Bristow Group Inc.

Listed Company

VTOLCIK 0001525221NYSELarge AcceleratedAir Transportation, NonscheduledFY ends Dec 31

Period

FY 2025

Revenue

$1.49B

Net Income

$129.07M

Total Assets

$2.31B

Equity

$1.06B

Shares Out

29.19M

Op. Cash Flow

$198.41M

Business

Bristow Group Inc. is a leading global provider of innovative and sustainable vertical flight solutions, delivering aviation services to offshore energy companies and government entities. The company offers personnel transportation, search and rescue (SAR), medevac, fixed wing transport, unmanned systems, ad‑hoc helicopter services, dry‑leasing and regional airline operations. Its business is organized into three operating segments: Offshore Energy Services, Government Services and Other Services. Bristow operates across Europe, the Americas, Africa, Asia and Australia through country-specific Air Operator Certificates, contracts, charters, leases and scheduled airline services.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-03-31
Total revenues	1,491	1,415	1,297	1,210	1,185
Personnel	379	341	324	—	—
Repairs and maintenance	237	273	254	—	—
Insurance	25	25	24	—	—
Fuel	81	87	91	—	—
Leased-in equipment	107	104	99	—	—
Other	273	213	198	—	—
Total operating expenses	1,102	1,042	990	—	—
General and administrative expenses	174	176	182	—	—
Merger and integration costs	0	0	2	—	3
Depreciation and amortization expense	70	68	71	—	75
Total costs and expenses	1,347	1,286	1,245	1,179	1,159
Gains (losses) on disposal of assets	12	−1	1	−521,000	1
Earnings from unconsolidated affiliates	3	4	7	1	−2
Operating income	159	133	61	26	1
Interest income	9	9	9	—	161,000
Interest expense, net	−40	−38	−41	—	—
Other, net	23	−2	−10	—	39
Total other income (expense), net	−8	−31	−43	−6	−6
Income before income taxes	151	102	18	—	−4
Income tax expense	−22	−7	−25	−11	−11
Net income (loss)	129	95	−7	—	−16
Net loss (income) attributable to noncontrolling interests	−353,000	−73,000	140,000	6,000	−78,000
Net income (loss) attributable to Bristow Group Inc.	129	95	−7	9	−16
Basic (in dollars per share)	4.47	3.32	−0.24	0.33	−0.55
Diluted (in dollars per share)	4.32	3.21	−0.24	0.32	−0.55
Basic (in shares)	29	29	28	28	29
Diluted (in shares)	30	30	28	28	29

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-03-31
Cash and cash equivalents	286	248	180	160	264
Restricted cash	7	4	3	4	2
Accounts receivable, net	217	212	235	215	204
Inventories	133	115	100	82	82
Prepaid expenses and other current assets	51	42	45	32	28
Total current assets	694	619	564	493	580
Property and equipment, net	1,153	1,076	928	915	943
Investment in unconsolidated affiliates	24	22	20	17	18
Right-of-use assets	242	264	288	241	194
Other assets	199	143	138	146	91
Total assets	2,311	2,125	1,937	1,812	1,824
Accounts payable	86	83	88	90	63
Accrued wages, benefits and related taxes	69	54	53	45	53
Income taxes payable and other accrued taxes	23	16	8	—	—
Deferred revenue	22	15	20	14	15
Accrued maintenance and repairs	29	31	25	20	38
Current portion of operating lease liabilities	77	78	75	76	70
Accrued interest and other accrued liabilities	31	29	28	22	21
Current maturities of long-term debt	28	19	13	12	13
Total current liabilities	365	326	310	286	288
Long-term debt, less current maturities	644	671	535	500	513
Other liabilities and deferred credits	32	9	12	5	5
Deferred taxes	47	39	43	49	40
Long-term operating lease liabilities	165	189	215	166	125
Total liabilities	1,252	1,234	1,114	1,025	989
Commitments and contingencies (Note 9)	—	—	—	—	—
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	325,000	315,000	311,000	—	—
Additional paid-in capital	763	742	726	709	699
Retained earnings	442	313	218	225	211
Treasury stock, at cost; 3,180 and 2,692 shares as of December 31, 2025 and 2024, respectively	−87	−70	−66	−63	−52
Accumulated other comprehensive loss	−58	−94	−55	−84	−23
Total Bristow Group Inc. stockholders equity	1,060	892	824	787	836
Noncontrolling interests	−82,000	−435,000	−508,000	−368,000	−447,000
Total stockholders equity	1,060	891	823	787	835
Total liabilities and stockholders equity	2,311	2,125	1,937	1,812	1,824
Common stock, shares outstanding (in shares)	29	29	28	28	28

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-03-31
Depreciation and amortization expense	82	83	86	—	87
Earnings from unconsolidated affiliates, net of dividends received	−1	−4	−7	—	2
Deferred income taxes	−10	−20	669,000	—	−2
Share-based compensation expense	17	16	16	—	12
Amortization of deferred financing fees	5	3	3	—	1
Amortization of deferred contract costs	11	4	0	—	—
Discount amortization on long-term debt	0	0	473,000	—	8
Accounts receivable	8	9	−27	—	11
Inventory, prepaid expenses, and other assets	−100	−45	−40	—	16
Accounts payable, accrued expenses and other liabilities	69	35	8	—	−21
Net cash provided by operating activities	198	177	32	−8	124
Capital expenditures	−142	−255	−82	—	−31
Proceeds from asset dispositions	55	9	34	—	15
Net cash used in investing activities	−87	−246	−47	−52	−17
Proceeds from borrowings	6	165	170	—	0
Debt issuance costs	−238,000	−5	−3	—	−3
Repayment of debt	−58	−15	−142	—	−19
Exercise of stock options	1	507,000	0	—	—
Purchase of treasury shares	−15	−4	−3	—	−41
Net cash provided by (used in) financing activities	−66	141	22	−25	−63
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−3	−5	13	−29	−8
Net increase in cash, cash equivalents and restricted cash	42	68	20	−114	35
Interest	47	43	39	—	32
Income taxes, net	27	21	19	—	12

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro