AAR Corp Files Q1 2025 10-Q, Details Financials
Ticker: AIR · Form: 10-Q · Filed: Sep 24, 2024 · CIK: 1750
| Field | Detail |
|---|---|
| Company | Aar CORP (AIR) |
| Form Type | 10-Q |
| Filed Date | Sep 24, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
AAR Corp's Q1 2025 10-Q is in, showing equity changes vs last year. All good.
AI Summary
AAR Corp filed its 10-Q for the period ending August 31, 2024. The filing details the company's financial position, including common stock, additional paid-in capital, and retained earnings as of August 31, 2024, and May 31, 2024. It also provides comparative data for August 31, 2023.
Why It Matters
This filing provides investors with a snapshot of AAR Corp's financial health and changes in its equity accounts, crucial for understanding the company's performance and stability.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Numbers
- 7,500,000 — Common Stock Shares (Par value of $1.00 per share, as of the reporting period.)
Key Players & Entities
- AAR CORP (company) — Filer
- 20240831 (date) — Reporting Period End Date
- 20240924 (date) — Filing Date
- 1100 N WOOD DALE RD (address) — Company Business Address
- WOOD DALE (city) — Company Business City
- IL (state) — Company Business State
- 60191 (zip_code) — Company Business Zip Code
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is August 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on September 24, 2024.
What is AAR Corp's fiscal year end?
AAR Corp's fiscal year ends on May 31.
What is the par value of AAR Corp's common stock?
The par value of AAR Corp's common stock is $1.00.
What are the main equity accounts detailed in the filing?
The filing details Treasury Stock Common, Additional Paid-In Capital, Retained Earnings, Common Stock, and Accumulated Other Comprehensive Income.
Filing Stats: 4,481 words · 18 min read · ~15 pages · Grade level 9.4 · Accepted 2024-09-23 17:45:08
Key Financial Figures
- $1.00 — nge on Which Registered Common Stock, $1.00 par value AIR New York Stock Exchan
Filing Documents
- air-20240831x10q.htm (10-Q) — 1313KB
- air-20240831xex10d1.htm (EX-10.1) — 33KB
- air-20240831xex10d2.htm (EX-10.2) — 31KB
- air-20240831xex10d3.htm (EX-10.3) — 30KB
- air-20240831xex10d4.htm (EX-10.4) — 32KB
- air-20240831xex31d1.htm (EX-31.1) — 16KB
- air-20240831xex31d2.htm (EX-31.2) — 16KB
- air-20240831xex32d1.htm (EX-32.1) — 8KB
- air-20240831xex32d2.htm (EX-32.2) — 8KB
- 0001410578-24-001617.txt ( ) — 6837KB
- air-20240831.xsd (EX-101.SCH) — 50KB
- air-20240831_cal.xml (EX-101.CAL) — 63KB
- air-20240831_def.xml (EX-101.DEF) — 236KB
- air-20240831_lab.xml (EX-101.LAB) — 477KB
- air-20240831_pre.xml (EX-101.PRE) — 318KB
- air-20240831x10q_htm.xml (XML) — 1098KB
— FINANCIAL INFORMATION
Part I — FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 5 Condensed Consolidated Statements of Comprehensive Income 6 Condensed Consolidated Statements of Cash Flows 7 Condensed Consolidated Statements of Changes in Equity 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.
Controls and Procedures
Controls and Procedures 33
— OTHER INFORMATION
Part II — OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 34 Item 1A.
Risk Factors
Risk Factors 34 Item 5. Other Information 34 Item 6. Ex hibits 35 Exhibit Index 35 Signature s 36 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
– Financial Statements
Item 1 – Financial Statements AAR CORP. and Subsidiaries Condensed Consolidated Balance Sheets As of August 31, 2024 and May 31, 2024 (In millions, except share data) ASSETS August 31, May 31, 2024 2024 (Unaudited) Current assets: Cash and cash equivalents $ 49.3 $ 85.8 Restricted cash 13.8 10.3 Accounts receivable, less allowances of $ 14.3 and $ 14.1 , respectively 310.9 287.2 Contract assets 147.9 123.2 Inventories 748.2 733.1 Rotable assets and equipment on or available for short-term lease 70.4 81.5 Assets of discontinued operations 9.0 9.9 Prepaid expenses and other current assets 77.4 58.6 Total current assets 1,426.9 1,389.6 Property, plant, and equipment, net of accumulated depreciation of $ 285.9 and $ 280.0 , respectively 161.5 171.7 Other assets: Goodwill 552.6 554.8 Intangible assets, net of accumulated amortization of $ 17.4 and $ 13.3 , respectively 231.3 235.4 Rotable assets supporting long-term programs 170.8 166.3 Operating lease right-of-use assets, net 93.4 96.6 Other non-current assets 146.8 155.6 1,194.9 1,208.7 $ 2,783.3 $ 2,770.0 The accompanying Notes to Condensed Consolidated Financial 3 Table of Contents AAR CORP. and Subsidiaries Condensed Consolidated Balance Sheets As of August 31, 2024 and May 31, 2024 (In millions, except share data) LIABILITIES AND EQUITY August 31, May 31, 2024 2024 (Unaudited) Current liabilities: Accounts payable $ 257.5 $ 238.0 Accrued liabilities 200.8 219.3 Liabilities of discontinued operations 8.6 9.6 Total current liabilities 466.9 466.9 Long-term debt 981.0 985.4 Operating lease liabilities 78.9 80.3 Deferred tax liabilities 24.0 23.9 Other liabilities 22.3 23.7 1,106.2 1,113.3 Equity: Preferred stock, $ 1.00 par value, authorized 250,000 shares; none issued –– –– Common stock