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SEGMENT INFORMATION (Tables)
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12 Months Ended |
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Mar. 31, 2015
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| Segment Reporting [Abstract] |
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| Schedule of revenue by segment |
The following tables show business unit information for fiscal years 2015, 2014 and 2013, and as of March 31, 2015 and 2014, where applicable, reconciled to consolidated totals, and prepared on the same basis as our consolidated financial statements (in thousands): | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | | 2015 | | 2014 | | 2013 | Business unit gross revenue from external clients: | | | | | | | Europe | | $ | 876,838 |
| | $ | 740,316 |
| | $ | 619,480 |
| West Africa | | 327,164 |
| | 328,793 |
| | 296,933 |
| North America | | 234,856 |
| | 230,337 |
| | 226,114 |
| Australia | | 228,774 |
| | 168,424 |
| | 186,752 |
| Other International | | 135,980 |
| | 134,021 |
| | 132,662 |
| Corporate and other | | 55,057 |
| | 67,691 |
| | 46,532 |
| Total business unit gross revenue | | $ | 1,858,669 |
| | $ | 1,669,582 |
| | $ | 1,508,473 |
| Intra-business unit gross revenue: | | | | | | | Europe | | $ | 1,309 |
| | $ | — |
| | $ | 65 |
| North America | | 20 |
| | 3 |
| | 283 |
| Australia | | 254 |
| | — |
| | — |
| Other International | | (227 | ) | | — |
| | — |
| Corporate and other | | 5,002 |
| | 4,452 |
| | 1,989 |
| Total intra-business unit gross revenue | | $ | 6,358 |
| | $ | 4,455 |
| | $ | 2,337 |
| Consolidated gross revenue reconciliation: | | | | | | | Europe | | $ | 878,147 |
| | $ | 740,316 |
| | $ | 619,545 |
| West Africa | | 327,164 |
| | 328,793 |
| | 296,933 |
| North America | | 234,876 |
| | 230,340 |
| | 226,397 |
| Australia | | 229,028 |
| | 168,424 |
| | 186,752 |
| Other International | | 135,753 |
| | 134,021 |
| | 132,662 |
| Corporate and other | | 60,059 |
| | 72,143 |
| | 48,521 |
| Intra-business unit eliminations | | (6,358 | ) | | (4,455 | ) | | (2,337 | ) | Total consolidated gross revenue | | $ | 1,858,669 |
| | $ | 1,669,582 |
| | $ | 1,508,473 |
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| Schedule of earnings from unconsolidated affiliates- equity method investments by segment |
| | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | | 2015 | | 2014 | | 2013 | Earnings from unconsolidated affiliates, net of losses – equity method investments: | | | | | | | Europe (1) | | $ | 887 |
| | $ | 4,446 |
| | $ | 10,517 |
| North America | | (710 | ) | | 1,053 |
| | (736 | ) | Other International | | (4,016 | ) | | 3,167 |
| | 15,261 |
| Total earnings from unconsolidated affiliates, net of losses – equity method investments | | $ | (3,839 | ) | | $ | 8,666 |
| | $ | 25,042 |
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| Schedule of consolidated operating income loss |
| | | | | | | | | | | | | | Consolidated operating income (loss) reconciliation: | | | | | | | Europe | | $ | 125,016 |
| | $ | 114,729 |
| | $ | 111,785 |
| West Africa | | 86,074 |
| | 80,053 |
| | 70,315 |
| North America | | 52,943 |
| | 32,255 |
| | 27,538 |
| Australia | | 6,017 |
| | 5,523 |
| | 25,283 |
| Other International | | 18,609 |
| | 33,769 |
| | 45,201 |
| Corporate and other | | (106,936 | ) | | (78,630 | ) | | (64,046 | ) | Gain (loss) on disposal of assets | | (35,849 | ) | | (722 | ) | | 8,068 |
| Total consolidated operating income | | $ | 145,874 |
| | $ | 186,977 |
| | $ | 224,144 |
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| Schedule of capital expenditures by segment |
| | | | | | | | | | | | | | Capital expenditures: | | | | | | | Europe | | $ | 192,689 |
| | $ | 38,294 |
| | $ | 175,270 |
| West Africa | | 1,330 |
| | 24,324 |
| | 11,501 |
| North America | | 73,716 |
| | 24,427 |
| | 201,439 |
| Australia | | 23,077 |
| | 7,058 |
| | 3,736 |
| Other International | | 51,139 |
| | 28,136 |
| | 33,147 |
| Corporate and other (2) | | 259,883 |
| | 506,374 |
| | 146,332 |
| Total capital expenditures | | $ | (601,834 | ) | | $ | 628,613 |
| | $ | 571,425 |
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| Schedule of depreciation and amortization |
| | | | | | | | | | | | | | Depreciation and amortization: | | | | | | | Europe | | $ | 37,535 |
