← Bristow Group Inc.

Annual Trend FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($15.7m) ($6.9m) $94.9m $129.4m
Net Income (Loss) Attributable to Parent $8.7m ($8.0m) ($28.2m) $13.9m ($3.6m) ($56.1m) ($15.8m) ($6.8m) $94.8m $129.1m
Net Income (Loss) Available to Common Stockholders, Basic $8.7m ($14.9m) ($28.6m) $13.5m ($4.1m) $76.9m ($15.8m) ($6.9m) $94.9m $129.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $7.9m ($14.9m) ($28.6m) $13.5m ($4.1m) ($56.3m) ($15.7m) ($6.9m) $94.9m $129.4m
Net Income (Loss) Attributable to Noncontrolling Interest ($806k) ($6.9m) ($454k) ($464k) ($488k) ($191k) $78k ($140k) $73k $353k
Depreciation, Depletion and Amortization $47.3m $49.3m $45.7m $39.5m $37.6m $70.1m $75.0m $70.6m $68.3m $70.3m
Amortization — — — — — — — — $14.9m $11.4m
Amortization of Debt Issuance Costs $1.0m $1.5m $1.1m $1.4m $966k ($6.4m) $1.3m $2.8m $3.3m $5.3m
Amortization of Intangible Assets — — — — — $28.1m $20.5m $21.1m $19.1m $17.9m
Depreciation — — — — — — $66.7m $61.9m $59.0m $61.0m
Depreciation Amortization Depletion — — — — — — $87.2m $85.6m $83.2m $81.7m
Depreciation and amortization expense — — — — $124.9m $90.5m $87.2m $85.6m $83.2m $81.7m
Amortization of deferred financing fees $1.0m $1.5m $1.1m $1.4m $966k $0 $1.3m $2.8m $3.3m $5.3m
Amortization of deferred contract costs — — — — — — — $0 $3.6m $11.4m
Discount amortization on long-term debt $246k $189k $234k $253k $274k $16.1m $7.7m $473k $0 $0
Deferred Income Tax Expense (Benefit) $14.2m ($4.6m) ($119.1m) $1.8m ($4.5m) ($15.5m) ($1.7m) $669k ($20.0m) ($10.0m)
Deferred Income Tax — — — — — — ($1.7m) $669k ($20.0m) ($10.0m)
Deferred Tax — — — — — — ($1.7m) $669k ($20.0m) ($10.0m)
Deferred income taxes — — — — ($14.5m) ($15.5m) ($1.7m) $669k ($20.0m) ($10.0m)
Share-based Payment Arrangement, Noncash Expense $3.7m $4.6m $4.6m $2.9m $3.6m $11.5m $11.7m $16.5m $15.8m $16.9m
Payment, Tax Withholding, Share-based Payment Arrangement $127k $0 $0 — — $0 — — — —
Share-based Payment Arrangement, Expense $3.7m $4.6m $4.6m $2.9m $3.6m $11.5m — — — —
Equity Method Investment, Other than Temporary Impairment $0 $0 $0 $0 $0 — — — — —
Goodwill, Impairment Loss $1.9m $0 $117.0m $991k $2.6m — — — — —
Impairment of Intangible Assets, Finite-lived — — — — — — — — — $85.3m
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — $1.0m — — — — —
Asset Impairment Charge — — — — — — $25.1m $0 $0 —
Share-based compensation expense $3.7m $4.6m $4.6m $2.9m $3.6m $11.5m $11.7m $16.5m $15.8m $16.9m
Gain (Loss) on Extinguishment of Debt $1.6m $518k $0 $175k ($13k) ($29.4m) ($124k) $0 — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — ($8.2m) $1.3m $1.1m ($1.0m) $11.8m
Equity Method Investment, Realized Gain (Loss) on Disposal $0 $0 — — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $6.0m $4.8m $4.5m $1.6m $3.7m — — — — —
Gain (Loss) on Disposition of Assets — — — — — ($6.4m) — — — —
Gain (Loss) on Disposition of Business $12.9m $0 $0 — — $0 ($2.0m) $0 — —
Income (Loss) from Equity Method Investments ($1.9m) $1.1m $1.4m $2.2m $9.9m $383k ($1.7m) $7.2m $4.1m $3.2m
Income Tax Expense (Benefit) $14.1m ($3.4m) ($122.7m) $2.9m ($731k) ($355k) $11.3m $24.9m $7.2m $21.8m
Interest Expense Nonoperating — — — — — — — — $37.6m $39.9m
Operating Lease, Expense — — — — $4.0m — — — — —
Other Nonoperating Income (Expense) $45k $69k ($12k) $54k ($28k) $27.5m $38.5m ($9.9m) ($1.9m) $23.0m
