Heico Corporation (HEI) Financial Statements (2023 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)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12510840757605243
Cash and cash equivalents12510840757605243
Receivables228245210274251222202
Inventory, net of allowances, customer advances and progress billings504478463420402344286
Inventory504478463420402344286
Costs in excess of billings95
Other undisclosed current assets118106856221448
Total current assets:9759371,166814734632584
Noncurrent Assets
Property, plant and equipment195194169173155130122
Intangible assets, net (including goodwill)2,0122,0331,9621,8191,6211,6191,233
Goodwill1,4461,4501,3831,2691,1151,081866
Intangible assets, net (excluding goodwill)566582579551506538367
Other noncurrent assets332335251163144131101
Other undisclosed noncurrent assets      0
Total noncurrent assets:2,5392,5612,3822,1551,9201,8811,455
TOTAL ASSETS:3,5143,4983,5482,9692,6532,5122,039
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities272293240288282249214
Accounts payable8986761061079073
Accrued liabilities181207162179172148136
Taxes payable21233125
Debt1211100
Total current liabilities:274295241289282249214
Noncurrent Liabilities
Long-term debt and lease obligation, including:236235739561532674458
Finance lease, liability 109 
Operating lease, liability 6244 
Other undisclosed long-term debt and lease obligation236163686561532674458
Liabilities, other than long-term debt404419336236204210220
Deferred tax liabilities, net4759106
Deferred income tax liabilities40415651
Other liabilities364378280185158151114
Total noncurrent liabilities:6406541,075797736884678
Total liabilities:9149491,3161,0861,0181,133892
Temporary equity, carrying amount258253221188132131100
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3052,2631,9801,6671,3981,161963
Common stock  11100
Additional paid in capital302321300285321327306
Accumulated other comprehensive loss(17)(9)(9)(17)(15)(11)(25)
Retained earnings2,0191,9501,6881,3971,091844682
Other undisclosed stockholders' equity attributable to parent1111110
Stockholders' equity attributable to noncontrolling interest373430281058784
Total stockholders' equity:2,3422,2972,0111,6951,5031,2481,048
TOTAL LIABILITIES AND EQUITY:3,5143,4983,5482,9692,6532,5122,039

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues1,9381,8661,7872,0561,7781,5251,376
Revenue, net1,5251,376
Cost of revenue(1,179)(1,138)(1,105)(1,242)(1,087)(950)(861)
Gross profit:759727682814691575515
Operating expenses(348)(335)(305)(357)(314)(268)(250)
Operating income:411393377457376307265
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1112(0)1(0)
Interest and debt expense(6)(7)(13)(22)(20)(10)(8)
Income from continuing operations before income taxes:407387365438356298257
Income tax expense(59)(57)(29)(78)(71)(90)(81)
Net income:348330336360286208176
Net loss attributable to noncontrolling interest(27)(26)(22)(32)(26)(22)(20)
Net income available to common stockholders, diluted:321304314328259186156

Comprehensive Income ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net income:348330336360286208176
Other comprehensive income (loss)(20)18(2)(5)16(0)
Comprehensive income:328330344358280223176
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(25)(22)(32)(26)(23)(20)
Comprehensive income, net of tax, attributable to parent:301305322326254201156

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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