Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 84

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 84
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 consideration(5,954)(24,797)(12,610)Acquisitions of noncontrolling interests(5,773)(26,567)(2,733)Payments on short-term debt, net — (13,924)(1,593)Debt issuance costs — — (10,060)Proceeds from stock option exercises13,212 7,951 6,713 Other(4,324)(3,757)(312)Net cash (used in) provided by financing activities(150,677)(389,393)2,065,049 Effect of exchange rate changes on cash3,780 1,278 2,227 Net increase (decrease) in cash and cash equivalents55,678 (8,945)31,544 Cash and cash equivalents at beginning of year162,103 171,048 139,504 Cash and cash equivalents at end of year$217,781 $162,103 $171,048 

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

59

HEICO CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business    HEICO Corporation, through its principal subsidiaries consisting of HEICO Aerospace Holdings Corp. (“HEICO Aerospace”), HEICO Flight Support Corp. ("HFSC") and HEICO Electronic Technologies Corp. (“HEICO Electronic”) and their respective subsidiaries (collectively, the “Company”), is principally engaged in the design, manufacture and sale of aerospace, defense and electronic-related products and services throughout the United States ("U.S.") and internationally.  The Company’s customer base is primarily the aviation, defense, space, medical, telecommunications and electronics industries.Basis of Presentation    The Company has two operating segments: the Flight Support Group (“FSG”), consisting of HEICO Aerospace and HFSC and their respective subsidiaries; and the Electronic Technologies Group (“ETG”), consisting of HEICO Electronic and its subsidiaries.    The consolidated financial statements include the financial accounts of HEICO Corporation and its direct subsidiaries, all of which are wholly owned except for HEICO Aerospace, which is 20% owned by Lufthansa Technik AG ("LHT"), the technical services subsidiary of Lufthansa German Airlines.  HFSC consolidates seven subsidiaries which are 74%, 82%, 84%, 85.1%, 89%,