AIR: Aar Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Aar Corp (AIR).
$2.51B Market Cap.
AIR Market Cap. (MRY)
AIR Shares Outstanding (MRY)
AIR Assets (MRY)
Total Assets
$2.77B
Total Liabilities
$1.58B
Total Investments
$0
AIR Income (MRY)
Revenue
$2.32B
Net Income
$46.30M
Operating Expense
$338.90M
AIR Cash Flow (MRY)
CF Operations
$43.60M
CF Investing
-$758.50M
CF Financing
$729.20M
AIR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,770,000,000 (51.11%) | $1,833,100,000 (16.47%) | $1,573,900,000 (2.22%) | $1,539,700,000 (-25.94%) |
Assets Current | $1,389,600,000 (26.57%) | $1,097,900,000 (9.01%) | $1,007,200,000 (7.49%) | $937,000,000 (-34.87%) |
Assets Non-Current | $1,380,400,000 (87.76%) | $735,200,000 (29.73%) | $566,700,000 (-5.97%) | $602,700,000 (-5.87%) |
Goodwill & Intangible Assets | $790,200,000 (229.94%) | $239,500,000 (100.08%) | $119,700,000 (-3.31%) | $123,800,000 (1.73%) |
Shareholders Equity | $1,189,800,000 (8.25%) | $1,099,100,000 (6.24%) | $1,034,500,000 (6.17%) | $974,400,000 (7.95%) |
Property Plant & Equipment Net | $434,600,000 (18.13%) | $367,900,000 (5.36%) | $349,200,000 (-8.13%) | $380,100,000 (-13.04%) |
Cash & Equivalents | $96,100,000 (17.48%) | $81,800,000 (38.88%) | $58,900,000 (-2.16%) | $60,200,000 (-85.83%) |
Accumulated Other Comprehensive Income | -$8,800,000 (62.55%) | -$23,500,000 (-19.90%) | -$19,600,000 (-7.10%) | -$18,300,000 (58.97%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $733,100,000 (27.70%) | $574,100,000 (4.29%) | $550,500,000 (1.83%) | $540,600,000 (-13.24%) |
Trade & Non-Trade Receivables | $287,200,000 (19.02%) | $241,300,000 (12.76%) | $214,000,000 (28.37%) | $166,700,000 (-3.03%) |
Trade & Non-Trade Payables | $238,000,000 (50.16%) | $158,500,000 (1.34%) | $156,400,000 (22.96%) | $127,200,000 (-33.61%) |
Accumulated Retained Earnings (Deficit) | $956,900,000 (5.08%) | $910,600,000 (10.99%) | $820,400,000 (10.61%) | $741,700,000 (5.06%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $23,900,000 (-28.87%) | $33,600,000 (68.00%) | $20,000,000 (110.53%) | $9,500,000 (0%) |
Total Debt | $1,065,700,000 (235.23%) | $317,900,000 (103.39%) | $156,300,000 (-19.27%) | $193,600,000 (-71.14%) |
Debt Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Debt Non-Current | $1,065,700,000 (235.23%) | $317,900,000 (103.39%) | $156,300,000 (-19.27%) | $193,600,000 (-71.14%) |
Total Liabilities | $1,580,200,000 (115.29%) | $734,000,000 (36.08%) | $539,400,000 (-4.58%) | $565,300,000 (-51.95%) |
Liabilities Current | $466,900,000 (32.83%) | $351,500,000 (0.95%) | $348,200,000 (3.38%) | $336,800,000 (-12.09%) |
Liabilities Non-Current | $1,113,300,000 (191.06%) | $382,500,000 (100.05%) | $191,200,000 (-16.32%) | $228,500,000 (-71.20%) |
AIR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $2,318,900,000 (16.50%) | $1,990,500,000 (9.37%) | $1,820,000,000 (10.15%) | $1,652,300,000 (-20.26%) |
Cost of Revenue | $1,876,600,000 (15.81%) | $1,620,400,000 (7.54%) | $1,506,800,000 (9.47%) | $1,376,400,000 (-23.65%) |
Selling General & Administrative Expense | $312,200,000 (35.50%) | $230,400,000 (13.95%) | $202,200,000 (10.86%) | $182,400,000 (-17.32%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $338,900,000 (45.45%) | $233,000,000 (14.55%) | $203,400,000 (6.55%) | $190,900,000 (-15.53%) |