Earnings (Loss)es From Equity Investments — — — — — — $1.7m ($6.8m) ($3.7m) ($1.4m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — — — ($3.5m) ($1.7m) $6.8m $3.7m $1.4m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — — ($39.9m) ($10.6m) $27.0m ($9.3m) ($7.7m)
Foreign Currency Transaction Gain (Loss), before Tax ($2.6m) $7k ($226k) ($1.0m) ($472k) — $7.0m ($10.7m) ($8.9m) $22.5m
Foreign Currency Transaction Gain (Loss), Realized ($3.0m) $96k ($190k) ($1.0m) ($481k) — — — — —
Gain (Loss) on Sale of Derivatives ($18k) $0 $0 — ($569k) — — — — —
Gain (Loss) Related to Litigation Settlement — — — $42.0m $0 — — — — —
General and Administrative Expense $42.8m $36.2m $42.1m $45.1m $38.3m — — — $175.6m $174.1m
Goodwill $0 — — — — $0 — — — —
Insured Event, Gain (Loss) — — — — — $2.6m $0 — — —
Investment Income, Interest $1.2m $741k $760k $2.0m $3.5m — — — — —
Nonoperating Income (Expense) ($335k) ($16.0m) ($16.2m) ($13.9m) ($11.5m) $46.3m ($5.6m) ($42.7m) ($30.5m) ($7.6m)
Operating Costs and Expenses $171.5m $169.9m $167.4m $151.5m $154.5m — — — — —
Proceeds from Stock Options Exercised — — — — — — — — $507k $1.4m
Operating Cash Flow $44.5m $58.5m $20.1m $54.4m $27.6m $96.8m $123.9m $32.0m $177.4m $198.4m
Cash Flow From Continuing Operating Activities $44.5m $58.5m $20.1m $54.4m $27.6m $96.8m $123.9m $32.0m $177.4m $198.4m
Beginning Cash Position — — — — — — $231.1m $163.7m $183.7m $251.3m
Cash Flow From Continuing Financing Activities — — — — — — ($63.5m) $22.0m $141.1m ($66.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($17.4m) ($47.3m) ($246.0m) ($87.3m)
Change In Account Payable — — — — — — ($20.8m) $7.7m $34.7m $68.9m
Change In Inventory — — — — — — $15.9m ($39.8m) ($44.7m) ($99.8m)
Change In Payable — — — — — — ($20.8m) $7.7m $34.7m $68.9m
Change In Payables And Accrued Expense — — — — — — ($20.8m) $7.7m $34.7m $68.9m
Change In Receivables — — — — — — $10.6m ($27.0m) $9.3m $7.7m
Change In Working Capital — — — — — — $5.7m ($59.1m) ($702k) ($23.1m)
Changes In Account Receivables — — — — — — $10.6m ($27.0m) $9.3m $7.7m
Changes In Cash — — — — — — $43.0m $6.8m $72.6m $45.0m
End Cash Position — — — — — — $266.0m $183.7m $251.3m $293.6m
Financing Cash Flow — — — — — — ($63.5m) $22.0m $141.1m ($66.0m)
Free Cash Flow — — — — — — $92.8m ($49.5m) ($78.0m) $56.4m
Gain Loss On Sale Of Business — — — — — — $2.0m $0 — —
Investing Cash Flow — — — — — — ($17.4m) ($47.3m) ($246.0m) ($87.3m)
Net Business Purchase And Sale — — — — — — ($851k) $0 $0 —
Operating Gains Losses — — — — — — $2.5m ($7.9m) ($2.7m) ($13.2m)
Other Non Cash Items — — — — — — $9.0m $3.3m $6.9m $16.8m
Proceeds From Stock Option Exercised — — — — — — — $0 $507k $1.4m
Purchase Of Business — — — — — — ($851k) $0 $0 —
Repurchase Of Capital Stock — — — — — — ($41.2m) ($2.7m) ($4.1m) ($15.2m)
Stock Based Compensation — — — — — — $11.7m $16.5m $15.8m $16.9m
Losses (gains) on disposal of assets — — — — $27.8m $8.2m ($1.3m) ($1.1m) $1.0m ($11.8m)
Accounts receivable — — — — $19.2m $39.9m $10.6m ($27.0m) $9.3m $7.7m
Inventory, prepaid expenses, and other assets — — — — ($5.9m) $13.5m $15.9m ($39.8m) ($44.7m) ($99.8m)
Accounts payable, accrued expenses and other liabilities — — — — ($63.7m) ($36.4m) ($20.8m) $7.7m $34.7m $68.9m
Proceeds from asset dispositions $25.3m $28.6m $9.4m $29.6m $13.3m $67.9m $14.5m $34.2m $9.4m $54.7m
Proceeds from borrowings — — — — $470k $400.0m $0 $169.5m $164.6m $5.8m
Exercise of stock options — — — — — — — $0 $507k $1.4m
