For the quarter ending 2026-02-28, AIR had $3,900K increase in cash & cash equivalents over the period. $66,200K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 |
|---|---|---|---|
| Net income (loss) | 68,000 | 34,600 | 34,400 |
| Depreciation and amortization | 20,200 | 17,100 | 13,800 |
| Amortization of financing costs | 800 | 900 | 700 |
| Stock-based compensation expense | 3,700 | 4,300 | 5,300 |
| Bargain purchase gain | 35,700 | - | - |
| Gain on sale of building | 9,800 | - | - |
| Earnings from joint ventures | 1,400 | -100 | 3,000 |
| Provision for (recovery of) credit losses | 500 | 1,100 | 600 |
| Gain on sale of business | 0 | 0 | 1,000 |
| Accounts receivable | 24,500 | 2,100 | 8,500 |
| Contract assets | -10,500 | -10,100 | 6,400 |
| Inventories | 47,200 | -33,500 | 51,800 |
| Prepaid expenses and other current assets | 1,000 | 21,000 | -3,500 |
| Rotable assets supporting long-term programs | -19,000 | 41,100 | 3,500 |
| Accounts payable | -17,900 | -9,600 | 10,000 |
| Accrued and other liabilities | 71,600 | -2,300 | -26,700 |
| Other | -17,900 | 12,000 | 12,300 |
| Net cash provided by (used in) operating activities | 74,700 | 13,600 | -44,900 |
| Property, plant, and equipment expenditures | 8,500 | 7,400 | 8,700 |
| Acquisitions, net of cash acquired | 400 | 209,700 | 11,900 |
| Proceeds from sale of building | 24,800 | - | - |
| Hangar expansion activity, net | 24,500 | - | - |
| Other | 6,100 | -3,800 | 3,200 |
| Net cash used in investing activities | -14,700 | -213,300 | -23,800 |
| Proceeds from equity offering, net | 0 | 273,900 | - |
| Proceeds from long - term borrowings, net | 0 | 0 | 153,000 |
| Short-term borrowings (repayments), net | -65,000 | -70,000 | -97,000 |
| Financing costs | 0 | 0 | 2,500 |
| Stock compensation activity | 8,900 | 400 | -2,400 |
| Net cash provided by financing activities | -56,100 | 204,300 | 51,100 |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 3,900 | 4,600 | -17,600 |
| Cash, cash equivalents, and restricted cash at beginning of period | 96,200 | 91,600 | 109,200 |
| Cash, cash equivalents, and restricted cash at end of period | 100,100 | 96,200 | 91,600 |
AAR CORP (AIR)
AAR CORP (AIR)