SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION

v2.4.0.8

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	9 Months Ended
	Sep. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION On December 7, 2012, the Company issued $200.0 million aggregate principal amount of its 7.750% Senior Notes. The Company’s payment obligations under the 7.750% Senior Notes are jointly and severally guaranteed by all of the Company’s existing wholly-owned U.S. subsidiaries that guarantee the Revolving Credit Facility and its future U.S. subsidiaries that guarantee the Revolving Credit Facility or other material indebtedness the Company may incur in the future (the “Guarantors”). All the Guarantors currently guarantee the Revolving Credit Facility. The guarantees of the Guarantors are full and unconditional. As a result of the guarantee arrangements, the Company is presenting the following condensed consolidating balance sheets, statements of operations, comprehensive income and cash flows for Era Group Inc. (“Parent Company Only”), for the Guarantors and for our other subsidiaries (“Non-Guarantor Subsidiaries”). Supplemental Condensed Consolidating Balance Sheet as of September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands, except share data) ASSETS                     Current Assets:                     Cash and cash equivalents   $ 7,890   $ 13,462   $ 1,165   $ —   $ 22,517 Receivables:                     Trade, net of allowance for doubtful accounts of $3,010   —   48,012   140   —   48,152 Other   189   3,161   —   (106 )   3,244 Intercompany receivables   543,821   11,436   —   (555,257 )   — Inventories, net   —   26,692   —   —   26,692 Deferred income taxes   3,908   —   —   (266 )   3,642 Prepaid expenses and other   23   1,255   —   —   1,278 Escrow deposits   —   9,900   —   —   9,900 Total current assets   555,831   113,918   1,305   (555,629 )   115,425 Property and Equipment   —   1,003,407   11,500   —   1,014,907 Accumulated depreciation   —   (253,746 )   (1,553 )   —   (255,299 ) Net property and equipment   —   749,661   9,947   —   759,608 Investments, at Equity, and Advances to 50% or Less Owned Companies   —   36,113   —   —   36,113 Investments, at Equity in Consolidated Subsidiaries   100,308   —   —   (100,308 )   — Goodwill   —   352   —   —   352 Other Assets   5,657   10,414   —   —   16,071 Total Assets   $ 661,796   $ 910,458   $ 11,252   $ (655,937 )   $ 927,569 LIABILITIES AND STOCKHOLDERS’ EQUITY                     Current Liabilities:                     Accounts payable and accrued expenses   $ 953   $ 15,795   $ 48   $ —   $ 16,796 Accrued wages and benefits   —   8,937   —   —   8,937 Accrued interest   4,607   18   —   —   4,625 Intercompany payables   10,633   527,907   11,442   (549,982 )   — Current portion of long-term debt   —   2,787   —   —   2,787 Other current liabilities   —   7,000   —   (106 )   6,894 Total current liabilities   16,193   562,444   11,490   (550,088 )   40,039 Long-Term Debt   211,809   28,220   —   —   240,029 Deferred Income Taxes   —   209,238   —   (755 )   208,483 Deferred Gains and Other Liabilities   —   3,780   —   1,563   5,343 Total liabilities   228,002   803,682   11,490   (549,280 )   493,894                       Equity:                     Era Group Inc. stockholders’ equity:                     Common stock, $0.01 par value, 60,000,000 shares authorized; 20,189,522 issued and outstanding in 2013 (exclusive of 3,673 treasury shares)   202   —   —   —   202 Additional paid-in capital   420,650   99,845   496   (100,341 )   420,650 Retained earnings (accumulated deficit)   12,928   7,050   (734 )   (6,316 )   12,928 Treasury shares, at cost (3,673 in 2013)   (94 )   —   —   —   (94 ) Accumulated other comprehensive loss, net of tax   108   —   —   —   108     433,794   106,895   (238 )   (106,657 )   433,794 Noncontrolling interest in subsidiary   —   (119 )   —   —   (119 ) Total equity   433,794   