AAR CORP
For the period ended Nov 30, 2025. Filed Jan 7, 2026.
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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, 2025 · Filed Jan 7, 2026
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 Statements of Cash Flows
For the Six Months Ended November 30, 2025 and 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Six Months Ended | ||||||
| · · November 30, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows used in operating activities: | | | | | | |
| Net income (loss) | | $69.0 | | $(12.6) | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in)operating activities: | | | | | | |
| Depreciation and amortization | | 30.9 | | | 27.5 | |
| Amortization of financing costs | | | 1.6 | | | 1.3 |
| Stock-based compensation expense | | 9.6 | | | 10.0 | |
| Earnings from joint ventures | | | (2.9) | | | (4.2) |
| Provision for (Recovery of) credit losses | | | 1.7 | | | (0.1) |
| Gain on sale of business | | | (1.0) | | | — |
| Changes in certain assets and liabilities, net of acquisitions: | | | | | | |
| Accounts receivable | | (10.6) | | (33.3) | ||
| Contract assets | | | 3.7 | | | (27.2) |
| Inventories | | | (18.3) | | | (57.4) |
| Prepaid expenses and other current assets | | | (17.5) | | | (10.6) |
| Rotable assets supporting long-term programs | | (44.6) | | (12.1) | ||
| Accounts payable | | 0.4 | | 54.2 | ||
| Accrued and other liabilities | | (29.0) | | | 48.4 | |
| Other | | | (24.3) | | 19.5 | |
| Net cash provided by (used in) operating activities | | (31.3) | | 3.4 | ||
| Cash flows used in investing activities: | | | | | | |
| Property, plant, and equipment expenditures | | | (16.1) | | | (16.2) |
| Acquisitions, net of cash acquired | | | (221.6) | | | 2.9 |
| Other | | | 0.6 | | | 0.1 |
| Net cash used in investing activities | | | (237.1) | | | (13.2) |
| Cash flows provided by (used in) financing activities: | | | | | | |
| Proceeds from equity offering, net | | | 273.9 | | | — |
| Proceeds from long - term borrowings, net | | | 153.0 | | | — |
| Short-term borrowings (repayments), net | | | (167.0) | | | (3.8) |
| Financing costs | | | (2.5) | | | — |
| Stock compensation activity | | | (2.0) | | | — |
| Net cash provided by (used in) financing activities | | 255.4 | | (3.8) | ||
| Decrease in cash, cash equivalents, and restricted cash | | | (13.0) | | | (13.6) |
| Cash, cash equivalents, and restricted cash at beginning of period | | 109.2 | | | 96.1 | |
| Cash, cash equivalents, and restricted cash at end of period | | $96.2 | | $82.5 | ||
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