AAR Corp Q2 FY25 10-Q: Equity Details

TL;DR

**AAR Corp 10-Q dropped: Equity accounts updated for Q2 FY25. Check the numbers.**

AI Summary

AAR Corp filed its 10-Q for the period ending November 30, 2024, reporting on its second quarter of fiscal year 2025. The filing details changes in its equity accounts, including common stock, additional paid-in capital, retained earnings, and treasury stock, across various reporting periods within 2023 and 2024. Specific dollar amounts for these equity components are provided for November 30, 2024, August 31, 2024, and other prior dates.

Why It Matters

This filing provides investors with a detailed look at AAR Corp's financial structure and changes in shareholder equity, which can impact stock valuation and investor confidence.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report detailing financial statements and does not indicate any immediate or unusual risks.

Key Numbers

• $1.00 — Par Value (Par value of AAR Corp's common stock.)

Key Players & Entities

• AAR CORP (company) — Filer of the 10-Q
• November 30, 2024 (date) — End of the reporting period
• 20250108 (date) — Filing date
• 1100 N WOOD DALE RD (address) — Company's business and mailing address
• WOOD DALE, IL 60191 (address) — Company's business and mailing address

FAQ

Key Financial Figures

• $1.00 — nge on Which Registered Common Stock, $1.00 par value AIR New York Stock Exchan

Filing Documents

• air-20241130x10q.htm (10-Q) — 1827KB
• air-20241130xex4d1.htm (EX-4.1) — 20KB
• air-20241130xex10d1.htm (EX-10.1) — 13KB
• air-20241130xex10d2.htm (EX-10.2) — 34KB
• air-20241130xex31d1.htm (EX-31.1) — 14KB
• air-20241130xex31d2.htm (EX-31.2) — 15KB
• air-20241130xex32d1.htm (EX-32.1) — 6KB
• air-20241130xex32d2.htm (EX-32.2) — 7KB
• 0001410578-25-000003.txt ( ) — 8297KB
• air-20241130.xsd (EX-101.SCH) — 53KB
• air-20241130_cal.xml (EX-101.CAL) — 62KB
• air-20241130_def.xml (EX-101.DEF) — 247KB
• air-20241130_lab.xml (EX-101.LAB) — 492KB
• air-20241130_pre.xml (EX-101.PRE) — 329KB
• air-20241130x10q_htm.xml (XML) — 1616KB

— 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 (Loss) 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 28 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 38

— OTHER INFORMATION

Part II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 5. Other Information 39 Item 6. Ex hibits 40 Exhibit Index 40 Signature s 41 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 November 30, 2024 and May 31, 2024 (In millions, except share data) ASSETS November 30, May 31, 2024 2024 (Unaudited) Current assets: Cash and cash equivalents $ 61.7 $ 85.8 Restricted cash 20.8 10.3 Accounts receivable, less allowances of $ 11.5 and $ 14.1 , respectively 320.4 287.2 Contract assets 150.2 123.2 Inventories 790.0 733.1 Rotable assets and equipment on or available for short-term lease 65.5 81.5 Assets of discontinued operations 8.0 9.9 Prepaid expenses and other current assets 81.4 58.6 Total current assets 1,498.0 1,389.6 Property, plant, and equipment, net of accumulated depreciation of $ 289.8 and $ 280.0 , respectively 167.0 171.7 Other assets: Goodwill 543.2 554.8 Intangible assets, net of accumulated amortization of $ 21.4 and $ 13.3 , respectively 227.3 235.4 Rotable assets supporting long-term programs 174.0 166.3 Operating lease right-of-use assets, net 90.5 96.6 Other non-current assets 149.3 155.6 1,184.3 1,208.7 $ 2,849.3 $ 2,770.0 The accompanying Notes to Condensed Consolidated Financial 3 Table of Contents AAR CORP. and Subsidiaries Condensed Consolidated Balance Sheets As of November 30, 2024 and May 31, 2024 (In millions, except share data) LIABILITIES AND EQUITY November 30, May 31, 2024 2024 (Unaudited) Current liabilities: Accounts payable $ 291.8 $ 238.0 Accrued liabilities 258.8 219.3 Liabilities of discontinued operations 7.7 9.6 Total current liabilities 558.3 466.9 Long-term debt 986.7 985.4 Operating lease liabilities 78.0 80.3 Deferred tax liabilities 23.5 23.9 Other liabilities 21.2 23.7 1,109.4 1,113.3 Equity: Preferred stock, $ 1.00 par value, authorized 250,000 shares; none issued –– –– Comm

View Full Filing

View this 10-Q filing on SEC EDGAR