106,776   (238 )   (106,657 )   433,675 Total Liabilities and Stockholders’ Equity   $ 661,796   $ 910,458   $ 11,252   $ (655,937 )   $ 927,569 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands, except share data) ASSETS                     Current Assets:                     Cash and cash equivalents   $ 2,258   $ 8,558   $ 689   $ —   $ 11,505 Receivables:                     Trade, net of allowance for doubtful accounts of $2,668   —   48,217   310   —   48,527 Other   971   3,742   —   —   4,713 Due from SEACOR and affiliates   560,327   —   —   (560,327 )   — Inventories, net   —   26,650   —   —   26,650 Deferred income taxes   4,625   —   —   (983 )   3,642 Prepaid expenses and other   —   1,803   —   —   1,803 Total current assets   568,181   88,970   999   (561,310 )   96,840 Property and Equipment   —   1,018,776   11,500   —   1,030,276 Accumulated depreciation   —   (241,436 )   (1,035 )   —   (242,471 ) Net property and equipment   —   777,340   10,465   —   787,805 Investments, at Equity, and Advances to 50% or Less Owned Companies   —   34,696   —   —   34,696 Investments, at Equity in Consolidated Subsidiaries   100,101   9,782   —   (109,883 )   — Goodwill   —   352   —   —   352 Other Assets   5,958   24,374   —   (12,461 )   17,871 Total Assets   $ 674,240   $ 935,514   $ 11,464   $ (683,654 )   $ 937,564 LIABILITIES AND STOCKHOLDERS’ EQUITY                     Current Liabilities:                     Accounts payable and accrued expenses   $ —   $ 15,618   $ 85   $ —   $ 15,703 Accrued wages and benefits   —   4,576   —   —   4,576 Accrued interest   1,357   44   —   —   1,401 Intercompany payables   5,491   560,323   10,965   (576,779 )   — Current portion of long-term debt   —   2,787   —   —   2,787 Other current liabilities   1,445   3,787   —   —   5,232 Total current liabilities   8,293   587,135   11,050   (576,779 )   29,699 Long-Term Debt   246,637   30,311   —   —   276,948 Deferred Income Taxes   —   204,520   —   (984 )   203,536 Deferred Gains and Other Liabilities   —   7,864   —   —   7,864 Total liabilities   254,930   829,830   11,050   (577,763 )   518,047 Series A Preferred Stock, at redemption value; $0.01 par value, 10,000,000 shares authorized; none issued and outstanding in 2013; 1,400,000 shares issued and outstanding in 2012   144,232   —   —   —   144,232 Equity:                     Era Group Inc. stockholders’ equity:                     Class B common stock, $0.01 par value, 60,000,000 shares authorized; 24,500,000 issued and outstanding   245   —   —   —   245 Additional paid-in capital   278,838   109,674   496   (110,170 )   278,838 Accumulated deficit   (4,025 )   (4,217 )   (82 )   4,299   (4,025 ) Accumulated other comprehensive income, net of tax   20   20   —   (20 )   20     275,078   105,477   414   (105,891 )   275,078 Noncontrolling interest in subsidiary   —   207   —   —   207 Total equity   275,078   105,684   414   (105,891 )   275,285 Total Liabilities and Stockholders’ Equity   $ 674,240   $ 935,514   $ 11,464   $ (683,654 )   $ 937,564 Supplemental Condensed Consolidating Statement of Operations for the Three Months Ended September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Operating Revenues   $ —   $ 80,701   $ 296   $ —   $ 80,997 Costs and Expenses:                     Operating   —   51,142   196   —   51,338 Administrative and general   1,665   8,016   2   —   9,683 Depreciation   —   11,167   173     11,340     1,665   70,325   371   —   72,361 Gains on Asset Dispositions, Net   —   2,560   —   —   2,560 Operating Income (Loss)   (1,665 )   12,936   (75 )   —   11,196 Other Income (Expense):                     Interest income   28   127   —   —   155 Interest expense   (4,143 )   (251 )   —   —   (4,394 ) Intercompany interest   8,072   (7,916 )   (156 )   —   — Derivative losses, net   —   (96 )   —   —   (96 ) Foreign currency gains, net   1   408   —   —   409 Other, net   7   —   —   —   7     