← Bristow Group Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $26.9m | $13.6m | $50.8m | $117.4m | — | $228.0m | $160.0m | $180.3m | $247.5m | $286.2m | |
| Prepaid Expense and Other Assets, Current | — | — | — | — | $29.5m | $32.1m | $32.4m | $45.4m | $42.1m | $50.8m | |
| Accounts Receivable | — | — | — | — | — | — | $203.8m | $234.6m | $211.6m | $217.1m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($1.9m) | ($77k) | ($42k) | ($181k) | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $263.8m | $180.3m | $247.5m | $286.2m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $263.8m | $180.3m | $247.5m | $286.2m | |
| Gross Accounts Receivable | — | — | — | — | — | — | $205.7m | $234.7m | $211.6m | $217.3m | |
| Inventories Adjustments Allowances | — | — | — | — | — | — | ($3.2m) | ($3.0m) | ($3.4m) | ($4.5m) | |
| Other Current Assets | — | — | — | — | — | — | $28.4m | $45.4m | $42.1m | $50.8m | |
| Other Inventories | — | — | — | — | — | — | $84.8m | $102.8m | $118.0m | $137.2m | |
| Cash and cash equivalents | $26.9m | $13.6m | $50.8m | $117.4m | $196.7m | $228.0m | $263.8m | $180.3m | $247.5m | $286.2m | |
| Accounts receivable, net | $2.7m | $1.6m | $2.3m | $15.4m | $180.7m | $215.6m | $203.8m | $234.6m | $211.6m | $217.1m | |
| Prepaid expenses and other current assets | — | — | — | — | $29.5m | $32.1m | $28.4m | $45.4m | $42.1m | $50.8m | |
| Inventory, Net | $25.4m | $21.1m | $20.7m | $20.1m | $82.4m | $92.2m | $81.9m | $99.9m | $114.5m | $132.7m | |
| Assets, Current | $96.4m | $82.6m | $115.9m | $195.9m | — | $585.7m | $493.1m | $563.6m | $619.5m | $694.3m | |
| Total current assets | $96.4m | $82.6m | $115.9m | $195.9m | $524.2m | $585.7m | $579.9m | $563.6m | $619.5m | $694.3m | |
| Property, Plant and Equipment, Net | $821.8m | $673.9m | $599.2m | $556.9m | $876.8m | $1.0b | $915.3m | $927.8m | $1.1b | $1.2b | |
| Goodwill | — | — | — | — | — | $0 | — | — | — | — | |
| Intangible Assets, Net (Excluding Goodwill) | $1.1m | $1.1m | $1.1m | $96k | — | — | — | — | — | $12.6m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $9.5m | — | $246.7m | $241.0m | $287.9m | $264.3m | $241.7m | |
| Other Assets, Noncurrent | $6.6m | $4.4m | $21.6m | $2.2m | — | $117.8m | $145.6m | $138.1m | $142.9m | $198.8m | |
| Right-of-use assets | — | — | $0 | $9.5m | $306.0m | $246.7m | $193.5m | $287.9m | $264.3m | $241.7m | |
| Other assets | $6.6m | $4.4m | $21.6m | $2.2m | $128.3m | $117.8m | $90.7m | $138.1m | $142.9m | $198.8m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | — | — | — | — | $208.4m | — | — | |
| Accumulated Depreciation | — | — | — | — | — | — | ($149.5m) | ($232.1m) | ($273.5m) | ($341.9m) | |
| Capital Lease Obligations | — | — | — | — | — | — | $195.3m | $290.2m | $267.3m | $241.6m | |
| Construction In Progress | — | — | — | — | — | — | — | $99.3m | $244.2m | $144.6m | |
| Current Accrued Expenses | — | — | — | — | — | — | $113.1m | $104.9m | $114.0m | $128.8m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $69.9m | $75.3m | $78.4m | $77.0m | |
