Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 312,297 $ 286,208
Restricted cash 2,455 7,423
Accounts receivable, net of allowance of $175 and $181, respectively 246,299 217,102
Inventories 137,167 132,727
Prepaid expenses and other current assets 56,289 50,828
Total current assets 754,507 694,288
Property and equipment, net of accumulated depreciation of $379,756 and $341,888, respectively 1,183,721 1,152,668
Investment in unconsolidated affiliates 24,584 23,852
Right-of-use assets 225,400 241,666
Other assets 194,361 198,787
Total assets 2,382,573 2,311,261
Current liabilities:    
Accounts payable 76,493 86,286
Accrued wages, benefits and related taxes 53,396 68,654
Income taxes payable and other accrued taxes 15,490 22,759
Deferred revenue 30,175 22,440
Accrued maintenance and repairs 26,516 28,793
Current portion of operating lease liabilities 68,369 77,038
Accrued interest and other accrued liabilities 36,038 31,317
Current maturities of long-term debt 27,419 27,943
Total current liabilities 333,896 365,230
Long-term debt, less current maturities 718,061 643,511
Other liabilities and deferred credits 40,711 31,782
Deferred taxes 44,839 46,571
Long-term operating lease liabilities 155,898 164,544
Total liabilities 1,293,405 1,251,638
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.01 par value, 110,000 authorized; 33,062 and 32,357 issued, respectively, and 29,642 and 29,177 outstanding, respectively 332 325
Additional paid-in capital 771,022 762,520
Retained earnings 468,366 441,739
Treasury stock, at cost; 3,420 and 3,180 shares, respectively (98,165) (87,129)
Accumulated other comprehensive loss (52,290) (57,750)
Total Bristow Group Inc. stockholders’ equity 1,089,265 1,059,705
Noncontrolling interests (97) (82)
Total stockholders’ equity 1,089,168 1,059,623
Total liabilities and stockholders’ equity $ 2,382,573 $ 2,311,261