SEGMENT INFORMATION

9 Months Ended

Dec. 31, 2014

Segments [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia, and Other International. Additionally, we operate a training business unit, Bristow Academy, and provide technical services to clients in the U.S. and U.K., which are included in Corporate and other.

The following shows business unit information for the three and nine months endedDecember 31, 2014 and 2013 and as of December 31 and March 31, 2014, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):

	Three Months Ended   December 31,						Nine Months Ended   December 31,
	2014			2013			2014			2013
Business unit gross revenue from external clients:
Europe	$	217,818		$	188,968		$	677,822		$	541,420
West Africa	82,937			83,150			248,772			242,019
North America	62,704			55,207			176,395			174,507
Australia	55,027			38,642			159,657			123,106
Other International	32,823			30,825			104,154			96,047
Corporate and other	8,831			15,543			41,514			51,558
Total business unit gross revenue	$	460,140		$	412,335		$	1,408,314		$	1,228,657
Intra-business unit gross revenue:
Europe	$	130		$	—		$	1,193		$	—
West Africa	—			—			—			—
North America	3			2			20			(5		)
Australia	254			—			254			—
Other International	(235		)	—			(227		)	—
Corporate and other	1,284			934			3,177			3,007
Total intra-business unit gross revenue	$	1,436		$	936		$	4,417		$	3,002
Consolidated gross revenue reconciliation:
Europe	$	217,948		$	188,968		$	679,015		$	541,420
West Africa	82,937			83,150			248,772			242,019
North America	62,707			55,209			176,415			174,502
Australia	55,281			38,642			159,911			123,106
Other International	32,588			30,825			103,927			96,047
Corporate and other	10,115			16,477			44,691			54,565
Intra-business unit eliminations	(1,436		)	(936		)	(4,417		)	(3,002		)
Total consolidated gross revenue	$	460,140		$	412,335		$	1,408,314		$	1,228,657

	Three Months Ended   December 31,						Nine Months Ended   December 31,
	2014			2013			2014			2013
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe (1)	$	107		$	758		$	888		$	4,671
North America	100			536			(479		)	640
Other International	(1,208		)	(17,281		)	(33		)	(6,239		)
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	(1,001	)	$	(15,987	)	$	376		$	(928	)
Consolidated operating income (loss) reconciliation:
Europe	$	29,001		$	29,729		$	108,951		$	82,708
West Africa	24,909			21,777			60,596			59,261
North America	14,937			6,666			35,406			23,953
Australia	4,256			(1,027		)	7,496			4,761
Other International	2,887			(12,808		)	16,245			14,288
Corporate and other	(40,743		)	(18,817		)	(84,928		)	(44,612		)
Gain (loss) on disposal of assets	(26,331		)	3,982			(25,594		)	(803		)
Total consolidated operating income	$	8,916		$	29,502		$	118,172		$	139,556
Depreciation and amortization:
Europe	$	8,158		$	7,899		$	28,418		$	23,353
West Africa	3,339			3,494			10,416			10,189
North America	5,233			5,797			16,247			17,993
Australia	3,627			2,362			11,587			6,159
Other International	3,233			3,517			10,321			10,734
Corporate and other	35			586			175			1,904
Total depreciation and amortization	$	23,625		$	23,655		$	77,164		$	70,332

	December 31,   2014		March 31,    2014
Identifiable assets:
Europe	$	832,854	$	932,803
West Africa	389,401		454,161
North America	507,507		487,659
Australia	297,364		260,483
Other International	508,313		579,571
Corporate and other	644,303		683,580
Total identifiable assets (2)	$	3,179,742	$	3,398,257

Investments in unconsolidated affiliates – equity method investments:
Europe	$	—	$	1,067
North America	61,092		61,570
Other International	189,695		193,692
Total investments in unconsolidated affiliates – equity method investments	$	250,787	$	256,329

_____________ 

⁽¹⁾  On November 21, 2014, we sold our 50% interest in HCA. See Note 3 for details. Additionally, on July 14, 2013, we sold our 50% interest in the FB entities. See Note 3 to the fiscal year 2014 Financial Statements for further details on the sale of FB Entities.

⁽²⁾  Includes $420.4 million and $477.9 million ofconstruction in progress within property and equipment on our condensed consolidated balance sheets as of December 31 and March 31, 2014, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.