Erickson Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenues of $50.838 million against $69.319 million a year ago. Operating loss was $29.301 million against operating income of $0.158 million a year ago. Net loss before income tax expense was $38.804 million against $9.548 million a year ago. Net loss attributable to the company was $38.998 million or $2.81 per basic and diluted share against $10.121 million or $0.73 per basic and diluted share a year ago. LBITDA was $19.526 million against EBITDA of $10.473 million a year ago. Adjusted EBITDA was $0.787 million against $10.346 million a year ago. Adjusted EBITDAR was $4.860 million against $14.468 million a year ago.

For the six months, the company reported total revenues of $95.667 million against $130.981 million a year ago. Operating loss was $42.141 million against $85.248 million a year ago. Net loss before income tax expense was $62.141 million against $85.248 million a year ago. Net loss attributable to the company was $64.982 million or $4.68 per basic and diluted share against $85.091 million or $6.15 per basic and diluted share a year ago. LBITDA was $23.356 million against $46.460 million a year ago. Adjusted LBITDA was $2.268 million against adjusted EBITDA of $12.510 million a year ago. Adjusted EBITDAR was $5.709 million against $21.149 million a year ago. Net cash used in operating activities was $19.309 million against $15.090 million a year ago. Purchases of aircraft and property, plant and equipment was $6.085 million against $11.839 million a year ago. Free cash flow - negative was $25.394 million against $26.929 million a year ago.

For the quarter, the company reported impairment of goodwill of $4.523 million and impairment of other assets of $6.127 million.