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SEC Filings

10-Q
BRISTOW GROUP INC filed this Form 10-Q on 08/03/2017
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BRISTOW GROUP INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)

Supplemental Condensed Consolidating Statement of Operations
Three Months Ended June 30, 2017
 
 
Parent
Company
Only
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
Revenue:
 
 
 
 
 
 
 
 
 
 
Gross revenue
 
$

 
$
45,775

 
$
306,334

 
$

 
$
352,109

Intercompany revenue
 

 
32,191

 

 
(32,191
)
 

 
 

 
77,966

 
306,334

 
(32,191
)
 
352,109

Operating expense:
 
 
 
 
 
 
 
 
 
 
Direct cost and reimbursable expense
 
6

 
52,334

 
245,437

 

 
297,777

Intercompany expenses
 

 

 
32,191

 
(32,191
)
 

Depreciation and amortization
 
2,917

 
12,483

 
15,656

 

 
31,056

General and administrative
 
19,107

 
5,762

 
21,838

 

 
46,707

 
 
22,030

 
70,579

 
315,122

 
(32,191
)
 
375,540

 
 
 
 
 
 
 
 
 
 
 
Loss on impairment
 

 
(1,192
)
 

 

 
(1,192
)
Gain on disposal of assets
 

 
416

 
283

 

 
699

Earnings from unconsolidated affiliates, net of losses
 
(20,645
)
 

 
(665
)
 
20,645

 
(665
)
Operating income (loss)
 
(42,675
)
 
6,611

 
(9,170
)
 
20,645

 
(24,589
)
Interest expense, net
 
(9,058
)
 
(5,780
)
 
(1,183
)
 

 
(16,021
)
Other income (expense), net
 
(29
)
 
(357
)
 
(1,259
)
 

 
(1,645
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before (provision) benefit for income taxes
 
(51,762
)
 
474

 
(11,612
)
 
20,645

 
(42,255
)
Allocation of consolidated income taxes
 
(3,502
)
 
(4,160
)
 
(5,829
)
 

 
(13,491
)
Net loss
 
(55,264
)
 
(3,686
)
 
(17,441
)
 
20,645

 
(55,746
)
Net (income) loss attributable to noncontrolling interests
 
(11
)
 

 
482

 

 
471

Net loss attributable to Bristow Group
 
$
(55,275
)
 
$
(3,686
)
 
$
(16,959
)
 
$
20,645

 
$
(55,275
)



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