Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 245,505 $ 247,503
Restricted cash 5,200 3,778
Accounts receivable, net of allowance of $48 and $42, respectively 233,639 211,590
Inventories 135,379 114,509
Prepaid expenses and other current assets 58,619 42,078
Total current assets 678,342 619,458
Property and equipment, net of accumulated depreciation of $327,664 and $273,481, respectively 1,145,399 1,076,221
Investment in unconsolidated affiliates 23,304 22,424
Right-of-use assets 251,371 264,270
Other assets 171,336 142,873
Total assets 2,269,752 2,125,246
Current liabilities:    
Accounts payable 90,838 83,462
Accrued wages, benefits and related taxes 52,619 54,406
Income taxes payable and other accrued taxes 30,449 16,229
Deferred revenue 26,001 15,186
Accrued maintenance and repairs 27,928 30,698
Current portion of operating lease liabilities 80,118 78,359
Accrued interest and other accrued liabilities 25,203 28,946
Current maturities of long-term debt 22,147 18,614
Total current liabilities 355,303 325,900
Long-term debt, less current maturities 652,807 671,169
Other liabilities and deferred credits 28,150 8,937
Deferred taxes 27,806 39,019
Long-term operating lease liabilities 169,537 188,949
Total liabilities 1,233,603 1,233,974
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 28,920 and 28,628 outstanding, respectively 321 315
Additional paid-in capital 756,161 742,072
Retained earnings 423,316 312,765
Treasury stock, at cost; 2,978 and 2,692 shares, respectively (78,915) (69,776)
Accumulated other comprehensive loss (64,399) (93,669)
Total Bristow Group Inc. stockholders’ equity 1,036,484 891,707
Noncontrolling interests (335) (435)
Total stockholders’ equity 1,036,149 891,272
Total liabilities and stockholders’ equity $ 2,269,752 $ 2,125,246