Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 104

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 104
---
, and basic and diluted net income per share attributable to HEICO on a pro forma basis for fiscal 2025 and 2024 would not have been materially different than the reported amounts.  Had the fiscal 2024 acquisitions occurred as of November 1, 2022, net sales, net income from consolidated operations, net income attributable to HEICO, and basic and diluted net income per share attributable to HEICO on a pro forma basis for fiscal 2024 and 2023 would not have been materially different than the reported amounts.  Had the other fiscal 2023 acquisition occurred as of November 1, 2021, net sales, net income from consolidated operations, net income attributable to HEICO, and basic and diluted net income per share attributable to HEICO on a pro forma basis for fiscal 2023 would not have been materially different than the reported amounts.

3.    SELECTED FINANCIAL STATEMENT INFORMATION

Accounts ReceivableAs of October 31,(in thousands)20252024Accounts receivable$647,864 $550,281 Less:  Allowance for doubtful accounts(10,249)(11,794)Accounts receivable, net$637,615 $538,487 

78

InventoriesAs of October 31,(in thousands)20252024Finished products$715,286 $684,578 Work in process119,611 99,107 Materials, parts, assemblies and supplies460,439 387,264 Inventories, net of valuation reserves$1,295,336 $1,170,949 Property, Plant and EquipmentAs of October 31,(in thousands)20252024Land$85,134 $19,974 Buildings and improvements255,776 217,554 Machinery, equipment and tooling476,735 422,500 Construction in progress21,812 35,432 839,457 695,460 Less:  Accumulated depreciation and amortization(407,747)(356,426)Property, plant and equipment, net$431,710 $339,034 The amounts set forth above include tooling costs having a net book value of $7.6 million and $7.0 million as of October 31, 2025 and 2024, respectively.  Amortization expense on capitalized tooling was $2.2 million, $2.3 million and $2.3 million in fiscal 202