v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenue $ 338,090 $ 307,270 $ 959,495 $ 896,406
Costs and expenses:        
General and administrative expenses 46,256 41,146 137,602 122,949
Merger and integration costs 738 291 1,854 1,483
Restructuring costs 0 0 0 2,113
Depreciation and amortization expense 17,862 16,051 53,599 49,506
Total costs and expenses 313,374 296,584 925,627 876,340
Loss on impairment 0 0 0 (5,187)
Gains on disposal of assets 1,179 3,368 1,271 1,226
Earnings from unconsolidated affiliates 3,722 630 6,038 420
Operating income 29,617 14,684 41,177 16,525
Interest income 2,532 627 5,188 718
Interest expense, net (10,008) (10,008) (30,143) (30,491)
Reorganization items, net (3) (29) (86) (121)
Other, net 4,844 11,343 (11,619) 41,116
Total other income (expense), net (2,635) 1,933 (36,660) 11,222
Income before income taxes 26,982 16,617 4,517 27,747
Income tax expense (22,637) (116) (3,334) (11,607)
Net income 4,345 16,501 1,183 16,140
Net loss (income) attributable to noncontrolling interests (28) 17 (25) 52
Net income attributable to Bristow Group Inc. $ 4,317 $ 16,518 $ 1,158 $ 16,192
Earnings per common share:        
Basic (in dollars per share) $ 0.15 $ 0.59 $ 0.04 $ 0.58
Diluted (in dollars per share) $ 0.15 $ 0.58 $ 0.04 $ 0.56
Weighted average shares of common stock outstanding:        
Basic (in shares) 28,217 27,958 28,088 28,148
Diluted (in shares) 28,959 28,405 28,742 28,712
Service        
Revenues:        
Revenue $ 330,252 $ 299,391 $ 934,705 $ 869,121
Costs and expenses:        
Operating expenses 240,682 231,423 708,065 673,635
Reimbursable revenues        
Revenues:        
Revenue 7,838 7,879 24,790 27,285
Costs and expenses:        
Operating expenses $ 7,836 $ 7,673 $ 24,507 $ 26,654

Source