Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 251,771 $ 247,503
Restricted cash 4,083 3,778
Accounts receivable, net of allowance of $47 and $42, respectively 226,692 211,590
Inventories 135,567 114,509
Prepaid expenses and other current assets 52,060 42,078
Total current assets 670,173 619,458
Property and equipment, net of accumulated depreciation of $313,132 and $273,481, respectively 1,163,152 1,076,221
Investment in unconsolidated affiliates 23,306 22,424
Right-of-use assets 259,961 264,270
Other assets 171,434 142,873
Total assets 2,288,026 2,125,246
Current liabilities:    
Accounts payable 109,192 83,462
Accrued wages, benefits and related taxes 49,733 54,406
Income taxes payable and other accrued taxes 21,135 16,229
Deferred revenue 24,262 15,186
Accrued maintenance and repairs 32,948 30,698
Current portion of operating lease liabilities 81,155 78,359
Accrued interest and other accrued liabilities 27,928 28,946
Current maturities of long-term debt 24,779 18,614
Total current liabilities 371,132 325,900
Long-term debt, less current maturities 680,412 671,169
Other liabilities and deferred credits 25,062 8,937
Deferred taxes 49,850 39,019
Long-term operating lease liabilities 177,582 188,949
Total liabilities 1,304,038 1,233,974
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,816 and 28,628 outstanding, respectively 319 315
Additional paid-in capital 750,421 742,072
Retained earnings 371,772 312,765
Treasury stock, at cost; 2,961 and 2,692 shares, respectively (78,274) (69,776)
Accumulated other comprehensive loss (59,868) (93,669)
Total Bristow Group Inc. stockholders’ equity 984,370 891,707
Noncontrolling interests (382) (435)
Total stockholders’ equity 983,988 891,272
Total liabilities and stockholders’ equity $ 2,288,026 $ 2,125,246