SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Sep. 30, 2017

Supplemental Condensed Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2017



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Revenue:
Gross revenue	$	—		$	46,952		$	326,724		$	—		$	373,676
Intercompany revenue	—			31,719			—			(31,719		)	—
	—			78,671			326,724			(31,719		)	373,676
Operating expense:
Direct cost and reimbursable expense	3,263			45,955			250,909			—			300,127
Intercompany expenses	—			—			31,719			(31,719		)	—
Depreciation and amortization	3,016			13,237			15,128			—			31,381
General and administrative	17,880			5,623			25,119			—			48,622
	24,159			64,815			322,875			(31,719		)	380,130

Gain (loss) on disposal of assets	—			10,597			(19,123		)	—			(8,526		)
Earnings from unconsolidated affiliates, net of losses	9,642			—			2,063			(9,642		)	2,063
Operating income (loss)	(14,517		)	24,453			(13,211		)	(9,642		)	(12,917		)
Interest expense, net	(10,636		)	(6,023		)	(1,904		)	—			(18,563		)
Other income (expense), net	(97		)	(399		)	3,054			—			2,558

Income (loss) before (provision) benefit for income taxes	(25,250		)	18,031			(12,061		)	(9,642		)	(28,922		)
Allocation of consolidated income taxes	(5,946		)	(1,945		)	5,417			—			(2,474		)
Net income (loss)	(31,196		)	16,086			(6,644		)	(9,642		)	(31,396		)
Net (income) loss attributable to noncontrolling interests	(13		)	—			200			—			187
Net income (loss) attributable to Bristow Group	$	(31,209	)	$	16,086		$	(6,444	)	$	(9,642	)	$	(31,209	)

Supplemental Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2016



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Revenue:
Gross revenue	$	—		$	42,543		$	314,924		$	—		$	357,467
Intercompany revenue	—			24,323			—			(24,323		)	—
	—			66,866			314,924			(24,323		)	357,467
Operating expense:
Direct cost and reimbursable expense	(374		)	47,858			247,422			—			294,906
Intercompany expenses	—			—			24,323			(24,323		)	—
Depreciation and amortization	2,223			10,805			15,564			—			28,592
General and administrative	17,487			6,490			27,297			—			51,274
	19,336			65,153			314,606			(24,323		)	374,772

Loss on impairment	—			(4,761		)	(2,811		)	—			(7,572		)
Loss on disposal of assets	—			(1,348		)	(838		)	—			(2,186		)
Earnings from unconsolidated affiliates, net of losses	(9,647		)	—			138			9,690			181
Operating loss	(28,983		)	(4,396		)	(3,193		)	9,690			(26,882		)
Interest expense, net	(10,347		)	(371		)	(750		)	—			(11,468		)
Other income (expense), net	206			411			2,386			—			3,003

Loss before (provision) benefit for income taxes	(39,124		)	(4,356		)	(1,557		)	9,690			(35,347		)
Allocation of consolidated income taxes	9,339			(1,510		)	(2,589		)	—			5,240
Net loss	(29,785		)	(5,866		)	(4,146		)	9,690			(30,107		)
Net (income) loss attributable to noncontrolling interests	(12		)	—			322			—			310
Net loss attributable to Bristow Group	$	(29,797	)	$	(5,866	)	$	(3,824	)	$	9,690		$	(29,797	)

Supplemental Condensed Consolidating Statement of Operations

Six Months Ended September 30, 2017



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Revenue:
Gross revenue	$	—		$	92,727		$	633,058		$	—		$	725,785
Intercompany revenue	—			63,910			—			(63,910		)	—
	—			156,637			633,058			(63,910		)	725,785
Operating expense:
Direct cost and reimbursable expense	3,269			98,289			496,346			—			597,904
Intercompany expenses	—			—			63,910			(63,910		)	—
Depreciation and amortization	5,933			25,720			30,784			—			62,437
General and administrative	36,987			11,385			46,957			—			95,329
	46,189			135,394			637,997			(63,910		)	755,670

