HEICO CORP
For the period ended Jul 31, 2024. Filed Aug 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Aug 28, 2024
HEI$332.65+1.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements:
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED
| July 31, 2024 | October 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $202,940 | $171,048 |
| Accounts receivable, net | 525,750 | 509,075 |
| Contract assets | 104,412 | 111,702 |
| Inventories, net | 1,124,765 | 1,013,680 |
| Prepaid expenses and other current assets | 69,068 | 49,837 |
| Total current assets | 2,026,935 | 1,855,342 |
| Property, plant and equipment, net | 330,254 | 321,848 |
| Goodwill | 3,291,962 | 3,274,327 |
| Intangible assets, net | 1,299,870 | 1,357,281 |
| Other assets | 473,415 | 386,265 |
| Total assets | $7,422,436 | $7,195,063 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt and current maturities of long-term debt | $4,208 | $17,801 |
| Trade accounts payable | 207,463 | 205,893 |
| Accrued expenses and other current liabilities | 399,485 | 433,101 |
| Income taxes payable | 3,549 | 8,547 |
| Total current liabilities | 614,705 | 665,342 |
| Long-term debt, net of current maturities | 2,254,889 | 2,460,277 |
| Deferred income taxes | 117,033 | 131,846 |
| Other long-term liabilities | 509,632 | 379,640 |
| Total liabilities | 3,496,259 | 3,637,105 |
| Commitments and contingencies (Note 11) | ||
| Redeemable noncontrolling interests (Note 3) | 329,271 | 364,807 |
| Shareholders’ equity: | ||
| Preferred Stock, $.01 par value per share; 10,000 shares authorized; none issued | — | — |
| Common Stock, $.01 par value per share; 150,000 shares authorized; 54,835 and 54,721 shares issued and outstanding | 548 | 547 |
| Class A Common Stock, $.01 par value per share; 150,000 shares authorized; 83,748 and 83,507 shares issued and outstanding | 837 | 835 |
| Capital in excess of par value | 613,682 | 578,809 |
| Deferred compensation obligation | 6,318 | 6,318 |
| HEICO stock held by irrevocable trust | (6,318) | (6,318) |
| Accumulated other comprehensive loss | (28,945) | (40,180) |
| Retained earnings | 2,953,854 | 2,605,984 |
| Total HEICO shareholders’ equity | 3,539,976 | 3,145,995 |
| Noncontrolling interests | 56,930 | 47,156 |
| Total shareholders’ equity | 3,596,906 | 3,193,151 |
| Total liabilities and equity | $7,422,436 | $7,195,063 |
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