Bristow Group Inc

For the period ended Dec 31, 2023. Filed Mar 6, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 6, 2024

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Contents

Consolidated Balance Sheets

	December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$180,265	$160,029
Restricted cash	3,397	3,654
Accounts receivables, net	234,620	215,131
Inventories	99,863	81,886
Prepaid expenses and other current assets	45,438	32,425
Total current assets	563,583	493,125
Property and equipment, net	927,766	915,251
Investment in unconsolidated affiliates	19,890	17,000
Right-of-use assets	287,939	240,977
Other assets	138,100	145,648
Total assets	$1,937,278	$1,812,001
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$87,885	$89,610
Accrued wages, benefits and related taxes	52,685	45,206
Income taxes payable and other accrued taxes	8,176	6,651
Deferred revenue	20,334	14,300
Accrued maintenance and repairs	24,545	19,654
Current portion of operating lease liabilities	75,288	76,261
Accrued interest and other accrued liabilities	27,629	22,252
Current maturities of long-term debt	13,247	11,656
Total current liabilities	309,789	285,590
Long-term debt, less current maturities	534,823	499,765
Accrued pension liabilities	87	20,089
Other liabilities and deferred credits	11,733	5,030
Deferred taxes	42,710	48,633
Long-term operating lease liabilities	214,957	165,955
Total liabilities	1,114,099	1,025,062
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.01 par value, 110,000 authorized; 28,310 and 28,009 outstanding as of December 31, 2023 and 2022, respectively	311	306
Additional paid-in capital	725,773	709,319
Retained earnings	217,968	224,748
Treasury stock, at cost; 2,566 and 2,456 shares as of December 31, 2023 and 2022, respectively	(65,722)	(63,009)
Accumulated other comprehensive loss	(54,643)	(84,057)
Total Bristow Group Inc. stockholders’ equity	823,687	787,307
Noncontrolling interests	(508)	(368)
Total stockholders’ equity	823,179	786,939
Total liabilities and stockholders’ equity	$1,937,278	$1,812,001

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.