Era Group, Inc. (ERA) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1175114271441
Cash and cash equivalents1175114271441
Receivables33339324933
Inventory, net of allowances, customer advances and progress billings202121252827
Inventory202121252827
Prepaid expense2212  
Other current assets    02
Other undisclosed current assets549810115
Total current assets:1961168396103108
Noncurrent Assets
Operating lease, right-of-use asset9
Property, plant and equipment557599674822859863
Long-term investments and receivables 2730292932
Long-term investments 2730292932
Intangible assets, net (including goodwill)011110
Goodwill     0
Intangible assets, net (excluding goodwill)01111 
Other noncurrent assets222471514
Total noncurrent assets:569649710859905909
TOTAL ASSETS:7657657929551,0071,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13131691215
Employee-related liabilities1198998
Taxes payable522230
Interest and dividends payable111111
Other undisclosed accounts payable and accrued liabilities(3)16(2)(0)6
Debt20232327
Derivative instruments and hedges, liabilities     1
Liability for uncertainty in income taxes11112 
Other liabilities312223
Other undisclosed current liabilities14121111129
Total current liabilities:512932263256
Noncurrent Liabilities
Long-term debt and lease obligation150160202230266282
Long-term debt, excluding current maturities142160202230266282
Operating lease, liability8
Liabilities, other than long-term debt104 107225230217
Deferred tax liabilities, net 107225230217
Deferred income tax liabilities104
Other undisclosed noncurrent liabilities11091132
Total noncurrent liabilities:254269310457499501
Total liabilities:305298343483531557
Temporary equity, carrying amount33445 
Stockholders' equity
Stockholders' equity attributable to parent, including:457463446468471461
Common stock00000 
Treasury stock, value(10)(2)(3)(3)(3)(1)
Additional paid in capital452447444438433429
Accumulated other comprehensive income 00000
Retained earnings15184334132
Other undisclosed stockholders' equity attributable to parent     0
Stockholders' equity attributable to noncontrolling interest     (0)
Total stockholders' equity:457463446468471460
TOTAL LIABILITIES AND EQUITY:7657657929551,0071,017

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues226222231247282331
Cost of revenue(41)(41)(50)(54)(53)(52)
Gross profit:185181181193229279
Operating expenses(189)(195)(205)(201)(208)(242)
Other undisclosed operating income (loss)143(113)546
Operating income (loss):(3)28(136)(3)2443
Nonoperating expense(11)(14)(16)(16)(0)(20)
Investment income, nonoperating32111(0)
Foreign currency transaction gain (loss), before tax(0)(1)(0)0(3)(2)
Interest and debt expense(0)0(1)12(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0(0)1(1)(2)15
Income (loss) from continuing operations before equity method investments, income taxes:(15)14(153)(19)2423
Income (loss) from equity method investments10211(2)1
Income (loss) from continuing operations before income taxes:(5)16(151)(18)2224
Income tax expense (benefit)1(3)1233(14)(8)
Income (loss) before gain (loss) on sale of properties:(4)13(29)(15)816
Other undisclosed net income     2
Net income (loss):(4)13(29)(15)817
Net income attributable to noncontrolling interest000710
Net income (loss) available to common stockholders, diluted:(4)14(28)(8)917

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(4)13(29)(15)817
Other comprehensive income (loss)  0 (0)(0)
Comprehensive income (loss):(4)13(29)(15)817
Comprehensive income, net of tax, attributable to noncontrolling interest000710
Comprehensive income (loss), net of tax, attributable to parent:(4)14(28)(8)917

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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