← AAR CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $47.7m | $56.5m | $15.6m | $7.5m | $4.4m | $35.8m | $78.7m | $90.2m | $46.3m | $12.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $47.2m | $56.5m | $15.6m | $7.5m | $4.4m | $35.8m | $78.7m | $89.1m | $45.8m | $12.5m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $47.7m | $56.5m | $15.6m | $7.5m | $4.4m | $35.8m | $78.7m | $90.2m | $46.3m | $12.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $40.5m | $50.2m | $73.7m | $84.1m | $24.8m | $46.3m | $78.5m | $89.8m | $46.3m | $12.5m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $7.2m | $6.3m | ($58.1m) | ($76.6m) | ($20.4m) | ($10.5m) | $200k | $400k | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $7.2m | $6.3m | ($58.1m) | ($76.6m) | ($20.4m) | ($10.5m) | $200k | — | — | — | |
| Depreciation, Depletion and Amortization | $50.0m | $52.9m | $40.5m | $42.8m | $43.7m | $36.3m | $33.1m | $27.9m | $41.2m | $55.2m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | $2.6m | |
| Amortization of Intangible Assets | $4.4m | $4.3m | $4.7m | $3.9m | $2.3m | $1.8m | $1.1m | $1.3m | $7.3m | $16.2m | |
| Deferred Income Tax Expense (Benefit) | $4.8m | $600k | ($12.9m) | ($5.0m) | $500k | $8.4m | $8.7m | ($2.2m) | ($20.5m) | ($5.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $6.7m | $11.0m | $15.3m | $13.5m | $7.3m | $9.2m | $8.2m | $13.5m | $15.3m | $19.9m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $5.4m | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($400k) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | $2.6m | — | — | — | ($20.2m) | ($1.7m) | ($700k) | ($2.8m) | ($68.9m) | |
| Income (Loss) from Equity Method Investments | — | ($200k) | — | — | ($1.9m) | $200k | ($2.9m) | ($3.2m) | ($200k) | $5.4m | |
| Income Tax Expense (Benefit) | $18.8m | $24.1m | $3.5m | $4.9m | $5.6m | $18.2m | $26.6m | $31.4m | $12.0m | $26.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $75.4m | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($2.1m) | $4.3m | $2.2m | ($800k) | ($400k) | ($300k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $16.1m | $4.0m | ($35.9m) | $34.4m | ($14.8m) | $4.5m | $49.0m | $18.1m | $5.3m | $82.8m | |
| Increase (Decrease) in Inventories | $26.4m | $18.8m | $25.8m | $80.9m | $94.5m | ($74.9m) | $10.4m | $23.6m | $90.4m | $109.3m | |
| Increase (Decrease) in Accounts Payable | $19.4m | $14.1m | $1.8m | $17.5m | $4.1m | ($62.6m) | $29.4m | — | $59.4m | $70.5m | |
| Proceeds from Stock Options Exercised | — | — | $11.6m | $8.5m | — | — | — | — | — | — | |
| Goodwill | $117.3m | $115.4m | $118.7m | $116.2m | $115.7m | $119.3m | $116.4m | $175.8m | $554.8m | $530.8m | |
| Investment Income, Interest | $300k | $200k | $100k | $1.0m | $500k | $200k | $100k | $1.0m | $2.2m | $1.8m | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | $1.4m | — | $26.7m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $2.1b | $2.1b | $1.7b | $1.8b | $2.0b | $2.3b | $2.8b | |
| Net Cash Provided by (Used in) Operating Activities | $32.1m | $21.8m | $64.3m | $67.4m | ($36.1m) | $105.2m | $75.2m | $23.3m | $43.6m | $36.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $88.4m | $33.6m | $22.0m | $17.4m | $23.6m | $11.3m | $17.3m | $29.5m | $29.7m | $34.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $12.5m | $22.9m | $2.3m | — | — | — | $103.3m | $722.9m | $1.5m | |
| Payments for (Proceeds from) Other Investing Activities | $3.8m | $2.7m | $2.3m | $600k | $2.8m | ($800k) | $6.5m | $5.2m | $5.9m | $1.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($16.9m) | ($30.1m) | ($42.9m) | ($19.0m) | ($24.8m) | ($500k) | ($16.5m) | ($138.0m) | ($758.5m) | $10.7m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $24.8m | — | — | — | — | — | $550.0m | — | |
| Repayments of Long-term Debt | — | $10.0m | — | $25.0m | — | — | $24.7m | — | — | — | |
| Payments for Repurchase of Common Stock | $18.8m | $19.8m | $13.1m | $10.3m | $4.1m | — | $42.4m | $50.1m | $5.1m | $10.1m | |
| Payments of Ordinary Dividends, Common Stock | $10.4m | $10.2m | $10.3m | $10.5m | $10.7m | $100k | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $1.4m | $6.9m | ($300k) | — | ($1.3m) | — | — | ($1.9m) | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($38.4m) | ($12.1m) | $10.0m | ($48.7m) | $444.5m | ($469.5m) | ($59.8m) | $137.7m | $729.2m | ($33.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($20.9m) | $31.3m | ($500k) | $383.6m | ($364.5m) | ($1.3m) | $22.9m | $14.3m | $13.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $31.2m | $10.3m | $41.6m | $41.1m | $424.7m | $60.2m | $81.8m | $96.1m | $109.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $7.2m | $8.8m | $8.6m | $4.3m | $2.1m | $11.1m | $31.9m | $74.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.