AAR Corp. (AIR)
NYSE: AIR · Real-Time Price · USD
100.43
-1.15 (-1.13%)
At close: Oct 9, 2026, 4:00 PM EDT
100.00
-0.43 (-0.43%)
After-hours: Oct 9, 2026, 7:48 PM EDT
AAR Corp. Cash Flow Statement
Financials in millions USD. Fiscal year is June - May.
Millions USD. Fiscal year is Jun - May.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Net Income | 193.4 | 187.7 | 12.5 | 46.3 | 90.2 | 78.7 |
Depreciation & Amortization | 77.1 | 72.1 | 55.2 | 40.2 | 27.2 | 33.1 |
Other Amortization | 3.3 | 3.2 | 2.6 | 1 | 0.7 | - |
Loss (Gain) From Sale of Assets | -8.8 | -9.8 | 68.9 | - | - | - |
Asset Writedown & Restructuring Costs | 1 | 1 | - | - | 1 | 2.9 |
Loss (Gain) on Equity Investments | -7 | -7.2 | -5.4 | 0.2 | 3.2 | 2.9 |
Stock-Based Compensation | 20.3 | 17.8 | 19.9 | 15.3 | 13.5 | 8.2 |
Provision & Write-off of Bad Debts | 2.1 | 2.1 | 0.2 | 0.7 | 2.6 | 1.2 |
Other Operating Activities | -32.7 | -32.7 | -5.5 | 6.2 | -2.6 | 9.9 |
Change in Accounts Receivable | -6.5 | 15.8 | -109.4 | -22.4 | -31.8 | -50.9 |
Change in Inventory | -58.3 | -69 | -109.3 | -90.4 | -23.6 | -10.4 |
Change in Accounts Payable | -17.8 | -49.9 | 70.5 | 59.4 | - | 29.4 |
Change in Unearned Revenue | - | - | - | - | - | 3.8 |
Change in Other Net Operating Assets | 33.3 | -32.4 | 35.9 | -12.7 | -56.6 | -19 |
Operating Cash Flow | 199.4 | 98.7 | 36.1 | 43.6 | 23.3 | 75.2 |
Operating Cash Flow Growth | 1934.69% | 173.41% | -17.20% | 87.12% | -69.02% | -28.52% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Capital Expenditures | -64.8 | -65.4 | -38.7 | -31.2 | -29.5 | -17.3 |
Sale of Property, Plant & Equipment | 25.1 | 25.1 | 4.7 | - | - | 7.3 |
Cash Acquisitions | -253.7 | -259.4 | -1.5 | -722.9 | -103.3 | - |
Divestitures | 0.6 | 0.6 | 48 | - | - | - |
Investment in Securities | -17.1 | -9.6 | -1.8 | -4.4 | -5.2 | -6.5 |
Other Investing Activities | -0.6 | - | - | - | - | - |
Investing Cash Flow | -310.5 | -308.7 | 10.7 | -758.5 | -138 | -16.5 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Short-Term Debt Issued | - | - | - | 175 | 172 | - |
Long-Term Debt Issued | - | 153 | - | 550 | - | - |
Total Debt Issued | - | 153 | - | 725 | 172 | - |
Short-Term Debt Repaid | - | -227 | -20 | - | - | -9.5 |
Long-Term Debt Repaid | - | - | - | - | - | -24.7 |
Total Debt Repaid | -145 | -227 | -20 | - | - | -34.2 |
Net Debt Issued (Repaid) | -145 | -74 | -20 | 725 | 172 | -34.2 |
Issuance of Common Stock | 285.1 | 285.1 | - | 19.6 | 17.7 | 16.8 |
Repurchase of Common Stock | - | - | -10.1 | -5.1 | -50.1 | -42.4 |
Other Financing Activities | -7.5 | -2.5 | -3.6 | -10.3 | -1.9 | - |
Financing Cash Flow | 132.6 | 208.6 | -33.7 | 729.2 | 137.7 | -59.8 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Foreign Exchange Rate Adjustments | - | - | - | - | -0.1 | -0.2 |
Net Cash Flow | 21.5 | -1.4 | 13.1 | 14.3 | 22.9 | -1.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Free Cash Flow | 134.6 | 33.3 | -2.6 | 12.4 | -6.2 | 57.9 |
Free Cash Flow Growth | - | - | - | - | - | -38.34% |
Free Cash Flow Margin | 3.86% | 1.01% | -0.09% | 0.53% | -0.31% | 3.18% |
Free Cash Flow Per Share | 3.42 | 0.87 | -0.07 | 0.35 | -0.18 | 1.61 |
Levered Free Cash Flow | 33.2 | -50.36 | 82.5 | -62.35 | 17.84 | 34.84 |
Unlevered Free Cash Flow | 73.59 | -8.5 | 127.03 | -36.35 | 24.76 | 36.34 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Cash Interest Paid | 67.6 | 71.7 | 74.4 | 31.9 | 11.1 | 2.1 |
Cash Income Tax Paid | 46.2 | 49.6 | 23.7 | 41.8 | 34.4 | 20.1 |
Change in Working Capital | -49.3 | -135.5 | -112.3 | -66.1 | -112 | -47.1 |