Bristow Group Inc

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 6, 2024

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

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Contents

Condensed Consolidated Balance Sheets

	September 30,2024	December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$200,349	$180,265
Restricted cash	8,232	3,397
Accounts receivable, net of allowance of $48 and $77, respectively	233,563	234,620
Inventories	111,380	99,863
Prepaid expenses and other current assets	40,843	45,438
Total current assets	594,367	563,583
Property and equipment, net of accumulated depreciation of $272,092 and $232,107, respectively	1,048,517	927,766
Investment in unconsolidated affiliates	20,830	19,890
Right-of-use assets	279,319	287,939
Other assets	145,276	138,100
Total assets	$2,088,309	$1,937,278
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$92,883	$87,885
Accrued wages, benefits and related taxes	48,951	52,685
Income taxes payable and other accrued taxes	22,503	8,176
Deferred revenues	19,976	20,334
Accrued maintenance and repairs	23,160	24,545
Current portion of operating lease liabilities	78,134	75,288
Accrued interest and other accrued liabilities	21,713	27,629
Current maturities of long-term debt	16,860	13,247
Total current liabilities	324,180	309,789
Long-term debt, less current maturities	612,206	534,823
Other liabilities and deferred credits	14,800	11,820
Deferred taxes	38,012	42,710
Long-term operating lease liabilities	200,351	214,957
Total liabilities	$1,189,549	$1,114,099
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.01 par value, 110,000 authorized; 28,628 and 28,310 outstanding, respectively	315	311
Additional paid-in capital	737,541	725,773
Retained earnings	280,972	217,968
Treasury stock, at cost; 2,692 and 2,566 shares, respectively	(69,776)	(65,722)
Accumulated other comprehensive loss	(49,882)	(54,643)
Total Bristow Group Inc. stockholders’ equity	899,170	823,687
Noncontrolling interests	(410)	(508)
Total stockholders’ equity	898,760	823,179
Total liabilities and stockholders’ equity	$2,088,309	$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.