XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 97,343 $ 96,656
Accounts receivable from non-affiliates 225,940 198,129
Accounts receivable from affiliates 11,932 8,786
Inventories 131,616 124,911
Assets held for sale 34,934 38,246
Prepaid expenses and other current assets 44,089 41,143
Total current assets 545,854 507,871
Investment in unconsolidated affiliates 211,499 210,162
Property and equipment – at cost:    
Land and buildings 243,355 231,448
Aircraft and equipment 2,617,835 2,622,701
Total property and equipment, at cost 2,861,190 2,854,149
Less – Accumulated depreciation and amortization (664,450) (599,785)
Total property and equipment, net 2,196,740 2,254,364
Goodwill 20,364 19,798
Other assets 114,066 121,652
Total assets 3,088,523 3,113,847
Current liabilities:    
Accounts payable 97,762 98,215
Accrued wages, benefits and related taxes 51,390 59,077
Income taxes payable 14,064 15,145
Other accrued taxes 9,610 9,611
Deferred revenue 21,889 19,911
Accrued maintenance and repairs 29,651 22,914
Accrued interest 12,456 12,909
Other accrued liabilities 55,837 46,679
Deferred taxes   830
Short-term borrowings and current maturities of long-term debt 113,519 131,063
Total current liabilities 406,178 416,354
Long-term debt, less current maturities 1,198,587 1,150,956
Accrued pension liabilities 57,928 61,647
Other liabilities and deferred credits 31,873 28,899
Deferred taxes 154,927  
Deferred taxes   154,873
Commitments and contingencies (Note 5)
Redeemable noncontrolling interest 6,002 6,886
Stockholders’ investment:    
Common stock, $.01 par value, authorized 90,000,000; outstanding: 35,361,536 as of September 30 and 35,213,991 as of March 31 (exclusive of 1,291,441 treasury shares) 381 379
Additional paid-in capital 815,990 809,995
Retained earnings 902,957 991,906
Accumulated other comprehensive loss (307,279) (328,277)
Treasury shares, at cost (2,756,419 shares) (184,796) (184,796)
Total Bristow Group stockholders’ investment 1,227,253 1,289,207
Noncontrolling interests 5,775 5,025
Total stockholders’ investment 1,233,028 1,294,232
Total liabilities, redeemable noncontrolling interest and stockholders’ investment $ 3,088,523 $ 3,113,847