Annual report pursuant to Section 13 and 15(d)

SEGMENT AND GEOGRAPHIC AREA INFORMATION

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SEGMENT AND GEOGRAPHIC AREA INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC AREA INFORMATION SEGMENT AND GEOGRAPHIC AREA INFORMATION
The Company conducts business in one segment: aviation services. The aviation services global operations include four regions as follows: Europe, the Americas, Africa and Asia Pacific. The Europe region comprises all of the Company’s operations and affiliates in Europe, including the Dutch Caribbean, the Falkland Islands, the Netherlands, Norway and the UK. The Americas region comprises all of the Company’s operations and affiliates in North America and South America, including Brazil, Canada, Guyana, Suriname, Trinidad and the U.S. Gulf of Mexico. The Africa region comprises all of the Company’s operations and affiliates on the African continent, including Nigeria. The Asia Pacific region comprises all of the Company’s operations and affiliates in Australia.
The percentage of the Company’s operating revenues were derived from the following major customers for the periods reflected in the table below were as follows:
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Customer A 18.5  % 19.4  % 20.3  %
Customer B 8.8  % 9.0  % 11.1  %
Customer C 5.6  % 6.0  % 6.3  %
Total percentage of operating revenues 32.9  % 34.4  % 37.7  %
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s consolidated financial statements (in thousands):
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Region revenues from external customers:
Europe $ 721,553  $ 492,981  $ 662,421 
Americas 366,214  287,975  379,623 
Africa 122,638  77,038  69,663 
Asia Pacific 87,024  64,217  72,035 
Other —  358  1,462 
Total region revenues $ 1,297,429  $ 922,569  $ 1,185,204 
Consolidated operating income (loss):
Europe $ 52,017  $ 45,020  $ 62,082 
Americas 62,614  46,208  71,571 
Africa 27,959  (986) (27,848)
Asia Pacific 11,256  2,809  (13,454)
Other (94,207) (62,700) (92,515)
Gains (losses) on disposal of assets 1,112  (480) 1,347 
Total consolidated operating income (loss) $ 60,751  $ 29,871  $ 1,183 

December 31,
2023 2022
Identifiable assets:
Europe $ 1,186,587  $ 1,012,291 
Americas 525,050  484,410 
Africa 88,445  84,528 
Asia Pacific 58,980  37,459 
Other 78,216  193,313 
Total identifiable assets $ 1,937,278  $ 1,812,001 
The Company attributes revenue to various countries based on the location where services are actually performed. Long-lived assets consist primarily of helicopters and fixed wing aircraft and are attributed to various countries based on the physical location of the asset at the end of the periods reflected in the table below. Information by geographic area is as follows (in thousands):
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Revenues:
UK $ 436,419  $ 305,862  $ 406,089 
Norway 240,793  179,724  256,461 
U.S. 216,588  149,171  196,693 
Other 403,629  287,812  325,961 
Total revenues $ 1,297,429  $ 922,569  $ 1,185,204 
December 31,
2023 2022
Long-lived assets:
UK $ 643,592  $ 649,711 
Norway 176,424  110,466 
U.S. 183,363  292,335 
Other 212,326  103,716 
Total long-lived assets $ 1,215,705  $ 1,156,228