Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Total Revenues $ 376,429 $ 359,749 $ 726,959 $ 696,843
Operating expenses        
Personnel 88,729 77,913 176,040 162,111
Repairs and maintenance 64,788 69,143 126,103 134,866
Insurance 6,149 6,212 12,983 12,863
Fuel 20,399 22,876 39,274 44,510
Leased-in equipment 26,515 25,449 52,564 51,688
Other 71,911 52,040 128,712 102,650
Total operating expenses 278,491 253,633 535,676 508,688
General and administrative expenses 44,375 44,933 87,475 88,280
Depreciation and amortization expense 17,312 16,848 34,153 34,017
Total costs and expenses 340,178 315,414 657,304 630,985
Gains (losses) on disposal of assets 6,209 (224) 5,651 (337)
Earnings from unconsolidated affiliates 180 651 882 2,070
Operating income 42,640 44,762 76,188 67,591
Interest income 2,039 2,142 4,157 4,126
Interest expense, net (10,034) (9,385) (19,524) (18,857)
Other, net 17,577 (83) 28,965 (6,284)
Total other income (expense), net 9,582 (7,326) 13,598 (21,015)
Income before income taxes 52,222 37,436 89,786 46,576
Income tax expense (20,443) (9,245) (30,626) (11,753)
Net income 31,779 28,191 59,160 34,823
Net income attributable to noncontrolling interests (31) (34) (53) (61)
Net income attributable to Bristow Group Inc. $ 31,748 $ 28,157 $ 59,107 $ 34,762
Earnings per common share:        
Basic (in dollars per share) $ 1.10 $ 0.99 $ 2.06 $ 1.22
Diluted (in dollars per share) $ 1.07 $ 0.96 $ 1.98 $ 1.19
Weighted average shares of common stock outstanding:        
Basic (in shares) 28,824 28,476 28,746 28,404
Diluted (in shares) 29,788 29,462 29,826 29,334