| Current Debt | — | — | — | — | — | — | $12.8m | $13.2m | $18.6m | $27.9m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $82.6m | $88.5m | $97.0m | $105.0m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $15.2m | $20.3m | $15.2m | $22.4m | |
| Employee Benefits | — | — | — | — | — | — | $18.2m | $87k | — | — | |
| Gross PPE | — | — | — | — | — | — | $1.3b | $1.4b | $1.6b | $1.7b | |
| Income Tax Payable | — | — | — | — | — | — | $13.4m | $8.2m | $16.2m | $22.8m | |
| Interest Payable | — | — | — | — | — | — | $21.3m | $27.6m | $28.9m | $31.3m | |
| Invested Capital | — | — | — | — | — | — | $1.4b | $1.4b | $1.6b | $1.7b | |
| Investments And Advances | — | — | — | — | — | — | $17.6m | $19.9m | $22.4m | $23.9m | |
| Investmentsin Associatesat Cost | — | — | — | — | — | — | $17.6m | $19.9m | $22.4m | $23.9m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $125.4m | $215.0m | $188.9m | $164.5m | |
| Long Term Equity Investment | — | — | — | — | — | — | $17.6m | $19.9m | $22.4m | $23.9m | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $802.9m | $779.9m | $822.0m | $1.0b | |
| Net Debt | — | — | — | — | — | — | $261.9m | $367.8m | $442.3m | $385.2m | |
| Net PPE | — | — | — | — | — | — | $1.1b | $1.2b | $1.3b | $1.4b | |
| Net Tangible Assets | — | — | — | — | — | — | $835.8m | $823.7m | $891.7m | $1.1b | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $39.8m | $42.7m | $39.0m | $46.6m | |
| Ordinary Shares Number | — | — | — | — | — | — | $28.3m | $28.3m | $28.6m | $29.2m | |
| Other Current Borrowings | — | — | — | — | — | — | $12.8m | $13.2m | $18.6m | $27.9m | |
| Other Equity Adjustments | — | — | — | — | — | — | — | ($54.6m) | ($93.7m) | ($57.8m) | |
| Other Non Current Assets | — | — | — | — | — | — | $90.7m | $138.1m | $142.9m | $198.8m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $4.8m | $11.8m | $8.9m | $31.8m | |
| Other Properties | — | — | — | — | — | — | $302.5m | $393.3m | $374.0m | $364.5m | |
| Properties | — | — | — | — | — | — | $180.2m | $175.3m | $173.8m | $190.0m | |
| Restricted Cash | — | — | — | — | — | — | $2.2m | $3.4m | $3.8m | $7.4m | |
| Share Issued | — | — | — | — | — | — | $30.3m | $30.9m | $31.3m | $32.4m | |
| Tangible Book Value | — | — | — | — | — | — | $835.8m | $823.7m | $891.7m | $1.1b | |
| Treasury Shares Number | — | — | — | — | — | — | $2.0m | $2.6m | $2.7m | $3.2m | |
| Working Capital | — | — | — | — | — | — | $292.1m | $253.8m | $293.6m | $329.1m | |
| Restricted cash | — | — | — | — | $2.5m | $3.1m | $2.2m | $3.4m | $3.8m | $7.4m | |
| Investment in unconsolidated affiliates | — | — | — | — | $110.1m | $37.5m | $17.6m | $19.9m | $22.4m | $23.9m | |
| Deferred revenue | — | — | — | — | $12.1m | $13.6m | $15.2m | $20.3m | $15.2m | $22.4m | |
| Current portion of operating lease liabilities | — | — | — | — | $81.5m | $77.9m | $69.9m | $75.3m | $78.4m | $77.0m | |
| Other liabilities and deferred credits | — | — | — | — | $4.5m | $6.7m | $4.8m | $11.7m | $8.9m | $31.8m | |
| Deferred taxes | — | $106.6m | $108.4m | $103.8m | $22.8m | $42.4m | $39.8m | $42.7m | $39.0m | $46.6m | |
