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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, 2016
 
 
Parent
Company
Only
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
Revenue:
 
 
 
 
 
 
 
 
 
 
Gross revenue
 
$

 
$
45,313

 
$
324,085

 
$

 
$
369,398

Intercompany revenue
 

 
24,291

 

 
(24,291
)
 

 
 

 
69,604

 
324,085

 
(24,291
)
 
369,398

Operating expense:
 
 
 
 
 
 
 
 
 
 
Direct cost and reimbursable expense
 
(257
)
 
48,618

 
253,796

 

 
302,157

Intercompany expenses
 

 

 
24,291

 
(24,291
)
 

Depreciation and amortization
 
2,093

 
16,981

 
15,620

 

 
34,694

General and administrative
 
20,259

 
6,590

 
25,746

 

 
52,595

 
 
22,095

 
72,189

 
319,453

 
(24,291
)
 
389,446

 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on disposal of assets
 

 
(10,227
)
 
210

 

 
(10,017
)
Earnings from unconsolidated affiliates, net of losses
 
(12,776
)
 

 
3,830

 
12,776

 
3,830

Operating income (loss)
 
(34,871
)
 
(12,812
)
 
8,672

 
12,776

 
(26,235
)
Interest expense, net
 
(9,885
)
 
(657
)
 
(344
)
 

 
(10,886
)
Other income (expense), net
 
546

 
1,235

 
(7,970
)
 

 
(6,189
)
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before (provision) benefit for income taxes
 
(44,210
)
 
(12,234
)
 
358

 
12,776

 
(43,310
)
Allocation of consolidated income taxes
 
3,453

 
(2,222
)
 
1,007

 

 
2,238

Net income (loss)
 
(40,757
)
 
(14,456
)
 
1,365

 
12,776

 
(41,072
)
Net (income) loss attributable to noncontrolling interests
 
(15
)
 

 
315

 

 
300

Net income (loss) attributable to Bristow Group
 
$
(40,772
)
 
$
(14,456
)
 
$
1,680

 
$
12,776

 
$
(40,772
)


29

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