Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 139

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 139
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5, 2024 and 2023 (in thousands):Year ended October 31,202520242023Cash paid for income taxes$213,665 $114,851 $138,667 Cash received from income tax refunds(7,092)(1,475)(3,846)Cash paid for interest128,967 148,899 54,143 Contingent consideration11,509 — 17,018 Additional purchase consideration (1,545)4,959 (121)Issuance of common stock for an acquisition(10,123)— (161,373)See Note 9, Leases, for additional information regarding supplemental disclosures of cash flow information.

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18.    SUBSEQUENT EVENTS

In November 2025, the Company announced that its HEICO Electronic subsidiary has entered into an agreement to acquire 100% of the equity of Axillon Aerospace's Fuel Containment Business (“Axillon”) from affiliates of SK Capital Partners, LP for cash payable at closing.  Axillon designs and manufactures advanced fuel containment solutions, primarily for military fixed- and rotary-wing aircraft.  Closing is subject to governmental approval and standard closing conditions and is expected to occur in the first quarter of fiscal 2026.  The purchase price of this acquisition is expected to be paid in cash, principally using proceeds from the Company's revolving credit facility and is not material or significant to the Company's consolidated financial statements.In November 2025, the Company, through a subsidiary of HFSC, entered into an agreement to acquire 100% of the stock of EthosEnergy Accessories & Components, LLC and EthosEnergy Accessories & Components, Limited (collectively, “Ethos”).  Ethos provides repair solutions for engine components and accessories for various aeroderivative, aerospace, and defense engine platforms.  Closing is subject to governmental approval and standard closing conditions and is expected to occur in the first quarter of fiscal 2026.  The purchase price of this acquisition is expected to be paid with a combination of cash using proceeds from the Company's revolving credit facility and shares of HEICO Class A Common Stock and is not material or significant to the Company's consolidated financial statements.