Aar corp. (AIR)
CashFlow / Yearly
May'19May'18May'17May'16May'15May'14May'13May'12May'11May'10May'09
Cash flows provided from (used in) operating activities:
Net income (loss)

7,500

15,600

56,500

47,700

10,400

73,200

55,500

68,000

69,800

43,202

56,772

Less: Loss from discontinued operations

-76,600

-58,100

4,500

2,200

84,300

6,000

-

-

-

-

-

Income from continuing operations

84,100

73,700

52,000

45,500

-73,900

67,200

-

-

-

-

-

Adjustments to reconcile income from continuing operations to net cash provided from (used in) operating activities:
Asset impairments and other charges

-

-

-

-

53,000

-

-

-

-

-

31,133

Depreciation and intangible amortization

42,800

40,500

35,700

33,200

58,000

64,700

79,700

72,000

59,300

38,930

40,094

Amortization of stock-based compensation

13,500

15,300

11,000

6,500

7,400

8,600

11,100

12,500

12,300

9,335

6,216

Provision for doubtful accounts

15,800

500

2,100

-

-

-

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

9,600

13,200

12,300

11,589

13,502

Amortization of overhaul costs

-

-

-

-

23,200

33,000

28,900

8,300

-

-

-

Deferred tax provision

-5,000

-12,900

12,500

5,500

-52,600

19,000

29,500

32,800

38,900

-3,863

5,533

Gain on sale of product line

-

-

2,600

-

-

-

-

-

5,900

-

-

Restructuring and impairment charges

-

-

-

-

-

-

-

3,700

5,300

-

-

Tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

817

171

Loss on extinguishment of debt

-

-

-

-

-44,900

-

-300

-700

100

893

14,701

Loss on sale of investment

-

-

-

-

-

-

-

-

-

-1,150

-1,393

Loss (Earnings) from joint ventures

-

-

-

-

-

-

6,800

1,500

3,300

112

8,496

Changes in certain assets and liabilities:
Accounts receivable

34,400

-35,400

16,800

2,200

6,500

-21,100

-6,000

-36,300

45,000

-33,926

26,388

Contract assets

9,700

-

-

-

-

-

-

-

-

-

-

Loss on disposal of business, net of tax

-

-

-

-

-

-

-

-

-

-

-1,403

Inventories

80,900

25,800

23,300

19,500

29,200

26,000

-16,100

47,600

13,000

-19,015

45,414

Rotable spares and equipment on or available for short-term lease

-21,500

16,600

3,100

-2,800

-6,600

-11,300

-10,400

-5,600

21,600

-19,157

-4,270

Rotable assets supporting long-term programs

49,200

38,500

82,500

10,200

-6,200

41,700

-800

-16,500

-3,300

-3,944

1,265

Accounts payable

17,500

1,800

19,600

13,800

3,000

26,000

-50,700

18,300

48,700

-1,474

2,651

Accrued and other liabilities

22,900

8,000

6,500

-31,100

46,400

4,800

11,800

-20,900

8,200

-376

-7,423

Other

-21,600

25,600

24,600

-1,700

100

21,700

39,300

123,700

60,600

19,557

-5,342

Net cash provided from (used in) operating activities - continuing operations

60,500

55,800

-13,500

46,000

86,400

166,300

-

-

-

153,156

-

Net cash provided from (used in) operating activities - discontinued operations

6,900

8,500

35,300

-13,900

-129,400

-26,500

-

-

-

-

-

Net cash provided from (used in) operating activities

67,400

64,300

21,800

32,100

-43,000

139,800

162,900

94,200

108,600

-

64,451

Cash flows used in investing activities:
Property, plant and equipment expenditures

17,400

22,000

25,200

40,100

42,100

20,800

37,600

91,200

124,900

28,855

27,535

Proceeds from aircraft joint ventures

-

-

-

-

-

-

15,400

1,600

8,300

44

4,230

Proceeds from asset disposals

1,800

8,600

6,500

100

46,800

2,000

11,800

4,100

-

109

67

Investment in aircraft joint ventures

-

-

-

-

-

-

-

-

-

4,239

828

Proceeds from sale of business

-

-

-

-

-

-

-

-

10,000

-

767

Proceeds from disposal of business

-

-

-

-

-

-

-

-

-

650

100

Proceeds from sale of available for sale securities

-

-

-

-

-

-

-

-

-

1,160

1,551

Payments for acquisitions

2,300

22,900

12,500

4,800

1,000

-

21,300

298,100

-

193,989

-

Proceeds from leveraged leases

-

-

-

-

-

-

-

-

-

5,220

-319

Other

600

2,300

2,700

-1,000

-3,500

1,100

1,100

6,600

12,100

2,440

2,260

Net cash used in investing activities - continuing operations

-18,500

-38,600

-33,900

-43,800

7,200

-19,900

-

-

-

-222,340

-

Net cash used in investing activities - discontinued operations

-500

-4,300

3,800

26,900

682,000

-21,000

-

-

-

-

-

Net cash used in investing activities

-19,000

-42,900

-30,100

-16,900

689,200

-40,900

-32,800

-390,200

-118,700

-

-24,227

Cash flows provided from (used in) financing activities:
Short-term borrowings, net

-10,000

-1,000

21,000

60,000

-80,000

10,000

-160,000

180,000

-

-

49,090

Proceeds from long-term borrowings

-

24,800

-

-

-

-

181,800

236,800

55,000

60,004

-

Repayments on long-term borrowings

25,000

-

10,000

70,600

394,800

88,900

114,300

83,500

58,500

25,221

78,400

Reduction in equity due to convertible bond repurchases

-

-

-

-

-

-

-

1,200

200

374

5,992

Reduction in capital lease obligations

-

-

-

-

-

-

-

-

-

1,815

1,635

Cash dividends

10,500

10,300

10,200

10,400

11,900

11,800

12,800

12,100

3,000

-

-

Premium paid on early retirement of debt

-

-

-

-

45,600

-

-

-

-

-

-

Purchase of treasury stock

10,300

13,100

19,800

18,800

151,500

1,000

14,600

3,700

2,500

-

-

Stock option exercises

8,500

11,600

8,500

1,800

-

-

1,100

3,000

2,000

2,297

599

Tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

817

171

Other

-

-300

100

-400

6,300

5,800

-4,900

-12,500

-4,600

-

-

Contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

462

-

Net cash provided from (used in) financing activities - continuing operations

-47,300

11,700

-10,400

-38,400

-677,500

-85,900

-

-

-

36,170

-

Net cash used in financing activities - discontinued operations

-1,400

-1,700

-1,700

-

-600

-

-

-

-

-

-

Net cash provided from (used in) financing activities

-48,700

10,000

-12,100

-38,400

-678,100

-85,900

-123,700

306,800

-11,800

-

-36,167

Effect of exchange rate changes on cash

-200

-100

-500

-300

-2,600

900

1,200

-500

-100

-121

-943

Increase in cash and cash equivalents

-500

31,300

-20,900

-23,500

-34,500

13,900

7,600

10,300

-22,000

-33,135

3,114