Interest Expense | $43,200,000 (254.10%) | $12,200,000 (408.33%) | $2,400,000 (-52.00%) | $5,000,000 (-46.24%) |
Income Tax Expense | $12,000,000 (-61.78%) | $31,400,000 (18.05%) | $26,600,000 (46.15%) | $18,200,000 (225.00%) |
Net Loss Income from Discontinued Operations | $0 (0%) | -$400,000 (-100.00%) | -$200,000 (-101.90%) | $10,500,000 (-48.53%) |
Consolidated Income | $46,300,000 (-48.67%) | $90,200,000 (14.61%) | $78,700,000 (119.83%) | $35,800,000 (713.64%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $46,300,000 (-48.67%) | $90,200,000 (14.61%) | $78,700,000 (119.83%) | $35,800,000 (713.64%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $46,300,000 (-48.67%) | $90,200,000 (14.61%) | $78,700,000 (119.83%) | $35,800,000 (713.64%) |
Weighted Average Shares | $35,427,056 (2.08%) | $34,706,813 (-1.39%) | $35,196,677 (-0.35%) | $35,319,488 (0.62%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $101,500,000 (-24.14%) | $133,800,000 (24.23%) | $107,700,000 (82.54%) | $59,000,000 (205.70%) |
Gross Profit | $442,300,000 (19.51%) | $370,100,000 (18.17%) | $313,200,000 (13.52%) | $275,900,000 (2.49%) |
Operating Income | $103,400,000 (-24.58%) | $137,100,000 (24.86%) | $109,800,000 (29.18%) | $85,000,000 (96.76%) |
AIR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$758,500,000 (-449.64%) | -$138,000,000 (-736.36%) | -$16,500,000 (-3200.00%) | -$500,000 (97.98%) |
Net Cash Flow from Financing | $729,200,000 (429.56%) | $137,700,000 (330.27%) | -$59,800,000 (87.26%) | -$469,500,000 (-205.62%) |
Net Cash Flow from Operations | $43,600,000 (87.12%) | $23,300,000 (-69.02%) | $75,200,000 (-28.52%) | $105,200,000 (391.41%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $14,300,000 (-37.55%) | $22,900,000 (1861.54%) | -$1,300,000 (99.64%) | -$364,500,000 (-195.02%) |
Net Cash Flow - Business Acquisitions and Disposals | -$728,800,000 (-571.71%) | -$108,500,000 (-1569.23%) | -$6,500,000 (-912.50%) | $800,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$29,700,000 (-0.68%) | -$29,500,000 (-70.52%) | -$17,300,000 (-53.10%) | -$11,300,000 (52.12%) |
Issuance (Repayment) of Debt Securities | $725,000,000 (321.51%) | $172,000,000 (602.92%) | -$34,200,000 (92.72%) | -$470,000,000 (-202.29%) |
Issuance (Purchase) of Equity Shares | $14,500,000 (144.75%) | -$32,400,000 (-26.56%) | -$25,600,000 (-4366.67%) | $600,000 (120.00%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | -$100,000 (50.00%) | -$200,000 (-166.67%) | $300,000 (0%) |
Share Based Compensation | $15,300,000 (13.33%) | $13,500,000 (64.63%) | $8,200,000 (-10.87%) | $9,200,000 (26.03%) |
Depreciation Amortization & Accretion | $41,200,000 (47.67%) | $27,900,000 (-15.71%) | $33,100,000 (-8.82%) | $36,300,000 (-16.93%) |
AIR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 19.10% (2.69%) | 18.60% (8.14%) | 17.20% (2.99%) | 16.70% (28.46%) |
Profit Margin | 2.00% (-55.56%) | 4.50% (4.65%) | 4.30% (95.45%) | 2.20% (1000.00%) |
EBITDA Margin | 6.20% (-23.46%) | 8.10% (5.19%) | 7.70% (32.76%) | 5.80% (93.33%) |
