v2.4.1.9
SEGMENT INFORMATION
 9 Months Ended
Dec. 31, 2014
Segments [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
We conduct our business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia, and Other International. Additionally, we operate a training business unit, Bristow Academy, and provide technical services to clients in the U.S. and U.K., which are included in Corporate and other.
The following shows business unit information for the three and nine months ended December 31, 2014 and 2013 and as of December 31 and March 31, 2014, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):
 
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
 
 
2014
 
2013
 
2014
 
2013
 
 
Business unit gross revenue from external clients:
 
 
 
 
 
 
 
 
 
 
Europe
 
$
217,818

 
$
188,968

 
$
677,822

 
$
541,420

 
 
West Africa
 
82,937

 
83,150

 
248,772

 
242,019

 
 
North America
 
62,704

 
55,207

 
176,395

 
174,507

 
 
Australia
 
55,027

 
38,642

 
159,657

 
123,106

 
 
Other International
 
32,823

 
30,825

 
104,154

 
96,047

 
 
Corporate and other
 
8,831

 
15,543

 
41,514

 
51,558

 
 
Total business unit gross revenue
 
$
460,140

 
$
412,335

 
$
1,408,314

 
$
1,228,657

 
 
Intra-business unit gross revenue:
 
 
 
 
 
 
 
 
 
 
Europe
 
$
130

 
$
—

 
$
1,193

 
$
—

 
 
West Africa
 
—

 
—

 
—

 
—

 
 
North America
 
3

 
2

 
20

 
(5
)
 
 
Australia
 
254

 
—

 
254

 
—

 
 
Other International
 
(235
)
 
—

 
(227
)
 
—

 
 
Corporate and other
 
1,284

 
934

 
3,177

 
3,007

 
 
Total intra-business unit gross revenue
 
$
1,436

 
$
936

 
$
4,417

 
$
3,002

 
 
Consolidated gross revenue reconciliation:
 
 
 
 
 
 
 
 
 
 
Europe
 
$
217,948

 
$
188,968

 
$
679,015

 
$
541,420

 
 
West Africa
 
82,937

 
83,150

 
248,772

 
242,019

 
 
North America
 
62,707

 
55,209

 
176,415

 
174,502

 
 
Australia
 
55,281

 
38,642

 
159,911

 
123,106

 
 
Other International
 
32,588

 
30,825

 
103,927

 
96,047

 
 
Corporate and other
 
10,115

 
16,477

 
44,691

 
54,565

 
 
Intra-business unit eliminations
 
(1,436
)
 
(936
)
 
(4,417
)
 
(3,002
)
 
 
Total consolidated gross revenue
 
$
460,140

 
$
412,335

 
$
1,408,314

 
$
1,228,657

 



 
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
 
 
2014
 
2013
 
2014
 
2013
 
 
Earnings from unconsolidated affiliates, net of losses – equity method investments:
 
 
 
 
 
 
 
 
 
 
Europe (1)
 
$
107

 
$
758

 
$
888

 
$
4,671

 
 
North America
 
100

 
536

 
(479
)
 
640

 
 
Other International
 
(1,208
)
 
(17,281
)
 
(33
)
 
(6,239
)
 
 
Total earnings from unconsolidated affiliates, net of losses – equity method investments
 
$
(1,001
)
 
$
(15,987
)
 
$
376

 
$
(928
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated operating income (loss) reconciliation:
 
 
 
 
 
 
 
 
 
 
Europe
 
$
29,001

 
$
29,729

 
$
108,951

 
$
82,708

 
 
West Africa
 
24,909

 
21,777

 
60,596

 
59,261

 
 
North America
 
14,937

 
6,666

 
35,406

 
23,953

 
 
Australia
 
4,256

 
(1,027
)
 
7,496

 
4,761

 
 
Other International
 
2,887

 
(12,808
)
 
16,245

 
14,288

 
 
Corporate and other
 
(40,743
)
 
(18,817
)
 
(84,928
)
 
(44,612
)
 
 
Gain (loss) on disposal of assets
 
(26,331
)
 
3,982

 
(25,594
)
 
(803
)
 
 
Total consolidated operating income
 
$
8,916

 
$
29,502

 
$
118,172

 
$
139,556

 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
 
 
Europe
 
$
8,158

 
$
7,899

 
$
28,418

 
$
23,353

 
 
West Africa
 
3,339

 
3,494

 
10,416

 
10,189

 
 
North America
 
5,233

 
5,797

 
16,247

 
17,993

 
 
Australia
 
3,627

 
2,362

 
11,587

 
6,159

 
 
Other International
 
3,233

 
3,517

 
10,321

 
10,734

 
 
Corporate and other
 
35

 
586

 
175

 
1,904

 
 
Total depreciation and amortization
 
$
23,625

 
$
23,655

 
$
77,164

 
$
70,332

 
 
 
 
 
December 31, 
 2014
 
March 31,  
 2014
 
 
Identifiable assets:
 
 
 
 
 
 
Europe
 
$
832,854

 
$
932,803

 
 
West Africa
 
389,401

 
454,161

 
 
North America
 
507,507

 
487,659

 
 
Australia
 
297,364

 
260,483

 
 
Other International
 
508,313

 
579,571

 
 
Corporate and other
 
644,303

 
683,580

 
 
Total identifiable assets (2)
 
$
3,179,742

 
$
3,398,257

 
 
Investments in unconsolidated affiliates – equity method investments:
 
 
 
 
 
 
Europe
 
$
—

 
$
1,067

 
 
North America
 
61,092

 
61,570

 
 
Other International
 
189,695

 
193,692

 
 
Total investments in unconsolidated affiliates – equity method investments
 
$
250,787

 
$
256,329

 

_____________ 
(1) 
On November 21, 2014, we sold our 50% interest in HCA. See Note 3 for details. Additionally, on July 14, 2013, we sold our 50% interest in the FB entities. See Note 3 to the fiscal year 2014 Financial Statements for further details on the sale of FB Entities.
(2) 
Includes $420.4 million and $477.9 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of December 31 and March 31, 2014, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.