AAR CORP
For the period ended Aug 31, 2025. Filed Sep 23, 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.
Aug 31, 2025 · Filed Sep 23, 2025
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended | ||||||
| · · August 31, | ||||||
| | 2025 | 2024 | ||||
| Cash flows used in operating activities: | | | | | | |
| Net income | | $34.4 | | $18.0 | ||
| Adjustments to reconcile net income to net cash used in operating activities: | | | | | | |
| Depreciation and amortization | | 13.8 | | | 13.5 | |
| Amortization of financing costs | | | 0.7 | | | 0.7 |
| Stock-based compensation expense | | 5.3 | | | 5.0 | |
| Earnings from joint ventures | | | (3.0) | | | (2.3) |
| Provision for credit losses | | | 0.6 | | | 0.2 |
| Gain on sale of business | | | (1.0) | | | — |
| Changes in certain assets and liabilities: | | | | | | |
| Accounts receivable | | (8.5) | | (23.7) | ||
| Contract assets | | | (6.4) | | | (24.5) |
| Inventories | | | (51.8) | | | (14.8) |
| Prepaid expenses and other current assets | | | 3.5 | | | (8.5) |
| Rotable assets supporting long-term programs | | (3.5) | | (6.5) | ||
| Accounts payable | | 10.0 | | 19.4 | ||
| Accrued and other liabilities | | (26.7) | | | (10.9) | |
| Other | | | (12.3) | | 15.8 | |
| Net cash used in operating activities | | (44.9) | | (18.6) | ||
| Cash flows used in investing activities: | | | | | | |
| Property, plant, and equipment expenditures | | | (8.7) | | | (7.9) |
| Acquisitions, net of cash acquired | | | (11.9) | | | 2.9 |
| Other | | | (3.2) | | | (0.3) |
| Net cash used in investing activities | | | (23.8) | | | (5.3) |
| Cash flows provided by (used in) financing activities: | | | | | | |
| Proceeds from long-term borrowings | | 153.0 | | | — | |
| Short-term borrowings (repayments), net | | | (97.0) | | | (5.0) |
| Financing costs | | | (2.5) | | | — |
| Stock compensation activity | | | (2.4) | | | (4.1) |
| Net cash provided by (used in) financing activities | | 51.1 | | (9.1) | ||
| Decrease in cash, cash equivalents, and restricted cash | | | (17.6) | | | (33.0) |
| Cash, cash equivalents, and restricted cash at beginning of period | | 109.2 | | | 96.1 | |
| Cash, cash equivalents, and restricted cash at end of period | | $91.6 | | $63.1 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.