Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 138

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 138
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 assets.202520242023Net sales:United States of America$2,776,103 $2,420,892 $1,963,451 Other countries1,708,941 1,436,777 1,004,654 Total net sales$4,485,044 $3,857,669 $2,968,105 Long-lived assets:United States of America$447,581 $357,303 $349,085 Other countries (1)119,110 113,567 94,136 Total long-lived assets$566,691 $470,870 $443,221 (1) France was the only foreign country where long-lived assets exceeded 10% of the Company's total long-lived assets for certain fiscal periods presented.  Long-lived assets held in France totaled $54.2 million and $53.3 million as of October 31, 2024 and 2023, respectively.

16.    COMMITMENTS AND CONTINGENCIES

    Guarantees    As of October 31, 2025, the Company had outstanding standby letters of credit and guarantees with financial institutions aggregating $15.1 million.  These guarantees and standby letters of credit pertain to performance guarantees issued in connection with customer contracts 

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entered into by certain of the Company's subsidiaries, and a payment guarantee related to potential workers' compensation claims.Product Warranty    Changes in the Company’s product warranty liability in fiscal 2025 and 2024 are as follows (in thousands):Year ended October 31,20252024Balance as of beginning of year$4,036 $3,847 Accruals for warranties3,532 2,711 Acquired warranty liabilities1,233 244 Warranty claims settled(3,033)(2,766)Balance as of end of year$5,768 $4,036 LitigationThe Company is involved in various legal actions arising in the normal course of business.  Based upon the Company’s and its legal counsel’s evaluations of any claims or assessments, management is of the opinion that the outcome of these matters will not have a material adverse effect on the Company’s results of operations, financial position or cash flows.

17.    SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

The following table presents supplemental disclosures of cash flow information and non-cash investing activities for fiscal 202