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SEGMENT INFORMATION
3 Months Ended
Jun. 30, 2017
Segments [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
We conduct our business in one segment: industrial aviation services. The industrial aviation services global operations are conducted primarily through four regions as follows: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region comprises all our operations and affiliates in Europe and Central Asia, including Norway, the U.K. and Turkmenistan. The Africa region comprises all our operations and affiliates on the African continent, including Nigeria and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Guyana, Suriname, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all our operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, we operate a training unit, Bristow Academy, which is included in Corporate and other.
The following tables show region information for the three months ended June 30, 2017 and 2016 and as of June 30 and March 31, 2017, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):
 
 
Three Months Ended 
 June 30,
 
 
2017
 
2016
Region gross revenue from external clients:
 
 
 
 
Europe Caspian
 
$
191,399

 
$
194,824

Africa
 
50,790

 
54,262

Americas
 
55,762

 
58,197

Asia Pacific
 
52,446

 
59,144

Corporate and other
 
1,712

 
2,971

Total region gross revenue
 
$
352,109

 
$
369,398

Intra-region gross revenue:
 
 
 
 
Europe Caspian
 
$
1,036

 
$
2,139

Africa
 

 

Americas
 
2,294

 
847

Asia Pacific
 

 

Corporate and other
 
22

 
245

Total intra-region gross revenue
 
$
3,352

 
$
3,231

Consolidated gross revenue reconciliation:
 
 
 
 
Europe Caspian
 
$
192,435

 
$
196,963

Africa
 
50,790

 
54,262

Americas
 
58,056

 
59,044

Asia Pacific
 
52,446

 
59,144

Corporate and other
 
1,734

 
3,216

Intra-region eliminations
 
(3,352
)
 
(3,231
)
Total consolidated gross revenue
 
$
352,109

 
$
369,398




 
 
Three Months Ended 
 June 30,
 
 
2017
 
2016
Earnings from unconsolidated affiliates, net of losses – equity method investments:
 
 
 
 
Europe Caspian
 
$
30

 
$
51

Americas
 
(535
)
 
3,863

Corporate and other
 
(160
)
 
(84
)
Total earnings from unconsolidated affiliates, net of losses – equity method investments
 
$
(665
)
 
$
3,830

 
 
 
 
 
Consolidated operating income (loss) reconciliation:
 
 
 
 
Europe Caspian
 
$
4,407

 
$
13,030

Africa
 
10,048

 
1,571

Americas
 
(1,256
)
 
921

Asia Pacific
 
(12,530
)
 
(5,893
)
Corporate and other
 
(25,957
)
 
(25,847
)
Gain (loss) on disposal of assets
 
699

 
(10,017
)
Total consolidated operating loss
 
$
(24,589
)
 
$
(26,235
)
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
Europe Caspian
 
$
11,822

 
$
11,189

Africa
 
3,076

 
5,453

Americas
 
6,999

 
11,381

Asia Pacific
 
5,810

 
4,236

Corporate and other
 
3,349

 
2,435

Total depreciation and amortization (1)
 
$
31,056

 
$
34,694

 
 
June 30, 
 2017
 
March 31,  
 2017
Identifiable assets:
 
 
 
 
Europe Caspian
 
$
1,041,670

 
$
1,091,536

Africa
 
425,614

 
325,719

Americas
 
881,049

 
809,071

Asia Pacific
 
343,278

 
433,614

Corporate and other (2)
 
379,219

 
453,907

Total identifiable assets
 
$
3,070,830

 
$
3,113,847

Investments in unconsolidated affiliates – equity method investments:
 
 
 
 
Europe Caspian
 
$
315

 
$
257

Americas
 
195,357

 
200,362

Corporate and other
 
3,216

 
3,257

Total investments in unconsolidated affiliates – equity method investments
 
$
198,888

 
$
203,876


_____________ 
(1) 
Includes accelerated depreciation expense of $6.9 million during the three months ended June 30, 2016 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Europe Caspian, Americas and Africa regions of $0.2 million, $3.9 million and $2.8 million, respectively. For further details, see Note 1.
(2) 
Includes $112.2 million and $199.3 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of June 30 and March 31, 2017, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.