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 1,453 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; 29,710,476 and 11,235,566 outstanding as of December 31 and March 31, 2020, respectively [1] 303 1
Additional paid-in capital 685,575 295,897
Retained earnings 269,600 139,228
Treasury shares, at cost; 449,015 shares as of December 31, 2020 (10,007) 0
Accumulated other comprehensive income (loss) 34,153 (8,641)
Total Bristow Group Inc. stockholders’ investment 979,624 426,485
Noncontrolling interests (573) (269)
Total stockholders’ investment 979,051 426,216
Total liabilities, mezzanine equity and stockholders’ investment $ 2,135,782 $ 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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