AAR CORP
For the period ended Nov 30, 2024. Filed Jan 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2024 · Filed Jan 8, 2025
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
As of November 30, 2024 and May 31, 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| | | | | | | |
| · · November 30, · · May 31, | ||||||
| · · 2024 · · 2024 | ||||||
| | (Unaudited) | | | |||
| Current assets: | | | | | | |
| Cash and cash equivalents | | $61.7 | | $85.8 | ||
| Restricted cash | | | 20.8 | | | 10.3 |
| Accounts receivable, less allowances of $11.5 and $14.1, respectively | | | 320.4 | | | 287.2 |
| Contract assets | | | 150.2 | | | 123.2 |
| Inventories | | 790.0 | | 733.1 | ||
| Rotable assets and equipment on or available for short-term lease | | 65.5 | | 81.5 | ||
| Assets of discontinued operations | | | 8.0 | | | 9.9 |
| Prepaid expenses and other current assets | | | 81.4 | | | 58.6 |
| Total current assets | | 1,498.0 | | 1,389.6 | ||
| | | | | | | |
| Property, plant, and equipment, net of accumulated depreciation of $289.8 and $280.0, respectively | | | 167.0 | | | 171.7 |
| | | | | | | |
| Other assets: | | | | | | |
| Goodwill | | 543.2 | | 554.8 | ||
| Intangible assets, net of accumulated amortization of $21.4 and $13.3, respectively | | 227.3 | | 235.4 | ||
| Rotable assets supporting long-term programs | | | 174.0 | | | 166.3 |
| Operating lease right-of-use assets, net | | | 90.5 | | | 96.6 |
| Other non-current assets | | 149.3 | | 155.6 | ||
| | | 1,184.3 | | 1,208.7 | ||
| | | $2,849.3 | | $2,770.0 | ||
Condensed Consolidated Balance Sheets
As of November 30, 2024 and May 31, 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| LIABILITIES AND EQUITY | ||||||
| | | | | | | |
| · · November 30, · · May 31, | ||||||
| · · 2024 · · 2024 | ||||||
| | (Unaudited) | | | |||
| Current liabilities: | | | | | | |
| Accounts payable | | $291.8 | | $238.0 | ||
| Accrued liabilities | | 258.8 | | 219.3 | ||
| Liabilities of discontinued operations | | | 7.7 | | | 9.6 |
| Total current liabilities | | 558.3 | | 466.9 | ||
| | | | | | | |
| Long-term debt | | 986.7 | | 985.4 | ||
| Operating lease liabilities | | | 78.0 | | | 80.3 |
| Deferred tax liabilities | | 23.5 | | 23.9 | ||
| Other liabilities | | 21.2 | | 23.7 | ||
| | | 1,109.4 | | 1,113.3 | ||
| | | | | | | |
| Equity: | | | | | | |
| Preferred stock, $1.00 par value, authorized 250,000 shares; none issued | | –– | | –– | ||
| Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,300,786 shares at cost | | 45.3 | | 45.3 | ||
| Capital surplus | | 495.5 | | 493.9 | ||
| Retained earnings | | 944.3 | | 956.9 | ||
| Treasury stock, 9,386,137 and 9,606,820 shares at cost, respectively | | (292.9) | | (297.5) | ||
| Accumulated other comprehensive loss | | (10.6) | | (8.8) | ||
| Total equity | | 1,181.6 | | 1,189.8 | ||
| | | $2,849.3 | | $2,770.0 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.