|
CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
$ 5,097 |
$ 1,881 |
$ 1,468 |
$ 268 |
| Restricted cash |
567 |
2,883 |
|
|
| Accounts receivable, net of allowances for doubtful accounts of $739 and $991 in 2014 and 2013, respectively |
44,350 |
65,987 |
|
|
| Prepaid expenses and other current assets |
8,780 |
3,360 |
|
|
| Income tax receivable |
677 |
135 |
|
|
| Deferred tax assets |
1,230 |
3,715 |
|
|
| Total current assets |
60,701 |
77,961 |
|
|
| Aircraft support parts, net |
137,593 |
126,696 |
|
|
| Aircraft, net |
128,221 |
127,179 |
|
|
| Property, plant and equipment, net |
120,635 |
109,382 |
|
|
| Goodwill |
215,241 |
234,978 |
|
|
| Other intangible assets, net |
20,053 |
22,484 |
|
|
| Other non-current assets |
23,077 |
28,625 |
|
|
| Total assets |
705,521 |
727,305 |
|
|
| Current liabilities: |
|
|
|
|
| Accounts payable |
19,844 |
29,035 |
|
|
| Current portion of long-term debt |
4,144 |
0 |
|
|
| Accrued and other current liabilities |
19,034 |
41,233 |
|
|
| Income tax payable |
315 |
621 |
|
|
| Deferred tax liabilities |
884 |
0 |
|
|
| Total current liabilities |
44,221 |
70,889 |
|
|
| Long-term debt |
12,751 |
16,160 |
|
|
| Long-term revolving credit facilities |
89,339 |
68,086 |
|
|
| Long-term notes payable |
355,000 |
355,000 |
|
|
| Other long-term liabilities |
13,181 |
1,819 |
|
|
| Uncertain tax positions |
6,313 |
5,669 |
|
|
| Deferred tax liabilities |
3,703 |
16,775 |
|
|
| Total liabilities |
524,508 |
534,398 |
|
|
| Stockholders’ equity: |
|
|
|
|
| Common stock; $0.0001 par value; 110,000,000 shares authorized; 13,823,818 and 13,787,914 issued and outstanding at December 31, 2014 and December 31, 2013, respectively |
1 |
1 |
|
|
| Additional paid-in capital |
181,018 |
179,954 |
|
|
| Retained earnings |
1,812 |
12,104 |
|
|
| Accumulated other comprehensive loss, net of tax |
(2,544) |
(42) |
|
|
| Total stockholders’ equity attributable to Erickson Incorporated |
180,287 |
192,017 |
|
|
| Noncontrolling interest |
726 |
890 |
|
|
| Total stockholders’ equity |
181,013 |
192,907 |
105,368 |
(9,145) |
| Total liabilities and stockholders’ equity |
$ 705,521 |
$ 727,305 |
|
|