Print Page  |  Close Window

SEC Filings

8-K
BRISTOW GROUP INC filed this Form 8-K on 08/02/2018
Entire Document
 << Previous Page | Next Page >>
        

BRISTOW GROUP INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
 
June 30, 
 2018
 
March 31,  
 2018
ASSETS
Current assets:
 
 
 
 
Cash and cash equivalents
 
$
316,550

 
$
380,223

Accounts receivable from non-affiliates
 
246,886

 
233,386

Accounts receivable from affiliates
 
12,914

 
13,594

Inventories
 
125,681

 
129,614

Assets held for sale
 
23,502

 
30,348

Prepaid expenses and other current assets
 
49,584

 
47,234

Total current assets
 
775,117

 
834,399

Investment in unconsolidated affiliates
 
114,609

 
126,170

Property and equipment – at cost:
 
 
 
 
Land and buildings
 
242,068

 
250,040

Aircraft and equipment
 
2,493,370

 
2,511,131

 
 
2,735,438

 
2,761,171

Less – Accumulated depreciation and amortization
 
(715,496
)
 
(693,151
)
 
 
2,019,942

 
2,068,020

Goodwill
 
19,175

 
19,907

Other assets
 
118,955

 
116,506

Total assets
 
$
3,047,798

 
$
3,165,002

 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
 
 
 
 
Accounts payable
 
$
100,299

 
$
101,270

Accrued wages, benefits and related taxes
 
49,030

 
62,385

Income taxes payable
 
6,142

 
8,453

Other accrued taxes
 
8,573

 
7,378

Deferred revenue
 
18,729

 
15,833

Accrued maintenance and repairs
 
30,440

 
28,555

Accrued interest
 
16,388

 
16,345

Other accrued liabilities
 
51,325

 
65,978

Short-term borrowings and current maturities of long-term debt
 
53,723

 
56,700

Total current liabilities
 
334,649

 
362,897

Long-term debt, less current maturities
 
1,410,083

 
1,429,834

Accrued pension liabilities
 
30,526

 
37,034

Other liabilities and deferred credits
 
32,302

 
36,952

Deferred taxes
 
114,645

 
115,192

 
 
 
 
 
Stockholders’ investment:
 
 
 
 
Common stock
 
385

 
382

Additional paid-in capital
 
856,826

 
852,565

Retained earnings
 
759,929

 
793,783

Accumulated other comprehensive loss
 
(313,918
)
 
(286,094
)
Treasury shares
 
(184,796
)
 
(184,796
)
Total Bristow Group stockholders’ investment
 
1,118,426

 
1,175,840

Noncontrolling interests
 
7,167

 
7,253

Total stockholders’ investment
 
1,125,593

 
1,183,093

Total liabilities and stockholders’ investment
 
$
3,047,798

 
$
3,165,002


8

 << Previous Page | Next Page >>