Loss on impairment	—			(1,192		)	—			—			(1,192		)
Gain (loss) on disposal of assets	—			11,013			(18,840		)	—			(7,827		)
Earnings from unconsolidated affiliates, net of losses	(11,003		)	—			1,398			11,003			1,398
Operating income (loss)	(57,192		)	31,064			(22,381		)	11,003			(37,506		)
Interest expense, net	(19,694		)	(11,803		)	(3,087		)	—			(34,584		)
Other income (expense), net	(126		)	(756		)	1,795			—			913

Income (loss) before (provision) benefit for income taxes	(77,012		)	18,505			(23,673		)	11,003			(71,177		)
Allocation of consolidated income taxes	(9,448		)	(6,105		)	(412		)	—			(15,965		)
Net income (loss)	(86,460		)	12,400			(24,085		)	11,003			(87,142		)
Net (income) loss attributable to noncontrolling interests	(24		)	—			682			—			658
Net income (loss) attributable to Bristow Group	$	(86,484	)	$	12,400		$	(23,403	)	$	11,003		$	(86,484	)

Supplemental Condensed Consolidating Statement of Operations

Six Months Ended September 30, 2016



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Revenue:
Gross revenue	$	—		$	87,856		$	639,009		$	—		$	726,865
Intercompany revenue	—			48,614			—			(48,614		)	—
	—			136,470			639,009			(48,614		)	726,865
Operating expense:
Direct cost and reimbursable expense	(631		)	96,476			501,218			—			597,063
Intercompany expenses	—			—			48,614			(48,614		)	—
Depreciation and amortization	4,316			27,786			31,184			—			63,286
General and administrative	37,746			13,080			53,043			—			103,869
	41,431			137,342			634,059			(48,614		)	764,218

Loss on impairment	—			(4,761		)	(2,811		)	—			(7,572		)
Loss on disposal of assets	—			(11,575		)	(628		)	—			(12,203		)
Earnings from unconsolidated affiliates, net of losses	(22,423		)	—			3,968			22,466			4,011
Operating income (loss)	(63,854		)	(17,208		)	5,479			22,466			(53,117		)
Interest expense, net	(20,232		)	(1,028		)	(1,094		)	—			(22,354		)
Other income (expense), net	752			1,646			(5,584		)	—			(3,186		)

Loss before (provision) benefit for income taxes	(83,334		)	(16,590		)	(1,199		)	22,466			(78,657		)
Allocation of consolidated income taxes	12,792			(3,732		)	(1,582		)	—			7,478
Net loss	(70,542		)	(20,322		)	(2,781		)	22,466			(71,179		)
Net (income) loss attributable to noncontrolling interests	(27		)	—			637			—			610
Net loss attributable to Bristow Group	$	(70,569	)	$	(20,322	)	$	(2,144	)	$	22,466		$	(70,569	)

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

Three Months Ended September 30, 2017



	Parent Company Only			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Net loss	$	(31,196	)	$	16,086	$	(6,644	)	$	(9,642	)	$	(31,396	)
Other comprehensive loss:
Currency translation adjustments	—			306		14,218			(3,833		)	10,691
Total comprehensive loss	(31,196		)	16,392		7,574			(13,475		)	(20,705		)

Net (income) loss attributable to noncontrolling interests	(13		)	—		200			—			187
Currency translation adjustments attributable to noncontrolling interests	—			—		237			—			237
Total comprehensive (income) loss attributable to noncontrolling interests	(13		)	—		437			—			424
Total comprehensive loss attributable to Bristow Group	$	(31,209	)	$	16,392	$	8,011		$	(13,475	)	$	(20,281	)

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

Three Months Ended September 30, 2016



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated

	(In thousands)
Net loss	$	(29,785	)	$	(5,866	)	$	(4,146	)	$	9,690	$	(30,107	)
Other comprehensive loss:
Currency translation adjustments	—			—			(9,558		)	4,119		(5,439		)
Total comprehensive loss	(29,785		)	(5,866		)	(13,704		)	13,809		(35,546		)

