AAR CORP

For the period ended May 31, 2024. Filed Jul 19, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jul 19, 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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Contents

Consolidated Balance Sheets

ASSETS


· · May 31,
· 2024 · 2023
		(In millions, except share data)
Current assets:
Cash and cash equivalents	$85.8		$68.4
Restricted cash	10.3		13.4
Accounts receivable, net	287.2		241.3
Contract assets	123.2		86.9
Inventories	733.1		574.1
Rotable assets and equipment on or available for short-term lease	81.5		50.6
Assets of discontinued operations	9.9		13.5
Prepaid expenses and other current assets	58.6		49.7
Total current assets	1,389.6		1,097.9

Property, plant and equipment, at cost:
Land	9.5		3.3
Buildings and improvements	118.1		95.9
Equipment and furniture and fixtures	324.1		295.7
	451.7		394.9
Accumulated depreciation	(280.0)		(268.8)
	171.7		126.1

Other assets:
Goodwill	554.8		175.8
Intangible assets, net	235.4		63.7
Operating lease right-of-use assets, net	96.6		63.7
Rotable assets supporting long-term programs	166.3		178.1
Other non-current assets	155.6		127.8
	1,208.7		609.1
	$2,770.0		$1,833.1

CONSOLIDATED BALANCE SHEETS

LIABILITIES AND EQUITY


· · May 31,
· 2024 · 2023
		(In millions, except share data)
Current liabilities:
Accounts payable	$238.0		$158.5
Accrued liabilities	219.3		179.6
Liabilities of discontinued operations	9.6		13.4
Total current liabilities	466.9		351.5

Long-term debt	985.4		269.7
Operating lease liabilities	80.3		48.2
Deferred tax liabilities	23.9		33.6
Other liabilities	23.7		31.0
	1,113.3		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	493.9		484.5
Retained earnings	956.9		910.6
Treasury stock, 9,606,820 and 10,385,237 shares at cost, respectively	(297.5)		(317.8)
Accumulated other comprehensive loss	(8.8)		(23.5)
Total equity	1,189.8		1,099.1
	$2,770.0		$1,833.1

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.