AAR CORP
For the period ended Feb 29, 2024. Filed Mar 21, 2024.
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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.
Feb 29, 2024 · Filed Mar 21, 2024
AIR$116.62+6.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
As of February 29, 2024 and May 31, 2023
| | | | | | | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| | | | | | | |
| · · February 29, · · May 31, | ||||||
| · · 2024 · · 2023 | ||||||
| | (Unaudited) | | | |||
| Current assets: | | | | | | |
| Cash and cash equivalents | | $69.2 | | $68.4 | ||
| Restricted cash | | | 14.4 | | | 13.4 |
| Accounts receivable, less allowances of $13.9 and $13.4, respectively | | | 257.1 | | | 241.3 |
| Contract assets | | | 86.5 | | | 86.9 |
| Inventories | | 671.5 | | 574.1 | ||
| Rotable assets and equipment on or available for short-term lease | | 74.5 | | 50.6 | ||
| Assets of discontinued operations | | | 10.8 | | | 13.5 |
| Prepaid expenses and other current assets | | | 56.7 | | | 49.7 |
| Total current assets | | 1,240.7 | | 1,097.9 | ||
| | | | | | | |
| Property, plant, and equipment, net of accumulated depreciation of $278.2 and $268.8, respectively | | | 134.1 | | | 126.1 |
| | | | | | | |
| Other assets: | | | | | | |
| Goodwill | | 179.4 | | 175.8 | ||
| Intangible assets, net of accumulated amortization of $9.3 and $6.0, respectively | | 60.4 | | 63.7 | ||
| Operating lease right-of-use assets, net | | | 89.5 | | | 63.7 |
| Rotable assets supporting long-term programs | | | 177.9 | | | 178.1 |
| Other non-current assets | | 139.8 | | 127.8 | ||
| | | 647.0 | | 609.1 | ||
| | | $2,021.8 | | $1,833.1 | ||
Condensed Consolidated Balance Sheets
As of February 29, 2024 and May 31, 2023
| | | | | | | |
|---|---|---|---|---|---|---|
| LIABILITIES AND EQUITY | ||||||
| | | | | | | |
| · · February 29, · · May 31, | ||||||
| · · 2024 · · 2023 | ||||||
| | (Unaudited) | | | |||
| Current liabilities: | | | | | | |
| Accounts payable | | $230.3 | | $158.5 | ||
| Accrued liabilities | | 187.4 | | 179.6 | ||
| Liabilities of discontinued operations | | | 10.5 | | | 13.4 |
| Total current liabilities | | 428.2 | | 351.5 | ||
| | | | | | | |
| Long-term debt | | 274.7 | | 269.7 | ||
| Operating lease liabilities | | | 73.0 | | | 48.2 |
| Deferred tax liabilities | | 37.0 | | 33.6 | ||
| Other liabilities | | 40.9 | | 31.0 | ||
| | | 425.6 | | 382.5 | ||
| | | | | | | |
| 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 | | 489.3 | | 484.5 | ||
| Retained earnings | | 947.8 | | 910.6 | ||
| Treasury stock, 9,873,730 and 10,385,237 shares at cost, respectively | | (305.7) | | (317.8) | ||
| Accumulated other comprehensive loss | | (8.7) | | (23.5) | ||
| Total equity | | 1,168.0 | | 1,099.1 | ||
| | | $2,021.8 | | $1,833.1 | ||
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