AAR CORP
For the period ended Aug 31, 2026. Filed Sep 29, 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.
Aug 31, 2026 · Filed Sep 29, 2026
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, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows provided by (used in) operating activities: | | | | | | |
| Net income | | $40.1 | | $34.4 | ||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | | | | | | |
| Depreciation and amortization | | 18.8 | | | 13.8 | |
| Amortization of financing costs | | | 0.8 | | | 0.7 |
| Stock-based compensation expense | | 7.8 | | | 5.3 | |
| Earnings from joint ventures | | | (2.8) | | | (3.0) |
| Gain related to sale and exit of business | | | — | | | (1.0) |
| Changes in certain assets and liabilities: | | | | | | |
| Accounts receivable | | (50.5) | | (8.5) | ||
| Contract assets | | | 13.3 | | | (6.4) |
| Inventories | | | (41.1) | | | (51.8) |
| Prepaid expenses and other current assets | | | (15.4) | | | 3.5 |
| Rotable assets | | 27.5 | | (3.5) | ||
| Accounts payable | | 42.1 | | 10.0 | ||
| Accrued and other liabilities | | (1.3) | | | (26.7) | |
| Other | | | 16.5 | | (11.7) | |
| Net cash provided by (used in) operating activities | | 55.8 | | (44.9) | ||
| Cash flows used in investing activities: | | | | | | |
| Property, plant, and equipment expenditures | | | (11.8) | | | (8.7) |
| Acquisitions, net of cash acquired | | | (6.2) | | | (11.9) |
| Hangar expansion activity, net | | | (0.5) | | | (4.2) |
| Investment | | | (7.5) | | | — |
| Other | | | 0.4 | | | 1.0 |
| Net cash used in investing activities | | | (25.6) | | | (23.8) |
| Cash flows provided by (used in) financing activities: | | | | | | |
| Short-term borrowings (repayments), net | | | (15.0) | | | (97.0) |
| Proceeds from long-term borrowings | | | — | | | 153.0 |
| Financing costs | | | — | | | (2.5) |
| Stock compensation activity | | | (9.9) | | | (2.4) |
| Net cash provided by (used in) financing activities | | (24.9) | | 51.1 | ||
| Increase (Decrease) in cash, cash equivalents, and restricted cash | | | 5.3 | | | (17.6) |
| Cash, cash equivalents, and restricted cash at beginning of period | | 107.8 | | | 109.2 | |
| Cash, cash equivalents, and restricted cash at end of period | | $113.1 | | $91.6 | ||
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