Bristow Group Inc (VTOL) financial statements: income statement, balance sheet and cash flow
Bristow Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Bristow Group Inc reported revenue of $1.5B (+5.3% year on year) and net income of $129.4M (+36.4% year on year).
Income statement
Bristow Group Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Mar 31, 2022 · FY
Total revenues
$1.5B
$1.4B
$1.3B
$1.2B
Personnel
$379.0M
$340.6M
—
—
Repairs and maintenance
$236.9M
$273.3M
—
—
Insurance
$24.9M
$24.9M
—
—
Fuel
$81.4M
$86.9M
—
—
Leased-in equipment
$106.6M
$103.5M
—
—
Other
$273.4M
$212.9M
—
—
Total operating expenses
$1.1B
$1.0B
—
—
General and administrative expenses
$174.1M
$175.6M
$181.7M
$159.1M
Merger and integration costs
$0
$0
$2.2M
$3.2M
Depreciation and amortization expense
$70.3M
$68.3M
$70.6M
$75.0M
Total costs and expenses
$1.3B
$1.3B
$1.2B
$1.2B
Gains (losses) on disposal of assets
$11.8M
($1.0M)
$1.1M
$1.3M
Earnings from unconsolidated affiliates
$3.2M
$4.1M
$7.2M
—
Operating income
$158.8M
$132.6M
$60.8M
$1.2M
Interest income
$9.4M
$8.9M
$8.6M
$161.0K
Interest expense, net
($39.9M)
($37.6M)
($41.4M)
—
Other, net
$23.0M
($1.9M)
($9.9M)
$38.5M
Total other income (expense), net
($7.6M)
($30.5M)
($42.7M)
($5.6M)
Income before income taxes
$151.2M
$102.1M
$18.0M
($4.4M)
Income tax expense
($21.8M)
($7.2M)
($24.9M)
($11.3M)
Net income (loss)
$129.4M
$94.9M
($6.9M)
($15.7M)
Net loss (income) attributable to noncontrolling interests
($353.0K)
($73.0K)
$140.0K
($78.0K)
Net income (loss) attributable to Bristow Group Inc.
$129.1M
$94.8M
($6.8M)
($15.8M)
Basic (in dollars per share)
$4.47
$3.32
-$0.24
-$0.55
Diluted (in dollars per share)
$4.32
$3.21
-$0.24
-$0.55
Basic (in shares)
28.9M
28.5M
28.1M
28.5M
Diluted (in shares)
29.9M
29.6M
28.1M
28.5M
Bristow Group Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$411.8M
$388.7M
$386.3M
$376.4M
Personnel
$101.2M
$103.6M
$98.6M
$88.7M
Repairs and maintenance
$60.6M
$68.6M
$55.5M
$64.8M
Insurance
$6.0M
$6.6M
$5.8M
$6.1M
Fuel
$33.3M
$20.1M
$21.4M
$20.4M
Leased-in equipment
$28.9M
$28.5M
$26.7M
$26.5M
Other
$73.0M
$66.1M
$75.0M
$71.9M
Total operating expenses
$302.9M
$293.5M
$283.1M
$278.5M
General and administrative expenses
$43.2M
$44.3M
$43.2M
$44.4M
Depreciation and amortization expense
$28.9M
$24.4M
$17.7M
$17.3M
Total costs and expenses
$375.0M
$362.2M
$344.0M
$340.2M
Gains on disposal of assets
$138.0K
$7.6M
$8.2M
$6.2M
Earnings from unconsolidated affiliates
$2.7M
$506.0K
($2.0K)
$180.0K
Operating income
$39.6M
$34.7M
$50.5M
$42.6M
Interest income
$2.9M
$3.9M
$2.3M
$2.0M
Interest expense, net
($12.2M)
($13.8M)
($10.0M)
($10.0M)
Loss on extinguishment of debt
$0
($2.8M)
—
—
Other, net
($8.9M)
($5.4M)
($3.1M)
$17.6M
Total other income (expense), net
($18.3M)
($18.1M)
($10.8M)
$9.6M
Income before income taxes
$21.3M
$16.6M
$39.7M
$52.2M
Income tax expense
($108.0K)
($3.5M)
$11.8M
($20.4M)
Net income
$21.2M
$13.1M
$51.6M
$31.8M
Net loss (income) attributable to noncontrolling interests
($26.0K)
$41.0K
($47.0K)
($31.0K)
Net income attributable to Bristow Group Inc.