Net (income) loss attributable to noncontrolling interests	(12		)	—			322			—		310
Currency translation adjustments attributable to noncontrolling interests	—			—			(523		)	—		(523		)
Total comprehensive income attributable to noncontrolling interests	(12		)	—			(201		)	—		(213		)
Total comprehensive loss attributable to Bristow Group	$	(29,797	)	$	(5,866	)	$	(13,905	)	$	13,809	$	(35,759	)

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

Six Months Ended September 30, 2017



	Parent Company Only			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Net loss	$	(86,460	)	$	12,400	$	(24,085	)	$	11,003		$	(87,142	)
Other comprehensive loss:
Currency translation adjustments	—			644		28,570			(8,763		)	20,451
Total comprehensive loss	(86,460		)	13,044		4,485			2,240			(66,691		)

Net (income) loss attributable to noncontrolling interests	(24		)	—		682			—			658
Currency translation adjustments attributable to noncontrolling interests	—			—		547			—			547
Total comprehensive (income) loss attributable to noncontrolling interests	(24		)	—		1,229			—			1,205
Total comprehensive loss attributable to Bristow Group	$	(86,484	)	$	13,044	$	5,714		$	2,240		$	(65,486	)

Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss)

Six Months Ended September 30, 2016



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Net loss	$	(70,542	)	$	(20,322	)	$	(2,781	)	$	22,466		$	(71,179	)
Other comprehensive income (loss):
Currency translation adjustments	—			—			208,234			(220,808		)	(12,574		)
Total comprehensive income (loss)	(70,542		)	(20,322		)	205,453			(198,342		)	(83,753		)

Net (income) loss attributable to noncontrolling interests	(27		)	—			637			—			610
Currency translation adjustments attributable to noncontrolling interests	—			—			(4,965		)	—			(4,965		)
Total comprehensive income attributable to noncontrolling interests	(27		)	—			(4,328		)	—			(4,355		)
Total comprehensive income (loss) attributable to Bristow Group	$	(70,569	)	$	(20,322	)	$	201,125		$	(198,342	)	$	(88,108	)

Supplemental Condensed Consolidating Balance Sheet

As of September 30, 2017



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	591		$	771		$	95,981		$	—		$	97,343
Accounts receivable	159,210			457,131			367,921			(746,390		)	237,872
Inventories	—			33,156			98,460			—			131,616
Assets held for sale	—			29,692			5,242			—			34,934
Prepaid expenses and other current assets	2,248			5,827			39,422			(3,408		)	44,089
Total current assets	162,049			526,577			607,026			(749,798		)	545,854
Intercompany investment	2,399,726			104,435			135,507			(2,639,668		)	—
Investment in unconsolidated affiliates	—			—			211,499			—			211,499
Intercompany notes receivable	263,032			36,358			26,265			(325,655		)	—
Property and equipment—at cost:
Land and buildings	4,806			62,128			176,421			—			243,355
Aircraft and equipment	157,311			1,138,701			1,321,823			—			2,617,835
	162,117			1,200,829			1,498,244			—			2,861,190
Less: Accumulated depreciation and amortization	(35,027		)	(256,871		)	(372,552		)	—			(664,450		)
	127,090			943,958			1,125,692			—			2,196,740
Goodwill	—			—			20,364			—			20,364
Other assets	8,584			2,147			103,356			(21		)	114,066
Total assets	$	2,960,481		$	1,613,475		$	2,229,709		$	(3,715,142	)	$	3,088,523

