v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 301,584 $ 304,640 $ 602,186 $ 574,833
Costs and expenses:        
General and administrative expenses 38,970 39,613 76,453 75,007
Merger-related costs 647 4,497 2,382 21,917
Restructuring costs 117 13,326 968 16,336
Depreciation and amortization 17,644 18,537 40,839 34,893
Total costs and expenses 287,334 303,174 577,215 571,557
Loss on impairment (2,901) (17,596) (24,835) (36,829)
Gain (loss) on disposal of assets 162 (8,473) 661 (2,951)
Earnings (losses) from unconsolidated affiliates, net 964 1,948 (553) (30)
Operating income (loss) 12,475 (22,655) 244 (36,534)
Interest income 42 434 108 696
Interest expense (10,426) (13,445) (21,050) (25,949)
Loss on extinguishment of debt (124) 0 (124) (615)
Reorganization items, net (103) 0 (549) 0
Loss on sale of subsidiaries 0 0 (2,002) 0
Change in fair value of preferred stock derivative liability 0 0 0 15,416
Gain on bargain purchase 0 5,660 0 81,093
Other, net 15,330 10,592 21,514 14,593
Total other income (expense), net 4,719 3,241 (2,103) 85,234
Income (loss) before income taxes 17,194 (19,414) (1,859) 48,700
Income tax expense (14,484) (8,578) (9,642) (5,288)
Net income (loss) 2,710 (27,992) (11,501) 43,412
Net loss attributable to noncontrolling interests 65 131 79 204
Net income (loss) attributable to Bristow Group Inc. $ 2,775 $ (27,861) $ (11,422) $ 43,616
Income (loss) per common share:        
Basic (in dollars per share) [1] $ 0.10 $ (0.95) $ (0.40) $ 8.73
Diluted (in dollars per share) [1] $ 0.10 $ (0.95) $ (0.40) $ 5.09
Weighted average common shares outstanding:        
Basic (in shares) [1] 28,233,527 29,357,959 28,844,633 20,230,285
Diluted (in shares) [1] 28,684,660 29,357,959 28,844,633 34,031,657
Service        
Revenue:        
Revenue $ 290,120 $ 295,722 $ 578,471 $ 557,230
Costs and expenses:        
Operating expenses 218,768 218,282 433,271 405,837
Reimbursable        
Revenue:        
Revenue 11,464 8,918 23,715 17,603
Costs and expenses:        
Operating expenses $ 11,188 $ 8,919 $ 23,302 $ 17,567
[1] See Note 9 to the condensed consolidated financial statements for details on prior year income (loss) per share and weighted average common shares outstanding.

Source