v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Operating revenue from non-affiliates $ 282,507 $ 291,348 $ 529,056 $ 595,478
Operating revenue from affiliates 13,215 13,336 28,174 25,782
Reimbursable revenue from non-affiliates 8,918 13,536 17,603 30,136
Total revenues 304,640 318,220 574,833 651,396
Costs and expenses:        
Operating expense 231,953 236,655 422,389 494,414
Reimbursable expense 8,919 12,840 17,567 28,974
Prepetition restructuring charges 0 0 0 13,476
General and administrative 39,268 37,820 74,791 72,590
Merger-related costs 4,497 0 21,917 0
Depreciation and amortization 18,537 31,303 34,893 62,642
Total costs and expenses 303,174 318,618 571,557 672,096
Loss on impairment (17,596) (62,101) (36,829) (62,101)
Gain (loss) on asset dispositions (8,473) (230) (2,951) (4,017)
Earnings from unconsolidated affiliates, net of losses 1,948 633 (30) 2,980
Operating loss (22,655) (62,096) (36,534) (83,838)
Interest income 434 270 696 657
Interest expense (13,445) (22,715) (25,949) (49,423)
Reorganization items 0 (93,943) 0 (170,299)
Loss on sale of subsidiaries 0 420 0 (55,883)
Change in fair value of preferred stock derivative liability 0 0 15,416 0
Gain on bargain purchase 5,660 0 81,093 0
Other income (expense), net 10,592 (6,637) 13,978 (10,510)
Total other income (expense) 3,241 (122,605) 85,234 (285,458)
Income (loss) before income taxes (19,414) (184,701) 48,700 (369,296)
Benefit (provision) for income taxes (8,578) 21,782 (5,288) 37,289
Net income (loss) (27,992) (162,919) 43,412 (332,007)
Net (income) loss attributable to noncontrolling interests 131 (55) 204 (213)
Net income (loss) attributable to Bristow Group Inc. $ (27,861) $ (162,974) $ 43,616 $ (332,220)
Income (loss) per common share:        
Basic (in dollars per share) $ (0.95) $ (4.54) $ 8.73 $ (9.25)
Diluted (in dollars per share) $ (0.95) $ (4.54) $ 5.09 $ (9.25)
Weighted average common shares outstanding:        
Basic (in shares) [1] 29,357,959 35,918,916 20,230,285 35,918,916
Diluted (in shares) [1] 29,357,959 35,918,916 34,031,657 35,918,916
[1] See Note 11 to the condensed consolidated financial statements for details on income (loss) per share and weighted average common shares outstanding.

Source