| Long-term operating lease liabilities | — | — | $0 | $7.8m | $224.6m | $167.7m | $125.4m | $215.0m | $188.9m | $164.5m | |
| Total Capitalization | — | — | — | — | — | — | $1.3b | $1.4b | $1.6b | $1.7b | |
| Total Debt | — | — | — | — | — | — | $721.0m | $838.3m | $957.1m | $913.0m | |
| Total Non Current Assets | — | — | — | — | — | — | $1.2b | $1.4b | $1.5b | $1.6b | |
| Total Tax Payable | — | — | — | — | — | — | $13.4m | $8.2m | $16.2m | $22.8m | |
| Total Bristow Group Inc. stockholders’ equity | — | — | — | — | $426.5m | $897.6m | $835.8m | $823.7m | $891.7m | $1.1b | |
| Total stockholders’ equity | $468.4m | $445.7m | $463.4m | $456.7m | $426.2m | $897.1m | $835.4m | $823.2m | $891.3m | $1.1b | |
| Assets | $955.2m | $792.1m | $764.9m | $764.5m | — | $2.0b | $1.8b | $1.9b | $2.1b | $2.3b | |
| Total assets | $955.2m | $792.1m | $764.9m | $764.5m | $1.9b | $2.0b | $1.8b | $1.9b | $2.1b | $2.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $955.2m | $792.1m | $764.9m | $764.5m | $1.9b | $2.0b | $1.8b | $1.9b | $2.1b | $2.3b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $1.8m | $81.5m | $77.9m | $76.3m | $75.3m | $78.4m | $77.0m | |
| Accounts Payable, Current | — | — | — | — | $52.1m | $69.5m | $89.6m | $87.9m | $83.5m | $86.3m | |
| Long-term Debt, Current Maturities | $2.1m | $2.7m | $2.1m | $18.3m | $45.7m | $16.0m | $11.7m | $13.2m | $18.6m | $27.9m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $7.8m | — | $167.7m | $166.0m | $215.0m | $188.9m | $164.5m | |
| Long-term Debt, Excluding Current Maturities | $230.1m | $202.2m | $160.2m | $141.8m | $45.7m | $527.5m | $499.8m | $534.8m | $671.2m | $643.5m | |
| Current Deferred Revenue | — | — | — | — | — | — | $15.2m | $20.3m | $15.2m | $22.4m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $190.0m | $200.9m | $213.7m | $237.8m | |
| Accrued wages, benefits and related taxes | $8.5m | $8.3m | $9.3m | $10.6m | $42.9m | $58.6m | $53.4m | $52.7m | $54.4m | $68.7m | |
| Income taxes payable and other accrued taxes | $666k | $28k | $973k | $3.6m | $6.3m | $20.0m | $13.4m | $8.2m | $16.2m | $22.8m | |
| Accrued maintenance and repairs | — | — | — | — | $31.1m | $26.9m | $38.4m | $24.5m | $30.7m | $28.8m | |
| Accrued interest and other accrued liabilities | $2.2m | $1.7m | $878k | $3.3m | $26.3m | $22.6m | $21.3m | $27.6m | $28.9m | $31.3m | |
| Current maturities of long-term debt | $2.1m | $2.7m | $2.1m | $18.3m | $45.7m | $16.0m | $12.8m | $13.2m | $18.6m | $27.9m | |
| Long-term debt, less current maturities | $230.1m | $202.2m | $160.2m | $141.8m | $515.4m | $527.5m | $512.9m | $534.8m | $671.2m | $643.5m | |
| Liabilities, Current | $25.6m | $32.4m | $28.8m | $50.8m | — | $305.1m | $285.6m | $309.8m | $325.9m | $365.2m | |
| Total current liabilities | $25.6m | $32.4m | $28.8m | $50.8m | $298.0m | $305.1m | $287.8m | $309.8m | $325.9m | $365.2m | |
| Deferred Income Tax Liabilities, Net | — | — | $108.4m | $103.8m | — | $42.4m | $48.6m | $42.7m | $39.0m | $46.6m | |
