← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | $7.9m | ($14.9m) | ($28.6m) | $13.5m | ($4.1m) | ($56.3m) | ($15.7m) | ($6.9m) | $94.9m | $129.4m | $104.5m | |
| Net Income (Loss) Attributable to Parent | $8.7m |
($8.0m)
-191.65%
|
($28.2m)
-252.98%
|
$13.9m
+149.44%
|
($3.6m)
-125.81%
|
($56.1m)
-1461.20%
|
($15.8m)
+71.85%
|
($6.8m)
+57.06%
|
$94.8m
+1498.19%
|
$129.1m
+36.16%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $8.7m |
($14.9m)
-271.28%
|
($28.6m)
-91.92%
|
$13.5m
+147.03%
|
($4.1m)
-130.32%
|
$76.9m
+1983.19%
|
($15.8m)
-120.55%
|
($6.9m)
+56.18%
|
$94.9m
+1470.95%
|
$129.4m
+36.43%
|
— | |
| 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 | $98.8m | |
| 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 | $98.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $87.2m | $85.6m | $83.2m | $81.7m | $98.8m | |
| Depreciation and amortization expense | — | — | — | — | $124.9m | $90.5m | $87.2m | $85.6m | $83.2m | $81.7m | $98.8m | |
| 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) | ($23.1m) | |
| Deferred Income Tax | — | — | — | — | ($14.5m) | ($15.5m) | ($1.7m) | $669k | ($20.0m) | ($10.0m) | ($23.1m) | |
| Deferred Tax | — | — | — | — | — | — | ($1.7m) | $669k | ($20.0m) | ($10.0m) | ($23.1m) | |
| 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 | $16.6m | |
| 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 | — | — | — | — | $16.6m | |
| Share-based compensation expense | $3.7m | $4.6m | $4.6m | $2.9m | $3.6m | $11.5m | $11.7m | $16.5m | $15.8m | $16.9m | $16.6m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $1.9m | $0 | $117.0m | $991k | $2.6m | — | — | — | — | — | $0 | |
| 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 | — | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $0 | $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 | — | |
| 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) | ($1.3m) | |
| Nonoperating Income (Expense) | ($335k) | ($16.0m) | ($16.2m) | ($13.9m) | ($11.5m) | $46.3m | ($5.6m) | ($42.7m) | ($30.5m) | ($7.6m) | — | |
| 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: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $5.7m | ($59.1m) | ($702k) | ($23.1m) | ($72.4m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | ($39.9m) | ($10.6m) | $27.0m | ($9.3m) | ($7.7m) | ($16.9m) | |
| Change In Receivables | — | — | — | — | — | — | $10.6m | ($27.0m) | $9.3m | $7.7m | ($16.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $10.6m | ($27.0m) | $9.3m | $7.7m | ($16.9m) | |
| Accounts receivable | — | — | — | — | $19.2m | $39.9m | $10.6m | ($27.0m) | $9.3m | $7.7m | ($16.9m) | |
| Change In Inventory | — | — | — | — | — | — | $15.9m | ($39.8m) | ($44.7m) | ($99.8m) | ($62.4m) | |
| 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 | $6.9m | |
| Net Cash Provided by (Used in) Operating Activities | $44.5m |
$58.5m
+31.60%
|
$20.1m
-65.65%
|
$54.4m
+170.47%
|
$27.6m
-49.31%
|
$96.8m
+251.51%
|
$123.9m
+27.89%
|
$32.0m
-74.13%
|
$177.4m
+453.80%
|
$198.4m
+11.83%
|
$132.8m
-33.07%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | ($8.2m) | $1.3m | $1.1m | ($1.0m) | $11.8m | ($12.3m) | |
| 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 | — | — | — | — | — | ($12.3m) | |
| 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 | ($167.0m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($31.1m) | ($81.5m) | ($255.4m) | ($142.0m) | ($167.0m) | |
| Payments to Acquire Investments | — | — | — | — | $5.0m | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.7m | $0 | $0 | — | — | — | — | $0 | $0 | — | $0 | |
| 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 | $60.6m | |
| 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) | ($106.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $1.6m | $518k | $0 | $175k | ($13k) | ($29.4m) | ($124k) | $0 | — | — | — | |
| Proceeds from borrowings | — | — | — | — | $470k | $400.0m | $0 | $169.5m | $164.6m | $5.8m | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $169.5m | $164.6m | $5.8m | $500.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $169.5m | $164.6m | $5.8m | $500.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($19.2m) | $27.5m | $149.2m | ($52.0m) | $53.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($19.2m) | $27.5m | $149.2m | ($52.0m) | $53.4m | |
