Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 342,069 $ 286,208
Restricted cash 2,456 7,423
Accounts receivable, net of allowance of $180 and $181, respectively 261,463 217,102
Inventories 132,768 132,727
Prepaid expenses and other current assets 52,825 50,828
Total current assets 791,581 694,288
Property and equipment, net of accumulated depreciation of $357,181 and $341,888, respectively 1,147,582 1,152,668
Investment in unconsolidated affiliates 24,358 23,852
Right-of-use assets 245,478 241,666
Other assets 196,285 198,787
Total assets 2,405,284 2,311,261
Current liabilities:    
Accounts payable 80,342 86,286
Accrued wages, benefits and related taxes 61,777 68,654
Income taxes payable and other accrued taxes 28,411 22,759
Deferred revenue 27,689 22,440
Accrued maintenance and repairs 39,409 28,793
Current portion of operating lease liabilities 74,488 77,038
Accrued interest and other accrued liabilities 27,921 31,317
Current maturities of long-term debt 27,404 27,943
Total current liabilities 367,441 365,230
Long-term debt, less current maturities 727,406 643,511
Other liabilities and deferred credits 33,749 31,782
Deferred taxes 47,110 46,571
Long-term operating lease liabilities 170,711 164,544
Total liabilities 1,346,417 1,251,638
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 33,026 and 32,357 issued, respectively, and 29,606 and 29,177 outstanding, respectively 332 325
Additional paid-in capital 766,987 762,520
Retained earnings 451,024 441,739
Treasury stock, at cost; 3,420 and 3,180 shares, respectively (98,157) (87,129)
Accumulated other comprehensive loss (61,196) (57,750)
Total Bristow Group Inc. stockholders’ equity 1,058,990 1,059,705
Noncontrolling interests (123) (82)
Total stockholders’ equity 1,058,867 1,059,623
Total liabilities and stockholders’ equity $ 2,405,284 $ 2,311,261