AAR CORP
For the period ended Feb 28, 2025. Filed Mar 28, 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.
Feb 28, 2025 · Filed Mar 28, 2025
AIR$115.61-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
For the Nine Months Ended February 28/29, 2025 and 2024
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended | ||||||
| · · February 28/29, | ||||||
| | 2025 | 2024 | ||||
| Cash flows provided by (used in) operating activities: | | | | | | |
| Net income (loss) | | $(21.5) | | $37.2 | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | |
| Depreciation and amortization | | 41.5 | | | 25.5 | |
| Amortization of financing costs | | | 2.0 | | | 0.4 |
| Stock-based compensation expense | | 15.6 | | | 11.5 | |
| Impairment charge | | | 63.0 | | | — |
| Pension settlement charge | | | — | | | 26.7 |
| Loss (Earnings) from joint ventures | | | (4.7) | | | 0.5 |
| Provision for (Recovery of) credit losses | | | (0.3) | | | 0.5 |
| Deferred tax benefit | | | (0.6) | | | (4.8) |
| Changes in certain assets and liabilities: | | | | | | |
| Accounts receivable | | (42.2) | | (17.3) | ||
| Contract assets | | | (37.8) | | | 0.5 |
| Inventories | | | (76.6) | | | (97.3) |
| Prepaid expenses and other current assets | | | (16.9) | | | (11.3) |
| Rotable assets supporting long-term programs | | (24.2) | | (6.9) | ||
| Accounts payable | | 51.7 | | 73.7 | ||
| Accrued and other liabilities | | 19.8 | | | 19.8 | |
| Deferred revenue on long-term programs | | | (4.1) | | | (13.6) |
| Other | | | 20.0 | | (25.8) | |
| Net cash provided by (used in) operating activities – continuing operations | | (15.3) | | 19.3 | ||
| Net cash used in operating activities – discontinued operations | | — | | (0.2) | ||
| Net cash provided by (used in) operating activities | | | (15.3) | | | 19.1 |
| Cash flows used in investing activities: | | | | | | |
| Property, plant, and equipment expenditures | | | (24.7) | | | (22.2) |
| Acquisition | | | 2.9 | | | — |
| Other | | | 4.9 | | | (4.6) |
| Net cash used in investing activities | | | (16.9) | | | (26.8) |
| Cash flows provided by financing activities: | | | | | | |
| Short-term borrowings, net | | | 35.0 | | | 5.0 |
| Purchase of treasury stock | | | — | | | (5.1) |
| Financing costs | | | (0.1) | | | (0.8) |
| Stock compensation activity | | | 2.1 | | | 10.4 |
| Net cash provided by financing activities | | 37.0 | | 9.5 | ||
| Increase in cash, cash equivalents, and restricted cash | | | 4.8 | | | 1.8 |
| Cash, cash equivalents, and restricted cash at beginning of period | | 96.1 | | | 81.8 | |
| Cash, cash equivalents, and restricted cash at end of period | | $100.9 | | $83.6 | ||
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