Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 36

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 36
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 interests in consolidated subsidiaries 27,950 Net assets acquired, excluding cash$651,393 

11

The allocation of the total consideration for the fiscal 2025 acquisitions to the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed is preliminary until the Company obtains final information regarding their fair values.  However, the Company does not expect any adjustment to such allocation to be material to the Company's consolidated financial statements.  The operating results of the fiscal 2025 acquisitions were included in the Company’s results of operations as of each effective acquisition date.  The amount of net sales and earnings of the fiscal 2025 acquisitions included in the Condensed Consolidated Statement of Operations for the nine and three months ended July 31, 2025 is not material.  Had the fiscal 2025 acquisitions occurred as of November 1, 2023, net sales, net income from consolidated operations, net income attributable to HEICO, and basic and diluted net income per share attributable to HEICO shareholders on a pro forma basis for the nine and three months ended July 31, 2025 and 2024 would not have been materially different than the reported amounts.

3.     SELECTED FINANCIAL STATEMENT INFORMATION

Accounts Receivable(in thousands)July 31, 2025October 31, 2024Accounts receivable$607,911 $550,281 Less:  Allowance for doubtful accounts(10,289)(11,794)Accounts receivable, net$597,622 $538,487 Inventories(in thousands)July 31, 2025October 31, 2024Finished products$723,021 $684,578 Work in process127,756 99,107 Materials, parts, assemblies and supplies459,616 387,264 Inventories, net of valuation reserves$1,310,393 $1,170,949 Property, Plant and Equipment(in thousands)July 31, 2025October 31, 2024Land$83,425 $19,974 Buildings and improvements259,764 217,554 Machinery, equipment and tooling473,800 422,500 Construction in progress19,471 35,432 836,460 695,460 Less:  Accumulated depreciation and amortization(398,825)(356,426)Property, plant and equipment, net$437,635 $339