Return on Average Equity (ROAE) | 4.00% (-52.94%) | 8.50% (8.97%) | 7.80% (100.00%) | 3.90% (680.00%) |
Return on Average Assets (ROAA) | 2.10% (-60.38%) | 5.30% (3.92%) | 5.10% (131.82%) | 2.20% (1000.00%) |
Return on Sales (ROS) | 4.40% (-34.33%) | 6.70% (13.56%) | 5.90% (63.89%) | 3.60% (300.00%) |
Return on Invested Capital (ROIC) | 5.60% (-42.27%) | 9.70% (8.99%) | 8.90% (97.78%) | 4.50% (246.15%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 54.61 (178.98%) | 19.57 (-10.69%) | 21.92 (-46.98%) | 41.34 (-75.41%) |
Price to Sales Ratio (P/S) | 1.08 (24.14%) | 0.87 (-6.32%) | 0.93 (4.60%) | 0.89 (160.82%) |
Price to Book Ratio (P/B) | 2.11 (33.63%) | 1.58 (-3.60%) | 1.64 (8.46%) | 1.51 (92.98%) |
Debt to Equity Ratio (D/E) | 1.33 (98.80%) | 0.67 (28.21%) | 0.52 (-10.17%) | 0.58 (-55.49%) |
Earnings Per Share (EPS) | 1.3 (-49.22%) | 2.56 (16.36%) | 2.2 (117.82%) | 1.01 (741.67%) |
Sales Per Share (SPS) | 65.46 (14.13%) | 57.35 (10.91%) | 51.71 (10.53%) | 46.78 (-20.75%) |
Free Cash Flow Per Share (FCFPS) | 0.39 (318.99%) | -0.18 (-110.88%) | 1.65 (-38.13%) | 2.66 (256.32%) |
Book Value Per Share (BVPS) | 33.59 (6.05%) | 31.67 (7.74%) | 29.39 (6.54%) | 27.59 (7.28%) |
Tangible Assets Book Value Per Share (TABVPS) | 55.88 (21.71%) | 45.92 (11.13%) | 41.32 (3.06%) | 40.09 (-28.11%) |
Enterprise Value Over EBIT (EV/EBIT) | 27 (92.86%) | 14 (-17.65%) | 17 (-39.29%) | 28 (-41.67%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 19.48 (63.79%) | 11.89 (-7.78%) | 12.89 (-24.56%) | 17.09 (15.89%) |
Asset Turnover | 1.06 (-9.67%) | 1.18 (0.26%) | 1.18 (16.78%) | 1.01 (-10.73%) |
Current Ratio | 2.98 (-4.71%) | 3.12 (7.95%) | 2.89 (3.99%) | 2.78 (-25.91%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $13,900,000 (324.19%) | -$6,200,000 (-110.71%) | $57,900,000 (-38.34%) | $93,900,000 (257.29%) |
Enterprise Value (EV) | $2,779,066,705 (44.54%) | $1,922,658,399 (5.91%) | $1,815,383,765 (11.46%) | $1,628,788,624 (75.31%) |
Earnings Before Tax (EBT) | $58,300,000 (-52.06%) | $121,600,000 (15.48%) | $105,300,000 (95.00%) | $54,000,000 (440.00%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $142,700,000 (-11.75%) | $161,700,000 (14.84%) | $140,800,000 (47.74%) | $95,300,000 (51.27%) |
Invested Capital | $2,482,500,000 (67.94%) | $1,478,200,000 (22.84%) | $1,203,400,000 (-0.75%) | $1,212,500,000 (-33.39%) |
Working Capital | $922,700,000 (23.62%) | $746,400,000 (13.26%) | $659,000,000 (9.80%) | $600,200,000 (-43.14%) |
Tangible Asset Value | $1,979,800,000 (24.23%) | $1,593,600,000 (9.59%) | $1,454,200,000 (2.70%) | $1,415,900,000 (-27.66%) |
Market Capitalization | $2,514,966,705 (44.61%) | $1,739,158,399 (2.47%) | $1,697,183,765 (15.10%) | $1,474,588,624 (108.28%) |
Average Equity | $1,158,800,000 (9.36%) | $1,059,650,000 (4.72%) | $1,011,850,000 (9.45%) | $924,525,000 (0.95%) |
Average Assets | $2,177,950,000 (29.02%) | $1,688,050,000 (9.06%) | $1,547,800,000 (-5.70%) | $1,641,400,000 (-10.62%) |
Invested Capital Average | $1,827,025,000 (32.09%) | $1,383,150,000 (14.36%) | $1,209,425,000 (-7.25%) | $1,303,950,000 (-14.21%) |
Shares | 35,427,056 (2.08%) | 34,706,813 (-1.39%) | 35,196,677 (-0.35%) | 35,319,488 (0.62%) |
