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
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 40,357 $ 31,335
Receivables:    
Trade, net of allowance for doubtful accounts of $3,073 and $3,101 in 2014 and 2013, respectively 48,307 38,137
Other, net of allowance for doubtful accounts of $437 in 2014 and 2013 1,679 4,374
Inventories, net 27,039 26,853
Deferred income taxes 2,065 2,347
Prepaid expenses and other 1,712 2,167
Escrow deposits 0 0
Total current assets 121,159 105,213
Property and equipment 1,128,510 1,066,958
Accumulated depreciation (296,294) (263,306)
Net property and equipment 832,216 803,652
Equity investments and advances 31,641 34,986
Goodwill 352 352
Other assets 14,794 14,380
Total assets 1,000,162 958,583
Current liabilities:    
Accounts payable and accrued expenses 21,819 13,293
Accrued wages and benefits 9,651 8,792
Accrued interest 4,805 772
Current portion of long-term debt 2,787 2,787
Derivative instruments 1,991 621
Accrued income taxes 1,029 613
Other current liabilities 4,154 3,267
Total current liabilities 46,236 30,145
Long-term debt 277,390 279,391
Deferred income taxes 216,985 209,574
Other liabilities 2,898 3,412
Total liabilities 543,509 522,522
Era Group Inc. stockholders’ equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,371,872 and 20,189,895 outstanding in 2014 and 2013, respectively, exclusive of treasury shares 204 202
Additional paid-in capital 428,530 421,310
Retained earnings 28,612 14,680
Treasury shares, at cost, 18,409 and 4,350 shares in 2014 and 2013, respectively (547) (113)
Accumulated other comprehensive income, net of tax 99 176
Stockholders' equity attributable to parent, total 456,898 436,255
Noncontrolling interest in subsidiary (245) (194)
Total equity 456,653 436,061
Total liabilities and stockholders’ equity $ 1,000,162 $ 958,583