3,965   (7,728 )   (156 )   —   (3,919 ) Income (Loss) Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies and Subsidiaries   2,300   5,208   (231 )   —   7,277 Income Tax Expense   726   1,989   —     2,715 Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies and Subsidiaries   1,574   3,219   (231 )   —   4,562 Equity in Earnings of 50% or Less Owned Companies, Net of Tax   —   526   —   —   526 Equity in Earnings (Losses) of Subsidiaries   3,514   —   —   (3,514 )   — Net Income (Loss)   5,088   3,745   (231 )   (3,514 )   5,088 Net Loss Attributable to Noncontrolling Interest in Subsidiary   —   116   —   —   116 Net Income (Loss) Attributable to Era Group Inc.   5,088   3,861   (231 )   (3,514 )   5,204 Net Income (Loss) Attributable to Common Shares   $ 5,088   $ 3,861   $ (231 )   $ (3,514 )   $ 5,204 Supplemental Condensed Consolidating Statement of Operations for the Nine Months Ended September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Operating Revenues   $ —   $ 221,986   $ 975   $ —   $ 222,961 Costs and Expenses:                     Operating   —   140,766   633   —   141,399 Administrative and general   4,563   23,796   3   —   28,362 Depreciation   —   33,914   518   —   34,432     4,563   198,476   1,154   —   204,193 Gains on Asset Dispositions, Net   —   17,837   —   —   17,837 Operating Income (Loss)   (4,563 )   41,347   (179 )   —   36,605 Other Income (Expense):                     Interest income   63   387   2   —   452 Interest expense   (13,000 )   (739 )   —   —   (13,739 ) Intercompany interest   24,573   (24,098 )   (475 )   —   — SEACOR management fees   (168 )   —   —   —   (168 ) Derivative losses, net   —   (78 )   —   —   (78 ) Foreign currency gains, net   —   465   —   —   465 Other, net   13   6   —   —   19     11,481   (24,057 )   (473 )   —   (13,049 ) Income (Loss) Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies and Subsidiaries   6,918   17,290   (652 )   —   23,556 Income Tax Expense   1,015   7,676   —   —   8,691 Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies and Subsidiaries   5,903   9,614   (652 )   —   14,865 Equity in Earnings of 50% or Less Owned Companies, Net of Tax   —   1,762   —   —   1,762 Equity in Earnings (Losses) of Subsidiaries   10,724   —   —   (10,724 )   — Net Income (Loss)   16,627   11,376   (652 )   (10,724 )   16,627 Net Loss Attributable to Noncontrolling Interest in Subsidiary   —   326   —   —   326 Net Income (Loss) Attributable to Era Group Inc.   16,627   11,702   (652 )   (10,724 )   16,953 Accretion of Redemption Value on Series A Preferred Stock   721   —   —   —   721 Net Income (Loss) Attributable to Common Shares   $ 15,906   $ 11,702   $ (652 )   $ (10,724 )   $ 16,232 Supplemental Condensed Consolidating Statement of Operations for the Three Months Ended September 30, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Operating Revenues   $ —   $ 77,989   $ —   $ —   $ 77,989 Costs and Expenses:                     Operating   —   46,235   —   —   46,235 Administrative and general   397   9,941   —   —   10,338 Depreciation   —   10,937   —   —   10,937     397   67,113   —   —   67,510 Gains on Asset Dispositions, Net   —   613   —   —   613 Operating Income (Loss)   (397 )   11,489   —   —   11,092 Other Income (Expense):                     Interest income   10   174   —   —   184 Interest expense   (2,269 )   (274 )   —   —   (2,543 ) Intercompany interest   4,765   (4,765 )   —   —   — SEACOR management fees   —   (500 )   —   —   (500 ) Derivative losses, net   —   (188 )   —   —   (188 ) Foreign currency losses, net   —   (272 )   —   —   (272 )     2,506   (5,825 )   —   —   (3,319 ) Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies and Subsidiaries   2,109   5,664   —   —   7,773 Income Tax Expense   765   2,027   —   —   2,792 Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies and Subsidiaries   1,344   3,637   —   —   4,981 Equity in Earnings