SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2013

Segments [Abstract]

SEGMENT INFORMATION

Note 12 ¾ 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 also 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 fiscal years 2013, 2012 and 2011, and as of March 31, 2013 and 2012, reconciled to consolidated totals, and prepared on the same basis as our consolidated financial statements (in thousands):

			Fiscal Year Ended March 31,
			2013		2012			2011
Segment gross revenue from external clients:
	Europe		$	619,480	$	559,306	$	475,726
	West Africa			296,933		258,258		226,175
	North America			226,114		176,797		193,370
	Australia			186,752		162,727		158,845
	Other International			132,662		145,593		148,239
	Corporate and other			46,532		39,122		30,453
		Total segment gross revenue	$	1,508,473	$	1,341,803	$	1,232,808
Intrasegment gross revenue:
	Europe		$	65	$	391	$	729
	North America			283		1,020		475
	Australia			0		462		275
	Corporate and other			1,989		(133)		2,764
		Total intrasegment gross revenue	$	2,337	$	1,740	$	4,243
Consolidated gross revenue reconciliation:
	Europe		$	619,545	$	559,697	$	476,455
	West Africa			296,933		258,258		226,175
	North America			226,397		177,817		193,845
	Australia			186,752		163,189		159,120
	Other International			132,662		145,593		148,239
	Corporate and other			48,521		38,989		33,217
	Intrasegment eliminations			(2,337)		(1,740)		(4,243)
		Total consolidated gross revenue	$	1,508,473	$	1,341,803	$	1,232,808

				Fiscal Year Ended March 31,
				2013		2012			2011
Earnings from unconsolidated affiliates, net of losses – equity method
	investments:
		Europe		$	10,517	$	11,014	$	9,685
		North America			(736)		0		0
		Other International			15,261		(2,732)		7,767
			Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	25,042	$	8,282	$	17,452

			Fiscal Year Ended March 31,
			2013		2012			2011
Consolidated operating income (loss) reconciliation:
	Europe		$	111,785	$	94,277	$	89,320
	West Africa			70,315		63,768		62,051
	North America			27,538		8,378		14,527
	Australia			25,283		19,840		30,497
	Other International			45,201		36,343		42,038
	Corporate and other			(64,046)		(75,170)		(57,387)
	Gain (loss) on disposal of assets			8,068		(31,670)		8,678
		Total consolidated operating income	$	224,144	$	115,766	$	189,724

			Fiscal Year Ended March 31,
			2013		2012		2011
Capital expenditures:
	Europe		$	175,270	$	66,016	$	17,185
	West Africa			11,501		13,375		1,541
	North America			201,439		53,367		19,755
	Australia			3,736		2,421		33,253
	Other International			33,147		48,498		5,000
	Corporate and other (1)			146,332		142,743		68,784
		Total capital expenditures	$	571,425	$	326,420	$	145,518

			Fiscal Year Ended March 31,
			2013		2012			2011
Depreciation and amortization:
	Europe		$	33,101	$	34,345	$	27,361
	West Africa			13,077		12,805		11,155
	North America			20,193		16,243		16,803
	Australia			9,995		11,352		11,337
	Other International			17,018		16,660		13,997
	Corporate and other			2,900		4,739		8,724
		Total depreciation and amortization	$	96,284	$	96,144	$	89,377

			March 31,
			2013		2012
Identifiable assets:
	Europe		$	808,568	$	779,160
	West Africa			390,402		376,903
	North America			527,710		276,074
	Australia			245,757		295,895
	Other International			589,361		602,174
	Corporate and other (2)			388,894		410,157
		Total identifiable assets	$	2,950,692	$	2,740,363

					March 31,
					2013		2012
Investments in unconsolidated affiliates – equity method investments:
		Europe			$	8,569	$	11,410
		North America (3)				60,517		2,378
		Other International				196,751		185,026
			Total investments in unconsolidated affiliates – equity method		$	265,837	$	198,814
				investments
			__________
	(1)		Includes $140.1 million, $111.9 million and $64.9 million of construction in progress payments that were not allocated to business units in fiscal years 2013, 2012 and 2011, respectively.
	(2)		Includes $222.8 million and $126.6 million of construction in progress within property and equipment on our consolidated balance sheets as of March 31, 2013 and 2012, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.
	(3)		Includes $2.4 million in investment in Cougar as of March 31, 2012 that was in the process of being evaluated.

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

		Fiscal Year Ended March 31,
		2013		2012		2011
Gross revenue:
	United Kingdom	$	383,398	$	345,405	$	303,893
	Nigeria		296,933		258,258		226,175
	United States		237,311		208,931		216,281
	Norway		249,023		200,926		162,006
	Australia		186,752		162,727		158,845
	Trinidad		43,763		39,478		29,489
	Malaysia		25,284		26,416		15,273
	Canada		16,447		0		0
	Mexico		6,545		9,071		34,548
	Other countries		63,017		90,591		86,298
		$	1,508,473	$	1,341,803	$	1,232,808

		March 31,
		2013		2012
Long-lived assets:
	United Kingdom	$	394,557	$	391,540
	Nigeria		242,095		240,323
	Canada		211,316		0
	Norway		162,591		193,962
	United States		183,890		174,355
	Australia		180,914		235,261
	Brazil		113,562		94,052
	Malaysia		101,764		106,217
	Trinidad		51,004		53,904
	Mexico		33,968		37,576
	Other countries		22,594		69,031
	Construction in progress attributable to aircraft (1)		222,817		126,554
		$	1,921,072	$	1,722,775
	___________
	(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 2013, we conducted operations in over 20 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 2013, 2012 and 2011 the aggregate activities of one major integrated oil and gas company accounted for 13%, 12% and 11%, respectively, of our consolidated gross revenue. No other client accounted for 10% or more of our consolidated gross revenue during those periods. During fiscal year 2013, our top ten clients accounted for 60.7% of consolidated gross revenue.