$21.2M
$13.1M
$51.5M
$31.7M
Basic (in dollars per share)
$0.71
$0.45
$1.79
$1.10
Diluted (in dollars per share)
$0.70
$0.44
$1.72
$1.07
Basic (in shares)
29.6M
29.3M
28.9M
28.8M
Diluted (in shares)
30.0M
30.1M
29.9M
29.8M
Balance sheet
Bristow Group Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Mar 31, 2022 · FY
Cash and cash equivalents
$286.2M
$247.5M
$180.3M
$263.8M
Restricted cash
$7.4M
$3.8M
$3.4M
$2.2M
Accounts receivable, net
$217.1M
$211.6M
$234.6M
$203.8M
Inventories
$132.7M
$114.5M
$99.9M
$81.7M
Prepaid expenses and other current assets
$50.8M
$42.1M
$45.4M
$28.4M
Total current assets
$694.3M
$619.5M
$563.6M
$579.9M
Property and equipment, net
$1.2B
$1.1B
$927.8M
$942.6M
Investment in unconsolidated affiliates
$23.9M
$22.4M
$19.9M
$17.6M
Right-of-use assets
$241.7M
$264.3M
$287.9M
$193.5M
Other assets
$198.8M
$142.9M
$138.1M
$90.7M
Total assets
$2.3B
$2.1B
$1.9B
$1.8B
Accounts payable
$86.3M
$83.5M
$87.9M
$63.5M
Accrued wages, benefits and related taxes
$68.7M
$54.4M
$52.7M
$53.4M
Income taxes payable and other accrued taxes
$22.8M
$16.2M
$8.2M
$13.4M
Deferred revenue
$22.4M
$15.2M
$20.3M
$15.2M
Accrued maintenance and repairs
$28.8M
$30.7M
$24.5M
$38.4M
Current portion of operating lease liabilities
$77.0M
$78.4M
$75.3M
$69.9M
Accrued interest and other accrued liabilities
$31.3M
$28.9M
$27.6M
$21.3M
Current maturities of long-term debt
$27.9M
$18.6M
$13.2M
$12.8M
Total current liabilities
$365.2M
$325.9M
$309.8M
$287.8M
Long-term debt, less current maturities
$643.5M
$671.2M
$534.8M
$512.9M
Other liabilities and deferred credits
$31.8M
$8.9M
$11.7M
$4.8M
Deferred taxes
$46.6M
$39.0M
$42.7M
$39.8M
Long-term operating lease liabilities
$164.5M
$188.9M
$215.0M
$125.4M
Total liabilities
$1.3B
$1.2B
$1.1B
$988.9M
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
325.0K
315.0K
—
—
Additional paid-in capital
$762.5M
$742.1M
$725.8M
$699.4M
Retained earnings
$441.7M
$312.8M
$218.0M
$211.2M
Treasury stock, at cost; 3,180 and 2,692 shares as of December 31, 2025 and 2024, respectively
-87.1M
-69.8M
-65.7M
-51.7M
Accumulated other comprehensive loss
($57.8M)
($93.7M)
($54.6M)
($23.4M)
Total Bristow Group Inc. stockholders’ equity
$1.1B
$891.7M
$823.7M
$835.8M
Noncontrolling interests
($82.0K)
($435.0K)
($508.0K)
($447.0K)
Total stockholders’ equity
$1.1B
$891.3M
$823.2M
$835.4M
Total liabilities and stockholders’ equity
$2.3B
$2.1B
$1.9B
$1.8B
Common stock, shares outstanding (in shares)
29.2M
—
—
—
Bristow Group Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$312.3M
$342.1M
$245.5M
$251.8M
Restricted cash
$2.5M
$2.5M
$5.2M
$4.1M
Accounts receivable, net of allowance of $175 and $181, respectively
$246.3M
$261.5M
$233.6M
$226.7M
Inventories
$137.2M
$132.8M
$135.4M
$135.6M
Prepaid expenses and other current assets
$56.3M
$52.8M
$58.6M
$52.1M
Total current assets
