Era Group, Inc. (ERA) financial statements (2021 and earlier)

Company profile

Business Address 945 BUNKER HILL RD., SUITE 650
HOUSTON, TX 77024
State of Incorp.
Fiscal Year End December 31
SIC 4522 - Air Transportation, Nonscheduled (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1171088850514815
Cash and cash equivalents1171088850514815
Receivables3313035333635
Inventory, net of allowances, customer advances and progress billings20212121212021
Inventory20212121212021
Prepaid expense2332223
Other undisclosed current assets542024129109
Total current assets:19618316712011611582
Noncurrent Assets
Operating lease, right-of-use asset9108 
Property, plant and equipment557567582591599613618
Long-term investments and receivables    27  
Long-term investments    27  
Intangible assets, net (including goodwill)0111111
Intangible assets, net (excluding goodwill)0111111
Other noncurrent assets26621221819
Other undisclosed noncurrent assets   33 2731
Total noncurrent assets:569584598646649659668
TOTAL ASSETS:765767765766765774751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13121313131017
Employee-related liabilities11986998
Taxes payable5524252
Interest and dividends payable1313131
Other undisclosed accounts payable and accrued liabilities(3)(5)2(1)1(7)7
Debt20442222
Liability for uncertainty in income taxes1111111
Other liabilities3333113
Other undisclosed current liabilities1415913121710
Total current liabilities:51343032293234
Noncurrent Liabilities
Long-term debt and lease obligation150167165160160160173
Long-term debt, excluding current maturities142159159160160160173
Operating lease, liability886 
Liabilities, other than long-term debt104105107105 108103
Deferred tax liabilities, net105 108103
Deferred income tax liabilities104105107 
Other undisclosed noncurrent liabilities111710921
Total noncurrent liabilities:254273273272269270277
Total liabilities:305308303304298302311
Temporary equity, carrying amount3333333
Stockholders' equity
Stockholders' equity attributable to parent457457459459463468436
Common stock0000000
Treasury stock, value(10)(10)(9)(2)(2)(3)(3)
Additional paid in capital452451450449447447446
Accumulated other comprehensive income   0000
Retained earnings (accumulated deficit)151517121824(7)
Total stockholders' equity:457457459459463468436
TOTAL LIABILITIES AND EQUITY:765767765766765774751

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues60595551525558
Cost of revenue(12)(10)(9)(9)(11)(9)(8)
Gross profit:48494642414550
Operating expenses(48)(48)(48)(46)(45)(45)(57)
Other undisclosed operating income (loss)11(0)(0)(2)42(2)
Operating income (loss):12(2)(4)(6)42(10)
Nonoperating expense(3)(3)(3)(3)(3)(3)(4)
Investment income, nonoperating0111110
Foreign currency transaction gain (loss), before tax0(1)0(0)0(0)(1)
Interest and debt expense (3)(0)(3) (4)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes 303 44
Income (loss) from continuing operations before equity method investments, income taxes:(2)(2)(5)(7)(8)39(14)
Income (loss) from equity method investments  11(1)1  
Income (loss) from continuing operations before income taxes:(2)(2)6(8)(8)39(14)
Income tax expense (benefit)1(1)(1)22(8)3
Income (loss) before gain (loss) on sale of properties:(1)(2)5(6)(6)31(11)
Other undisclosed net income     01
Net income (loss):(1)(2)5(6)(6)31(11)
Net income attributable to noncontrolling interest0000000
Net income (loss) available to common stockholders, diluted:(1)(2)5(6)(6)31(10)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(1)(2)5(6)(6)31(11)
Other comprehensive loss  (0)    
Other undisclosed comprehensive income0   0  
Comprehensive income (loss):(1)(2)5(6)(6)31(11)
Comprehensive income, net of tax, attributable to noncontrolling interest0000000
Comprehensive income (loss), net of tax, attributable to parent:(1)(2)5(6)(6)31(10)

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.

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