Aar corp. (AIR)
CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Aug'09
Cash flows provided from (used in) operating activities:
Net income (loss)

43,700

4,000

-3,200

7,500

-3,300

49,700

20,100

15,600

24,800

22,900

57,600

56,500

47,300

38,400

34,300

47,700

0

0

18,800

10,400

12,500

64,900

69,700

73,200

56,800

57,300

55,200

55,500

67,700

70,000

69,700

68,000

76,394

73,512

72,726

69,800

59,472

51,339

47,718

43,202

0

0

0

Less: Loss from discontinued operations

-22,700

-87,200

-85,500

-76,600

-78,900

-29,900

-61,500

-58,100

-47,100

-31,300

4,500

4,500

-7,400

-12,500

-13,700

2,200

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

66,400

91,200

82,300

84,100

75,600

79,600

81,600

73,700

71,900

54,200

53,100

52,000

54,700

50,900

48,000

45,500

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile income from continuing operations to net cash provided from (used in) operating activities:
Depreciation and intangible amortization

44,300

44,100

43,500

42,800

40,400

40,200

40,400

40,500

40,900

32,200

33,500

35,700

21,600

31,800

32,400

33,200

0

0

58,000

58,000

46,900

60,400

58,600

64,700

78,500

78,300

78,700

79,700

80,800

79,900

76,500

72,000

67,737

63,196

60,733

59,300

55,484

50,256

44,600

38,930

0

0

0

Amortization of stock-based compensation

15,000

15,400

13,800

13,500

15,400

15,200

16,700

15,300

12,100

11,400

11,100

11,000

7,900

7,500

7,000

6,500

0

0

7,400

7,400

8,800

8,700

9,000

8,600

9,400

10,300

9,800

11,100

10,600

11,200

12,800

12,500

12,733

12,572

12,277

12,300

0

0

0

-

-

-

-

Provision for doubtful accounts

5,400

4,200

15,900

15,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

6,100

6,900

8,200

9,600

11,400

12,400

12,900

13,200

13,050

12,749

12,489

12,300

12,040

11,885

11,733

11,589

0

0

0

Amortization of overhaul costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,600

-

0

0

21,700

23,200

21,600

25,700

30,500

33,000

34,400

33,700

31,700

28,900

24,000

18,800

13,300

8,300

0

0

0

-

-

-

-

-

-

-

-

Deferred tax provision

6,700

-5,500

-5,500

-5,000

1,000

10,600

-11,200

-12,900

-9,900

-7,900

13,600

12,500

-3,700

5,800

8,600

5,500

0

0

-57,800

-52,600

7,200

18,500

16,100

19,000

11,200

28,900

28,000

29,500

40,300

36,900

35,600

32,800

42,060

41,945

40,348

38,900

14,037

4,358

3,098

-3,863

0

0

0

Gain on asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

740

609

629

817

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

100

77

77

77

893

0

0

0

Loss (Earnings) from joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,600

6,200

6,600

6,800

6,700

3,600

2,700

1,500

1,287

1,243

3,472

3,300

2,575

2,575

57

112

0

0

0

Changes in certain assets and liabilities:
Accounts receivable

-4,300

-6,700

13,700

34,400

72,700

2,800

-28,000

-35,400

-44,700

1,000

40,400

16,800

4,900

9,400

-47,500

2,200

0

0

27,100

6,500

-6,000

-400

10,300

-21,100

5,600

34,000

2,700

-6,000

-27,700

-55,000

-66,000

-36,300

-21,242

30,309

51,141

45,000

44,375

10,436

-6,598

-33,926

0

0

0

Contract assets

9,900

-900

13,300

9,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

107,100

85,600

86,400

80,900

60,900

55,800

57,000

25,800

44,400

39,400

19,600

23,300

-3,400

900

-5,600

19,500

0

0

44,600

29,200

47,300

69,500

17,400

26,000

-600

-32,400

-5,100

-16,100

12,100

8,200

15,100

47,600

55,019

56,249

41,318

13,000

11,565

4,903

-7,487

-19,015

0

0

0

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

800

-11,000

-18,000

-21,500

500

9,700

8,600

16,600

-7,700

8,500

4,100

3,100

-2,800

-12,800

-2,800

-2,800

0

0

-5,700

-6,600

-700

-1,600

-4,900

-11,300

-11,400

-12,600

-18,500

-10,400

-800

-10,300

-12,400

-5,600

195

10,274

14,624

21,600

8,777

7,182

3,914

-19,157

0

0

0

Rotable assets supporting long-term programs

34,700

41,600

55,100

49,200

41,000

36,800

34,600

38,500

42,500

63,000

77,000

82,500

78,200

53,000

23,300

10,200

0

0

-9,100

-6,200

52,900

53,600

46,900

41,700

10,100

2,000

2,400

-800

200

6,300

1,700

-16,500

-18,737

-27,529

-20,724

-3,300

-1,045

-2,592

-3,613

-3,944

0

0

0

Accounts payable

76,900

24,600

32,200

17,500

41,000

21,300

12,400

1,800

-10,100

18,800

27,500

19,600

32,200

19,900

-3,200

13,800

0

0

-19,600

3,000

42,900

69,700

58,600

26,000

-17,000

-27,700

-26,500

-50,700

-15,200

-31,500

-12,300

18,300

15,048

54,786

38,479

48,700

48,367

31,935

20,116

-1,474

0

0

0

Accrued and other liabilities

10,500

34,700

37,700

22,900

22,800

-15,300

2,100

8,000

4,800

-7,200

-16,400

6,500

-8,500

-10,700

-12,000

-31,100

0

0

34,700

46,400

29,500

10,600

20,600

4,800

-17,600

-6,000

-13,800

11,800

5,500

-10,900

-19,200

-20,900

1,105

5,067

10,197

8,200

7,406

11,208

6,776

-376

0

0

0

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other

7,300

8,600

6,100

-21,600

25,000

-3,100

18,000

25,600

37,800

29,400

22,800

24,600

-12,600

-6,800

1,800

-1,700

0

0

700

100

6,100

13,200

28,900

21,700

8,100

18,700

26,100

39,300

75,200

88,700

100,600

123,700

149,150

111,305

81,134

60,600

23,137

25,268

33,831

19,557

0

0

0

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

43,600

91,500

63,300

60,500

56,600

49,400

53,800

55,800

39,900

-48,000

-43,900

-13,500

21,000

59,600

109,900

46,000

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

-9,600

-6,500

-1,300

6,900

-700

-10,700

4,100

8,500

26,000

61,100

46,200

35,300

13,800

-12,800

-15,200

-13,900

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided from (used in) operating activities

34,000

85,000

62,000

67,400

55,900

38,700

57,900

64,300

65,900

13,100

2,300

21,800

34,800

46,800

94,700

32,100

0

0

-121,700

-43,000

72,100

104,500

127,300

139,800

151,800

168,900

157,200

162,900

0

0

0

-

-

-

-

108,600

0

0

0

-

0

0

0

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

23,400

19,600

17,700

17,400

15,900

16,400

20,500

22,000

23,500

19,900

21,500

25,200

-14,400

28,200

34,500

40,100

0

0

49,300

42,100

19,500

23,600

21,400

20,800

34,900

32,800

33,800

37,600

52,400

55,100

60,400

91,200

105,246

120,170

129,654

124,900

90,460

73,785

56,958

28,855

0

0

0

Proceeds from aircraft joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,300

5,049

4,701

605

44

0

0

0

Proceeds from asset disposals

-

-

-

-

-

-

-

-

-

-

-

6,500

-500

11,600

-3,400

100

0

0

0

-

-

-

-

-

-

-

-

11,800

0

0

0

-

-

-

-

-

46

76

94

109

0

0

0

Investment in aircraft joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,836

4,605

4,974

4,239

0

0

0

Payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

21,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from leveraged leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,220