| Other Liabilities, Noncurrent | — | — | — | — | — | $6.7m | $5.0m | $11.7m | $8.9m | $31.8m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $638.4m | $749.8m | $860.1m | $808.1m | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $39.8m | $42.7m | $39.0m | $46.6m | |
| Non Current Pension And Other Postretirement Benefit Plans | — | — | — | — | — | — | $18.2m | $87k | — | — | |
| Deferred Tax Liabilities, Net | $225.5m | $106.6m | $108.4m | $103.8m | — | $42.4m | $29.5m | $32.0m | $13.6m | $3.7m | |
| Liabilities | $482.5m | $342.6m | $298.1m | $305.0m | — | $1.1b | $1.0b | $1.1b | $1.2b | $1.3b | |
| Total liabilities | $482.5m | $342.6m | $298.1m | $305.0m | $1.4b | $1.1b | $988.9m | $1.1b | $1.2b | $1.3b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | $1.6m | $0 | $0 | — | — | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $211k | $215k | $219k | $224k | — | $303k | $306k | $311k | $315k | $325k | |
| Additional Paid in Capital | $438.5m | $443.9m | $447.3m | $452.0m | $295.9m | $687.7m | $709.3m | $725.8m | $742.1m | $762.5m | |
| Retained Earnings (Accumulated Deficit) | $32.5m | $4.4m | $18.3m | $14.7m | $139.2m | $227.0m | $224.7m | $218.0m | $312.8m | $441.7m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $92k | $110k | $110k | $0 | ($8.6m) | ($6.9m) | ($84.1m) | ($54.6m) | ($93.7m) | ($57.8m) | |
| Common Stock Equity | — | — | — | — | — | — | $835.8m | $823.7m | $891.7m | $1.1b | |
| Capital Stock | — | — | — | — | — | — | $303k | $311k | $315k | $325k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | ($23.4m) | ($54.6m) | ($93.7m) | ($57.8m) | |
| Treasury Stock | — | — | — | — | — | — | $51.7m | $65.7m | $69.8m | $87.1m | |
| Common stock, $0.01 par value, 110,000 authorized; 32,357 and 31,320 shares issued, respectively, and 29,177 and 28,628 outstanding as of December 31, 2025 and 2024, respectively | — | — | — | — | — | — | — | 311k | 315k | 325k | |
| Treasury stock, at cost; 3,180 and 2,692 shares as of December 31, 2025 and 2024, respectively | ($2.9m) | ($3.0m) | ($2.5m) | ($10.2m) | $0 | ($10.5m) | ($51.7m) | ($65.7m) | ($69.8m) | ($87.1m) | |
| Accumulated other comprehensive loss | $92k | $110k | $110k | $0 | ($8.6m) | ($6.9m) | ($23.4m) | ($54.6m) | ($93.7m) | ($57.8m) | |
| Common stock, shares outstanding (in shares) | — | — | — | — | — | — | — | — | 28.6m | 29.2m | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | $897.6m | $787.3m | $823.7m | $891.7m | $1.1b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | ($542k) | ($368k) | ($508k) | ($435k) | ($82k) | |
| Minority Interest | — | — | — | — | — | — | ($447k) | ($508k) | ($435k) | ($82k) | |
| Noncontrolling interests | — | — | — | — | ($269k) | ($542k) | ($447k) | ($508k) | ($435k) | ($82k) | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $835.4m | $823.2m | $891.3m | $1.1b | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $701.2m | $804.3m | $908.1m | $886.4m | |
| Liabilities and Equity | $955.2m | $792.1m | $764.9m | $764.5m | — | $2.0b | $1.8b | $1.9b | $2.1b | $2.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.