Purchase of treasury shares ($2.1m) ($161k) ($52k) $0 ($7.7m) ($10.5m) ($41.2m) ($2.7m) ($4.1m) ($15.2m)
Interest — — — — — — $32.0m $39.5m $43.3m $46.8m
Income taxes, net — — — — — — $12.0m $19.3m $20.8m $26.7m
Gain (Loss) on Derivative Instruments, Net, Pretax ($18k) $0 $0 — ($569k) — — — — —
Net Cash Provided by (Used in) Operating Activities $44.5m $58.5m $20.1m $54.4m $27.6m $96.8m $123.9m $32.0m $177.4m $198.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $60.0m $39.2m $16.8m $9.2m $6.6m $14.8m $31.1m $81.5m $255.4m $142.0m
Capital Expenditure Reported — — — — — — ($31.1m) ($81.5m) ($255.4m) ($142.0m)
Payments to Acquire Businesses, Net of Cash Acquired $1.7m $0 $0 — — — — $0 $0 —
Payments to Acquire Investments — — — — $5.0m — — — — —
Payments for (Proceeds from) Other Investing Activities ($688k) ($723k) ($761k) ($518k) ($2.3m) — — — — —
Net Other Investing Changes — — — — — — $14.5m $34.2m $9.4m $54.7m
Net Cash Provided by (Used in) Investing Activities ($22.8m) ($12.8m) ($6.0m) $22.8m $48.6m $173.3m ($17.4m) ($47.3m) ($246.0m) ($87.3m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $0 $169.5m $164.6m $5.8m
Long Term Debt Issuance — — — — — — $0 $169.5m $164.6m $5.8m
Net Issuance Payments Of Debt — — — — — — ($19.2m) $27.5m $149.2m ($52.0m)
Net Long Term Debt Issuance — — — — — — ($19.2m) $27.5m $149.2m ($52.0m)
Debt issuance costs ($71k) ($886k) $0 ($1.3m) $0 ($6.4m) ($3.1m) ($2.7m) ($4.5m) ($238k)
Repayments of Long-term Debt — — — — — $618.1m $19.2m $142.0m $15.4m $57.8m
Long Term Debt Payments — — — — — — ($19.2m) ($142.0m) ($15.4m) ($57.8m)
Repayment Of Debt — — — — — — ($19.2m) ($142.0m) ($15.4m) ($57.8m)
Repayment of debt — — — — ($61.1m) ($618.1m) ($19.2m) ($142.0m) ($15.4m) ($57.8m)
Net Common Stock Issuance — — — — — — ($41.2m) ($2.7m) ($4.1m) ($15.2m)
Payments for Repurchase of Common Stock $2.1m $161k $52k $0 $7.7m $10.5m $41.2m $2.7m $4.1m $15.2m
Common Stock Payments — — — — — — ($41.2m) ($2.7m) ($4.1m) ($15.2m)
Earnings from unconsolidated affiliates, net of dividends received — — — — $4 $4 $2 ($7) ($4) ($1)
Net Other Financing Charges — — — — — — ($3.1m) ($2.7m) ($4.5m) ($238k)
Net Cash Provided by (Used in) Financing Activities ($46.0m) ($33.0m) ($27.5m) ($43.5m) ($9.4m) ($245.6m) ($63.5m) $22.0m $141.1m ($66.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($236k) $81k $249k ($130k) $7.5m ($8.1m) $13.2m ($5.0m) ($2.7m)
Effect Of Exchange Rate Changes — — — — — — ($8.1m) $13.2m ($5.0m) ($2.7m)
Effect of exchange rate changes on cash, cash equivalents and restricted cash — ($236k) $81k $249k ($130k) $7.5m ($8.1m) $13.2m ($5.0m) ($2.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($236k) $81k $33.9m $66.6m $32.0m $34.9m $20.0m $67.6m $42.4m
Net increase in cash, cash equivalents and restricted cash — $16.2m ($13.9m) $33.9m $66.6m $32.0m $34.9m $20.0m $67.6m $42.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($236k) $81k $50.8m $117.4m $231.1m $266.0m $183.7m $251.3m $293.6m
Cash, cash equivalents and restricted cash at beginning of period — $30.7m $16.8m $50.8m $117.4m $231.1m $266.0m $183.7m $251.3m $293.6m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $34.9m $20.0m $67.6m $42.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — $32.3m $32.0m $39.5m $43.3m $46.8m
Income Taxes Paid, Net $6.0m ($6.0m) — $283k $1.3m $15.1m $12.0m $19.3m $20.8m $26.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.