AAR CORP
For the period ended Aug 31, 2024. Filed Sep 24, 2024.
View on SEC.govAbout this filing
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, 2024 · Filed Sep 24, 2024
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended | ||||||
| · · August 31, | ||||||
| | 2024 | 2023 | ||||
| Cash flows used in operating activities: | | | | | | |
| Net income (loss) | | $18.0 | | $(0.6) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | | | | | | |
| Depreciation and amortization | | 14.2 | | 8.4 | ||
| Stock-based compensation expense | | 5.0 | | 4.3 | ||
| Pension settlement charge | | | — | | | 26.7 |
| Loss (Earnings) from joint ventures | | | (2.3) | | | 0.9 |
| Provision for credit losses | | | 0.2 | | | 0.4 |
| Deferred tax benefit | | | — | | | (4.6) |
| Changes in certain assets and liabilities: | | | | | | |
| Accounts receivable | | (23.7) | | (40.5) | ||
| Contract assets | | | (24.5) | | | (12.3) |
| Inventories | | | (14.8) | | | (39.8) |
| Prepaid expenses and other current assets | | | (8.5) | | | (8.8) |
| Rotable assets supporting long-term programs | | (6.5) | | (1.0) | ||
| Accounts payable | | 19.4 | | 64.2 | ||
| Accrued and other liabilities | | (10.9) | | | (10.0) | |
| Deferred revenue on long-term programs | | | 0.1 | | | (4.3) |
| Other | | | 15.7 | | (1.5) | |
| Net cash used in operating activities – continuing operations | | (18.6) | | (18.5) | ||
| Net cash used in operating activities - discontinued operations | | — | | (0.2) | ||
| Net cash used in operating activities | | | (18.6) | | | (18.7) |
| Cash flows used in investing activities: | | | | | | |
| Property, plant, and equipment expenditures | | | (7.9) | | | (9.1) |
| Acquisition | | | 2.9 | | | — |
| Other | | | (0.3) | | | (2.5) |
| Net cash used in investing activities – continuing operations | | | (5.3) | | | (11.6) |
| Cash flows provided by (used in) financing activities: | | | | | | |
| Short-term borrowings (repayments), net | | | (5.0) | | | 35.0 |
| Stock compensation activity | | | (4.1) | | | 3.7 |
| Net cash provided by (used in) financing activities – continuing operations | | (9.1) | | 38.7 | ||
| Increase (Decrease) in cash, cash equivalents, and restricted cash | | | (33.0) | | | 8.4 |
| Cash, cash equivalents, and restricted cash at beginning of period | | 96.1 | | | 81.8 | |
| Cash, cash equivalents, and restricted cash at end of period | | $63.1 | | $90.2 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.