AAR Corp. (AIR) Financial Statements (2025 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)

8/31/2024
MRQ
5/31/2024
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8665685452405
Cash and cash equivalents8665685452405
Restricted cash and investments1010155820
Receivables287246241214167172
Inventory, net of allowances, customer advances and progress billings733646574551541623
Inventory733646574551541623
Contract with customer, asset, after allowance for credit loss1239987747249
Other current assets      77
Other undisclosed current assets1501271131109893
Total current assets:1,3901,1941,0981,0079371,439
Noncurrent Assets
Operating lease, right-of-use asset979064737690
Property, plant and equipment172133126110120136
Intangible assets, net (including goodwill)790238240120124122
Goodwill555176176116119116
Intangible assets, net (excluding goodwill)2356264356
Contract with customer, asset, after allowance for credit loss 33    
Other noncurrent assets156133128989982
Other undisclosed noncurrent assets166144178167184212
Total noncurrent assets:1,380771735567603640
TOTAL ASSETS:2,7701,9661,8331,5741,5402,079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities457369338331301353
Accounts payable238210159156127192
Accrued liabilities219159180175174162
Deferred revenue      
Disposal group, including discontinued operation101113173530
Other undisclosed current liabilities      
Total current liabilities:467380352348337383
Noncurrent Liabilities
Long-term debt and lease obligation, including:98527527099134600
Long-term debt, excluding current maturities98527527099134600
Other undisclosed long-term debt and lease obligation    (57)(60)(71)
Liabilities, other than long-term debt1111239530588
Deferred revenue7101310588
Deferred income tax liabilities24403420  
Operating lease, liability807348576071
Other undisclosed noncurrent liabilities1732186289105
Total noncurrent liabilities:1,113430383191229793
Total liabilities:1,5808107345395651,176
Equity
Equity, attributable to parent1,1901,1561,0991,035974903
Common stock454545454545
Treasury stock, value(298)(301)(318)(289)(274)(283)
Additional paid in capital494486485478480479
Accumulated other comprehensive loss(9)(9)(24)(20)(18)(45)
Retained earnings957934911820742706
Total equity:1,1901,1561,0991,035974903
TOTAL LIABILITIES AND EQUITY:2,7701,9661,8331,5741,5402,079

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

8/31/2024
TTM
5/31/2024
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Revenues2,3192,1701,9911,8201,6522,072
Cost of revenue(1,877)(1,762)(1,620)(1,501)(1,345)(1,803)
Cost of goods and services sold(1,877)(890)    
Other undisclosed gross profit  (1)(1)(6)(31) 
Gross profit:442407370313276269
Operating expenses(316)(273)(234)(209)(222)(226)
Other operating expense, net
(Other Expenses)
      (2)
Operating income:1271341361045441
Nonoperating income (expense)20025(2)
Investment income, nonoperating221001
Other nonoperating income (expense)(0)(2)(1)24(2)
Interest and debt expense(43)(21)(12)(2)(5)(9)
Income from continuing operations before equity method investments, income taxes:851131241045330
Income (loss) from equity method investments(0)(2)(3)(3)0(2)
Income from continuing operations before income taxes:851111211015428
Income tax expense(12)(16)(31)(27)(18)(6)
Income from continuing operations:739590753523
Income before gain (loss) on sale of properties:75252
Income (loss) from discontinued operations   00(11)(20)
Other undisclosed net income (loss)(27)(27) 4112
Net income attributable to parent:46689079364
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)   
Net income available to common stockholders, basic:46678979364
Other undisclosed net income available to common stockholders, diluted43     
Net income available to common stockholders, diluted:89678979364

Comprehensive Income ($ in millions)

8/31/2024
TTM
5/31/2024
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Net income:46689079364
Other comprehensive income (loss)1514(4)(1)26(4)
Comprehensive income, net of tax, attributable to parent:61838677621

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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