Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 16

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 16
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Total consideration $651,393 The following table summarizes the allocation of the aggregate total consideration for the Company's fiscal 2025 acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed (in thousands):Assets acquired:Goodwill $252,172 Customer relationships 157,487 Property, plant and equipment91,530 Intellectual property90,125 Inventories81,353 Trade names29,946 Accounts receivable20,261 Other assets 11,255 Total assets acquired, excluding cash 734,129 Liabilities assumed:Deferred income taxes39,530 Accrued expenses 9,886 Accounts payable1,680 Other liabilities 3,690 Total liabilities assumed 54,786 Noncontrolling interests in consolidated subsidiaries 27,950 Net assets acquired, excluding cash$651,393 

11

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 nine and three months ended July 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 nine and three months ended July 31, 2025 and 2024 would not have been materially different than the reported amounts.

3.     SELECTED FINANCIAL STATEMENT INFORMATION

Accounts Receivable(in thousands)July 31, 2025October 31, 2024Accounts receivable$607,911 $550,281 Less:  Allowance for doubtful accounts(10,289)(11,794)Accounts receivable, net$597,622 $538,487 Inventories(in thousands)July 31, 2025October 31, 2024Finished products$