Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.3
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 58,909 $ 54,610 $ 165,682 $ 169,660
Costs and expenses:        
Operating 39,522 36,513 115,038 114,505
Administrative and general 9,142 8,837 26,912 35,714
Depreciation and amortization 9,312 9,541 28,282 30,011
Total costs and expenses 57,976 54,891 170,232 180,230
Gains (losses) on asset dispositions, net 754 (148) 562 2,269
Litigation settlement proceeds 0 42,000 0 42,000
Operating income (loss) 1,687 41,571 (3,988) 33,699
Other income (expense):        
Interest income 956 732 2,642 1,224
Interest expense (3,464) (3,549) (10,357) (11,646)
Loss on sale of investments 0 0 (569) 0
Foreign currency losses, net (718) (94) (574) (1,095)
Gains (losses) on debt extinguishment 0 0 (13) 175
Other, net (5) 15 (25) 21
Total other income (expense) (3,231) (2,896) (8,896) (11,321)
Income (loss) before income taxes and equity earnings (1,544) 38,675 (12,884) 22,378
Income tax expense 515 7,861 321 4,549
Income (loss) before equity earnings (2,059) 30,814 (13,205) 17,829
Equity earnings, net of tax 0 465 9,935 1,577
Net income (loss) (2,059) 31,279 (3,270) 19,406
Net loss attributable to noncontrolling interest in subsidiary 149 10 357 310
Net income (loss) attributable to Era Group Inc. $ (1,910) $ 31,289 $ (2,913) $ 19,716
Income (loss) per common share, basic and diluted (in dollars per shares) $ (0.09) $ 1.44 $ (0.14) $ 0.91
Weighted average common shares outstanding:        
Basic (in shares) 20,625,408 21,215,576 21,129,722 21,139,212
Diluted (in shares) 20,629,328 21,239,189 21,131,029 21,156,466
Operating revenues        
Revenues:        
Total revenues $ 54,659 $ 51,894 $ 153,569 $ 161,116
Dry-leasing revenues        
Revenues:        
Total revenues $ 4,250 $ 2,716 $ 12,113 $ 8,544