AAR Corp. (AIR) financial statements (2022 and earlier)

Company profile

Business Address 1100 N WOOD DALE RD
WOOD DALE, IL 60191
State of Incorp. DE
Fiscal Year End May 31
SIC 372 - Aircraft And Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments414352405213110
Cash and cash equivalents414352405213110
Restricted cash and investments248202011 
Receivables209192167172198202251
Inventory, net of allowances, customer advances and progress billings535532541623524461483
Inventory535532541623524461483
Contract with customer, asset6969724959
Disposal group, including discontinued operation    29125 
Other current assets5036 77362626
Other undisclosed current assets717298936587118
Total current assets:9779479371,439953943889
Noncurrent Assets
Operating lease, right-of-use asset73767690
Property, plant and equipment107106120136133133202
Intangible assets, net (including goodwill)121121124122138147148
Goodwill  119116116119115
Intangible assets, net (excluding goodwill)  56222833
Other undisclosed intangible assets, net (including goodwill)121121     
Contract with customer, asset, net2224   
Other noncurrent assets103106998278119106
Other undisclosed noncurrent assets149150184212216183160
Total noncurrent assets:575583603640565582616
TOTAL ASSETS:1,5521,5301,5402,0791,5171,5251,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities298267301353328308333
Accounts payable141124127192188170177
Accrued liabilities157143174162141138156
Deferred revenue2734  
Debt      2
Disposal group, including discontinued operation181935302925 
Total current liabilities:343320337383358333335
Noncurrent Liabilities
Long-term debt and lease obligation, including:161164134600142177155
Long-term debt, excluding current maturities103103134600142177155
Operating lease, liability58616071
Other undisclosed long-term debt and lease obligation  (60)(71)   
Liabilities, other than long-term debt99588 1637
Deferred revenue99588
Deferred tax liabilities, net 1637
Other undisclosed noncurrent liabilities2130891051126262
Total noncurrent liabilities:191202229793254255255
Total liabilities:5345235651,176611588590
Stockholders' equity
Stockholders' equity attributable to parent1,0181,007974903906936914
Common stock45454545454545
Treasury stock, value(285)(272)(274)(283)(288)(281)(280)
Additional paid in capital481482480479479471461
Accumulated other comprehensive loss(20)(22)(18)(45)(41)(32)(40)
Retained earnings797774742706710733728
Total stockholders' equity:1,0181,007974903906936914
TOTAL LIABILITIES AND EQUITY:1,5521,5301,5402,0791,5171,5251,504

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

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues1,7821,7401,6522,0722,0521,7481,768
Revenue, net1,7481,768
Cost of revenue(1,479)(1,431)(1,345)(1,803)(1,722)(1,454)(1,491)
Cost of goods and services sold    (1,722)(1,454)(1,491)
Other undisclosed gross profit(7)(8)(31)    
Gross profit:295301276269330295277
Operating expenses(205)(203)(222)(226)(231)(213)(198)
Other operating expense, net
(Other Expenses)
   (2)(1)(1) 
Operating income:91985441988078
Nonoperating income (expense)365(2)100
Investment income, nonoperating0001100
Other nonoperating income (expense)364(2)   
Interest and debt expense(3)(3)(5)(9)(10)(8)(6)
Income from continuing operations before equity method investments, income taxes:911005330897373
Income (loss) from equity method investments(1)(0)0(2)  (0)
Income from continuing operations before income taxes:891005428897373
Income tax expense(25)(29)(18)(6)(5)(4)(24)
Income from continuing operations:64723523846949
Income (loss) from discontinued operations(1)(3)(11)(20)(77)(58)6
Income before gain (loss) on sale of properties:646825281155
Other undisclosed net income56112 52
Net income available to common stockholders, diluted:697436481657

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net income:697436481657
Other comprehensive income (loss)222126(4)(9)85
Comprehensive income (loss), net of tax, attributable to parent:9195621(1)2461

Statements sources

The financial statements are based on the company's filings with the 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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