| | $ | 32,383 |
| | $ | 33,101 |
| West Africa | | 15,815 |
| | 13,923 |
| | 13,077 |
| North America | | 22,093 |
| | 23,505 |
| | 20,193 |
| Australia | | 22,341 |
| | 8,728 |
| | 9,995 |
| Other International | | 15,591 |
| | 15,024 |
| | 17,018 |
| Corporate and other | | 918 |
| | 2,414 |
| | 2,900 |
| Total depreciation and amortization | | $ | 114,293 |
| | $ | 95,977 |
| | $ | 96,284 |
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| Schedule of identifiable assets |
| | | | | | | | | | | | March 31, | | | 2015 | | 2014 | Identifiable assets: | | | | | Europe | | $ | 874,228 |
| | $ | 932,803 |
| West Africa | | 416,939 |
| | 454,161 |
| North America | | 574,902 |
| | 487,659 |
| Australia | | 391,852 |
| | 260,483 |
| Other International | | 559,137 |
| | 579,571 |
| Corporate and other (3) | | 413,662 |
| | 683,580 |
| Total identifiable assets | | $ | 3,230,720 |
| | $ | 3,398,257 |
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| Schedule Of Equity Method Investments |
| | | | | | | | | | | | March 31, | | | 2015 | | 2014 | Investments in unconsolidated affiliates – equity method investments: | | | | | Europe | | $ | — |
| | $ | 1,067 |
| North America | | 61,015 |
| | 61,570 |
| Other International | | 149,075 |
| | 193,692 |
| Total investments in unconsolidated affiliates – equity method investments | | $ | 210,090 |
| | $ | 256,329 |
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___________ | | (1) | On November 21, 2014, we sold our 50% interest in HCA. Additionally on July 14, 2013, we sold our 50% interest in the FB Entities. See Note 3 for details on the sale of HCA and the FB Entities. |
| | (2) | Includes $232.3 million, $494.5 million and $140.1 million of construction in progress payments that were not allocated to business units in fiscal years 2015, 2014 and 2013, respectively. |
| | (3) | Includes $306.0 million and $477.9 million of construction in progress within property and equipment on our consolidated balance sheets as of March 31, 2015 and 2014, respectively, which primarily represents progress payments on aircraft to be delivered in future periods. |
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| Schedule of revenue by country |
We attribute revenue to various countries based on the location where helicopter services are actually performed. Long-lived assets consist primarily of helicopters and fixed wing aircraft and are attributed to various countries based on the physical location of the asset at a given fiscal year-end. Entity-wide information by geographic area is as follows (in thousands): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | | | | 2015 | | 2014 | | 2013 | | | Gross revenue: | | | | | | | | | United Kingdom | | $ | 616,191 |
| | $ | 526,149 |
| | $ | 383,398 |
| | | Nigeria | | 327,164 |
| | 328,793 |
| | 296,933 |
| | | Norway | | 266,186 |
| | 253,651 |
| | 249,023 |
| | | Australia | | 228,774 |
| | 168,424 |
| | 186,752 |
| | | United States | | 222,661 |
| | 225,650 |
| | 237,311 |
| | | Canada | | 61,713 |
| | 32,895 |
| | 16,447 |
| | | Trinidad | | 59,073 |
| | 51,770 |
| | 43,763 |
| | | Malaysia | | 3,677 |
| | 14,316 |
| | 25,284 |
| | | Other countries | | 73,230 |
| | 67,934 |
| | 69,562 |
| | | | | $ | 1,858,669 |
| | $ | 1,669,582 |
| | $ | 1,508,473 |
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| Schedule of long-lived assets by country |
| | | | | | | | | | | | | March 31, | | | | 2015 | | 2014 | | Long-lived assets: | | | | | | United Kingdom | | $ | 462,667 |
| | $ | 544,113 |
| | Australia | | 241,149 |
| | 188,370 |
| | Nigeria | | 235,914 |
| | 256,239 |
| | United States | | 235,434 |
| | 128,124 |
| | Canada | | 215,245 |
| | 199,861 |
| | Norway | | 197,165 |
| | 155,690 |
| | Trinidad | | 109,248 |
| | 64,520 |
| | Brazil | | 80,540 |
| | 123,439 |
| | Tanzania | | 54,845 |
| | 42,589 |
| | Malaysia | | — |
| | 61,104 |
| | Other countries | | 18,882 |
| | 26,769 |
| | Construction in progress attributable to aircraft (1) | | 306,012 |
| | 477,933 |
| | | | $ | 2,157,101 |
| | $ | 2,268,751 |
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___________ | | (1) | These costs have been disclosed separately as the physical location where the aircraft will ultimately be operated is subject to change. |
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