Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 4

Company: HEICO CORP
Filing Date: 2025-02-28
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)January 31, 2025October 31, 2024ASSETSCurrent assets:Cash and cash equivalents$165,467 $162,103 Accounts receivable, net523,268 538,487 Contract assets118,213 112,235 Inventories, net1,218,711 1,170,949 Prepaid expenses and other current assets77,059 78,518 Total current assets2,102,718 2,062,292 Property, plant and equipment, net348,838 339,034 Goodwill3,491,472 3,380,295 Intangible assets, net1,446,616 1,334,774 Other assets501,067 476,427 Total assets$7,890,711 $7,592,822 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$3,950 $4,107 Trade accounts payable208,141 198,429 Accrued expenses and other current liabilities359,531 427,781 Income taxes payable46,717 33,534 Total current liabilities618,339 663,851 Long-term debt, net of current maturities2,349,681 2,225,267 Deferred income taxes108,780 114,156 Other long-term liabilities579,100 525,986 Total liabilities3,655,900 3,529,260 Commitments and contingencies (Note 11)Redeemable noncontrolling interests (Note 3)424,083 366,156 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; 55,025 and 54,986 shares issued and outstanding550 550 Class A Common Stock, $.01 par value per share; 150,000 shares authorized; 83,920 and 83,827 shares issued and outstanding839 838 Capital in excess of par value618,622 599,399 Deferred compensation obligation7,272 7,272 HEICO stock held by irrevocable trust(7,