| Schedule of revenue by segment |
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s condensed consolidated financial statements (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
Three Months Ended June 30, 2020 |
|
|
Three Months Ended June 30, 2019 |
Region revenue from external customers: |
|
|
|
|
|
Europe Caspian |
|
$ |
166,993 |
|
|
|
$ |
188,594 |
|
Africa |
|
31,722 |
|
|
|
49,516 |
|
Americas |
|
59,114 |
|
|
|
56,990 |
|
Asia Pacific |
|
12,258 |
|
|
|
37,811 |
|
Corporate and other |
|
106 |
|
|
|
265 |
|
Total region revenue (1)
|
|
$ |
270,193 |
|
|
|
$ |
333,176 |
|
Intra-region revenue: |
|
|
|
|
|
Europe Caspian |
|
$ |
2 |
|
|
|
$ |
1,044 |
|
Africa |
|
— |
|
|
|
122 |
|
Americas |
|
342 |
|
|
|
1,311 |
|
Asia Pacific |
|
— |
|
|
|
44 |
|
Corporate and other |
|
— |
|
|
|
— |
|
Total intra-region revenue |
|
$ |
344 |
|
|
|
$ |
2,521 |
|
Consolidated revenue: |
|
|
|
|
|
Europe Caspian |
|
$ |
166,995 |
|
|
|
$ |
189,638 |
|
Africa |
|
31,722 |
|
|
|
49,638 |
|
Americas |
|
59,456 |
|
|
|
58,301 |
|
Asia Pacific |
|
12,258 |
|
|
|
37,855 |
|
Corporate and other |
|
106 |
|
|
|
265 |
|
Intra-region eliminations |
|
(344 |
) |
|
|
(2,521 |
) |
Total consolidated revenue (1)
|
|
$ |
270,193 |
|
|
|
$ |
333,176 |
|
_____________
(1) The above table represents disaggregated revenue from contracts with customers except for the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
Three Months Ended June 30, 2020 |
|
|
Three Months Ended June 30, 2019 |
Region revenue from external customers: |
|
|
|
|
|
Europe Caspian |
|
$ |
342 |
|
|
|
$ |
304 |
|
Africa |
|
— |
|
|
|
— |
|
Americas |
|
9,011 |
|
|
|
7,983 |
|
Asia Pacific |
|
74 |
|
|
|
81 |
|
Corporate and other |
|
1,361 |
|
|
|
— |
|
Total region revenue |
|
$ |
10,788 |
|
|
|
$ |
8,368 |
|
|
| Operating Performance and Total Assets by Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
|
Three Months Ended June 30, 2020 |
|
|
Three Months Ended June 30, 2019 |
Earnings from unconsolidated affiliates, net of losses – equity method investments: |
|
|
|
|
|
Europe Caspian |
|
$ |
25 |
|
|
|
$ |
171 |
|
Americas |
|
(2,003 |
) |
|
|
2,176 |
|
Total earnings from unconsolidated affiliates, net of losses – equity method investments |
|
$ |
(1,978 |
) |
|
|
$ |
2,347 |
|
|
|
|
|
|
|
Consolidated operating income (loss): |
|
|
|
|
|
Europe Caspian |
|
$ |
27,312 |
|
|
|
$ |
11,807 |
|
Africa |
|
4,849 |
|
|
|
7,745 |
|
Americas |
|
(13,002 |
) |
|
|
3,568 |
|
Asia Pacific |
|
(1,528 |
) |
|
|
(12,434 |
) |
Corporate and other |
|
(37,032 |
) |
|
|
(28,641 |
) |
Gain (loss) on disposal of assets |
|
5,522 |
|
|
|
(3,787 |
) |
Total consolidated operating income (loss) |
|
$ |
(13,879 |
) |
|
|
$ |
(21,742 |
) |
|
|
|
|
|
|
Depreciation and amortization: |
|
|
|
|
|
Europe Caspian |
|
$ |
8,212 |
|
|
|
$ |
12,439 |
|
Africa |
|
1,317 |
|
|
|
4,991 |
|
Americas |
|
2,955 |
|
|
|
6,880 |
|
Asia Pacific |
|
2,006 |
|
|
|
3,721 |
|
Corporate and other |
|
1,866 |
|
|
|
3,308 |
|
Total depreciation and amortization |
|
$ |
16,356 |
|
|
|
$ |
31,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
June 30,
2020
|
|
March 31,
2020 |
Identifiable assets: |
|
|
|
|
Europe Caspian |
|
$ |
1,189,661 |
|
|
$ |
1,096,022 |
|
Africa |
|
230,010 |
|
|
235,165 |
|
Americas |
|
605,188 |
|
|
319,015 |
|
Asia Pacific |
|
123,234 |
|
|
166,229 |
|
Corporate and other (2)
|
|
103,698 |
|
|
128,830 |
|
Total identifiable assets |
|
$ |
2,251,791 |
|
|
$ |
1,945,261 |
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated affiliates – equity method investments: |
|
|
|
|
Europe Caspian |
|
$ |
597 |
|
|
$ |
575 |
|
Americas |
|
55,578 |
|
|
76,483 |
|
Total investments in unconsolidated affiliates – equity method investments |
|
$ |
56,175 |
|
|
$ |
77,058 |
|
_____________
(2)
Includes $6.8 million and $7.8 million of construction in progress within property and equipment on the Company’s condensed consolidated balance sheets as of June 30 and March 31, 2020 (Successor) , respectively, which primarily represents aircraft modifications and other miscellaneous equipment, tooling and building improvements currently in progress.
|