SEGMENT INFORMATION

We conduct our business in one segment: industrial aviation services. The industrial aviation services global operations are conducted primarily through two hubs that include four regions as follows: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region comprises all our operations and affiliates in Europe and Central Asia, including Norway, the U.K. and Turkmenistan. The Africa region comprises all our operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Guyana, Suriname, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all our operations and affiliates in Australia and Asia, including Malaysia and Sakhalin. Prior to the sale of Bristow Academy on November 1, 2017, we operated a training unit, Bristow Academy, which was included in Corporate and other.

The following tables show region information for fiscal years 2018, 2017 and 2016, and as of March 31, 2018 and 2017, where applicable, reconciled to consolidated totals, and prepared on the same basis as our consolidated financial statements (in thousands):



	Fiscal Year Ended March 31,
	2018			2017			2016
Region gross revenue from external clients:
Europe Caspian	$	793,630		$	734,344		$	858,144
Africa	195,681			204,522			255,254
Americas	228,658			217,500			283,565
Asia Pacific	222,500			233,902			296,840
Corporate and other	4,493			10,234			21,710
Total region gross revenue	$	1,444,962		$	1,400,502		$	1,715,513
Intra-region gross revenue:
Europe Caspian	$	5,655		$	6,722		$	5,708
Africa	—			—			2
Americas	8,995			4,465			7,834
Asia Pacific	—			1			2
Corporate and other	27			332			2,209
Total intra-region gross revenue	$	14,677		$	11,520		$	15,755
Consolidated gross revenue reconciliation:
Europe Caspian	$	799,285		$	741,066		$	863,852
Africa	195,681			204,522			255,256
Americas	237,653			221,965			291,399
Asia Pacific	222,500			233,903			296,842
Corporate and other	4,520			10,566			23,919
Intra-region eliminations	(14,677		)	(11,520		)	(15,755		)
Total consolidated gross revenue	$	1,444,962		$	1,400,502		$	1,715,513



	Fiscal Year Ended March 31,
	2018			2017			2016
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe Caspian	$	191		$	273		$	310
Americas	4,302			5,207			(2,117		)
Corporate and other	(273		)	(603		)	—
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	4,220		$	4,877		$	(1,807	)
Consolidated operating loss reconciliation:
Europe Caspian	$	22,774		$	13,840		$	50,406
Africa	32,326			30,179			19,702
Americas ⁽¹⁾	(73,057		)	4,224			34,463
Asia Pacific	(24,290		)	(20,870		)	4,073
Corporate and other	(88,996		)	(104,616		)	(118,796		)
Loss on disposal of assets	(17,595		)	(14,499		)	(30,693		)
Total consolidated operating loss	$	(148,838	)	$	(91,742	)	$	(40,845	)
Capital expenditures:
Europe Caspian	$	24,797		$	44,024		$	127,072
Africa	3,769			4,575			1,386
Americas	2,523			8,275			92,418
Asia Pacific	6,795			15,086			23,745
Corporate and other ⁽²⁾	8,403			63,150			127,754
Total capital expenditures	$	46,287		$	135,110		$	372,375
Depreciation and amortization:
Europe Caspian	$	48,854		$	39,511		$	41,509
Africa	13,705			16,664			29,337
Americas	27,468			32,727			36,371
Asia Pacific	19,695			19,091			20,526
Corporate and other	14,320			10,755			9,069
Total depreciation and amortization ⁽³⁾	$	124,042		$	118,748		$	136,812



	March 31,
	2018		2017
Identifiable assets:
Europe Caspian	$	1,087,437	$	1,091,536
Africa	374,121		325,719
Americas	788,879		809,071
Asia Pacific	342,166		433,614
Corporate and other ⁽⁴⁾	572,399		453,907
Total identifiable assets	$	3,165,002	$	3,113,847



	March 31,
	2018		2017
Investments in unconsolidated affiliates – equity method investments:
Europe Caspian	$	270	$	257
Americas	116,276		200,362
Corporate and other	3,338		3,257
Total investments in unconsolidated affiliates – equity method investments	$	119,884	$	203,876

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⁽¹⁾	Includes an impairment of our investment in Líder of $85.7 million for fiscal year 2018. For further details, see Note 1.


⁽²⁾	Includes $2.3 million, $39.5 million and $84.8 million of construction in progress payments that were not allocated to business units in fiscal years 2018, 2017 and 2016, respectively.

⁽³⁾

Includes accelerated depreciation expense of $10.4 million during fiscal year 2017 related to aircraft where management made the decision to exit certain model types earlier than originally anticipated in our Europe Caspian, Americas and Africa regions of $0.5 million, $3.9 million and $6.0 million, respectively. We recorded accelerated depreciation expense of $28.7 million during fiscal year 2016 related to aircraft where management made the decision to exit certain model types earlier than originally anticipated in our Europe Caspian, Americas, Africa and Asia Pacific regions of $0.6 million $6.0 million, $16.8 million and $5.3 million, respectively. For further details, see Note 3.


⁽⁴⁾	Includes $67.7 million and $199.3 million of construction in progress within property and equipment on our consolidated balance sheets as of March 31, 2018 and 2017, respectively, which primarily represents progress payments on aircraft and facilities under construction to be delivered in future periods.

We attribute revenue to various countries based on the location where services are actually performed. Long-lived assets consist primarily of helicopters and fixed wing aircraft and are attributed to various countries based on the physical location of the asset at a given fiscal year-end. Information by geographic area is as follows (in thousands):



	Fiscal Year Ended March 31,
	2018		2017		2016
Gross revenue:
United Kingdom	$	530,948	$	510,796	$	587,493
Norway	258,878		218,848		225,807
Australia	199,264		216,562		272,407
Nigeria	195,681		204,521		246,449
United States	103,047		87,234		158,901
Canada	61,701		61,877		61,257
Trinidad	53,144		57,531		55,423
Falkland Islands	—		1,935		44,724
Other countries	42,299		41,198		63,052
	$	1,444,962	$	1,400,502	$	1,715,513



	March 31,
	2018		2017
Long-lived assets:
United Kingdom	$	630,555	$	600,948
Australia	226,085		317,944
United States	410,651		298,804
Norway	156,593		268,892
Nigeria	293,781		228,863
Canada	193,092		204,842
Trinidad	80,497		118,058
Other countries	9,056		16,738
Construction in progress primarily attributable to aircraft ⁽¹⁾	67,710		199,275
	$	2,068,020	$	2,254,364

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⁽¹⁾	These costs have been disclosed separately as the physical location where the aircraft will ultimately be operated is subject to change.

During fiscal year 2018, we conducted operations in over 10 countries. Due to the nature of our principal assets, aircraft are regularly and routinely moved between operating areas (both domestic and foreign) to meet changes in market and operating conditions. During fiscal years 2018 and 2017, one client accounted for 10% or more of our consolidated gross revenue. During fiscal year 2016, two clients accounted for over 10% or more of our consolidated gross revenue. During fiscal year 2018, our top ten clients accounted for 61% of consolidated gross revenue.