Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 4

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 4
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HEICO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(in thousands, except per share data)

April 30, 2025October 31, 2024ASSETSCurrent assets:Cash and cash equivalents$242,309 $162,103 Accounts receivable, net591,404 538,487 Contract assets124,683 112,235 Inventories, net1,244,497 1,170,949 Prepaid expenses and other current assets80,456 78,518 Total current assets2,283,349 2,062,292 Property, plant and equipment, net359,320 339,034 Goodwill3,530,154 3,380,295 Intangible assets, net1,433,631 1,334,774 Other assets485,722 476,427 Total assets$8,092,176 $7,592,822 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$3,789 $4,107 Trade accounts payable230,372 198,429 Accrued expenses and other current liabilities382,951 427,781 Income taxes payable47,746 33,534 Total current liabilities664,858 663,851 Long-term debt, net of current maturities2,274,362 2,225,267 Deferred income taxes100,401 114,156 Other long-term liabilities580,777 525,986 Total liabilities3,620,398 3,529,260 Commitments and contingencies (Note 11)Redeemable noncontrolling interests (Note 3)436,471 366,156 Shareholders’ equity:Preferred Stock, $.01 par value per share; 10,000 shares authorized; none issued— — Common Stock, $.01 par value per share; 150,000 shares authorized; 55,049 and 54,986 shares issued and outstanding550 550 Class A Common Stock, $.01 par value per share; 150,000 shares authorized; 84,039 and 83,827 shares issued and outstanding840 838 Capital in excess of par value637,981 599,399 Deferred compensation obligation7,272 7,272 HEICO stock held by irrevocable trust(7,