v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Mar. 31, 2020
Oct. 31, 2019
Mar. 31, 2021
Mar. 31, 2019
Revenue:        
Revenues $ 485,763 $ 757,223 $ 1,178,062 $ 1,369,662
Costs and expenses:        
Prepetition restructuring charges 0 13,476 0 0
General and administrative expenses 64,960 88,392 153,270 182,113
Merger-related costs 6,330 0 42,842 0
Restructuring costs 227 4,539 25,773 0
Depreciation and amortization expense 28,238 70,864 70,078 124,899
Total costs and expenses 488,075 780,134 1,181,925 1,446,241
Loss on impairment (9,591) (62,101) (91,260) (117,220)
Loss on disposal of assets (451) (3,768) (8,199) (27,843)
Earnings from unconsolidated affiliates, net of losses 7,262 6,589 426 4,317
Operating loss (5,092) (82,191) (102,896) (217,325)
Interest income 662 822 1,293 3,424
Interest expense (22,964) (128,658) (51,259) (113,500)
Loss on extinguishment of debt 0 0 (29,359) 0
Reorganization items, net (7,232) (617,973) 1,577 0
Loss on sale of subsidiaries 0 (55,883) 0 0
Change in fair value of preferred stock derivative liability 184,140 0 15,416 0
Gain on bargain purchase 0 0 81,093 0
Other income (expense), net (9,956) (3,501) 27,495 (8,898)
Total other income (expense) 144,650 (805,193) 46,256 (118,974)
Income (loss) before income taxes 139,558 (887,384) (56,640) (336,299)
Benefit (provision) for income taxes (482) 51,178 355 161
Net income (loss) 139,076 (836,206) (56,285) (336,138)
Net (income) loss attributable to noncontrolling interests 152 (208) 191 (709)
Net income (loss) attributable to Bristow Group Inc. $ 139,228 $ (836,414) $ (56,094) $ (336,847)
Income (loss) per common share:        
Basic (in dollars per share) [1] $ 20.11 $ (23.29) $ 3.12 $ (9.42)
Diluted (in dollars per share) [1] $ (1.51) $ (23.29) $ 2.32 $ (9.42)
Weighted average common shares outstanding:        
Basic (in shares) [1] 5,641,320 35,918,916 24,601,168 35,740,933
Diluted (in shares) [1] 29,805,981 35,918,916 31,675,938 35,740,933
Operating        
Revenue:        
Revenues $ 467,725 $ 722,919 $ 1,139,024 $ 1,307,907
Costs and expenses:        
Operating expenses 370,637 569,840 851,173 1,079,747
Reimbursable        
Revenue:        
Revenues 18,038 34,304 39,038 61,755
Costs and expenses:        
Operating expenses $ 17,683 $ 33,023 $ 38,789 $ 59,482
[1] See Note 12 to the consolidated financial statements for details on income (loss) per share and weighted average common shares outstanding.

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