Company: HEI-A
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0000046619-25-000015
Chunk: 6

Company: HEICO CORP
Filing Date: 2025-02-28
Form: 10-Q
Item: Item 1
Chunk 6
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813)14,774 Comprehensive income from consolidated operations152,753 140,256 Net income attributable to noncontrolling interests 13,611 10,784 Foreign currency translation adjustments attributable to noncontrolling interests(1,303)556 Comprehensive income attributable to noncontrolling interests12,308 11,340 Comprehensive income attributable to HEICO$140,445 $128,916 

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

4

HEICO CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - UNAUDITED

(in thousands, except per share data)

HEICO Shareholders' EquityRedeemable Noncontrolling InterestsCommon StockClass A Common StockCapital in Excess of Par ValueDeferred Compensation ObligationHEICO Stock Held by Irrevocable TrustAccumulated Other Comprehensive LossRetained EarningsNoncontrolling InterestsTotal Shareholders' EquityBalances as of October 31, 2024$366,156 $550 $838 $599,399 $7,272 ($7,272)($26,076)$3,062,166 $60,529 $3,697,406 Comprehensive income 7,573 — — — — — (27,510)167,955 4,735 145,180 Cash dividends ($.11 per share)— — — — — — — (15,272)— (15,272)Issuance of common stock for an acquisition — — 1 10,122 — — — — — 10,123 Issuance of common stock to HEICO Savings and Investment Plan — — — 2,679 — — — — — 2,679 Share-based compensation expense— — — 4,671 — — — — — 4,671 Proceeds from stock option exercises— — — 1,597 — — — — — 1,597 Redemptions of common stock related to stock option exercises— — — (95)— — — — — (95)Noncontrolling interests assumed related to acquisitions27,912 — — — —