Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 286,208 $ 247,503
Restricted cash 7,423 3,778
Accounts receivable, net 217,102 211,590
Inventories 132,727 114,509
Prepaid expenses and other current assets 50,828 42,078
Total current assets 694,288 619,458
Property and equipment, net 1,152,668 1,076,221
Investment in unconsolidated affiliates 23,852 22,424
Right-of-use assets 241,666 264,270
Other assets 198,787 142,873
Total assets 2,311,261 2,125,246
Current liabilities:    
Accounts payable 86,286 83,462
Accrued wages, benefits and related taxes 68,654 54,406
Income taxes payable and other accrued taxes 22,759 16,229
Deferred revenue 22,440 15,186
Accrued maintenance and repairs 28,793 30,698
Current portion of operating lease liabilities 77,038 78,359
Accrued interest and other accrued liabilities 31,317 28,946
Current maturities of long-term debt 27,943 18,614
Total current liabilities 365,230 325,900
Long-term debt, less current maturities 643,511 671,169
Other liabilities and deferred credits 31,782 8,937
Deferred taxes 46,571 39,019
Long-term operating lease liabilities 164,544 188,949
Total liabilities 1,251,638 1,233,974
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 32,357 and 31,320 shares issued, respectively, and 29,177 and 28,628 outstanding as of December 31, 2025 and 2024, respectively 325 315
Additional paid-in capital 762,520 742,072
Retained earnings 441,739 312,765
Treasury stock, at cost; 3,180 and 2,692 shares as of December 31, 2025 and 2024, respectively (87,129) (69,776)
Accumulated other comprehensive loss (57,750) (93,669)
Total Bristow Group Inc. stockholders’ equity 1,059,705 891,707
Noncontrolling interests (82) (435)
Total stockholders’ equity 1,059,623 891,272
Total liabilities and stockholders’ equity $ 2,311,261 $ 2,125,246
Common stock, shares outstanding (in shares) 29,177 28,628