Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 4

Company: HEICO CORP
Filing Date: 2025-08-27
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)

July 31, 2025October 31, 2024ASSETSCurrent assets:Cash and cash equivalents$261,888 $162,103 Accounts receivable, net597,622 538,487 Contract assets132,963 112,235 Inventories, net1,310,393 1,170,949 Prepaid expenses and other current assets83,161 78,518 Total current assets2,386,027 2,062,292 Property, plant and equipment, net437,635 339,034 Goodwill3,646,106 3,380,295 Intangible assets, net1,513,525 1,334,774 Other assets548,330 476,427 Total assets$8,531,623 $7,592,822 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$3,725 $4,107 Trade accounts payable230,633 198,429 Accrued expenses and other current liabilities467,945 427,781 Income taxes payable9,013 33,534 Total current liabilities711,316 663,851 Long-term debt, net of current maturities2,443,898 2,225,267 Deferred income taxes127,097 114,156 Other long-term liabilities599,272 525,986 Total liabilities3,881,583 3,529,260 Commitments and contingencies (Note 11)Redeemable noncontrolling interests (Note 3)437,587 366,156 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; 55,054 and 54,986 shares issued and outstanding551 550 Class A Common Stock, $.01 par value per share; 150,000 shares authorized; 84,151 and 83,827 shares issued and outstanding842 838 Capital in excess of par value650,314 599,399 Deferred compensation obligation7,272 7,272 HEICO stock held by irrevocable trust(7,