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 thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 694,263127,161142,619139,504133,605117,318
Cash and cash equivalents 694,263127,161142,619139,504133,605117,318
Receivables355,491361,057325,764294,848273,151269,850
Inventory, net of allowances, customer advances and progress billings731,966721,569697,495582,471545,943519,498
Inventory731,966721,569697,495582,471545,943519,498
Other undisclosed current assets150,204156,852152,921135,907129,074126,059
Total current assets:1,931,9241,366,6391,318,7991,152,7301,081,7731,032,725
Noncurrent Assets
Property, plant and equipment285,033273,856274,403225,879202,844193,558
Intangible assets, net (including goodwill)2,848,8242,875,5542,868,0692,405,7522,180,0272,136,383
Goodwill2,026,2792,031,2351,994,3471,672,4251,541,4771,511,466
Intangible assets, net (excluding goodwill)822,545844,319873,722733,327638,550624,917
Other noncurrent assets387,521354,150343,349311,135322,707322,667
Total noncurrent assets:3,521,3783,503,5603,485,8212,942,7662,705,5782,652,608
TOTAL ASSETS:5,453,3024,870,1994,804,6204,095,4963,787,3513,685,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities455,121443,867425,529550,042344,711302,411
Taxes payable12,4552,4582,033
Employee-related liabilities130,837
Accounts payable139,515147,708134,836116,551108,44197,089
Accrued liabilities315,606296,159290,693290,199233,812203,289
Debt16,77718,8601,6151,6541,7341,781
Other undisclosed current liabilities7,1494,10126,352(130,837)  
Total current liabilities:479,047466,828453,496420,859346,445304,192
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,198,484735,779781,174288,620244,023264,095
Long-term debt, excluding current maturities1,186,104     
Finance lease, liability   13,376  
Other undisclosed long-term debt and lease obligation12,380735,779781,174198,279244,023264,095
Liabilities, other than long-term debt472,692462,092485,489410,110407,905392,645
Deferred income tax liabilities83,35794,468113,47771,16248,19242,629
Other liabilities389,335367,624372,012338,948359,713350,016
Operating lease, liability    76,965  
Total noncurrent liabilities:1,671,1761,197,8711,266,663698,730651,928656,740
Total liabilities:2,150,2231,664,6991,720,1591,119,589998,373960,932
Temporary equity, carrying amount343,883345,833340,287327,601296,994303,927
Equity
Equity, attributable to parent, including:2,914,3672,817,8902,699,1372,606,1362,452,1312,382,036
Additional paid in capital406,442398,991388,603397,337317,365311,053
Accumulated other comprehensive loss(16,657)(17,626)(19,358)(46,499)(37,927)(30,554)
Retained earnings2,523,2122,435,1552,328,5232,253,9322,171,3332,100,178
Other undisclosed equity, attributable to parent1,3701,3701,3691,3661,3601,359
Equity, attributable to noncontrolling interest44,82941,77745,03742,17039,85338,438
Total equity:2,959,1962,859,6672,744,1742,648,3062,491,9842,420,474
TOTAL LIABILITIES AND EQUITY:5,453,3024,870,1994,804,6204,095,4963,787,3513,685,333

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

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Revenues722,902687,841620,915609,638569,528538,813
Cost of revenue(444,168)(421,329)(377,116)(369,255)(348,591)(327,584)
Gross profit:278,734266,512243,799240,383220,937211,229
Operating expenses(129,367)(109,422)(114,365)(93,885)(92,190)(88,452)
Operating income:149,367157,090129,434146,498128,747122,777
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
906343639(120)145314
Interest and debt expense(12,120)(11,373)(6,068)(3,205)(1,406)(979)
Income from continuing operations before equity method investments, income taxes:138,153146,060124,005143,173127,486122,112
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:138,153146,060124,005143,173127,486122,112
Income tax expense(25,400)(31,000)(21,000)(33,000)(34,400)(29,000)
Income from continuing operations:112,753115,060103,005110,17393,08693,112
Income before gain (loss) on sale of properties:110,17393,08693,112
Net income:112,753115,060103,005110,17393,08693,112
Net loss attributable to noncontrolling interest(10,730)(9,940)(9,978)(12,969)(10,546)(8,102)
Net income available to common stockholders, diluted:102,023105,12093,02797,20482,54085,010

Comprehensive Income ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Net income:112,753115,060103,005110,17393,08693,112
Other comprehensive income (loss)9002,00728,400(8,922)(7,728)(14,255)
Comprehensive income:113,653117,067131,405101,25185,35878,857
Comprehensive loss, net of tax, attributable to noncontrolling interest(10,661)(10,215)(11,237)(12,619)(10,191)(7,439)
Comprehensive income, net of tax, attributable to parent:102,992106,852120,16888,63275,16771,418

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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