Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenue:    
Operating revenue from non-affiliates $ 246,549 $ 304,130
Operating revenue from affiliates 14,959 12,446
Reimbursable revenue from non-affiliates 8,685 16,600
Total revenues 270,193 333,176
Costs and expenses:    
Operating expense 190,436 257,759
Reimbursable expense 8,648 16,134
Prepetition restructuring charges 0 13,476
General and administrative 52,943 34,770
Depreciation and amortization 16,356 31,339
Total costs and expenses 268,383 353,478
Loss on impairment (19,233) 0
Gain (loss) on asset dispositions 5,522 (3,787)
Earnings from unconsolidated affiliates, net of losses (1,978) 2,347
Operating loss (13,879) (21,742)
Interest income 262 387
Interest expense (12,504) (26,708)
Reorganization items 0 (76,356)
Loss on sale of subsidiaries 0 (56,303)
Change in fair value of preferred stock derivative liability 15,416 0
Gain on bargain purchase 75,433 0
Other income (expense), net 3,386 (3,873)
Total other income (expense) 81,993 (162,853)
Income (loss) before benefit (provision) for income taxes 68,114 (184,595)
Benefit for income taxes 3,290 15,507
Net income (loss) 71,404 (169,088)
Net (income) loss attributable to noncontrolling interests 73 (158)
Net income (loss) attributable to Bristow Group Inc. $ 71,477 $ (169,246)
Income (loss) per common share:    
Basic (in dollars per share) $ 18.41 $ (4.71)
Diluted (in dollars per share) $ 5.16 $ (4.71)
Weighted average common shares outstanding:    
Basic (in shares) [1] 11,102,611 35,918,916
Diluted (in shares) [1] 38,988,528 35,918,916
[1] See Note 13 to the condensed consolidated financial statements for details on Weighted average common shares outstanding.