$754.5M
$791.6M
$678.3M
$670.2M
Property and equipment, net of accumulated depreciation of $379,756 and $341,888, respectively
$1.2B
$1.1B
$1.1B
$1.2B
Investment in unconsolidated affiliates
$24.6M
$24.4M
$23.3M
$23.3M
Right-of-use assets
$225.4M
$245.5M
$251.4M
$260.0M
Other assets
$194.4M
$196.3M
$171.3M
$171.4M
Total assets
$2.4B
$2.4B
$2.3B
$2.3B
Accounts payable
$76.5M
$80.3M
$90.8M
$109.2M
Accrued wages, benefits and related taxes
$53.4M
$61.8M
$52.6M
$49.7M
Income taxes payable and other accrued taxes
$15.5M
$28.4M
$30.4M
$21.1M
Deferred revenue
$30.2M
$27.7M
$26.0M
$24.3M
Accrued maintenance and repairs
$26.5M
$39.4M
$27.9M
$32.9M
Current portion of operating lease liabilities
$68.4M
$74.5M
$80.1M
$81.2M
Accrued interest and other accrued liabilities
$36.0M
$27.9M
$25.2M
$27.9M
Current maturities of long-term debt
$27.4M
$27.4M
$22.1M
$24.8M
Total current liabilities
$333.9M
$367.4M
$355.3M
$371.1M
Long-term debt, less current maturities
$718.1M
$727.4M
$652.8M
$680.4M
Other liabilities and deferred credits
$40.7M
$33.7M
$28.1M
$25.1M
Deferred taxes
$44.8M
$47.1M
$27.8M
$49.9M
Long-term operating lease liabilities
$155.9M
$170.7M
$169.5M
$177.6M
Total liabilities
$1.3B
$1.3B
$1.2B
$1.3B
Common stock, $0.01 par value, 110,000 authorized; 33,062 and 32,357 issued, respectively, and 29,642 and 29,177 outstanding, respectively
$332.0K
$332.0K
$321.0K
$319.0K
Additional paid-in capital
$771.0M
$767.0M
$756.2M
$750.4M
Retained earnings
$468.4M
$451.0M
$423.3M
$371.8M
Treasury stock, at cost; 3,420 and 3,180 shares, respectively
-98.2M
-98.2M
-78.9M
-78.3M
Accumulated other comprehensive loss
($52.3M)
($61.2M)
($64.4M)
($59.9M)
Total Bristow Group Inc. stockholders’ equity
$1.1B
$1.1B
$1.0B
$984.4M
Noncontrolling interests
($97.0K)
($123.0K)
($335.0K)
($382.0K)
Total stockholders’ equity
$1.1B
$1.1B
$1.0B
$984.0M
Total liabilities and stockholders’ equity
$2.4B
$2.4B
$2.3B
$2.3B
Cash flow statement
Bristow Group Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Mar 31, 2022 · FY
Net income (loss)
$129.4M
$94.9M
($6.9M)
($15.7M)
Depreciation and amortization expense
$81.7M
$83.2M
$85.6M
$87.2M
Losses (gains) on disposal of assets
($11.8M)
$1.0M
($1.1M)
($1.3M)
Earnings from unconsolidated affiliates, net of dividends received
($1.4M)
($3.7M)
($6.8M)
$1.7M
Deferred income taxes
($10.0M)
($20.0M)
$669.0K
($1.7M)
Share-based compensation expense
$16.9M
$15.8M
$16.5M
$11.7M
Amortization of deferred financing fees
$5.3M
$3.3M
$2.8M
$1.3M
Amortization of deferred contract costs
$11.4M
$3.6M
—
—
Discount amortization on long-term debt
$0
$0
$473.0K
$7.7M
Accounts receivable
$7.7M
$9.3M
($27.0M)
$10.6M
Inventory, prepaid expenses, and other assets
($99.8M)
($44.7M)
($39.8M)
$15.9M
Accounts payable, accrued expenses and other liabilities
$68.9M
$34.7M
$7.7M
($20.8M)
Net cash provided by operating activities
