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)

2/29/2024
MRQ
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6568545240521
Cash and cash equivalents6568545240521
Restricted cash and investments1015582020
Receivables246241214167172198
Inventory, net of allowances, customer advances and progress billings646574551541623524
Inventory646574551541623524
Contract with customer, asset, after allowance for credit loss998774724959
Disposal group, including discontinued operation      29
Other current assets     7736
Other undisclosed current assets127113110989365
Total current assets:1,1941,0981,0079371,439953
Noncurrent Assets
Operating lease, right-of-use asset9064737690
Property, plant and equipment133126110120136133
Intangible assets, net (including goodwill)238240120124122138
Goodwill176176116119116116
Intangible assets, net (excluding goodwill)626435622
Contract with customer, asset, after allowance for credit loss33     
Other noncurrent assets13312898998278
Other undisclosed noncurrent assets144178167184212216
Total noncurrent assets:771735567603640565
TOTAL ASSETS:1,9661,8331,5741,5402,0791,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities369338331301353328
Accounts payable210159156127192188
Accrued liabilities159180175174162141
Disposal group, including discontinued operation111317353029
Total current liabilities:380352348337383358
Noncurrent Liabilities
Long-term debt and lease obligation, including:27527099134600142
Long-term debt, excluding current maturities27527099134600142
Other undisclosed long-term debt and lease obligation   (57)(60)(71) 
Liabilities, other than long-term debt1239530588 
Deferred revenue101310588
Deferred income tax liabilities403420  
Operating lease, liability7348576071
Other undisclosed noncurrent liabilities32186289105112
Total noncurrent liabilities:430383191229793254
Total liabilities:8107345395651,176611
Equity
Equity, attributable to parent1,1561,0991,035974903906
Common stock454545454545
Treasury stock, value(301)(318)(289)(274)(283)(288)
Additional paid in capital486485478480479479
Accumulated other comprehensive loss(9)(24)(20)(18)(45)(41)
Retained earnings934911820742706710
Total equity:1,1561,0991,035974903906
TOTAL LIABILITIES AND EQUITY:1,9661,8331,5741,5402,0791,517

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

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues2,1701,9911,8201,6522,0722,052
Cost of revenue(1,762)(1,620)(1,501)(1,345)(1,803)(1,722)
Cost of goods and services sold(890)    (1,722)
Other undisclosed gross profit(1)(1)(6)(31)  
Gross profit:407370313276269330
Operating expenses(273)(234)(209)(222)(226)(231)
Other operating expense, net
(Other Expenses)
     (2)(1)
Operating income:134136104544198
Nonoperating income (expense)0025(2)1
Investment income, nonoperating210011
Other nonoperating income (expense)(2)(1)24(2) 
Interest and debt expense(21)(12)(2)(5)(9)(10)
Income from continuing operations before equity method investments, income taxes:113124104533089
Income (loss) from equity method investments(2)(3)(3)0(2) 
Income from continuing operations before income taxes:111121101542889
Income tax expense(16)(31)(27)(18)(6)(5)
Income from continuing operations:959075352384
Income before gain (loss) on sale of properties:752528
Income (loss) from discontinued operations  00(11)(20)(77)
Other undisclosed net income (loss)(27) 4112 
Net income attributable to parent:6890793648
Other undisclosed net loss available to common stockholders, basic(1)(1)    
Net income available to common stockholders, diluted:6789793648

Comprehensive Income ($ in millions)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:6890793648
Other comprehensive income (loss)14(4)(1)26(4)(9)
Comprehensive income (loss), net of tax, attributable to parent:838677621(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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