Heico Corporation (HEI) Financial Statements (2024 and earlier)

Company Profile

Business Address 3000 TAFT ST
HOLLYWOOD, FL 33021
State of Incorp. FL
Fiscal Year End October 31
Industry (SIC) 3724 - Aircraft Engines and Engine Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

4/30/2024
MRQ
1/31/2024
MRQ
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments196 14010840757
Cash and cash equivalents196 14010840757
Receivables472509295245210274
Inventory, net of allowances, customer advances and progress billings1,0691,014582478463420
Inventory1,0691,014582478463420
Other undisclosed current assets1763331361068562
Total current assets:1,9121,8551,1539371,166814
Noncurrent Assets
Property, plant and equipment328322226194169173
Intangible assets, net (including goodwill)4,6564,6322,4062,0331,9621,819
Goodwill3,2903,2741,6721,4501,3831,269
Intangible assets, net (excluding goodwill)1,3661,357733582579551
Other noncurrent assets440386311335251163
Total noncurrent assets:5,4245,3402,9432,5612,3822,155
TOTAL ASSETS:7,3367,1954,0953,4983,5482,969
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities577639550293240288
Taxes payable12123
Employee-related liabilities131   
Accounts payable1952061178676106
Accrued liabilities382433290207162179
Debt5182211
Other undisclosed current liabilities239(131)   
Total current liabilities:604665421295241289
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4962,460289235739561
Long-term debt, excluding current maturities1,1871,187    
Finance lease, liability  2413109 
Other undisclosed long-term debt and lease obligation1,3091,250198163686561
Liabilities, other than long-term debt554511410419336236
Deferred income tax liabilities12813271415651
Other liabilities426380339378280185
Operating lease, liability   776244 
Total noncurrent liabilities:3,0492,9726996541,075797
Total liabilities:3,6543,6371,1209491,3161,086
Temporary equity, carrying amount366365328253221188
Equity
Equity, attributable to parent, including:3,2663,1462,6062,2631,9801,667
Common stock     11
Additional paid in capital586579397321300285
Accumulated other comprehensive loss(26)(40)(46)(9)(9)(17)
Retained earnings2,7052,6062,2541,9501,6881,397
Other undisclosed equity, attributable to parent111111
Equity, attributable to noncontrolling interest504742343028
Total equity:3,3173,1932,6482,2972,0111,695
TOTAL LIABILITIES AND EQUITY:7,3367,1954,0953,4983,5482,969

Income Statement (P&L) ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues3,2442,9682,2081,8661,7872,056
Cost of revenue(1,987)(1,815)(1,346)(1,138)(1,105)(1,242)
Gross profit:1,2561,153863727682814
Operating expenses(580)(528)(366)(335)(305)(357)
Operating income:676625497393377457
Nonoperating income
(Other Nonoperating income)
331112
Interest and debt expense(36)(4)(6)(7)(13)(22)
Income from continuing operations before equity method investments, income taxes:643624491387365438
Other undisclosed loss from continuing operations before income taxes(69)(69)    
Income from continuing operations before income taxes:574555491387365438
Income tax expense(107)(111)(100)(57)(29)(78)
Income from continuing operations:467444391330336360
Income before gain (loss) on sale of properties:391330336360
Net income:467444391330336360
Net loss attributable to noncontrolling interest(42)(41)(39)(26)(22)(32)
Net income available to common stockholders, diluted:425404352304314328

Comprehensive Income ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income:467444391330336360
Other comprehensive income (loss)(7)7(40)18(2)
Comprehensive income:460451351330344358
Comprehensive loss, net of tax, attributable to noncontrolling interest(42)(41)(37)(25)(22)(32)
Comprehensive income, net of tax, attributable to parent:419410314305322326

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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