XML 48 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT INFORMATION (Tables)
6 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of revenue by segment
The following tables show region information for the three and six months ended September 30, 2018 and 2017 and as of September 30 and March 31, 2018, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):
 
 
Three Months Ended 
 September 30,
 
Six Months Ended 
 September 30,
 
 
2018
 
2017
 
2018
 
2017
Region revenue from external customers:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
201,547

 
$
203,923

 
$
420,047

 
$
395,322

Africa
 
39,392

 
49,787

 
75,808

 
100,577

Americas
 
57,382

 
59,201

 
109,975

 
114,963

Asia Pacific
 
51,628

 
59,284

 
111,824

 
111,730

Corporate and other
 
708

 
1,481

 
897

 
3,193

Total region revenue (1)
 
$
350,657

 
$
373,676

 
$
718,551

 
$
725,785

Intra-region revenue:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
2,254

 
$
1,483

 
$
3,934

 
$
2,519

Africa
 

 

 

 

Americas
 
1,011

 
1,950

 
2,648

 
4,244

Asia Pacific
 

 

 

 

Corporate and other
 

 

 
1

 
22

Total intra-region revenue
 
$
3,265

 
$
3,433

 
$
6,583

 
$
6,785

Consolidated revenue:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
203,801

 
$
205,406

 
$
423,981

 
$
397,841

Africa
 
39,392

 
49,787

 
75,808

 
100,577

Americas
 
58,393

 
61,151

 
112,623

 
119,207

Asia Pacific
 
51,628

 
59,284

 
111,824

 
111,730

Corporate and other
 
708

 
1,481

 
898

 
3,215

Intra-region eliminations
 
(3,265
)
 
(3,433
)
 
(6,583
)
 
(6,785
)
Total consolidated revenue (1)
 
$
350,657

 
$
373,676

 
$
718,551

 
$
725,785


_____________ 
(1) 
The above table represents disaggregated revenue from contracts with customers except for $12.2 million of revenue included in totals ($4.1 million from Europe Caspian and $8.1 million from Americas) for the three months ended September 30, 2018
Operating Performance and Total Assets by Segment
 
 
Three Months Ended 
 September 30,
 
Six Months Ended 
 September 30,
 
 
2018
 
2017
 
2018
 
2017
Earnings (losses) from unconsolidated affiliates, net – equity method investments:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
(6
)
 
$
61

 
$
19

 
$
91

Americas
 
16

 
2,150

 
(2,891
)
 
1,615

Corporate and other
 
(106
)
 
(148
)
 
(241
)
 
(308
)
Total earnings (losses) from unconsolidated affiliates, net – equity method investments
 
$
(96
)
 
$
2,063

 
$
(3,113
)
 
$
1,398

 
 
 
 
 
 
 
 
 
Consolidated operating loss:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
(11,414
)
 
$
9,854

 
$
10,514

 
$
14,225

Africa
 
1,465

 
7,835

 
2,606

 
17,883

Americas
 
1,813

 
7,483

 
(5,774
)
 
6,227

Asia Pacific
 
(6,988
)
 
(5,903
)
 
(7,959
)
 
(18,433
)
Corporate and other
 
(113,274
)
 
(23,689
)
 
(129,905
)
 
(49,639
)
Loss on disposal of assets
 
(1,293
)
 
(8,526
)
 
(2,971
)
 
(7,827
)
Total consolidated operating loss (1)
 
$
(129,691
)
 
$
(12,946
)
 
$
(133,489
)
 
$
(37,564
)
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
12,189

 
$
12,196

 
$
24,944

 
$
24,018

Africa
 
3,665

 
3,590

 
7,079

 
6,666

Americas
 
7,310

 
6,998

 
14,191

 
13,997

Asia Pacific
 
4,054

 
5,058

 
8,409

 
10,868

Corporate and other
 
3,271

 
3,539

 
6,807

 
6,888

Total depreciation and amortization
 
$
30,489

 
$
31,381

 
$
61,430

 
$
62,437

 
 
September 30, 
 2018
 
March 31,  
 2018
Identifiable assets:
 
 
 
 
Europe Caspian
 
$
916,960

 
$
1,087,437

Africa
 
392,865

 
374,121

Americas
 
744,494

 
788,879

Asia Pacific
 
289,379

 
342,166

Corporate and other (2)
 
517,106

 
572,399

Total identifiable assets
 
$
2,860,804

 
$
3,165,002

Investments in unconsolidated affiliates – equity method investments:
 
 
 
 
Europe Caspian
 
$
234

 
$
270

Americas
 
101,239

 
116,276

Corporate and other
 
2,878

 
3,338

Total investments in unconsolidated affiliates – equity method investments
 
$
104,351

 
$
119,884


_____________ 
(1) 
Results for the three months ended September 30, 2018 were positively impacted by a reduction to rent expense of $2.4 million (included in direct costs) impacting Europe Caspian and Asia Pacific regions by $1.7 million and $0.7 million, respectively, related to OEM cost recoveries for ongoing aircraft issues. Results for the six months ended September 30, 2018 were positively impacted by a reduction to rent expense of $5.9 million (included in direct costs) impacting Europe Caspian and Asia Pacific regions by $4.4 million and $1.5 million, respectively, related to OEM cost recoveries for ongoing aircraft issues. For further details, see Note 1.
(2) 
Includes $64.3 million and $67.7 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of September 30 and March 31, 2018, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.