| Schedule of revenue by segment |
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s condensed consolidated financial statements (in thousands):
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Three Months Ended September 30, |
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Six Months Ended September 30, |
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Successor |
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Predecessor |
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|
Successor |
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Predecessor |
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2020 |
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2019 |
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2020 |
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|
2019 |
Region revenue from external customers: |
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Europe Caspian |
$ |
164,920 |
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$ |
179,870 |
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|
$ |
331,913 |
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|
|
$ |
368,464 |
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Africa |
23,056 |
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|
47,165 |
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|
|
54,778 |
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|
|
96,681 |
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Americas |
95,361 |
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|
|
61,726 |
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|
154,475 |
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|
|
118,716 |
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Asia Pacific |
21,112 |
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|
29,449 |
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|
33,370 |
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|
67,260 |
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Corporate and other |
191 |
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|
10 |
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|
297 |
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|
275 |
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Total region revenue (1)
|
$ |
304,640 |
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$ |
318,220 |
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$ |
574,833 |
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$ |
651,396 |
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(1) The above table represents disaggregated revenue from contracts with customers except for the following (in thousands):
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Three Months Ended September 30, |
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Six Months Ended September 30, |
|
Successor |
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Predecessor |
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|
Successor |
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Predecessor |
|
2020 |
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2019 |
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|
2020 |
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|
2019 |
Revenue not from contracts with customers: |
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Europe Caspian |
$ |
348 |
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|
$ |
318 |
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$ |
690 |
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$ |
622 |
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Africa |
— |
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|
— |
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— |
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|
— |
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Americas |
9,019 |
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|
7,983 |
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|
18,026 |
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|
15,966 |
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Asia Pacific |
83 |
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|
79 |
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|
157 |
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|
160 |
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Corporate and other |
945 |
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|
— |
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|
2,307 |
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|
— |
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Total region revenue |
$ |
10,395 |
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$ |
8,380 |
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$ |
21,180 |
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$ |
16,748 |
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| Operating Performance and Total Assets by Segment |
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Three Months Ended September 30, |
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Six Months Ended September 30, |
|
Successor |
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Predecessor |
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Successor |
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Predecessor |
|
2020 |
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2019 |
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|
2020 |
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2019 |
Earnings from unconsolidated affiliates, net of losses – equity method investments: |
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Europe Caspian |
$ |
(43 |
) |
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$ |
(3 |
) |
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|
$ |
(19 |
) |
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|
$ |
168 |
|
Americas |
1,948 |
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|
315 |
|
|
|
(54 |
) |
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|
2,491 |
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Corporate and other |
— |
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|
|
321 |
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|
— |
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|
321 |
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Total earnings from unconsolidated affiliates, net of losses – equity method investments |
$ |
1,905 |
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|
$ |
633 |
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$ |
(73 |
) |
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$ |
2,980 |
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Consolidated operating income (loss): |
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Europe Caspian |
$ |
19,614 |
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$ |
11,224 |
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$ |
46,926 |
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$ |
23,031 |
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Africa |
(13,790 |
) |
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|
6,528 |
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(8,941 |
) |
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|
14,273 |
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Americas |
16,188 |
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|
3,527 |
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|
3,186 |
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|
7,095 |
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Asia Pacific |
4,535 |
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(19,848 |
) |
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|
3,007 |
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|
|
(32,282 |
) |
Corporate and other |
(40,729 |
) |
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(63,297 |
) |
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(77,761 |
) |
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(91,938 |
) |
Gain (loss) on disposal of assets |
(8,473 |
) |
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|
(230 |
) |
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|
(2,951 |
) |
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|
(4,017 |
) |
Total consolidated operating income (loss) |
$ |
(22,655 |
) |
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$ |
(62,096 |
) |
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$ |
(36,534 |
) |
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$ |
(83,838 |
) |
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Depreciation and amortization: |
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Europe Caspian |
$ |
8,080 |
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$ |
12,395 |
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$ |
16,292 |
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$ |
24,834 |
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Africa |
1,284 |
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|
5,007 |
|
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|
2,601 |
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|
9,998 |
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Americas |
5,098 |
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|
7,590 |
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|
8,053 |
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|
14,470 |
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Asia Pacific |
2,048 |
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|
2,970 |
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|
4,054 |
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|
6,691 |
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Corporate and other |
2,027 |
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|
3,341 |
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|
3,893 |
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|
6,649 |
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Total depreciation and amortization |
$ |
18,537 |
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|
$ |
31,303 |
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$ |
34,893 |
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$ |
62,642 |
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Successor |
|
September 30, 2020 |
|
March 31, 2020 |
Identifiable assets: |
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Europe Caspian |
$ |
1,193,599 |
|
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$ |
1,096,022 |
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Africa |
203,741 |
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|
235,165 |
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Americas |
574,914 |
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|
319,015 |
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Asia Pacific |
135,877 |
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|
166,229 |
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Corporate and other (2)
|
104,254 |
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|
128,830 |
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Total identifiable assets |
$ |
2,212,385 |
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$ |
1,945,261 |
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Investments in unconsolidated affiliates – equity method investments: |
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Europe Caspian |
$ |
604 |
|
|
$ |
575 |
|
Americas |
56,320 |
|
|
76,483 |
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Total investments in unconsolidated affiliates – equity method investments |
$ |
56,924 |
|
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$ |
77,058 |
|
_____________
(2)
Includes $9.3 million and $7.8 million of construction in progress within property and equipment on the Company’s condensed consolidated balance sheets as of September 30 and March 31, 2020 (Successor), respectively, which primarily represents aircraft modifications and other miscellaneous equipment, tooling and building improvements currently in progress.
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