XML 107 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
May 31, 2013
May 31, 2012
Current assets:    
Cash $ 75.3 $ 67.7
Accounts receivable 297.4 302.1
Inventories 453.7 461.2
Rotable spares and equipment on or available for short-term lease 129.2 138.6
Deposits, prepaids and other 60.1 71.1
Deferred tax assets 18.0 22.6
Total current assets 1,033.7 1,063.3
Property, plant and equipment, at cost:    
Land 9.2 9.0
Buildings and improvements 99.5 98.7
Equipment, furniture and fixtures 607.5 573.6
Property, plant and equipment, gross 716.2 681.3
Accumulated depreciation (354.5) (298.4)
Property, plant and equipment, net 361.7 382.9
Other assets:    
Goodwill 255.6 262.6
Intangible assets, net 157.8 155.0
Equipment on long-term lease 64.7 73.1
Capitalized program development costs 124.9 91.9
Investment in joint ventures 31.8 49.9
Other 106.7 117.0
Total other assets 741.5 749.5
Total assets 2,136.9 2,195.7
Current liabilities:    
Short-term debt   0.6
Current maturities of long-term debt 86.4 122.2
Accounts and trade notes payable 149.3 201.4
Accrued liabilities 153.3 149.0
Total current liabilities 389.0 473.2
Long-term debt, less current maturities 622.2 669.4
Deferred tax liabilities 138.2 115.9
Other liabilities and deferred income 68.0 71.2
Total noncurrent liabilities 828.4 856.5
Equity:    
Preferred stock, $1.00 par value, authorized 250,000 shares; none issued      
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 44,691,437 and 44,849,196 shares at cost, respectively 44.7 44.8
Capital surplus 431.6 423.6
Retained earnings 584.9 541.8
Treasury stock, 5,309,252 and 4,576,368 shares at cost, respectively (100.1) (90.4)
Accumulated other comprehensive loss (42.5) (55.2)
Total AAR stockholders' equity 918.6 864.6
Noncontrolling interest 0.9 1.4
Total equity 919.5 866.0
Total liabilities and equity $ 2,136.9 $ 2,195.7