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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Mar. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (14,211) $ 71,404  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 26,248 21,493  
Deferred income taxes (7,754) (6,382)  
Loss from extinguishment of debt 0 615  
Amortization of deferred financing fees 309 0  
Discount amortization on long-term debt 2,050 3,619  
Gain on disposal of assets (499) (5,522)  
Loss on impairment 21,934 19,233  
Loss on sale of subsidiaries 2,002 0  
Gain on bargain purchase 0 (75,433)  
Change in fair value of preferred stock derivative liability 0 (15,416)  
Stock-based compensation 2,326 5,185  
Equity in earnings from unconsolidated affiliates less than (greater than) dividends received 1,517 3,632  
Increase (decrease) in cash resulting from changes in:      
Accounts receivable 17,027 10,465  
Inventory, prepaid expenses and other assets (516) (12,502)  
Accounts payable, accrued expenses and other liabilities (13,992) (27,257)  
Net cash provided by (used in) operating activities 36,441 (6,866)  
Cash flows from investing activities:      
Capital expenditures (2,968) (2,849)  
Proceeds from asset dispositions 10,621 11,665  
Deposits on assets held for sale 0 20,000  
Cash transferred in sale of subsidiaries, net of cash received (851) 0  
Increase in cash from Era merger 0 120,236  
Net cash provided by investing activities 6,802 149,052  
Cash flows from financing activities:      
Debt issuance costs (1,895) 0  
Repayment of debt and debt redemption premiums (4,002) (73,387)  
Purchase of treasury shares (21,793) 0  
Old Bristow share repurchases 0 (4,807)  
Net cash used in financing activities (27,690) (78,194)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,042 302  
Net increase in cash, cash equivalents and restricted cash 17,595 64,294  
Cash, cash equivalents and restricted cash at beginning of period 231,079 199,121 $ 199,121
Cash, cash equivalents and restricted cash at end of period 248,674 263,415 $ 231,079
Cash paid during the period for:      
Interest 1,171 8,372  
Income taxes $ 3,046 $ 2,308  

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