Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 10

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 10
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 of Par ValueDeferred Compensation ObligationHEICO Stock Held by Irrevocable TrustAccumulated Other Comprehensive LossRetained EarningsNoncontrolling InterestsTotal Shareholders' EquityBalances as of January 31, 2024$365,865 $548 $836 $585,888 $6,318 ($6,318)($25,962)$2,705,128 $50,201 $3,316,639 Comprehensive income8,003 — — — — — (9,715)123,146 3,337 116,768 Issuance of common stock to HEICO Savings and Investment Plan— — — 6,724 — — — — — 6,724 Share-based compensation expense— — — 4,582 — — — — — 4,582 Proceeds from stock option exercises— — — 1,897 — — — — — 1,897 Redemptions of common stock related to stock option exercises— — — (1,751)— — — — — (1,751)Distributions to noncontrolling interests(6,500)— — — — — — — (159)(159)Acquisitions of noncontrolling interests(2,109)— — 1,156 — — — — — 1,156 Adjustments to redemption amount of redeemable noncontrolling interests3,165 — — — — — — (3,165)— (3,165)Other(55)— — 203 — — — (88)— 115 Balances as of April 30, 2024$368,369 $548 $836 $598,699 $6,318 ($6,318)($35,677)$2,825,021 $53,379 $3,442,806 

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

6

HEICO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(in thousands)

Six months ended April 30,20252024Operating Activities:Net income from consolidated operations