of 50% or Less Owned Companies, Net of Tax   —   219   —   —   219 Equity in Earnings (Losses) of Subsidiaries   3,856   —   —   (3,856 )   — Net Income Attributable to Era Group Inc.   5,200   3,856   —   (3,856 )   5,200 Accretion of Redemption Value on Series A Preferred Stock   2,099   —   —   —   2,099 Net Income Attributable to Common Shares   $ 3,101   $ 3,856   $ —   $ (3,856 )   $ 3,101 Supplemental Condensed Consolidating Statement of Operations for the Nine Months Ended September 30, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Operating Revenues   $ —   $ 202,026   $ —   $ —   $ 202,026 Costs and Expenses:                     Operating   —   124,913   —   —   124,913 Administrative and general   3,305   23,904   1   —   27,210 Depreciation   —   31,031   —   —   31,031     3,305   179,848   1   —   183,154 Gains on Asset Dispositions, Net   —   3,455   —   —   3,455 Operating Income (Loss)   (3,305 )   25,633   (1 )   —   22,327 Other Income (Expense):                     Interest income   60   705   —   —   765 Interest expense   (6,041 )   (850 )   —   —   (6,891 ) Intercompany interest   12,774   (12,774 )   —   —   — SEACOR management fees   (1,000 )   (500 )   —   —   (1,500 ) Derivative losses, net   —   (492 )   —   —   (492 ) Foreign currency gains, net   —   633   —   —   633 Other, net   —   30   —   —   30     5,793   (13,248 )   —   —   (7,455 ) Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies and Subsidiaries   2,488   12,385   (1 )   —   14,872 Income Tax Expense   1,100   4,112   —   —   5,212 Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies and Subsidiaries   1,388   8,273   (1 )   —   9,660 Equity in Losses of 50% or Less Owned Companies, Net of Tax   —   (5,444 )   —   —   (5,444 ) Equity in Earnings (Losses) of Subsidiaries   2,828   —   —   (2,828 )   — Net Income (Loss) Attributable to Era Group Inc.   4,216   2,829   (1 )   (2,828 )   4,216 Accretion of Redemption Value on Series A Preferred Stock   6,334   —   —   —   6,334 Net Income (Loss) Attributable to Common Shares   $ (2,118 )   $ 2,829   $ (1 )   $ (2,828 )   $ (2,118 ) Supplemental Statement of Comprehensive Income (Loss) for the Three Months Ended September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Income (Loss)   $ 5,088   $ 3,745   $ (231 )   $ (3,514 )   $ 5,088 Other Comprehensive Income:                     Foreign currency translation adjustments   234   234   —   (234 )   234 Income tax expense   (82 )   (82 )   —   82   (82 )     152   152   —   (152 )   152 Comprehensive Income (Loss)   5,240   3,897   (231 )   (3,666 )   5,240 Comprehensive Loss Attributable to Noncontrolling Interest in Subsidiary   116   116   —   (116 )   116 Comprehensive Income (Loss) Attributable to Era Group Inc.   $ 5,356   $ 4,013   $ (231 )   $ (3,782 )   $ 5,356 Supplemental Statement of Comprehensive Income (Loss) for the Nine Months Ended September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Income (Loss)   $ 16,627   $ 11,376   $ (652 )   $ (10,724 )   $ 16,627 Other Comprehensive Income:                     Foreign currency translation adjustments   135   135   —   (135 )   135 Income tax expense   (47 )   (47 )   —   47   (47 )     88   88   —   (88 )   88 Comprehensive Income (Loss)   16,715   11,464   (652 )   (10,812 )   16,715 Comprehensive Loss Attributable to Noncontrolling Interest in Subsidiary   326   326   —   (326 )   326 Comprehensive Income (Loss) Attributable to Era Group Inc.   $ 17,041   $ 11,790   $ (652 )   $ (11,138 )   $ 17,041 Supplemental Statement of Comprehensive Income for the Three Months Ended September 30, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Income   $ 5,200   $ 3,856   $ —   $ (3,856 )   $ 5,200 Other Comprehensive Income:                     Foreign currency translation adjustments   112   112   —   (112 )   112 Income tax expense   (39 )   (39 )   —   39   (39 )     73   73   —   (73 )   73 Comprehensive Income Attributable to Era Group Inc.   $ 5,273   $ 3,929   $ —   $ (3,929 )   $ 5,273 Supplemental Statement of Comprehensive Income (Loss) for the Nine Months Ended September 30, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Income (Loss)   $ 4,216   $ 2,829   $ (1 )   $ (2,828 )   $ 4,216 Other Comprehensive Income:                   — Foreign currency translation adjustments   798   798   —   (798 )   798 Income tax expense   (279 )   (279 )   —   279   (279 )     519   519   —   (519 )   519 Comprehensive Income (Loss) Attributable to Era Group Inc.   $ 4,735   $ 3,348   $ (1 )   $ (3,347 )   $ 4,735 Supplemental Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2013     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Cash Provided by Operating Activities   $ 44,264   $ 3,659   $ 476   $ —   $ 48,399 Cash Flows from Investing Activities:                     Purchases of property and equipment   —   (48,223 )   —   —   (48,223 ) Proceeds from disposition of property and equipment   —   59,976   —   —   59,976 Principal payments on notes due from equity investees   —   856   —   —   856 Principal payments on third party notes receivable, net   —   592   —   —   592 Net increase in escrow deposits   —   (9,900 )   —   —   (9,900 ) Net cash provided by investing activities   —   3,301   —   —   3,301 Cash Flows from Financing Activities:                   Proceeds from issuance of long-term debt   15,000   —   —   —   15,000 Payments on long-term debt   (50,000 )   (2,091 )   —   —   (52,091 ) Dividends paid on Series A preferred stock   (4,953 )   —   —   —   (4,953 ) Proceeds and tax benefits from share award plans   527   —   —   —   527 Settlement of SEACOR options with Era Group options   706   —   —   —   706 Net cash used in financing activities   (38,720 )   (2,091 )   —   —   (40,811 ) Effects of Exchange Rate Changes on Cash and Cash Equivalents   88   35   —   —   123 Net Increase in Cash and Cash Equivalents   5,632   4,904   476   —   11,012 Cash and Cash Equivalents, Beginning of Year   2,258   8,558   689   —   11,505 Cash and Cash Equivalents, End of Year   $ 7,890   $ 13,462   $ 1,165   $ —   $ 22,517 Supplemental Condensed Consolidating Statement of Cash Flows for the Nine Months Ended September 30, 2012     Parent Company Only   Guarantor Subsidiaries   Non-Guarantor Subsidiaries   Eliminations   Consolidated     (in thousands) Net Cash (Used in) Provided by Operating Activities   $ (95,404 )   $ 77,513   $ 10,800   $ —   $ (7,091 ) Cash Flows from Investing Activities:                     Purchases of property and equipment   —   (91,155 )   —   —   (91,155 ) Proceeds from disposition of property and equipment   —   4,887   —   —   4,887 Cash settlements on derivative transactions, net   —   (307 )   —   —   (307 ) Investments in and advances to 50% or less owned companies   —   (11,857 )   —   —   (11,857 ) Principal payments on notes due from equity investees   —   2,725   —   —   2,725 Principal payments on third party notes receivable, net   —   832   —   —   832 Investment in subsidiary with noncontrolling interest   —   10,789   (10,789 )   —   — Net cash used in investing activities   —   (84,086 )   (10,789 )   —   (94,875 ) Cash Flows from Financing Activities:                   Proceeds from issuance of long-term debt   38,000   —   —   —   38,000 Payments on long-term debt   (100,000 )   (2,090 )   —   —   (102,090 ) Dividends paid to parent   (4,447 )   —   —   —   (4,447 ) Intercompany debt, net   100,000   —   —   —   100,000 Net cash provided by (used in) financing activities   33,553   (2,090 )   —   —   31,463 Effects of Exchange Rate Changes on Cash and Cash Equivalents   593   20   —   —   613 Net (Decrease) Increase in Cash and Cash Equivalents   (61,258 )   (8,643 )   11   —   (69,890 ) Cash and Cash Equivalents, Beginning of Year   63,044   16,078   —   —   79,122 Cash and Cash Equivalents, End of Year   $ 1,786   $ 7,435   $ 11   $ —   $ 9,232