v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 255,036 $ 263,769
Restricted cash 3,397 2,245
Accounts receivable, net of allowance for doubtful accounts of $1,841 and $1,886 as of June 30, 2022 and March 31, 2022, respectively 212,089 203,771
Inventories 81,362 81,674
Assets held for sale 54 59
Prepaid expenses and other current assets 30,848 28,367
Total current assets 582,786 579,885
Property and equipment, net of accumulated depreciation of $156,768 and $149,532 as of June 30, 2022 and March 31, 2022, respectively 900,756 942,608
Investment in unconsolidated affiliates 17,000 17,585
Right-of-use assets 215,480 193,505
Other assets 126,350 90,696
Total assets 1,842,372 1,824,279
Current liabilities:    
Accounts payable 87,249 63,497
Accrued wages, benefits and related taxes 40,621 53,424
Income taxes payable and other accrued taxes 10,035 13,410
Deferred revenue 14,182 15,161
Accrued maintenance and repairs 78,854 38,354
Current portion of operating lease liabilities 68,554 69,866
Accrued interest and other accrued liabilities 26,565 21,284
Short-term borrowings and current maturities of long-term debt 11,768 12,759
Total current liabilities 337,828 287,755
Long-term debt, less current maturities 502,603 512,909
Accrued pension liabilities 12,635 18,170
Other liabilities and deferred credits 5,170 4,825
Deferred taxes 41,739 39,811
Long-term operating lease liabilities 149,010 125,441
Total liabilities 1,048,985 988,911
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,204 and 28,287 outstanding as of June 30, 2022 and March 31, 2022, respectively 306 303
Additional paid-in capital 702,496 699,401
Retained earnings 215,207 211,220
Treasury stock, at cost; 2,175 and 1,983 shares as of June 30, 2022 and March 31, 2022, respectively (56,361) (51,659)
Accumulated other comprehensive loss (67,862) (23,450)
Total Bristow Group Inc. stockholders’ equity 793,786 835,815
Noncontrolling interests (399) (447)
Total stockholders’ equity 793,387 835,368
Total liabilities and stockholders’ equity $ 1,842,372 $ 1,824,279

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