Heico Corporation (HEI) financial statements (2021 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)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3994075760524334
Cash and cash equivalents3994075760524334
Receivables202210274251222202182
Inventory, net of allowances, customer advances and progress billings463463420402344286241
Inventory463463420402344286244
Progress payments netted against inventory for long-term contracts or programs      (2)
Costs in excess of billings956
Other undisclosed current assets8585622144841
Total current assets:1,1491,166814734632584504
Noncurrent Assets
Property, plant and equipment178169173155130122106
Intangible assets, net (including goodwill)1,9541,9621,8191,6211,6191,2331,039
Goodwill1,3881,3831,2691,1151,081866767
Intangible assets, net (excluding goodwill)566579551506538367273
Deferred costs      82
Other noncurrent assets28525116314413110187
Other undisclosed noncurrent assets     0(81)
Total noncurrent assets:2,4162,3822,1551,9201,8811,4551,233
TOTAL ASSETS:3,5663,5482,9692,6532,5122,0391,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities234240288282249214221
Accounts payable7876106107907365
Accrued liabilities152162179172148136100
Employee-related liabilities      53
Taxes payable42331253
Debt1111000
Deferred revenue and credits  16
Billings in excess of cost  4
Other liabilities      15
Other undisclosed current liabilities      (89)
Total current liabilities:235241289282249214168
Noncurrent Liabilities
Long-term debt and lease obligation, including:669739561532674458367
Finance lease, liability 9 
Operating lease, liability 44 
Other undisclosed long-term debt and lease obligation669686561532674458367
Liabilities, other than long-term debt360336236204210220216
Deferred tax liabilities, net4759106111
Deferred income tax liabilities485651
Other liabilities312280185158151114106
Total noncurrent liabilities:1,0291,075797736884678583
Total liabilities:1,2631,3161,0861,0181,133892752
Temporary equity, carrying amount22222118813213110091
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0491,9801,6671,3981,161963810
Common stock1111000
Additional paid in capital301300285321327306286
Accumulated other comprehensive income (loss)2(9)(17)(15)(11)(25)(25)
Retained earnings1,7441,6881,3971,091844682548
Other undisclosed stockholders' equity attributable to parent1111100
Stockholders' equity attributable to noncontrolling interest313028105878483
Total stockholders' equity:2,0802,0111,6951,5031,2481,048893
TOTAL LIABILITIES AND EQUITY:3,5663,5482,9692,6532,5122,0391,736

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

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Revenues1,6991,7872,0561,7781,5251,3761,189
Revenue, net1,5251,3761,189
Cost of revenue(1,056)(1,105)(1,242)(1,087)(950)(861)(754)
Gross profit:643682814691575515434
Operating expenses(297)(305)(357)(314)(268)(250)(270)
Other undisclosed operating income      66
Operating income:346377457376307265230
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
212(0)1(0)(0)
Interest and debt expense(11)(13)(22)(20)(10)(8)(5)
Income from continuing operations before equity method investments, income taxes:337365438356298257225
Other undisclosed income from continuing operations before income taxes2      
Income from continuing operations before income taxes:338365438356298257225
Income tax expense(54)(29)(78)(71)(90)(81)(71)
Income before gain (loss) on sale of properties:284336360286208176154
Other undisclosed net loss(2)      
Net income:282336360286208176154
Net loss attributable to noncontrolling interest(20)(22)(32)(26)(22)(20)(20)
Net income available to common stockholders, diluted:263314328259186156133

Comprehensive Income ($ in millions)

1/31/2021
TTM
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
Net income:282336360286208176154
Other comprehensive income (loss)228(2)(5)16(0)(18)
Comprehensive income:305344358280223176136
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(22)(32)(26)(23)(20)(19)
Comprehensive income, net of tax, attributable to parent:284322326254201156117

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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