Heico Corporation (HEI) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64576052433420
Cash and cash equivalents64576052433420
Receivables252274251222202182150
Inventory, net of allowances, customer advances and progress billings441420402344286241218
Inventory441420402344286244218
Progress payments netted against inventory for long-term contracts or programs     (2) 
Costs in excess of billings9568
Other undisclosed current assets6762214484135
Total current assets:825814734632584504431
Noncurrent Assets
Property, plant and equipment17217315513012210694
Intangible assets, net (including goodwill)1,8581,8191,6211,6191,2331,039887
Goodwill1,3011,2691,1151,081866767686
Intangible assets, net (excluding goodwill)557551506538367273201
Deferred costs     8271
Other noncurrent assets2421631441311018776
Other undisclosed noncurrent assets    0(81)(70)
Total noncurrent assets:2,2722,1551,9201,8811,4551,2331,058
TOTAL ASSETS:3,0972,9692,6532,5122,0391,7361,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities243288282249214221204
Accounts payable9510610790736557
Accrued liabilities14417917214813610093
Employee-related liabilities     5352
Taxes payable33312532
Debt1110000
Deferred revenue and credits  1612
Billings in excess of cost  42
Other liabilities     1517
Other undisclosed current liabilities     (89)(83)
Total current liabilities:244289282249214168152
Noncurrent Liabilities
Long-term debt and lease obligation, including:568561532674458367329
Operating lease, liability50 
Other undisclosed long-term debt and lease obligation518561532674458367329
Liabilities, other than long-term debt281236204210220216194
Deferred tax liabilities, net4759106111111
Deferred income tax liabilities3051
Other liabilities25118515815111410682
Total noncurrent liabilities:848797736884678583522
Total liabilities:1,0921,0861,0181,133892752675
Temporary equity, carrying amount1961881321311009140
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7791,6671,3981,161963810699
Common stock111000 
Additional paid in capital288285321327306286269
Accumulated other comprehensive loss(19)(17)(15)(11)(25)(25)(8)
Retained earnings1,5091,3971,091844682548438
Other undisclosed stockholders' equity attributable to parent1111001
Stockholders' equity attributable to noncontrolling interest312810587848375
Total stockholders' equity:1,8091,6951,5031,2481,048893775
TOTAL LIABILITIES AND EQUITY:3,0972,9692,6532,5122,0391,7361,489

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

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues2,0962,0561,7781,5251,3761,1891,132
Revenue, net1,5251,3761,1891,132
Cost of revenue(1,266)(1,242)(1,087)(950)(861)(754)(734)
Gross profit:830814691575515434398
Operating expenses(360)(357)(314)(268)(250)(270)(275)
Other undisclosed operating income     6680
Operating income:470457376307265230203
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
32(0)1(0)(0)1
Interest and debt expense(20)(22)(20)(10)(8)(5)(5)
Income from continuing operations before equity method investments, income taxes:453438356298257225199
Other undisclosed loss from continuing operations before income taxes(2)      
Income from continuing operations before income taxes:451438356298257225199
Income tax expense(51)(78)(71)(90)(81)(71)(60)
Income before gain (loss) on sale of properties:400360286208176154139
Other undisclosed net income2      
Net income:402360286208176154139
Net loss attributable to noncontrolling interest(31)(32)(26)(22)(20)(20)(17)
Net income available to common stockholders, diluted:370328259186156133121

Comprehensive Income ($ in millions)

1/31/2020
TTM
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net income:402360286208176154139
Other comprehensive income (loss)(9)(2)(5)16(0)(18)(8)
Comprehensive income:393358280223176136130
Comprehensive loss, net of tax, attributable to noncontrolling interest(31)(32)(26)(23)(20)(19)(17)
Comprehensive income, net of tax, attributable to parent:362326254201156117113

Statements sources

The financial statements are based on the company's filings with the 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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