AAR Corp. (AIR) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1100 N WOOD DALE RD WOOD DALE, IL 60191 |
| State of Incorp. | DE |
| Fiscal Year End | May 31 |
| Industry (SIC) | 372 - Aircraft And Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 11/30/2025 MRQ | 5/31/2025 | 11/30/2024 MRQ | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 97 | 62 | 86 | 68 | 54 | 52 | |||
| Cash and cash equivalent | 97 | 62 | 86 | 68 | 54 | 52 | |||
| Restricted cash and investments | 13 | 21 | 10 | 15 | 5 | 8 | |||
| Receivables | 355 | 320 | 287 | 241 | 214 | 167 | |||
| Inventory, net of allowances, customer advances and progress billings | 809 | 790 | 733 | 574 | 551 | 541 | |||
| Inventory | 809 | 790 | 733 | 574 | 551 | 541 | |||
| Contract with customer, asset, after allowance for credit loss | 140 | 150 | 123 | 87 | 74 | 72 | |||
| Other undisclosed current assets | 97 | 155 | 150 | 113 | 110 | 98 | |||
| Total current assets: | 1,511 | 1,498 | 1,390 | 1,098 | 1,007 | 937 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 93 | 91 | 97 | 64 | 73 | 76 | |||
| Property, plant and equipment | 159 | 167 | 172 | 126 | 110 | 120 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 750 | 771 | 790 | 240 | 120 | 124 | |||
| Goodwill | 531 | 543 | 555 | 176 | 116 | 119 | |||
| Intangible assets, net (excluding goodwill) | 220 | 227 | 235 | 64 | 3 | 5 | |||
| Contract with customer, asset, after allowance for credit loss | 28 | ||||||||
| Other noncurrent assets | 159 | 149 | 156 | 128 | 98 | 99 | |||
| Other undisclosed noncurrent assets | 172 | 146 | 166 | 178 | 167 | 184 | |||
| Total noncurrent assets: | 1,334 | 1,351 | 1,380 | 735 | 567 | 603 | |||
| TOTAL ASSETS: | 2,845 | 2,849 | 2,770 | 1,833 | 1,574 | 1,540 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 549 | 551 | 457 | 338 | 331 | 301 | |||
| Accounts payable | 303 | 292 | 238 | 159 | 156 | 127 | |||
| Accrued liabilities | 246 | 259 | 219 | 180 | 175 | 174 | |||
| Disposal group, including discontinued operation | 6 | 8 | 10 | 13 | 17 | 35 | |||
| Total current liabilities: | 555 | 558 | 467 | 352 | 348 | 337 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 968 | 987 | 985 | 270 | 99 | 134 | |||
| Long-term debt, excluding current maturities | 968 | 987 | 985 | 270 | 99 | 134 | |||
| Other undisclosed long-term debt and lease obligation | (57) | (60) | |||||||
| Liabilities, other than long-term debt | 104 | 105 | 111 | 95 | 30 | 5 | |||
| Deferred revenue | 6 | 4 | 7 | 13 | 10 | 5 | |||
| Deferred income tax liabilities | 18 | 24 | 24 | 34 | 20 | ||||
| Operating lease, liability | 80 | 78 | 80 | 48 | 57 | 60 | |||
| Other undisclosed noncurrent liabilities | 6 | 17 | 17 | 18 | 62 | 89 | |||
| Total noncurrent liabilities: | 1,078 | 1,109 | 1,113 | 383 | 191 | 229 | |||
| Total liabilities: | 1,633 | 1,668 | 1,580 | 734 | 539 | 565 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,212 | 1,182 | 1,190 | 1,099 | 1,035 | 974 | |||
| Common stock | 45 | 45 | 45 | 45 | 45 | 45 | |||
| Treasury stock, value | (303) | (293) | (298) | (318) | (289) | (274) | |||
| Additional paid in capital | 505 | 496 | 494 | 485 | 478 | 480 | |||
| Accumulated other comprehensive loss | (6) | (11) | (9) | (24) | (20) | (18) | |||
| Retained earnings | 969 | 944 | 957 | 911 | 820 | 742 | |||
| Total equity: | 1,212 | 1,182 | 1,190 | 1,099 | 1,035 | 974 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,845 | 2,849 | 2,770 | 1,833 | 1,574 | 1,540 | |||
Income Statement (P&L) ($ in millions)
| 11/30/2025 TTM | 5/31/2025 | 11/30/2024 TTM | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,781 | 2,572 | 2,319 | 1,991 | 1,820 | 1,652 | ||
| Cost of revenue | (2,253) | (2,088) | (1,877) | (1,620) | (1,501) | (1,345) | ||
| Cost of product and service sold | (2,253) | (2,088) | (1,877) | |||||
| Other undisclosed gross profit | (1) | (6) | (31) | |||||
| Gross profit: | 528 | 483 | 442 | 370 | 313 | 276 | ||
| Operating expenses | (348) | (406) | (316) | (234) | (209) | (222) | ||
| Operating income: | 180 | 78 | 127 | 136 | 104 | 54 | ||
| Nonoperating income | 2 | 2 | 2 | 0 | 2 | 5 | ||
| Investment income, nonoperating | 2 | 2 | 2 | 1 | 0 | 0 | ||
| Other nonoperating income (expense) | (0) | (1) | (0) | (1) | 2 | 4 | ||
| Interest and debt expense | (75) | (69) | (43) | (12) | (2) | (5) | ||
| Income from continuing operations before equity method investments, income taxes: | 106 | 10 | 85 | 124 | 104 | 53 | ||
| Income (loss) from equity method investments | 5 | 4 | (0) | (3) | (3) | 0 | ||
| Other undisclosed loss from continuing operations before income taxes | (72) | |||||||
| Income from continuing operations before income taxes: | 39 | 14 | 85 | 121 | 101 | 54 | ||
| Income tax expense | (26) | (26) | (12) | (31) | (27) | (18) | ||
| Income (loss) from continuing operations: | 13 | (12) | 73 | 90 | 75 | 35 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 75 | 25 | |
| Income (loss) from discontinued operations | 0 | 0 | (11) | |||||
| Other undisclosed net income (loss) | 22 | (27) | 4 | 11 | ||||
| Net income attributable to parent: | 13 | 11 | 46 | 90 | 79 | 36 | ||
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | |||||
| Net income available to common stockholders, basic: | 13 | 10 | 46 | 89 | 79 | 36 | ||
| Other undisclosed net income available to common stockholders, diluted | 43 | 43 | ||||||
| Net income available to common stockholders, diluted: | 13 | 53 | 89 | 89 | 79 | 36 | ||
Comprehensive Income ($ in millions)
| 11/30/2025 TTM | 5/31/2025 | 11/30/2024 TTM | 5/31/2024 | 5/31/2023 | 5/31/2022 | 5/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 13 | 11 | 46 | 90 | 79 | 36 | ||
| Other comprehensive income (loss) | 3 | (2) | 15 | (4) | (1) | 26 | ||
| Comprehensive income, net of tax, attributable to parent: | 16 | 8 | 61 | 86 | 77 | 62 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.