Company: HEI-A
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0000046619-25-000046
Chunk: 11

Company: HEICO CORP
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 11
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$352,089 $260,383 Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:Depreciation and amortization95,102 86,336 Share-based compensation expense10,671 9,463 Employer contributions to HEICO Savings and Investment Plan8,500 8,802 Increase (decrease) in accrued contingent consideration, net6,766 (5,326)Deferred income tax benefit(17,940)(11,532)Payment of contingent consideration(2,190)(6,203)Changes in operating assets and liabilities, net of acquisitions:(Increase) decrease in accounts receivable(40,361)5,309 (Increase) decrease in contract assets(12,319)3,172 Increase in inventories(46,134)(71,103)Decrease (increase) in prepaid expenses and other current assets4,535 (9,243)Increase (decrease) in trade accounts payable29,193 (11,406)Decrease in accrued expenses and other current liabilities(39,266)(58,102)Increase (decrease) in income taxes payable10,599 (6,830)Net changes in other long-term liabilities and assets related to    HEICO Leadership Compensation Plan16,555 17,319 Other31,929 41,753 Net cash provided by operating activities407,729 252,792 Investing Activities:Acquisitions, net of cash acquired(286,161)(46,208)Capital expenditures(33,299)(26,325)Investments related to HEICO Leadership Compensation Plan (17,700)(14,410)Other(2,599)1,657 Net cash used in investing activities(339,759)(85,286)Financing Activities:Borrowings on revolving credit facility145,000 50,000 Payments on revolving credit facility(95,000)(125,000)Distributions to noncontrolling interests(17,563)(15,372)Cash dividends paid(15,272)(13,831)Payment of contingent consideration(5,954)(13,797)Acquisitions of noncontrolling interests(4,205)(3,165)Redemptions of common stock related to stock option exercises(1,415)(2,352)Payments on short-term debt, net— (13,924)Proceeds from stock option exercises5,786 4,151 Other(2