AAR Corp. (AIR) financial statements (2020 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)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38213110315589
Cash and cash equivalents38213110315589
Restricted cash and investments152011    
Receivables209198202251243229283
Inventory, net of allowances, customer advances and progress billings580524461483445456495
Inventory580524461483445456495
Contract with customer, asset6259
Disposal group, including discontinued operation529125 817 
Other current assets72362626282882
Other undisclosed current assets926587118118169168
Total current assets:1,0729539438898739541,117
Noncurrent Assets
Operating lease, right-of-use asset104
Property, plant and equipment134133133202233215315
Long-term investments and receivables6   152535
Long-term investments6   152130
Accounts and financing receivable, after allowance for credit loss     45
Intangible assets, net (including goodwill)129138147148153160427
Goodwill117116119115117124262
Intangible assets, net (excluding goodwill)132228333637165
Contract with customer, asset, net32 
Deferred costs     29 
Other noncurrent assets90781191068785100
Costs in excess of billings   1415
Other undisclosed noncurrent assets1882161831608133(125)
Total noncurrent assets:683565582616569561768
Other undisclosed assets      315
TOTAL ASSETS:1,7551,5171,5251,5041,4421,5152,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities365328308333317343332
Accounts payable231188170177163142171
Accrued liabilities133141138156154201161
Debt   2126970
Disposal group, including discontinued operation422925    
Total current liabilities:407358333335329412402
Noncurrent Liabilities
Long-term debt and lease obligation28014217715513685564
Long-term debt, excluding current maturities19614217715513685564
Operating lease, liability84
Liabilities, other than long-term debt123 163734105162
Deferred revenue123
Deferred tax liabilities, net 163734105162
Other undisclosed noncurrent liabilities241126262776870
Total noncurrent liabilities:427254255255247258797
Total liabilities:8336115885905766701,199
Stockholders' equity
Stockholders' equity attributable to parent9229069369148668451,000
Common stock45454545454545
Treasury stock, value(288)(288)(281)(280)(268)(246)(98)
Additional paid in capital479479471461451443436
Accumulated other comprehensive loss(40)(41)(32)(40)(44)(40)(29)
Retained earnings725710733728682644646
Stockholders' equity attributable to noncontrolling interest      1
Total stockholders' equity:9229069369148668451,001
TOTAL LIABILITIES AND EQUITY:1,7551,5171,5251,5041,4421,5152,200

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Revenues2,1952,0521,7481,7681,6631,5942,035
Revenue, net1,7481,7681,6631,5942,035
Cost of revenue(1,847)(1,722)(1,454)(1,491)(1,426)(1,544)(1,695)
Cost of goods and services sold(912)(1,722)(1,454)(1,491)(1,426)(1,444)(1,695)
Other undisclosed gross profit     109 
Gross profit:348330295277237159340
Operating expenses(238)(231)(213)(198)(175)(62)(208)
Other operating expense, net
(Other Expenses)
 (1)(1)    
Other undisclosed operating loss(1)      
Operating income:1099880786297132
Nonoperating income 100002
Investment income, nonoperating0100002
Interest and debt expense(9)(10)(8)(6)(7)(71)(42)
Income from continuing operations before equity method investments, income taxes:100897373552692
Income (loss) from equity method investments   (0) 03
Income from continuing operations before income taxes:100897373552795
Income tax expense (benefit)(9)(5)(4)(24)(19)29(32)
Income from continuing operations:91846949365563
Income (loss) from discontinued operations(87)(77)(58)6765 
Income before gain (loss) on sale of properties:4811554412063
Other undisclosed net income (loss)  524(110)10
Net income:481657481073
Net loss attributable to noncontrolling interest      (0)
Other undisclosed net loss attributable to parent     (0) 
Net income attributable to parent:481657481073
Other undisclosed net loss available to common stockholders, basic    (1)(0)(2)
Net income available to common stockholders, diluted:481657471071

Comprehensive Income ($ in millions)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Net income:481657481073
Other comprehensive income (loss)(7)(9)85(4)(11)13
Comprehensive income (loss):(3)(1)246144(1)86
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:(3)(1)246144(1)86

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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