Bristow Group Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

VTOL$38.27+2.3%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

	June 30,2024	December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$178,561	$180,265
Restricted cash	3,274	3,397
Accounts receivable, net of allowance of $172 and $77, respectively	239,284	234,620
Inventories	103,092	99,863
Prepaid expenses and other current assets	46,366	45,438
Total current assets	570,577	563,583
Property and equipment, net of accumulated depreciation of $254,451 and $232,107, respectively	984,211	927,766
Investment in unconsolidated affiliates	20,501	19,890
Right-of-use assets	264,319	287,939
Other assets	137,647	138,100
Total assets	$1,977,255	$1,937,278
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$83,628	$87,885
Accrued wages, benefits and related taxes	45,535	52,685
Income taxes payable and other accrued taxes	13,953	8,176
Deferred revenues	20,054	20,334
Accrued maintenance and repairs	26,756	24,545
Current portion of operating lease liabilities	74,093	75,288
Accrued interest and other accrued liabilities	26,208	27,629
Current maturities of long-term debt	15,886	13,247
Total current liabilities	306,113	309,789
Long-term debt, less current maturities	578,321	534,823
Other liabilities and deferred credits	15,683	11,820
Deferred taxes	36,923	42,710
Long-term operating lease liabilities	191,546	214,957
Total liabilities	$1,128,586	$1,114,099
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.01 par value, 110,000 authorized; 28,617 and 28,310 outstanding, respectively	315	311
Additional paid-in capital	733,340	725,773
Retained earnings	252,730	217,968
Treasury stock, at cost; 2,688 and 2,566 shares, respectively	(69,648)	(65,722)
Accumulated other comprehensive loss	(67,621)	(54,643)
Total Bristow Group Inc. stockholders’ equity	849,116	823,687
Noncontrolling interests	(447)	(508)
Total stockholders’ equity	848,669	823,179
Total liabilities and stockholders’ equity	$1,977,255	$1,937,278

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.