Bristow Group Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
VTOL$40.23+5.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Operating revenues | $356,426 | $330,252 | $1,038,276 | $934,705 |
| Reimbursable revenues | 8,696 | 7,838 | 23,689 | 24,790 |
| Total revenues | 365,122 | 338,090 | 1,061,965 | 959,495 |
| Costs and expenses: | ||||
| Operating expenses | 262,692 | 240,682 | 756,477 | 708,065 |
| Reimbursable expenses | 8,827 | 7,836 | 23,730 | 24,507 |
| General and administrative expenses | 42,898 | 46,256 | 131,178 | 137,602 |
| Merger and integration costs | — | 738 | — | 1,854 |
| Depreciation and amortization expense | 17,569 | 17,862 | 51,586 | 53,599 |
| Total costs and expenses | 331,986 | 313,374 | 962,971 | 925,627 |
| Gains (losses) on disposal of assets | (626) | 1,179 | (963) | 1,271 |
| Earnings from unconsolidated affiliates | 703 | 3,722 | 2,773 | 6,038 |
| Operating income | 33,213 | 29,617 | 100,804 | 41,177 |
| Interest income | 2,526 | 2,532 | 6,652 | 5,188 |
| Interest expense, net | (9,660) | (10,008) | (28,517) | (30,143) |
| Reorganization items, net | — | (3) | — | (86) |
| Other, net | 10,592 | 4,844 | 4,308 | (11,619) |
| Total other income (expense), net | 3,458 | (2,635) | (17,557) | (36,660) |
| Income before income taxes | 36,671 | 26,982 | 83,247 | 4,517 |
| Income tax expense | (8,392) | (22,637) | (20,145) | (3,334) |
| Net income | 28,279 | 4,345 | 63,102 | 1,183 |
| Net income attributable to noncontrolling interests | (37) | (28) | (98) | (25) |
| Net income attributable to Bristow Group Inc. | $28,242 | $4,317 | $63,004 | $1,158 |
| Earnings per common share: | ||||
| Basic | $0.99 | $0.15 | $2.21 | $0.04 |
| Diluted | $0.95 | $0.15 | $2.14 | $0.04 |
| Weighted average shares of common stock outstanding: | ||||
| Basic | 28,620 | 28,217 | 28,477 | 28,088 |
| Diluted | 29,719 | 28,959 | 29,475 | 28,742 |
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