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

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 8
Chunk 28
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 price of this acquisition was principally paid in cash using proceeds from the Company's revolving credit facility and cash provided by operating activities, as well as through the issuance of 53,186 shares of HEICO Class A Common Stock.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 three months ended January 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 three months ended January 31, 2025 and 2024 would not have been materially different than the reported amounts.

3.     SELECTED FINANCIAL STATEMENT INFORMATION

Accounts Receivable(in thousands)January 31, 2025October 31, 2024Accounts receivable$533,095 $550,281 Less:  Allowance for doubtful accounts(9,827)(11,794)Accounts receivable, net$523,268 $538,487 

9

Inventories(in thousands)January 31, 2025October 31, 2024Finished products$700,599 $684,578 Work in process101,670 99,107 Materials, parts, assemblies and supplies416,442 387,264 Inventories, net of valuation reserves$1,218,711 $1,170,949 Property, Plant and Equipment(in thousands)January 31, 2025October 31, 2024Land$19,744 $19,974 Buildings and improvements222,272 217,554 Machinery, equipment and tooling438,350 422,500 Construction in progress36,287 35,432 716,653 695,460 Less:  Accumulated depreciation and amortization(367,