Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Operating Revenues $ 298,959 $ 272,921 $ 258,148
Costs and Expenses:      
Operating 186,612 167,195 162,707
Administrative and general 38,924 34,785 31,893
Depreciation 45,561 42,502 42,612
Total costs and expenses 271,097 244,482 237,212
Gains on Asset Dispositions and Impairments, Net 18,301 3,612 15,172
Operating Income 46,163 32,051 36,108
Other Income (Expense):      
Interest income 591 910 738
Interest expense (18,050) (10,648) (1,376)
Interest expense on advances from SEACOR 0 0 (23,410)
SEACOR management fees (168) (2,000) (8,799)
Derivative losses, net (104) (490) (1,326)
Foreign currency gains, net 698 720 516
Other, net 19 30 9
Total Other Nonoperating Income (Expense) (17,014) (11,478) (33,648)
Income Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies 29,149 20,573 2,460
Income Tax Expense (Benefit):      
Current 4,591 (51,213) (17,905)
Deferred 7,136 58,511 18,339
Income Tax Expense (Benefit) 11,727 7,298 434
Income (Loss) Before Equity in Earnings (Losses) of 50% or Less Owned Companies 17,422 13,275 2,026
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 882 (5,528) 82
Net Income 18,304 7,747 2,108
Net Loss Attributable to Noncontrolling Interest in Subsidiary 401 40 0
Net Income Attributable to Era Group Inc. 18,705 7,787 2,108
Accretion of Redemption Value on Series A Preferred Stock 721 8,469 210
Net Income (Loss) Attributable to Common Shares $ 17,984 $ (682) $ 1,898
Earnings (Loss) Per Common Share:      
Basic and Diluted Earnings (Loss) Per Common Share (in dollars per share) $ 0.88 $ (0.03) $ 0.18
Weighted Average Common Shares Outstanding (in shares) 20,489,200 24,500,000 10,270,444