$198.4M
$177.4M
$32.0M
$123.9M
Capital expenditures
($142.0M)
($255.4M)
($81.5M)
($31.1M)
Proceeds from asset dispositions
$54.7M
$9.4M
$34.2M
$14.5M
Net cash used in investing activities
($87.3M)
($246.0M)
($47.3M)
($17.4M)
Proceeds from borrowings
$5.8M
$164.6M
$169.5M
$0
Debt issuance costs
($238.0K)
($4.5M)
($2.7M)
($3.1M)
Repayment of debt
($57.8M)
($15.4M)
($142.0M)
($19.2M)
Exercise of stock options
$1.4M
$507.0K
—
—
Purchase of treasury shares
-15.2M
-4.1M
-2.7M
-41.2M
Net cash provided by (used in) financing activities
($66.0M)
$141.1M
$22.0M
($63.5M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
($2.7M)
($5.0M)
$13.2M
($8.1M)
Net increase in cash, cash equivalents and restricted cash
$42.4M
$67.6M
$20.0M
$34.9M
Cash, cash equivalents and restricted cash at beginning of period
$251.3M
$183.7M
$163.7M
$231.1M
Cash, cash equivalents and restricted cash at end of period
$293.6M
$251.3M
$183.7M
$266.0M
Interest
$46.8M
$43.3M
$39.5M
—
Income taxes, net
$26.7M
$20.8M
$19.3M
—
Bristow Group Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$34.2M
$13.1M
$110.8M
$59.2M
Depreciation and amortization expense
$58.3M
$25.8M
$61.1M
$41.1M
Gains on disposal of assets
($7.8M)
($7.6M)
($13.9M)
($5.7M)
Earnings from unconsolidated affiliates
($731.0K)
($506.0K)
($880.0K)
($882.0K)
Loss on extinguishment of debt
$2.8M
$2.8M
—
—
Deferred income taxes
($997.0K)
$1.3M
($11.2M)
$12.0M
Stock-based compensation expense
$8.0M
$3.9M
$12.8M
$8.3M
Amortization of deferred financing fees
$1.8M
$897.0K
$4.5M
$2.5M
Amortization of deferred contract costs
$8.7M
$4.2M
$7.7M
$4.0M
Accounts receivable
($27.5M)
($42.8M)
($8.2M)
($2.9M)
Inventory, prepaid expenses and other assets
($25.6M)
($9.7M)
($79.0M)
($63.0M)
Accounts payable, accrued expenses and other liabilities
($18.4M)
$278.0K
$37.9M
$43.6M
Net cash provided by operating activities
$32.8M
($8.3M)
$121.5M
$98.4M
Capital expenditures
($108.7M)
($41.3M)
($112.9M)
($83.7M)
Proceeds from asset dispositions
$30.0M
$24.9M
$52.7M
$24.1M
Net cash used in investing activities
($78.6M)
($16.4M)
($60.2M)
($59.6M)
Proceeds from borrowings
$500.0M
$500.0M
$5.8M
$5.8M
Debt issuance costs
($11.9M)
($10.6M)
($238.0K)
($238.0K)
Repayments of debt
($413.7M)
($404.0M)
($53.7M)
($24.9M)
Exercise of stock options
$519.0K
$519.0K
$1.3M
$4.0K
Purchase of treasury stock
($11.0M)
($11.0M)
($9.1M)
($8.5M)
Dividend payments
($7.4M)
($3.7M)
—
—
Net cash provided by (used in) financing activities
$56.5M
$71.2M
($56.0M)
($27.8M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$10.4M
$4.3M
($5.9M)
($6.5M)
Net increase in cash, cash equivalents and restricted cash
$21.1M
$50.9M
($576.0K)
$4.6M
Cash, cash equivalents and restricted cash at beginning of period
$293.6M
$293.6M
$251.3M
$251.3M
Cash, cash equivalents and restricted cash at end of period