← HEICO CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $156.2m | $186.0m | $259.2m | $327.9m | $314.0m | $304.2m | $351.7m | $403.6m | $514.1m | $690.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $176.2m | $207.7m | $285.7m | $359.7m | $335.9m | $329.8m | $390.6m | $444.4m | $559.1m | $745.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $20.0m | $21.7m | $26.5m | $31.8m | $21.9m | $25.5m | $38.9m | $40.8m | $45.0m | $55.2m | |
| Depreciation, Depletion and Amortization | $60.3m | $64.8m | $77.2m | $83.5m | $88.6m | $93.0m | $96.3m | $130.0m | $175.3m | $196.1m | |
| Amortization | $39.9m | $42.9m | $54.0m | $57.7m | $61.5m | $65.2m | $66.1m | $89.8m | $126.2m | $141.7m | |
| Amortization of Intangible Assets | $36.4m | $39.5m | $50.1m | $53.7m | $57.4m | $61.3m | $62.5m | $85.9m | $122.3m | $137.9m | |
| Depreciation | $20.4m | $21.9m | $23.2m | $25.8m | $27.1m | $27.8m | $30.3m | $40.3m | $49.1m | $54.4m | |
| Deferred Income Tax Expense (Benefit) | ($9.2m) | ($11.1m) | ($13.0m) | ($6.4m) | ($6.0m) | ($15.6m) | $8.9m | ($26.5m) | ($22.0m) | ($48.6m) | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | — | — | — | — | — | $0 | $0 | $7.5m | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | — | — | — | — | $0 | $0 | $7.5m | $0 | |
| Income Tax Expense (Benefit) | $80.9m | $90.3m | $70.6m | $78.1m | $29.0m | $57.3m | $100.4m | $110.9m | $118.5m | $148.0m | |
| Operating Lease, Expense | — | — | — | — | $20.5m | $21.3m | $23.4m | $28.2m | $38.2m | $41.8m | |
| Other Nonoperating Income (Expense) | ($23k) | $1.1m | ($58k) | $2.4m | $1.4m | $1.4m | $565k | $2.9m | $2.4m | $4.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $14.4m | $21.2m | $49.5m | $30.1m | $28.3m | $10.1m | $89.2m | $124.8m | $132.9m | $44.9m | |
| Increase (Decrease) in Accounts Payable | $4.1m | $6.4m | $17.4m | ($3.9m) | ($30.3m) | $6.9m | $25.6m | $11.0m | ($9.8m) | $27.6m | |
| Proceeds from Stock Options Exercised | $5.9m | $5.7m | $4.0m | $8.5m | $7.0m | $5.3m | $2.4m | $6.7m | $8.0m | $13.2m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($3.3m) | ($365k) | — | — | — | — | — | — | — | |
| Goodwill | $865.7m | $1.1b | $1.1b | $1.3b | $1.4b | $1.5b | $1.7b | $3.3b | $3.4b | $3.7b | |
| Stock or Unit Option Plan Expense | $6.4m | $7.4m | $9.3m | $10.3m | $10.1m | $9.1m | $12.6m | $15.5m | $18.8m | $34.4m | |
| Net Cash Provided by (Used in) Operating Activities | $249.2m | $274.9m | $328.5m | $437.4m | $409.1m | $444.1m | $467.9m | $448.7m | $672.4m | $934.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $30.9m | $26.0m | $41.9m | $28.9m | $22.9m | $36.2m | $32.0m | $49.4m | $58.3m | $72.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $263.8m | $418.3m | $59.8m | $240.8m | $163.9m | $136.5m | $347.3m | $2.4b | $219.3m | $629.8m | |
| Payments for (Proceeds from) Other Investing Activities | $2.9m | $552k | $365k | ($2.8m) | ($3.7m) | ($3.2m) | $1.2m | ($5.6m) | ($4.3m) | ($4.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($297.6m) | ($444.8m) | ($113.5m) | ($280.6m) | ($199.0m) | ($183.5m) | ($395.8m) | ($2.5b) | ($293.2m) | ($731.7m) | |
| Cash flows from financing activities: | |||||||||||
| Payments of Ordinary Dividends, Common Stock | $10.7m | $12.8m | $15.4m | $18.7m | $21.6m | $23.0m | $24.5m | $27.4m | $29.1m | $32.0m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | $14.3m | $534k | — | $0 | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($364k) | ($545k) | ($669k) | ($620k) | ($1.2m) | ($1.3m) | ($616k) | ($1.9m) | ($3.8m) | ($4.3m) | |
| Net Cash Provided by (Used in) Financing Activities | $56.8m | $175.9m | ($207.5m) | ($159.7m) | $137.7m | ($559.0m) | ($33.8m) | $2.1b | ($389.4m) | ($150.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $92k | $390k | — | ($216k) | ($7.0m) | $2.2m | $1.3m | $3.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.0m | $3.2m | $92k | ($2.6m) | $349.9m | ($298.6m) | $31.2m | $31.5m | ($8.9m) | $55.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $108.3m | $139.5m | $171.0m | $162.1m | $217.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $7.4m | $6.0m | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.