AAR Corp. (AIR)

AAR Corp. Cash Flow Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Net Income	171	25	92.6	179.6	157	92.6
Depreciation & Amortization	64.8	55.2	40.2	27.2	33.1	36.3
Stock-Based Compensation	17.6	19.9	15.3	13.5	8.2	9.2
Other Adjustments	-39.9	60.8	8.1	5.3	17.1	49.1
Change in Receivables	-50.3	-109.4	-22.4	-31.8	-50.9	-30.9
Changes in Inventories	-98.2	-109.3	-90.4	-23.6	-10.4	74.9
Changes in Accounts Payable	83	70.5	59.4	-	29.4	-62.6
Changes in Accrued Expenses	63.7	40.9	16.9	-6.4	-10.5	16.2
Changes in Unearned Revenue	-	-	-	-	3.8	-83
Changes in Other Operating Activities	-29.3	-5	-29.6	-50.2	-8.5	53
Operating Cash Flow	94.8	36.1	43.6	23.3	75.2	105.2
Operating Cash Flow Growth	930.43%	-17.20%	87.12%	-69.02%	-28.52%	-
Capital Expenditures	-34.6	-34.7	-29.7	-29.5	-17.3	-11.3
Sale of Property, Plant & Equipment	24.8	-	-	-	7.3	-
Payments for Business Acquisitions	-226.4	-1.5	-722.9	-103.3	-	-
Proceeds from Business Divestments	48	48	-	-	-	-
Other Investing Activities	-35.5	-1.1	-5.9	-5.2	-6.5	10.8
Investing Cash Flow	-224.2	10.7	-758.5	-138	-16.5	-0.5
Short-Term Debt Issued	-222	-20	175	172	-9.5	-470
Net Short-Term Debt Issued (Repaid)	-222	-20	175	172	-9.5	-470
Long-Term Debt Issued	153	-	550	-	-	-
Long-Term Debt Repaid	-	-	-	-	-24.7	-
Net Long-Term Debt Issued (Repaid)	153	-	550	-	-24.7	-
Issuance of Common Stock	275.2	-3.5	19.6	17.7	16.8	0.6
Repurchase of Common Stock	-10.1	-10.1	-5.1	-50.1	-42.4	-
Net Common Stock Issued (Repurchased)	265.1	-13.6	14.5	-32.4	-25.6	0.6
Other Financing Activities	-133.8	-0.1	-10.3	-1.9	-	-0.1
Financing Cash Flow	128.6	-33.7	729.2	137.7	-59.8	-469.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-0.1	-0.2	0.3
Net Cash Flow	-0.8	13.1	14.3	22.9	-1.3	-364.5
Free Cash Flow	60.2	1.4	13.9	-6.2	57.9	93.9
Free Cash Flow Growth	4200.00%	-89.93%	-	-	-38.34%	-
FCF Margin	1.92%	0.05%	0.60%	-0.31%	3.18%	5.68%
Free Cash Flow Per Share	1.62	0.04	0.39	-0.18	1.61	2.66
Levered Free Cash Flow	151.4	10.1	738.1	179.7	64.1	-410.7
Unlevered Free Cash Flow	245.71	77.11	69.41	16.71	99.44	84.66

Updated Mar 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q