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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Operating Activities:      
Net income from consolidated operations $ 559,086 $ 444,383 $ 390,623
Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:      
Depreciation and amortization 175,331 130,043 96,333
Share-based compensation expense 18,775 15,475 12,646
Employer contributions to HEICO Savings and Investment Plan 17,617 15,276 12,180
Impairment of Intangible Assets 7,500 0 0
Deferred Income Tax Expense (Benefit) (22,002) (26,531) 8,876
Change in accrued contingent consideration (9,884) (686) (7,631)
Payment for Contingent Consideration Liability, Operating Activities (6,203) (6,299) 0
Amendment and termination of contingent consideration agreement 0 (9,057) 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (20,815) (65,595) (29,272)
Contract assets 1,294 (11,642) (4,148)
Inventories (132,934) (124,782) (89,186)
Prepaid expenses and other current assets (23,029) 5,599 (10,077)
Trade accounts payable (9,823) 10,975 25,567
Accrued expenses and other current liabilities 22,095 72,589 34,122
Income taxes payable 20,220 (4,505) 11,597
Change in long-term liabilities and assets related to HEICO LCP 21,618 13,512 15,398
Other 53,524 (10,020) 828
Net cash provided by operating activities 672,370 448,735 467,856
Investing Activities:      
Acquisitions, net of cash acquired (219,293) (2,421,788) (347,308)
Capital expenditures (58,261) (49,434) (31,982)
Net Investment Related to HEICO LCP (19,910) (18,892) (15,300)
Other 4,264 5,647 (1,239)
Net cash used in investing activities (293,200) (2,484,467) (395,829)
Financing Activities:      
Payments on revolving credit facility (365,000) (989,000) (212,000)
Proceeds from Issuance of Senior Long-Term Debt 0 1,189,452 0
Borrowings on revolving credit facility 130,000 1,964,000 262,000
Distributions to noncontrolling interests (34,318) (36,591) (25,092)
Redemption of common stock related to stop option exercises (29,912) (14,847) (25,946)
Cash dividends paid (29,069) (27,370) (24,466)
Acquisitions of noncontrolling interests (26,567) (2,733) (8,735)
Payment for Contingent Consideration Liability, Financing Activities (24,797) (12,610) (320)
Payments on short-term debt, net (13,924) (1,593) 0
Debt issuance costs 0 (10,060) (1,010)
Proceeds from stock option exercises 7,951 6,713 2,352
Other (3,757) (312) (616)
Net cash (used in) provided by financing activities (389,393) 2,065,049 (33,833)
Effect of exchange rate changes on cash 1,278 2,227 (6,988)
Net increase (decrease) in cash and cash equivalents (8,945) 31,544 31,206
Cash and cash equivalents at beginning of year 171,048 139,504 108,298
Cash and cash equivalents at end of year $ 162,103 $ 171,048 $ 139,504