Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 9

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 1
Chunk 9
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 (1,923)Net cash provided by operating activities203,034 111,652 Investing Activities:Acquisitions, net of cash acquired(254,763)(46,208)Capital expenditures(17,335)(13,377)Investments related to HEICO Leadership Compensation Plan(14,600)(12,710)Other(1,297)1,156 Net cash used in investing activities(287,995)(71,139)Financing Activities:Borrowings on revolving credit facility145,000 50,000 Payments on revolving credit facility(20,000)(15,000)Cash dividends paid(15,272)(13,831)Distributions to noncontrolling interests(10,236)(8,766)Payment of contingent consideration(5,954)(13,797)Acquisitions of noncontrolling interests(3,258)(2,212)Payments on short-term debt, net— (13,924)Redemptions of common stock related to stock option exercises(95)(601)Proceeds from stock option exercises1,597 2,254 Other(1,070)(852)Net cash provided by (used in) financing activities90,712 (16,729)Effect of exchange rate changes on cash(2,387)1,491 Net increase in cash and cash equivalents3,364 25,275 Cash and cash equivalents at beginning of year162,103 171,048 Cash and cash equivalents at end of period$165,467 $196,323 

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

HEICO CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED

1.     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentationThe accompanying unaudited condensed consolidated financial statements of HEICO Corporation and its subsidiaries (collectively, “HEICO,” or the “Company”) have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10-Q.  Therefore, the condensed consolidated financial statements do not include all information and footnotes normally included in annual consolidated financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended October 31, 2024.  The October