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
Accounts payable	$	440,137		$	163,449		$	219,558		$	(725,382	)	$	97,762
Accrued liabilities	52,547			17,534			147,947			(23,131		)	194,897
Short-term borrowings and current maturities of long-term debt	66,973			19,050			27,496			—			113,519
Total current liabilities	559,657			200,033			395,001			(748,513		)	406,178
Long-term debt, less current maturities	599,973			281,587			317,027			—			1,198,587
Intercompany notes payable	62,532			209,840			54,385			(326,757		)	—
Accrued pension liabilities	—			—			57,928			—			57,928
Other liabilities and deferred credits	13,272			7,156			11,445			—			31,873
Deferred taxes	110,900			44,048			—			(21		)	154,927
Redeemable noncontrolling interest	—			—			6,002			—			6,002
Stockholders’ investment:
Common stock	381			20,028			131,317			(151,345		)	381
Additional paid-in-capital	815,990			46,234			284,048			(330,282		)	815,990
Retained earnings	902,957			803,517			683,482			(1,486,999		)	902,957
Accumulated other comprehensive loss	78,306			1,032			284,608			(671,225		)	(307,279		)
Treasury shares	(184,796		)	—			—			—			(184,796		)
Total Bristow Group stockholders’ investment	1,612,838			870,811			1,383,455			(2,639,851		)	1,227,253
Noncontrolling interests	1,309			—			4,466			—			5,775
Total stockholders’ investment	1,614,147			870,811			1,387,921			(2,639,851		)	1,233,028
Total liabilities, redeemable noncontrolling interest and stockholders’ investment	$	2,960,481		$	1,613,475		$	2,229,709		$	(3,715,142	)	$	3,088,523

Supplemental Condensed Consolidating Balance Sheet

As of March 31, 2017



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	3,382		$	299		$	92,975		$	—		$	96,656
Accounts receivable	76,383			288,235			212,900			(370,603		)	206,915
Inventories	—			34,721			90,190			—			124,911
Assets held for sale	—			30,716			7,530			—			38,246
Prepaid expenses and other current assets	3,237			4,501			43,856			(10,451		)	41,143
Total current assets	83,002			358,472			447,451			(381,054		)	507,871
Intercompany investment	2,491,631			104,435			126,296			(2,722,362		)	—
Investment in unconsolidated affiliates	—			—			210,162			—			210,162
Intercompany notes receivable	306,641			37,633			39,706			(383,980		)	—
Property and equipment—at cost:
Land and buildings	4,806			62,114			164,528			—			231,448
Aircraft and equipment	151,005			1,199,073			1,272,623			—			2,622,701
	155,811			1,261,187			1,437,151			—			2,854,149
Less: Accumulated depreciation and amortization	(29,099		)	(258,225		)	(312,461		)	—			(599,785		)
	126,712			1,002,962			1,124,690			—			2,254,364
Goodwill	—			—			19,798			—			19,798
Other assets	18,770			2,139			100,743			—			121,652
Total assets	$	3,026,756		$	1,505,641		$	2,068,846		$	(3,487,396	)	$	3,113,847

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
Accounts payable	$	231,841		$	70,434		$	151,382		$	(355,442	)	$	98,215
Accrued liabilities	61,791			17,379			132,704			(25,628		)	186,246
Current deferred taxes	(1,272		)	2,102			—			—			830
Short-term borrowings and current maturities of long-term debt	79,053			17,432			34,578			—			131,063
Total current liabilities	371,413			107,347			318,664			(381,070		)	416,354
Long-term debt, less current maturities	763,325			284,710			102,921			—			1,150,956
Intercompany notes payable	70,689			226,091			87,200			(383,980		)	—
Accrued pension liabilities	—			—			61,647			—			61,647
Other liabilities and deferred credits	11,597			6,229			11,073			—			28,899
Deferred taxes	112,716			40,344			1,813			—			154,873
Redeemable noncontrolling interest	—			—			6,886			—			6,886
Stockholders’ investment:
Common stock	379			20,028			115,317			(135,345		)	379
Additional paid-in-capital	809,995			29,387			284,048			(313,435		)	809,995
Retained earnings	991,906			791,117			819,987			(1,611,104		)	991,906
Accumulated other comprehensive loss	78,306			388			255,491			(662,462		)	(328,277		)
Treasury shares	(184,796		)	—			—			—			(184,796		)
Total Bristow Group stockholders’ investment	1,695,790			840,920			1,474,843			(2,722,346		)	1,289,207
Noncontrolling interests	1,226			—			3,799			—			5,025
Total stockholders’ investment	1,697,016			840,920			1,478,642			(2,722,346		)	1,294,232
Total liabilities, redeemable noncontrolling interest and stockholders’ investment	$	3,026,756		$	1,505,641		$	2,068,846		$	(3,487,396	)	$	3,113,847

