AAR Corp. (AIR) quarterly cash flow statement — complete operating, investing & financing history
AAR Corp. (AIR) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Cash from Operations | 55.8M | 57.8M | 74.7M | 13.6M | -44.9M | 51.4M | -18.7M | 22M | -18.6M | 24.5M | 19.6M | 17.4M | -18.7M | 45.2M | 17.4M | -46.1M | 6.8M | 40.1M | 15.9M | 16.3M |
| Operating CF Margin % | 6.08% | 6.23% | 8.84% | 1.71% | -6.07% | 6.81% | -2.76% | 3.21% | -2.81% | 3.73% | 3.45% | 3.19% | -3.4% | 8.17% | 3.34% | -9.81% | 1.52% | 8.42% | 3.52% | 3.73% |
| Operating CF Growth % | 224.28% | 12.45% | 499.47% | -38.18% | -141.4% | 109.8% | -195.41% | 26.44% | 0.53% | -45.8% | 12.64% | 137.74% | -375% | 12.72% | 9.43% | -382.82% | 134.48% | 77.43% | -7.02% | -38.72% |
| Net Income | 40.1M | 50.7M | 68M | 34.6M | 34.4M | 34M | -8.9M | -30.6M | 18M | 9.1M | 13.8M | 23.8M | -600K | 23.2M | 21.8M | 22.5M | 22.3M | 23.9M | 22.6M | 20.8M |
| Depreciation & Amortization | 19.6M | 21.8M | 19.3M | 18M | 13.8M | 13.7M | 12.7M | 14.6M | 14.2M | 15.3M | 8.8M | 8.7M | 8.4M | 7.7M | 6.9M | 6.5M | 6.8M | 7.6M | 7.7M | 8.9M |
| Stock-Based Compensation | 7.8M | 0 | 3.7M | 4.3M | 5.3M | 4.3M | 5.6M | 5M | 5M | 3.8M | 3.6M | 3.6M | 4.3M | 3.1M | 3.5M | 2.8M | 4.1M | 2.4M | 1.1M | 1.6M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -4.9M | -100K | -500K | 0 | -15.7M | -200K | 0 | -4.6M | -2.2M | -5.8M | 0 | 0 | 10.2M | -1.4M | -300K |
| Other Non-Cash Items | 0 | 15.3M | -41.6M | 3.4M | -2.7M | 6.3M | 64.3M | -2.2M | -2.1M | -100K | -300K | -600K | 27.8M | 3.9M | 8.1M | 500K | 400K | -8.9M | 900K | 3.5M |
| Working Capital Changes | -11.7M | -30M | 25.3M | -46.7M | -95.7M | -2M | -92.3M | 35.7M | -53.7M | 12.1M | -6.1M | -18.1M | -54M | 9.5M | -17.1M | -78.4M | -26.8M | 4.9M | -15M | -18.2M |
| Change in Receivables | -37.2M | 36.7M | -14M | 8M | -14.9M | -29.4M | -19.5M | -12.3M | -23.7M | -5.6M | 1.9M | 34.2M | -40.5M | 8.3M | -14.4M | -4.3M | -7.7M | -4.9M | -17.9M | -11.7M |
| Change in Inventory | -41.1M | -3.5M | -47.2M | 33.5M | -51.8M | -32.7M | -19.2M | -42.6M | -14.8M | 6.9M | -25.8M | -31.7M | -39.8M | -3.4M | 24.6M | -18.8M | -26M | -15M | -3.4M | -6.4M |
| Change in Payables | 40.8M | -10.8M | 24.7M | -38.6M | 10M | 18.8M | -2.5M | 34.8M | 19.4M | -14.3M | 20.9M | -11.4M | 64.2M | -2.8M | 2.8M | -38.4M | 38.4M | 15.3M | 16.4M | -19.6M |
| Cash from Investing | -25.6M | -56.9M | -14.7M | -213.3M | -23.8M | 27.6M | -3.7M | -7.9M | -5.3M | -731.7M | -6.5M | -8.7M | -11.6M | -110.7M | -9M | -7.6M | -10.7M | -9.6M | -4.2M | 2.2M |
| Capital Expenditures | 0 | -12M | -33M | -7.4M | -8.7M | -10M | -8.5M | 7.9M | -7.9M | -7.5M | -5.8M | -7.3M | -9.1M | -7M | -9.7M | -6.1M | -6.7M | -7.1M | -4.2M | -3.8M |