| 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 | ($446.6m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($19.2m) | ($142.0m) | ($15.4m) | ($57.8m) | ($446.6m) | |
| Repayment Of Debt | — | — | — | — | ($61.1m) | ($618.1m) | ($19.2m) | ($142.0m) | ($15.4m) | ($57.8m) | ($446.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($41.2m) | ($2.7m) | ($4.1m) | ($15.2m) | ($17.8m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($41.2m) | ($2.7m) | ($4.1m) | ($15.2m) | ($17.8m) | |
| 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) | ($17.8m) | |
| 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) | ($11.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($46.0m) |
($33.0m)
+28.33%
|
($27.5m)
+16.64%
|
($43.5m)
-58.23%
|
($9.4m)
+78.34%
|
($245.6m)
-2506.02%
|
($63.5m)
+74.15%
|
$22.0m
+134.71%
|
$141.1m
+540.36%
|
($66.0m)
-146.81%
|
$18.3m
+127.69%
|
|
| 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 | $300.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $231.1m | $163.7m | $183.7m | $251.3m | $255.9m | |
| 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 | — | |
| 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) | $14.2m | |
| 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 | $300.5m | |
| Effect Of Exchange Rate Changes | — | ($236k) | $81k | $249k | ($130k) | $7.5m | ($8.1m) | $13.2m | ($5.0m) | ($2.7m) | $14.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($6.4m) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $12.9m | $0 | $0 | — | — | $0 | ($2.0m) | $0 | — | — | — | |
| 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 | — | — | — | — | — | — | |
| Additional Financial Items | ||||||||||||
| 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 | — | — | — | — | $0 | |
| Insured Event, Gain (Loss) | — | — | — | — | — | $2.6m | $0 | — | — | — | — | |
| Investment Income, Interest | $1.2m | $741k | $760k | $2.0m | $3.5m | — | — | — | — | — | — | |
| 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
+31.60%
|
$20.1m
-65.65%
|
$54.4m
+170.47%
|
$27.6m
-49.31%
|
$96.8m
+251.51%
|
$123.9m
+27.89%
|
$32.0m
-74.13%
|
$177.4m
+453.80%
|
$198.4m
+11.83%
|
$132.8m
-33.07%
|
|
| 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 | $132.8m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($63.5m) | $22.0m | $141.1m | ($66.0m) | $18.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($17.4m) | ($47.3m) | ($246.0m) | ($87.3m) | ($106.4m) | |
| Change In Account Payable | — | — | — | — | — | — | ($20.8m) | $7.7m | $34.7m | $68.9m | $6.9m | |
| Change In Payable | — | — | — | — | — | — | ($20.8m) | $7.7m | $34.7m | $68.9m | $6.9m | |
| Changes In Cash | — | — | — | — | — | — | $43.0m | $6.8m | $72.6m | $45.0m | $44.7m | |
| End Cash Position | — | — | — | — | — | — | $266.0m | $183.7m | $251.3m | $293.6m | $300.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($63.5m) |
$22.0m
+134.71%
|
$141.1m
+540.36%
|
($66.0m)
-146.81%
|
$18.3m
+127.69%
|
|
| Free Cash Flow | — | — | — | — | — | — | $92.8m | ($49.5m) | ($78.0m) | $56.4m | ($34.2m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $2.0m | $0 | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($17.4m) | ($47.3m) | ($246.0m) | ($87.3m) | ($106.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($851k) | $0 | $0 | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $2.5m | ($7.9m) | ($2.7m) | ($13.2m) | ($12.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $9.0m | $3.3m | $6.9m | $16.8m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | — | $0 | $507k | $1.4m | $1.9m | |
| Purchase Of Business | — | — | — | — | — | — | ($851k) | $0 | $0 | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $11.7m | $16.5m | $15.8m | $16.9m | $16.6m | |
| Losses (gains) on disposal of assets | — | — | — | — | $27.8m | $8.2m | ($1.3m) | ($1.1m) | $1.0m | ($11.8m) | — | |
| Proceeds from asset dispositions | $25.3m | $28.6m | $9.4m | $29.6m | $13.3m | $67.9m | $14.5m | $34.2m | $9.4m | $54.7m | — | |
| 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 | — | — | — | — | — | $32.3m | $32.0m | $39.5m | $43.3m | $46.8m | $43.8m | |
| Income taxes, net | — | — | — | — | — | — | $12.0m | $19.3m | $20.8m | $26.7m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($18k) | $0 | $0 | — | ($569k) | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $34.9m | $20.0m | $67.6m | $42.4m | — | |
| Income Taxes Paid, Net | $6.0m | ($6.0m) | — | $283k | $1.3m | $15.1m | $12.0m | $19.3m | $20.8m | $26.7m | — |