VARIABLE INTEREST ENTITIES AND OTHER INVESTMENTS IN SIGNIFICANT AFFILIATES (Tables)

Bristow Aviation and its subsidiaries are exposed to similar operational risks and are therefore monitored and evaluated on a similar basis by management. Accordingly, the financial information reflected on our condensed consolidated balance sheets and statements of income for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands):



	December 31, 2014		March 31, 2014
Assets
Cash and cash equivalents	$	105,290	$	173,490
Accounts receivable	447,351		311,641
Inventories	93,352		94,288
Prepaid expenses and other current assets	51,988		45,791
Total current assets	697,981		625,210
Investment in unconsolidated affiliates	344		1,414
Property and equipment, net	223,889		217,969
Goodwill	38,492		41,218
Other assets	61,705		45,477
Total assets	$	1,022,411	$	931,288
Liabilities
Accounts payable	$	330,967	$	182,892
Accrued liabilities	129,757		113,820
Accrued interest	1,436,382		1,291,581
Deferred taxes	3,657		3,588
Current maturities of long-term debt	6,326		9,664
Total current liabilities	1,907,089		1,601,545
Long-term debt, less current maturities	157,407		172,391
Accrued pension liabilities	62,110		86,824
Other liabilities and deferred credits	7,080		2,252
Deferred taxes	1,156		13,062
Temporary equity	23,660		22,283
Total liabilities	$	2,158,502	$	1,898,357



	Three Months Ended December 31,						Nine Months Ended December 31,
	2014			2013			2014			2013
Revenue	$	371,974		$	328,231		$	1,147,406		$	970,038
Operating income (loss)	(13,633		)	12,782			10,085			40,449
Net income (loss) ⁽¹⁾	(58,582		)	(37,179		)	(143,930		)	11,707

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⁽¹⁾	During the nine months ended December 31, 2013, we sold our 50% interest in the FB Entities and recorded a pre-tax gain of $103.9 million.