Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 77

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 77
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822 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$3,358 $4,107 Trade accounts payable231,040 198,429 Accrued expenses and other current liabilities577,624 427,781 Income taxes payable19,982 33,534 Total current liabilities832,004 663,851 Long-term debt, net of current maturities2,164,587 2,225,267 Deferred income taxes107,186 114,156 Other long-term liabilities550,124 525,986 Total liabilities3,653,901 3,529,260 Commitments and contingencies (Note 16)Redeemable noncontrolling interests (Note 13)467,358 366,156 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;     55,143 and 54,986 shares issued and outstanding551 550 Class A Common Stock, $.01 par value per share; 150,000 shares authorized;    84,198 and 83,827 shares issued and outstanding842 838 Capital in excess of par value650,667 599,399 Deferred compensation obligation8,096 7,272 HEICO stock held by irrevocable trust(8,096)(7,272)Accumulated other comprehensive income (loss)5,581 (26,076)Retained earnings3,647,678 3,062,166 Total HEICO shareholders’ equity4,305,319 3,636,877 Noncontrolling interests73,856 60,529 Total shareholders’ equity4,379,175 3,697,406 Total liabilities and equity$8,500,434 $7,592,822 

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

54

HEICO CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Year ended October 31,202520242023Net sales$4,485,044 $3,857,669 $2,968,105 Operating costs and expenses:Cost of sales2,698,580 2,355,943 1,814,