0

0

0

Other

3,600

3,400

-900

600

2,700

1,700

4,000

2,300

0

0

0

-

-

-

-

-

-

-

-

-3,500

1,000

2,000

1,100

1,100

1,000

1,000

800

1,100

1,300

7,700

6,500

6,600

16,659

10,319

11,412

12,100

2,306

2,519

2,644

2,440

0

0

0

Net cash used in investing activities - continuing operations

-25,200

-21,200

-17,300

-18,500

-19,600

-19,100

-38,800

-38,600

0

0

0

-

-

-

-

-43,800

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in investing activities - discontinued operations

-

-

-

-500

-100

-400

-2,200

-4,300

0

0

0

-

-

-

-

26,900

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-25,200

-21,300

-17,500

-19,000

-19,700

-19,500

-41,000

-42,900

-54,300

-59,200

-30,400

-30,100

-23,700

-43,800

-44,800

-16,900

0

0

720,600

689,200

-28,300

-44,700

-43,700

-40,900

-55,400

-21,500

-23,200

-32,800

0

0

0

-

-

-

-

-118,700

0

0

0

-

0

0

0

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

30,000

-22,000

-7,000

-10,000

8,000

29,000

22,000

-1,000

3,000

39,000

48,000

21,000

9,000

24,000

12,000

60,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Proceeds from long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181,800

-141,000

193,600

206,800

236,800

0

0

0

-

-

-

-

-

-

-

-

Repayments on long-term borrowings

-

-

-

25,000

0

0

0

-

-

-

-

10,000

35,700

35,700

45,300

70,600

0

0

417,800

394,800

117,700

118,000

88,500

88,900

23,000

85,400

94,400

114,300

173,500

113,300

108,000

83,500

64,334

57,518

54,154

58,500

-31,517

-13,778

13,899

25,221

0

0

0

Reduction in equity due to convertible bond repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

200

356

356

356

374

0

0

0

Reduction in capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

1,767

1,739

1,711

1,815

0

0

0

Cash dividends

10,700

10,700

10,700

10,500

10,500

10,400

10,400

10,300

10,200

10,200

10,200

10,200

10,300

10,400

10,400

10,400

0

0

11,500

11,900

11,800

12,300

11,800

11,800

11,800

11,700

12,800

12,800

12,900

13,100

12,100

12,100

0

0

0

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

13,100

16,300

10,200

10,200

19,800

18,000

23,500

26,500

18,800

0

0

0

-

-

-

-

-

-

-

-

14,600

8,400

8,500

8,800

3,700

3,661

3,661

961

2,500

0

0

0

-

-

-

-

Stock compensation activity

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock option exercises

-

-

-

-

-

-

-

11,600

13,200

13,700

14,400

8,500

0

0

0

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

3,000

3,515

4,553

4,853

2,000

2,068

2,179

2,021

2,297

0

0

0

Tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

740

609

629

817

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

100

-400

-700

-2,100

-400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

462

0

0

0

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

5,700

-51,100

-30,300

-47,300

-18,400

-3,700

14,800

11,700

0

0

0

-

-

-

-

-38,400

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in financing activities - discontinued operations

-

-

-

-1,400

-1,800

-1,600

-1,800

-1,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided from (used in) financing activities

5,700

-51,800

-31,200

-48,700

-20,200

-5,300

13,000

10,000

12,900

50,200

35,400

-12,100

0

0

0

-

-

-

-

-678,100

-87,200

-64,200

-92,800

-85,900

-30,200

-118,700

-111,400

-123,700

0

0

0

-

-

-

-

-11,800

0

0

0

-

0

0

0

Effect of exchange rate changes on cash

-

-

-

-200

0

0

0

-

-

-

-

-500

-400

-700

-800

-300

0

0

-1,800

-2,600

-4,300

-1,500

100

900

1,100

600

600

1,200

-100

300

300

-500

776

398

-213

-100

-6

41

-149

-121

0

0

0

Increase in cash and cash equivalents

14,500

12,000

13,200

-500

15,800

13,600

29,700

31,300

24,500

4,100

7,200

-20,900

-40,300

-39,800

-20,800

-23,500

0

0

-53,100

-34,500

-47,700

-5,900

-9,100

13,900

0

0

0

-

-

-

-

10,300

4,554

-21,450

-16,685

-22,000

-62,810

-56,383

-70,685

-33,135

0

0

0