v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Oct. 31, 2019
Dec. 31, 2019
Dec. 31, 2020
Oct. 31, 2019
Dec. 31, 2020
Revenue:          
Revenues $ 105,827 $ 200,924 $ 309,897 $ 757,223 $ 884,730
Costs and expenses:          
Prepetition restructuring charges   0   13,476 0
General and administrative expense 15,965 25,358 37,931 88,555 112,722
Merger-related costs 0 318 4,450 0 26,367
Depreciation and amortization expense 8,222 11,926 17,931 70,864 52,824
Total costs and expenses 108,038 204,154 298,083 780,134 869,640
Loss on impairment 0 0 (53,249) (62,101) (90,078)
Gain (loss) on disposal of assets 249 (154) 1,951 (3,768) (1,000)
Earnings from unconsolidated affiliates, net of losses 3,609 1,499 896 6,589 866
Operating income (loss) 1,647 (1,885) (38,588) (82,191) (75,122)
Interest income 165 202 359 822 1,055
Interest expense (79,235) (9,674) (13,203) (128,658) (39,152)
Reorganization items, net (447,674) 0 1,984 (617,973) 1,984
Gain (loss) on sale of subsidiaries   0   (55,883) 0
Change in fair value of preferred stock derivative liability 0 (133,315) 0 0 15,416
Gain on bargain purchase   0   0 81,093
Other, net 7,009 3,729 5,635 (3,501) 19,613
Total other income (expense) (519,735) (139,058) (5,225) (805,193) 80,009
Loss before income taxes (518,088) (140,943) (43,813) (887,384) 4,887
Benefit (provision) for income taxes 13,889 (11,600) (13,447) 51,178 (18,736)
Net income (loss) (504,199) (152,543) (57,260) (836,206) (13,849)
Net (income) loss attributable to noncontrolling interests 5 31 139 (208) 343
Net income (loss) attributable to Bristow Group Inc. $ (504,194) $ (152,512) $ (57,121) $ (836,414) $ (13,506)
Income (loss) per common share:          
Basic (in dollars per share) [1] $ (14.04) $ (14.49) $ (1.97) $ (23.29) $ 5.15
Diluted (in dollars per share) [1] $ (14.04) $ (14.49) $ (1.97) $ (23.29) $ 3.58
Weighted average common shares outstanding:          
Basic (in shares) [1] 35,918,916 11,235,535 28,944,908 35,918,916 23,178,914
Diluted (in shares) [1] 35,918,916 11,235,535 28,944,908 35,918,916 32,375,532
Operating          
Revenue:          
Revenues $ 101,659 $ 193,322 $ 300,275 $ 722,919 $ 857,505
Costs and expenses:          
Operating expenses 79,802 158,845 228,246 574,216 650,635
Reimbursable          
Revenue:          
Revenues 4,168 7,602 9,622 34,304 27,225
Costs and expenses:          
Operating expenses $ 4,049 $ 7,707 $ 9,525 $ 33,023 $ 27,092
[1] See Note 11 to the condensed consolidated financial statements for details on income (loss) per share and weighted average common shares outstanding.

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