| CapEx % of Revenue | 1.29% | 1.29% | 3.9% | 0.93% | 1.18% | 1.33% | 1.25% | 1.15% | 1.19% | 1.14% | 1.02% | 1.34% | 1.66% | 1.27% | 1.86% | 1.3% | 1.5% | 1.49% | 0.93% | 0.87% |
| Acquisitions | -6.2M | -36.5M | -400K | -209.7M | -11.9M | 42.5M | 0 | -2.9M | 2.9M | -722.9M | 0 | 0 | 0 | -103.3M | 700K | -103.3M | 0 | 0 | 0 | 7.3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -19.4M | -8.4M | 18.7M | 3.8M | -3.2M | -4.9M | 4.8M | -12.9M | -300K | -1.3M | -700K | -1.4M | -2.5M | -400K | 700K | 101.8M | -4M | -6.5M | 0 | 2.7M |
| Cash from Financing | -24.9M | 6.8M | -56.1M | 204.3M | 51.1M | -70.7M | 40.8M | 5.3M | -9.1M | 719.7M | -5M | -23.4M | 38.7M | 93.2M | -5.5M | 56.5M | -6.5M | -14.5M | -15.2M | -24.6M |
| Debt Issued (Net) | -15M | 5M | -65M | -70M | 56M | -35M | 35M | 5M | -5M | 709.7M | 0 | -30M | 35M | 84M | -10M | 83M | 15M | -4.5M | 0 | -24.7M |
| Equity Issued (Net) | 0 | 0 | 8.9M | 273.9M | 0 | -10.1M | 0 | 0 | 0 | 19.6M | -5.1M | 0 | 0 | 0 | 0 | -28.2M | -21.9M | -22.2M | -20.2M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -10.1M | 0 | 0 | 0 | 0 | -5.1M | 0 | 0 | 0 | 0 | -28.2M | -21.9M | -22.2M | -20.2M | 0 |
| Other Financing | -9.9M | 1.8M | 0 | 400K | -4.9M | -25.6M | 5.8M | 300K | -4.1M | -10.4M | 100K | 6.6M | 3.7M | 9.2M | 4.5M | 1.7M | 400K | 12.2M | 5M | 100K |
| Net Change in Cash | 5.3M | 7.7M | 3.9M | 4.6M | -17.6M | 8.3M | 18.4M | 19.4M | -33M | 12.5M | 8.1M | -14.7M | 8.4M | 27.7M | 2.9M | 2.8M | -10.5M | 15.9M | -3.4M | -6.2M |
| Free Cash Flow | 44M | 57.8M | 41.7M | 6.2M | -53.6M | 41.4M | -27.2M | 29.9M | -26.5M | 17M | 13.8M | 10.1M | -27.8M | 38.2M | 7.7M | -52.2M | 100K | 33M | 11.7M | 12.5M |
| FCF Margin % | 4.79% | 6.23% | 4.93% | 0.78% | -7.25% | 5.49% | -4.01% | 4.36% | -4% | 2.59% | 2.43% | 1.85% | -5.06% | 6.9% | 1.48% | -11.11% | 0.02% | 6.93% | 2.59% | 2.86% |
| FCF Growth % | 182.09% | 39.61% | 253.31% | -79.26% | -102.26% | 143.53% | -297.1% | 196.04% | 4.68% | -55.5% | 79.22% | 119.35% | -27900% | 15.76% | -34.19% | -517.6% | -85.71% | 65.83% | -19.31% | -47.7% |
| FCF per Share | 1.10 | 1.46 | 1.10 | 0.17 | -1.49 | 1.16 | -0.77 | 0.85 | -0.74 | 0.48 | 0.39 | 0.29 | -0.80 | 1.09 | 0.22 | -1.50 | 0.00 | 0.92 | 0.33 | 0.35 |
| FCF Conversion (FCF/Net Income) | 1.39x | 1.14x | 1.10x | 0.39x | -1.31x | 1.51x | 2.10x | -0.72x | -1.03x | 2.69x | 1.40x | 0.73x | 31.17x | 1.95x | 0.80x | -2.05x | 0.30x | 1.68x | 0.71x | 0.78x |
| Interest Paid | 0 | 0 | 0 | 0 | 8.5M | 26.9M | 8.9M | 29.6M | 9M | 0 | 5.7M | 6.2M | 5.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 5.6M | -21.9M | 8.2M | 8.5M | 5.2M | 0 | 8.8M | 18.1M | 6.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |