Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 78

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 78
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617 Selling, general and administrative expenses767,466 677,271 528,149 Total operating costs and expenses3,466,046 3,033,214 2,342,766 Operating income1,018,998 824,455 625,339 Interest expense(129,877)(149,313)(72,984)Other income 4,433 2,444 2,928 Income before income taxes and noncontrolling interests893,554 677,586 555,283 Income tax expense148,000 118,500 110,900 Net income from consolidated operations745,554 559,086 444,383 Less: Net income attributable to noncontrolling interests55,169 44,977 40,787 Net income attributable to HEICO$690,385 $514,109 $403,596 Net income per share attributable to HEICO shareholders:Basic$4.97 $3.71 $2.94 Diluted$4.90 $3.67 $2.91 Weighted average number of common shares outstanding:Basic139,048 138,455 137,185 Diluted140,771 140,198 138,905 

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

55

HEICO CORPORATION AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

Year ended October 31, 202520242023Net income from consolidated operations$745,554 $559,086 $444,383 Other comprehensive income:Foreign currency translation adjustments32,063 13,983 6,905 Unrealized (loss) gain on defined benefit pension plan, net of tax(200)554 59 Amortization of unrealized loss on defined benefit pension plan, net of tax 3 52 56 Total other comprehensive income31,866 14,589 7,020 Comprehensive income from consolidated operations777,420 573,675 451,403 Net income attributable to noncontrolling interests55,169 44,977 40,787 Foreign currency translation adjustments attributable to noncontrolling interests 209 485 701 Comprehensive income attributable to noncontrolling interests 55,378 45,462 41,488 Comprehensive income attributable to HEICO$722,042