Supplemental Condensed Consolidating Statement of Cash Flows

Six Months Ended September 30, 2017



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Net cash provided by (used in) operating activities	$	(78,756	)	$	32,581		$	10,841		$	—		$	(35,334	)
Cash flows from investing activities:
Capital expenditures	(6,306		)	(5,814		)	(89,677		)	77,480			(24,317		)
Proceeds from asset dispositions	—			80,210			39,514			(77,480		)	42,244
Net cash provided by (used in) investing activities	(6,306		)	74,396			(50,163		)	—			17,927
Cash flows from financing activities:
Proceeds from borrowings	107,800			—			230,218			—			338,018
Debt issuance costs	—			(552		)	(6,143		)	—			(6,695		)
Repayment of debt	(285,946		)	(9,073		)	(23,111		)	—			(318,130		)
Dividends paid	110,637			—			(113,102		)	—			(2,465		)
Increases (decreases) in cash related to intercompany advances and debt	150,351			(96,880		)	(53,471		)	—			—
Partial prepayment of put/call obligation	(23		)	—			—			—			(23		)
Repurchases for tax withholdings on vesting of equity awards	(548		)	—			—			—			(548		)
Net cash provided by (used in) financing activities	82,271			(106,505		)	34,391			—			10,157
Effect of exchange rate changes on cash and cash equivalents	—			—			7,937			—			7,937
Net increase (decrease) in cash and cash equivalents	(2,791		)	472			3,006			—			687
Cash and cash equivalents at beginning of period	3,382			299			92,975			—			96,656
Cash and cash equivalents at end of period	$	591		$	771		$	95,981		$	—		$	97,343

Supplemental Condensed Consolidating Statement of Cash Flows

Six Months Ended September 30, 2016



	Parent Company Only			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated

	(In thousands)
Net cash provided by (used in) operating activities	$	(35,861	)	$	56,788		$	8,499		$	(631	)	$	28,795
Cash flows from investing activities:
Capital expenditures	(11,958		)	(20,411		)	(69,497		)	—			(101,866		)
Proceeds from asset dispositions	—			10,374			1,445			—			11,819
Net cash used in investing activities	(11,958		)	(10,037		)	(68,052		)	—			(90,047		)
Cash flows from financing activities:
Proceeds from borrowings	191,501			—			4,453			—			195,954
Debt issuance costs	(2,925		)	—			—			—			(2,925		)
Repayment of debt	(116,051		)	—			(4,915		)	—			(120,966		)
Dividends paid	(4,554		)	4			(360		)	—			(4,910		)
Increases (decreases) in cash related to intercompany advances and debt	(54,611		)	(49,136		)	103,747			—			—
Partial prepayment of put/call obligation	(25		)	—			—			—			(25		)
Payment of contingent consideration	—			—			(10,000		)	—			(10,000		)
Repurchases for tax withholdings on vesting of equity awards	(757		)	—			—			—			(757		)
Net cash provided by (used in) financing activities	12,578			(49,132		)	92,925			—			56,371
Effect of exchange rate changes on cash and cash equivalents	—			—			1,239			—			1,239
Net increase (decrease) in cash and cash equivalents	(35,241		)	(2,381		)	34,611			(631		)	(3,642		)
Cash and cash equivalents at beginning of period	35,241			3,393			65,676			—			104,310
Cash and cash equivalents at end of period	$	—		$	1,012		$	100,287		$	(631	)	$	100,668