ERICKSON INC. (EACI) financial statements (2021 and earlier)
Company profile
| Business Address |
C/O ERICKSON INCORPORATED PORTLAND, OR 97239 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 372 - Aircraft And Parts (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 2 | 5 | 2 | 1 | ||
| Cash and cash equivalents | 2 | 5 | 2 | 1 | ||
| Restricted cash and investments | 0 | |||||
| Receivables | 41 | 44 | 66 | 24 | ||
| Inventory, net of allowances, customer advances and progress billings | (5) | 13 | 11 | 17 | ||
| Inventory | (5) | 13 | 11 | 17 | ||
| Prepaid expense | 1 | ✕ | ||||
| Deferred costs | 0 | 0 | ||||
| Deposits current assets | 0 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 1 | ||
| Income taxes receivable | ✕ | 1 | 0 | 1 | ||
| Deferred tax assets | 1 | 4 | 8 | |||
| Other current assets | 2 | ✕ | ||||
| Other undisclosed current assets | 7 | (4) | (5) | (13) | ||
| Total current assets: | 48 | 61 | 78 | 40 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 26 | 121 | 109 | 14 | ||
| Intangible assets, net (including goodwill) | 179 | 235 | 257 | ✕ | ||
| Goodwill | 164 | 215 | 235 | |||
| Intangible assets, net (excluding goodwill) | 16 | 20 | 23 | |||
| Regulated entity, other noncurrent assets | 7 | |||||
| Other noncurrent assets | 10 | 23 | 29 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 2 | ||
| Deferred tax assets, net | 0 | (4) | (17) | (17) | ||
| Other undisclosed noncurrent assets | 330 | 270 | 271 | 217 | ||
| Total noncurrent assets: | 553 | 645 | 649 | 216 | ||
| TOTAL ASSETS: | 602 | 706 | 727 | 257 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 23 | 20 | 30 | 15 | ||
| Accounts payable | 14 | 20 | 29 | 9 | ||
| Accrued liabilities | 4 | |||||
| Taxes payable | 0 | 0 | 1 | 6 | ||
| Interest and dividends payable | 6 | |||||
| Debt | 8 | 4 | 71 | |||
| Derivative instruments and hedges, liabilities | 0 | 0 | ||||
| Deferred revenue and credits | 1 | 1 | 1 | 1 | ||
| Deferred tax liabilities | 1 | |||||
| Other undisclosed current liabilities | 7 | 18 | 40 | 18 | ||
| Total current liabilities: | 40 | 44 | 71 | 106 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 365 | 457 | 16 | 27 | ||
| Long-term debt, excluding current maturities | 365 | 457 | 16 | 27 | ||
| Liabilities, other than long-term debt | 13 | 19 | 7 | 1 | ||
| Deferred tax liabilities, net | 1 | |||||
| Liability for uncertainty in income taxes | 6 | 6 | ||||
| Other liabilities | 12 | 13 | 2 | 1 | ||
| Other undisclosed noncurrent liabilities | 95 | 4 | 440 | 17 | ||
| Total noncurrent liabilities: | 473 | 480 | 464 | 46 | ||
| Total liabilities: | 512 | 525 | 534 | 151 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent | 89 | 180 | 192 | 104 | ||
| Common stock | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 181 | 181 | 180 | 102 | ||
| Accumulated other comprehensive income (loss) | (8) | (3) | (0) | 0 | ||
| Retained earnings (accumulated deficit) | (85) | 2 | 12 | 2 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 89 | 181 | 193 | 105 | ||
| TOTAL LIABILITIES AND EQUITY: | 602 | 706 | 727 | 257 | ||
Income statement (P&L) ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 298 | 347 | 318 | 181 | |
| Cost of revenue | (250) | (263) | (222) | (119) | |
| Gross profit: | 47 | 83 | 96 | 61 | |
| Operating expenses | (102) | (61) | (49) | (28) | |
| Operating income (loss): | (55) | 22 | 47 | 33 | |
| Nonoperating income (expense) | 1 | (37) | (31) | (8) | |
| Other nonoperating income (expense) | 1 | (1) | (4) | 0 | |
| Interest and debt expense | (1) | (0) | (2) | (7) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (55) | (15) | 14 | 19 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (36) | 0 | 2 | 7 | |
| Income (loss) from continuing operations before income taxes: | (91) | (15) | 16 | 26 | |
| Income tax expense (benefit) | 5 | 4 | (6) | (10) | |
| Net income (loss): | (87) | (10) | 10 | 16 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | |
| Net income (loss) attributable to parent: | (87) | (10) | 10 | 15 | |
| Preferred stock dividends and other adjustments | (3) | ||||
| Net income (loss) available to common stockholders, diluted: | (87) | (10) | 10 | 12 | |
Comprehensive Income ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (87) | (10) | 10 | 16 | |
| Other undisclosed comprehensive income (loss) | (5) | (3) | (0) | 0 | |
| Comprehensive income (loss): | (92) | (13) | 10 | 16 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | 0 | 0 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | (0) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (92) | (13) | 10 | 15 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.