v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Revenue $ 307,270 $ 301,584 $ 609,007 $ 602,186
Costs and expenses:        
General and administrative expenses 41,146 38,970 81,305 76,453
Merger and integration costs 291 647 659 2,382
Restructuring costs 0 117 0 968
Depreciation and amortization expense 16,051 17,644 32,587 40,839
Total costs and expenses 296,584 287,334 585,435 577,215
Loss on impairment 0 (2,901) (5,187) (24,835)
Gain on disposal of assets 3,368 162 1,267 661
Earnings (losses) from unconsolidated affiliates, net 630 964 745 (553)
Operating income 14,684 12,475 20,397 244
Interest income 627 42 701 108
Interest expense, net (10,008) (10,426) (20,250) (21,050)
Loss on extinguishment of debt 0 (124) 0 (124)
Reorganization items, net (29) (103) (78) (549)
Loss on sale of subsidiaries 0 0 0 (2,002)
Other, net 11,343 15,330 28,093 21,514
Total other income (expense), net 1,933 4,719 8,466 (2,103)
Income (loss) before income taxes 16,617 17,194 28,863 (1,859)
Income tax expense (116) (14,484) (8,347) (9,642)
Net income (loss) 16,501 2,710 20,516 (11,501)
Net loss (income) attributable to noncontrolling interests 17 65 (11) 79
Net income (loss) attributable to Bristow Group Inc. $ 16,518 $ 2,775 $ 20,505 $ (11,422)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.59 $ 0.10 $ 0.73 $ (0.40)
Diluted (in dollars per share) $ 0.58 $ 0.10 $ 0.72 $ (0.40)
Weighted average shares of common stock outstanding:        
Basic (in shares) 27,958 28,234 28,112 28,845
Diluted (in shares) 28,405 28,685 28,635 28,845
Service        
Revenue:        
Revenue $ 299,391 $ 290,120 $ 593,539 $ 578,471
Costs and expenses:        
Operating expenses 231,423 218,768 455,924 433,271
Reimbursable revenues        
Revenue:        
Revenue 7,879 11,464 15,468 23,715
Costs and expenses:        
Operating expenses $ 7,673 $ 11,188 $ 14,960 $ 23,302

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