AAR Quarterly Cash Flow Statement
NYSE: AIRIndustrialsAerospaceUSD
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
AAR free cash flow
In the quarter ended Aug 31, 2026, AAR generated $55.8 million of operating cash flow and spent $11.8 million on capital expenditures. That left free cash flow of $44.0 million, a free-cash-flow margin of 4.8% of revenue.
Summary generated from market data by MetaCap's automated system. Methodology
AAR cash flow statement (quarterly)
| Quarter (USD) | Q1 20272026-08-31 | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 40.10M | 50.70M | 68.00M | 34.60M | 34.40M | 34.00M | -8.90M | -30.60M | 18.00M | 9.10M | 14.00M | 23.80M |
| Net Income growth (YoY) | +16.57% | +49.12% | — | — | +91.11% | +273.63% | -163.57% | -228.57% | — | -60.78% | -35.78% | +5.78% |
| Depreciation & Amortization | 18.80M | 21.00M | 20.20M | 17.10M | 13.80M | 13.70M | 14.00M | 14.00M | 13.50M | 14.70M | 8.40M | 8.70M |
| Stock-Based Compensation | 7.80M | 4.50M | 3.70M | 4.30M | 5.30M | 4.30M | 5.60M | 5.00M | 5.00M | 3.80M | 3.60M | 3.60M |
| Change in Working Capital | 112.80M | 123.70M | 115.90M | 102.50M | 36.70M | -4.40M | 71.20M | 68.20M | 65.30M | 93.10M | 70.50M | 60.50M |
| Operating Cash Flow | 55.80M | 55.30M | 74.70M | 13.60M | -44.90M | 51.40M | -18.70M | 22.00M | -18.60M | 24.50M | 20.40M | 17.40M |
| Capital Expenditures | -11.80M | -12.00M | -8.50M | -7.40M | -8.70M | -10.00M | -8.50M | -8.30M | -7.90M | -7.50M | -5.80M | -7.30M |
| Investing Cash Flow | -25.60M | -56.90M | -14.70M | -213.30M | -23.80M | 27.60M | -3.70M | -7.90M | -5.30M | -731.70M | -6.50M | -8.70M |
| Share Repurchases | — | — | — | — | — | — | — | — | — | 0 | — | — |
| Debt Issued | — | 0 | 0 | 0 | 153.00M | — | — | — | — | — | — | — |
| Financing Cash Flow | -24.90M | 9.30M | -56.10M | 204.30M | 51.10M | -70.70M | 40.80M | 5.30M | -9.10M | 719.70M | -5.80M | -23.40M |
| Net Change in Cash | 5.30M | 7.70M | 3.90M | 4.60M | -17.60M | 8.30M | 18.40M | 19.40M | -33.00M | 12.50M | 8.10M | -14.70M |
| Free Cash Flow | 44.00M | 43.30M | 66.20M | 6.20M | -53.60M | 41.40M | -27.20M | 13.70M | -26.50M | 17.00M | 14.60M | 10.10M |
This table shows 12 quarterly periods of AAR's cash flow statement, from Q1 2027 back to Q2 2024, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AIR's reporting calendar. What is a cash flow statement?