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)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37382131103155
Cash and cash equivalents37382131103155
Restricted cash and investments28152011   
Receivables226209198202251243229
Inventory, net of allowances, customer advances and progress billings622580524461483445456
Inventory622580524461483445456
Contract with customer, asset656259
Disposal group, including discontinued operation4529125 817
Other current assets86723626262828
Other undisclosed current assets92926587118118169
Total current assets:1,1581,072953943889873954
Noncurrent Assets
Operating lease, right-of-use asset99104
Property, plant and equipment137134133133202233215
Long-term investments and receivables66   1525
Long-term investments66   1521
Accounts and financing receivable, after allowance for credit loss      4
Intangible assets, net (including goodwill)129129138147148153160
Goodwill117117116119115117124
Intangible assets, net (excluding goodwill)12132228333637
Contract with customer, asset, net2532 
Deferred costs      29
Other noncurrent assets8190781191068785
Costs in excess of billings   14
Other undisclosed noncurrent assets1941882161831608133
Total noncurrent assets:671683565582616569561
TOTAL ASSETS:1,8291,7551,5171,5251,5041,4421,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities445365328308333317343
Accounts payable295231188170177163142
Accrued liabilities150133141138156154201
Debt    21269
Disposal group, including discontinued operation40422925   
Total current liabilities:485407358333335329412
Noncurrent Liabilities
Long-term debt and lease obligation28628014217715513685
Long-term debt, excluding current maturities20619614217715513685
Operating lease, liability8084
Liabilities, other than long-term debt101123 163734105
Deferred revenue101123
Deferred tax liabilities, net 163734105
Other undisclosed noncurrent liabilities272411262627768
Total noncurrent liabilities:414427254255255247258
Total liabilities:900833611588590576670
Stockholders' equity
Stockholders' equity attributable to parent929922906936914866845
Common stock45454545454545
Treasury stock, value(283)(288)(288)(281)(280)(268)(246)
Additional paid in capital482479479471461451443
Accumulated other comprehensive loss(40)(40)(41)(32)(40)(44)(40)
Retained earnings725725710733728682644
Total stockholders' equity:929922906936914866845
TOTAL LIABILITIES AND EQUITY:1,8291,7551,5171,5251,5041,4421,515

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

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues1,6752,1952,0521,7481,7681,6631,594
Revenue, net1,7481,7681,6631,594
Cost of revenue(1,891)(1,847)(1,722)(1,454)(1,491)(1,426)(1,544)
Cost of goods and services sold(468)(912)(1,722)(1,454)(1,491)(1,426)(1,444)
Other undisclosed gross profit543     109
Gross profit:328348330295277237159
Operating expenses(242)(238)(231)(213)(198)(175)(62)
Other operating expense, net
(Other Expenses)
  (1)(1)   
Other undisclosed operating loss(1)(1)     
Operating income:851099880786297
Nonoperating income0 10000
Investment income, nonoperating0010000
Other nonoperating expense(1)(1)     
Interest and debt expense(9)(9)(10)(8)(6)(7)(71)
Income from continuing operations before equity method investments, income taxes:761008973735526
Income (loss) from equity method investments    (0) 0
Income from continuing operations before income taxes:761008973735527
Income tax expense (benefit)(10)(9)(5)(4)(24)(19)29
Income from continuing operations:66918469493655
Income (loss) from discontinued operations(23)(87)(77)(58)6765
Income before gain (loss) on sale of properties:4448115544120
Other undisclosed net income (loss)   524(110)
Net income:444816574810
Other undisclosed net loss attributable to parent      (0)
Net income attributable to parent:444816574810
Other undisclosed net loss available to common stockholders, basic     (1)(0)
Net income available to common stockholders, diluted:444816574710

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:444816574810
Other comprehensive income (loss)(8)(7)(9)85(4)(11)
Comprehensive income (loss):36(3)(1)246144(1)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (0)
Comprehensive income (loss), net of tax, attributable to parent:36(3)(1)246144(1)

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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