Aar corp. (AIR)
Income statement / Yearly
May'19May'18May'17May'16May'15May'14May'13May'12May'11May'10May'09
Sales

2,051

1,748

1,590

1,525

1,621

1,709

1,807

2,065

1,805

1,352

1,380

Cost and operating expenses:
Cost

1,722

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

15

0

2

-

-

-

-

-

-

-

-

Cost of sales - restructuring and impairment

-

-

-

-

-

-

-

3

5

-

-

Cost of sales - impairment charges

-

-

-

-

-

-

-

-

-

-

31

Selling, general and administrative

215

208

179

157

172

166

164

189

182

153

138

Total cost and operating expenses

1,953

1,662

1,508

1,449

1,663

1,586

1,712

1,935

1,680

1,261

1,282

Loss from joint ventures

-

-

-

-

0

3

6

1

3

0

8

Gain on sale of product line

-

-

-

-

-

-

-

-

5

-

-

Operating income

98

86

82

75

-41

125

102

130

133

90

106

Other expense, net

0

0

-

0

-44

-

-0

-0

0

0

14

Interest expense

9

8

5

6

27

28

29

37

30

26

31

Interest income

1

0

0

0

0

1

1

1

0

0

1

Loss on sale of investments

-

-

-

-

-

-

-

-

-

-1

-1

Income from continuing operations before provision for income taxes

89

77

77

68

-113

98

74

93

103

64

89

Provision for income taxes (benefit)

4

3

25

23

-39

31

25

25

33

20

28

Income from continuing operations

84

73

52

45

-73

67

48

-

-

-

61

Operating loss

-

-

-

-

-

6

8

-

-

-

-2

Provision for income taxes (benefit)

-

-

-

-

-

0

1

-

-

-

-

Loss on disposal

-

-

-

-

-

-

-

-

-

-

-1

Loss from discontinued operations

-76

-58

4

2

84

6

6

-

-

-

-4

Income attributable to noncontrolling interest from discontinued operations

-

-

-

-

-

0

0

-

-

-

-

Income from discontinued operations attributable to AAR

-

-

-

-

-

5

6

-

-

-

-

Net income attributable to AAR and noncontrolling interest

-

-

-

-

-

-

-

68

69

43

56

Income attributable to noncontrolling interest

-

-

-

-

-

-

-

0

-

-1

-

Net income (loss)

7

15

56

47

10

72

55

67

69

44

56

Earnings (Loss) per share - basic:
Earnings from continuing operations

2.42

2.14

1.53

1.30

-1.90

1.70

1.23

-

-

-

1.61

Loss from discontinued operations

-2.22

-1.70

0.13

0.07

2.16

0.15

0.15

-

-

-

-

Income (Loss) from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-0.12

Earnings (Loss) per share - basic

0.20

0.44

1.66

1.37

0.26

1.85

1.38

1.68

1.76

1.17

1.49

Earnings (Loss) per share - diluted
Earnings from continuing operations

2.40

2.11

1.51

1.30

-1.90

1.68

1.23

-

-

-

1.56

Loss from discontinued operations

-2.19

-1.70

0.13

0.07

2.14

0.15

0.15

-

-

-

-

Income (loss) from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-0.11

Earnings (Loss) per share - diluted

0.21

0.41

1.64

1.37

0.24

1.83

1.38

1.65

1.73

1.16

1.45

Cash dividends declared per common share

0.30

0.30

0.30

-

-

-

-

-

-

-

-

Products
Sales

1,124

1,040

944

930

916

901

900

1,384

1,250

1,067

1,125

Cost

915

840

787

785

891

794

840

1,208

1,067

922

912

Services
Sales

927

707

646

595

704

807

907

680

555

284

254

Cost

807

613

539

507

599

626

707

534

425

186

199