AAR Corp. (AIR) Financial Statements (2024 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)

11/30/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6849545240521
Cash and cash equivalents6849545240521
Restricted cash and investments152582020
Receivables241225214167172198
Inventory, net of allowances, customer advances and progress billings574595551541623524
Inventory574595551541623524
Contract with customer, asset, after allowance for credit loss878374724959
Disposal group, including discontinued operation      29
Other current assets  39  7736
Other undisclosed current assets11368110989365
Total current assets:1,0981,0601,0079371,439953
Noncurrent Assets
Operating lease, right-of-use asset6467737690
Property, plant and equipment126114110120136133
Intangible assets, net (including goodwill)240118120124122138
Goodwill176 116119116116
Intangible assets, net (excluding goodwill)64 35622
Other undisclosed intangible assets, net (including goodwill)  118    
Contract with customer, asset, after allowance for credit loss 16    
Other noncurrent assets12811798998278
Other undisclosed noncurrent assets178154167184212216
Total noncurrent assets:735587567603640565
TOTAL ASSETS:1,8331,6471,5741,5402,0791,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities338308331301353328
Accounts payable159157156127192188
Accrued liabilities180152175174162141
Disposal group, including discontinued operation131517353029
Total current liabilities:352324348337383358
Noncurrent Liabilities
Long-term debt and lease obligation, including:27024999134600142
Long-term debt, excluding current maturities27019799134600142
Other undisclosed long-term debt and lease obligation   (57)(60)(71) 
Liabilities, other than long-term debt953430588 
Deferred revenue131510588
Deferred income tax liabilities342020  
Operating lease, liability4852576071
Other undisclosed noncurrent liabilities1846289105112
Total noncurrent liabilities:383288191229793254
Total liabilities:7346125395651,176611
Equity
Equity, attributable to parent1,0991,0351,035974903906
Common stock454545454545
Treasury stock, value(318)(332)(289)(274)(283)(288)
Additional paid in capital485479478480479479
Accumulated other comprehensive loss(24)(23)(20)(18)(45)(41)
Retained earnings911866820742706710
Total equity:1,0991,0351,035974903906
TOTAL LIABILITIES AND EQUITY:1,8331,6471,5741,5402,0791,517

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

11/30/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues1,9911,8441,8201,6522,0722,052
Cost of revenue(1,620)(1,505)(1,501)(1,345)(1,803)(1,722)
Cost of goods and services sold     (1,722)
Other undisclosed gross profit(1)(2)(6)(31)  
Gross profit:370338313276269330
Operating expenses(234)(211)(209)(222)(226)(231)
Other operating expense, net
(Other Expenses)
     (2)(1)
Operating income:136127104544198
Nonoperating income (expense)0225(2)1
Investment income, nonoperating100011
Other nonoperating income (expense)(1)224(2) 
Interest and debt expense(12)(4)(2)(5)(9)(10)
Income from continuing operations before equity method investments, income taxes:124125104533089
Income (loss) from equity method investments(3)(4)(3)0(2) 
Income from continuing operations before income taxes:121121101542889
Income tax expense(31)(31)(27)(18)(6)(5)
Income from continuing operations:909075352384
Income before gain (loss) on sale of properties:91752528
Income (loss) from discontinued operations 000(11)(20)(77)
Other undisclosed net income (loss) 14112 
Net income attributable to parent:9092793648
Other undisclosed net loss available to common stockholders, basic(1)     
Net income available to common stockholders, diluted:8992793648

Comprehensive Income ($ in millions)

11/30/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:9092793648
Other comprehensive income (loss)(4)(1)(1)26(4)(9)
Comprehensive income (loss), net of tax, attributable to parent:869177621(1)

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.

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