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As Of Filer Filing For·On·As Docs:Size Issuer Agent 5/23/17 Bristow Alaska Inc POSASR 5/23/17 12:537K Donnelley … Solutions/FA Bristow Helicopters Inc BHNA Holdings Inc. Bristow U.S. LLC Bristow U.S. Leasing LLC Bristow Academy, Inc. Bristow Group Inc |
Document/Exhibit Description Pages Size 1: POSASR Post-Effective Amendment to an S-3ASR or F-3ASR HTML 277K 2: EX-3.14 Articles of Incorporation/Organization or By-Laws HTML 10K 3: EX-3.15 Articles of Incorporation/Organization or By-Laws HTML 11K 4: EX-3.16 Articles of Incorporation/Organization or By-Laws HTML 11K 5: EX-3.17 Articles of Incorporation/Organization or By-Laws HTML 63K 6: EX-3.18 Articles of Incorporation/Organization or By-Laws HTML 13K 7: EX-3.19 Articles of Incorporation/Organization or By-Laws HTML 9K 8: EX-3.20 Articles of Incorporation/Organization or By-Laws HTML 27K 9: EX-5.1 Opinion re: Legality HTML 31K 12: EX-23.1 Consent of Experts or Counsel HTML 9K 10: EX-12 Statement re: Computation of Ratios HTML 26K 11: EX-15.1 Letter re: Unaudited Interim Financial Information HTML 9K
| EX-12 |
Exhibit 12
Bristow Group Inc.
Computation of Ratios of Earnings to Fixed Charges
(In thousands, except ratio amounts)
| Fiscal Year Ended March 31, |
Nine Months Ended December 31, 2016 |
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| 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||||||
| Income from continuing operations before provisions of income taxes and non-controlling interests |
$ | 79,442 | $ | 166,677 | $ | 244,991 | $ | 111,473 | $ | (79,231 | ) | $ | (108,265 | ) | ||||||||||
| Add: amortization of capitalized interest |
2,809 | 2,786 | 2,682 | 2,598 | 2,584 | 1,998 | ||||||||||||||||||
| Add: fixed charges (from below) |
58,428 | 71,504 | 94,305 | 99,797 | 116,367 | 95,984 | ||||||||||||||||||
| Add: equity in earnings from unconsolidated affiliates less than (in excess of) dividends received |
5,486 | (9,244 | ) | 1,629 | 9,418 | 2,619 | (4,294 | ) | ||||||||||||||||
| Less: capitalized interest |
(4,966 | ) | (6,594 | ) | (14,104 | ) | (14,559 | ) | (10,575 | ) | (8,523 | ) | ||||||||||||
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| Earnings |
$ | 141,199 | $ | 225,129 | $ | 329,503 | $ | 208,727 | $ | 31,764 | $ | (23,100 | ) | |||||||||||
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| Fixed charges: |
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| Fixed charges: |
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| Interest expense: |
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| Interest on indebtedness(1) |
$ | 38,130 | $ | 42,446 | $ | 44,938 | $ | 30,310 | $ | 35,186 | $ | 35,170 | ||||||||||||
| Capitalized |
4,966 | 6,594 | 14,104 | 14,559 | 10,575 | 8,523 | ||||||||||||||||||
| Interest portion of rental expense |
15,332 | 22,464 | 35,263 | 54,928 | 70,606 | 52,291 | ||||||||||||||||||
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| Fixed charges: |
$ | 58,428 | $ | 71,504 | $ | 94,305 | $ | 99,797 | $ | 116,367 | $ | 95,984 | ||||||||||||
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| Ratio of earnings to fixed charges (earnings divided by fixed charges) |
2.4 | 3.1 | 3.5 | 2.1 | * | * | ||||||||||||||||||
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| (1) | Includes amortization of debt issuance costs. |
| * | Earnings for fiscal year 2016 and the nine months ended December 31, 2016 were inadequate to cover fixed charges by $84.6 million and $119.1 million, respectively. |
| This ‘POSASR’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| Filed on / Effective on: | 5/23/17 | 10-K, 8-K, POS AM | ||
| 12/31/16 | 10-Q | |||
| List all Filings | ||||