Transition report pursuant to Rule 13a-10 or 15d-10

CONSOLIDATED BALANCE SHEETS

v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 160,029 $ 263,769
Restricted cash 3,654 2,245
Accounts receivables, net 215,131 203,771
Inventories 81,886 81,674
Prepaid expenses and other current assets 32,425 28,426
Total current assets 493,125 579,885
Property and equipment, net 915,251 942,608
Investment in unconsolidated affiliates 17,000 17,585
Right-of-use assets 240,977 193,505
Other assets 145,648 90,696
Total assets 1,812,001 1,824,279
Current liabilities:    
Accounts payable 89,610 63,497
Accrued wages, benefits and related taxes 45,206 53,424
Income taxes payable and other accrued taxes 6,651 13,410
Deferred revenue 14,300 15,161
Accrued maintenance and repairs 19,654 38,354
Current portion of operating lease liabilities 76,261 69,866
Accrued interest and other accrued liabilities 22,252 21,284
Current maturities of long-term debt 11,656 12,759
Total current liabilities 285,590 287,755
Long-term debt, less current maturities 499,765 512,909
Accrued pension liabilities 20,089 18,170
Other liabilities and deferred credits 5,030 4,825
Deferred taxes 48,633 39,811
Long-term operating lease liabilities 165,955 125,441
Total liabilities 1,025,062 988,911
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,009 and 28,287 outstanding as of December 31, 2022 and March 31, 2022, respectively 306 303
Additional paid-in capital 709,319 699,401
Retained earnings 224,748 211,220
Treasury stock, at cost; 2,456 and 1,983 shares as of December 31, 2022 and March 31, 2022, respectively (63,009) (51,659)
Accumulated other comprehensive loss (84,057) (23,450)
Total Bristow Group Inc. stockholders’equity 787,307 835,815
Noncontrolling interests (368) (447)
Total stockholders’ equity 786,939 835,368
Total liabilities and stockholders’ equity $ 1,812,001 $ 1,824,279