Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 82

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 82
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 — — 13,677 Share-based compensation expense— — — 15,475 — — — — — 15,475 Proceeds from stock option exercises— 2 3 6,708 — — — — — 6,713 Redemptions of common stock related to stock option exercises— — — (14,847)— — — — — (14,847)Distributions to noncontrolling interests(29,654)— — — — — — — (6,937)(6,937)Acquisitions of noncontrolling interests(1,059)— — (1,674)— — — — — (1,674)Noncontrolling interests assumed related to acquisitions12,137 — — — — — — — — — Adjustments to redemption amount of redeemable noncontrolling interests23,866 — — — — — — (23,866)— (23,866)Deferred compensation obligation— — — — 1,021 (1,021)— — — — Other2,351 — — 771 — — — (308)— 463 Balances as of October 31, 2023$364,807 $547 $835 $578,809 $6,318 ($6,318)($40,180)$2,605,984 $47,156 $3,193,151 

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

58

HEICO CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)Year ended October 31,202520242023Operating Activities:Net income from consolidated operations$745,554 $559,086 $444,383 Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:Depreciation and amortization196,076 175,331 130,043 Share-based compensation expense34,381 18,775 15,475 Employer contributions to HEICO Savings and Investment Plan20,441 17,617 15,276 Increase (decrease) in accrued contingent consideration, net12,920