Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 191,127 $ 247,503
Restricted cash 2,802 3,778
Accounts receivable, net of allowance of $45 and $42, respectively 253,926 211,590
Inventories 122,936 114,509
Prepaid expenses and other current assets 44,210 42,078
Total current assets 615,001 619,458
Property and equipment, net of accumulated depreciation of $290,376 and $273,481, respectively 1,129,679 1,076,221
Investment in unconsolidated affiliates 23,126 22,424
Right-of-use assets 248,726 264,270
Other assets 155,660 142,873
Total assets 2,172,192 2,125,246
Current liabilities:    
Accounts payable 99,282 83,462
Accrued wages, benefits and related taxes 47,156 54,406
Income taxes payable and other accrued taxes 19,143 16,229
Deferred revenue 23,348 15,186
Accrued maintenance and repairs 26,154 30,698
Current portion of operating lease liabilities 78,323 78,359
Accrued interest and other accrued liabilities 22,088 28,946
Current maturities of long-term debt 19,184 18,614
Total current liabilities 334,678 325,900
Long-term debt, less current maturities 682,764 671,169
Other liabilities and deferred credits 10,586 8,937
Deferred taxes 41,104 39,019
Long-term operating lease liabilities 171,757 188,949
Total liabilities 1,240,889 1,233,974
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,775 and 28,628 outstanding, respectively 317 315
Additional paid-in capital 745,622 742,072
Retained earnings 340,124 312,765
Treasury stock, at cost; 2,770 and 2,692 shares, respectively (72,271) (69,776)
Accumulated other comprehensive loss (82,076) (93,669)
Total Bristow Group Inc. stockholders’ equity 931,716 891,707
Noncontrolling interests (413) (435)
Total stockholders’ equity 931,303 891,272
Total liabilities and stockholders’ equity $ 2,172,192 $ 2,125,246