Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 22,290 $ 31,335
Receivables:    
Trade, net of allowance for doubtful accounts of $3,002 and $3,101 in 2014 and 2013, respectively 47,780 38,137
Other, net of allowance for doubtful accounts of $437 and $nil in 2014 and 2013, respectively 4,824 4,374
Inventories, net 26,780 26,853
Deferred income taxes 2,138 2,347
Prepaid expenses and other 3,292 2,167
Escrow deposits 3,048 0
Total current assets 110,152 105,213
Property and Equipment 1,084,199 1,066,958
Accumulated depreciation (273,754) (263,306)
Net property and equipment 810,445 803,652
Investments, at Equity, and Advances to 50% or Less Owned Companies 35,433 34,986
Goodwill 352 352
Other Assets 16,074 14,380
Total Assets 972,456 958,583
Current Liabilities:    
Accounts payable and accrued expenses 13,639 13,293
Accrued wages and benefits 9,583 8,792
Accrued interest 4,624 772
Current portion of long-term debt 2,787 2,787
Derivatives 529 621
Accrued income taxes 781 613
Other current liabilities 4,171 3,267
Total current liabilities 36,114 30,145
Long-Term Debt 278,755 279,391
Deferred Income Taxes 211,479 209,574
Other Liabilities 3,476 3,412
Total liabilities 529,824 522,522
Era Group Inc. stockholders’ equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,328,411 outstanding in 2014 and 20,189,895 outstanding in 2013, exclusive of treasury shares 203 202
Additional paid-in capital 423,728 421,310
Retained earnings 19,125 14,680
Treasury shares, at cost (11,252 and 4,350 in 2014 and 2013, respectively) (334) (113)
Accumulated other comprehensive income, net of tax 175 176
Stockholders' equity attributable to parent, total 442,897 436,255
Noncontrolling interest in subsidiary (265) (194)
Total equity 442,632 436,061
Total Liabilities and Stockholders’ Equity $ 972,456 $ 958,583