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 |
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