Bristow Group Inc.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $27,381 | $6,632 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization expense | 20,247 | 20,893 |
| Losses on disposal of assets | 558 | 113 |
| Earnings from unconsolidated affiliates | (702) | (1,419) |
| Deferred income taxes | 2,341 | (1,174) |
| Stock-based compensation expense | 3,548 | 3,519 |
| Amortization of deferred financing fees | 954 | 718 |
| Amortization of deferred contract costs | 1,426 | 836 |
| Increase (decrease) in cash resulting from changes in: | ||
| Accounts receivable | (36,615) | (5,026) |
| Inventory, prepaid expenses and other assets | (25,877) | (13,093) |
| Accounts payable, accrued expenses and other liabilities | 6,136 | 14,680 |
| Net cash provided by (used in) operating activities | (603) | 26,679 |
| Cash flows from investing activities: | ||
| Capital expenditures | (52,060) | (64,562) |
| Proceeds from asset dispositions | 37 | 5 |
| Net cash used in investing activities | (52,023) | (64,557) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings | 5,831 | — |
| Debt issuance costs | (238) | (810) |
| Repayments of debt | (4,795) | (3,282) |
| Exercise of stock options | 2 | — |
| Purchase of treasury stock | (2,495) | (1,016) |
| Net cash used in financing activities | (1,695) | (5,108) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (3,031) | 2,242 |
| Net decrease in cash, cash equivalents and restricted cash | (57,352) | (40,744) |
| Cash, cash equivalents and restricted cash at beginning of period | 251,281 | 183,662 |
| Cash, cash equivalents and restricted cash at end of period | $193,929 | $142,918 |
| Cash paid during the period for: | ||
| Interest | $17,670 | $16,910 |
| Income taxes, net | $12,929 | $6,052 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.