| Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
359,741 | 285,686 | 207,660 | 176,150 | 153,564 | 138,772 | 124,561 | 106,675 | 95,453 | 72,355 | 59,845 | 67,387 |
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
83,497 | 77,191 | 64,823 | 60,277 | 47,907 | 47,757 | 36,790 | 30,656 | 18,543 | 17,597 | 14,967 | 15,052 |
Share-based compensation expense | |||||||||||
10,334 | 9,283 | 7,415 | 6,434 | 6,048 | 6,426 | 5,117 | 3,948 | 2,647 | 1,353 | 181 | 142 |
Impairment of intangible assets | |||||||||||
- | - | - | - | - | 15,000 | 0 | 0 | 4,987 | 1,438 | 300 | 1,835 |
Employer contributions to HEICO Savings and Investment Plan | |||||||||||
9,528 | 8,019 | 7,768 | 7,020 | 6,125 | 6,302 | - | - | - | - | - | - |
Decrease in value of contingent consideration | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | - |
Change in value of contingent consideration | |||||||||||
2,630 | - | 1,100 | 3,063 | 293 | - | -1,640 | 119 | -1,150 | - | - | - |
Foreign Currency Transaction Loss, before Tax | |||||||||||
- | - | - | -13 | 3,704 | - | - | - | - | - | - | - |
Decrease in accrued contingent consideration | |||||||||||
- | 1,365 | - | - | - | 28,126 | - | - | - | - | - | - |
Other | |||||||||||
- | - | - | -644 | - | - | - | - | - | - | - | - |
Deferred Income Tax Expense (Benefit) | |||||||||||
-6,392 | -12,977 | -11,096 | -9,194 | -7,080 | -16,745 | -5,785 | -2,834 | 29 | 1,817 | -2,651 | 3,617 |
Issuance of common stock to HEICO Savings and Investment Plan | |||||||||||
- | - | - | - | - | - | 2,985 | 982 | 0 | 0 | - | - |
Tax benefit from stock option exercises | |||||||||||
- | - | - | - | 1,402 | 93 | 5,191 | 13,164 | 7,703 | 951 | 1,890 | 6,248 |
Excess tax benefit from stock option exercises | |||||||||||
- | - | - | - | 1,402 | 93 | 5,126 | 12,110 | 6,346 | -669 | 1,573 | 4,324 |
PaymentofContingentConsiderationinExcessofAcquisitionDateValue | |||||||||||
3,105 | - | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities, net of acquisitions: | |||||||||||
Change in accounts receivable | |||||||||||
28,976 | 23,763 | -7,384 | 15,955 | 22,572 | -6,999 | 16,585 | 5,782 | 5,327 | -10,684 | -15,214 | 4,749 |
Increase (Decrease) in Contract with Customer, Asset | |||||||||||
-11,583 | 4,806 | 4,538 | - | - | - | - | - | - | - | - | - |
Change in inventories | |||||||||||
30,077 | 49,455 | 21,204 | 14,421 | 10,187 | -126 | 14,877 | 7,484 | 9,405 | 6,359 | 87 | 16,597 |
Change in prepaid expenses and other current assets | |||||||||||
-609 | -401 | -134 | 2,356 | -1,433 | -8,033 | 4,918 | 1,072 | 343 | 549 | -5,216 | -650 |
Change in trade accounts payable | |||||||||||
-3,851 | 17,403 | 6,386 | 4,074 | 3,169 | 2,511 | -23 | 4,269 | 7,257 | 125 | -5,619 | 808 |
Change in accrued expenses and other current liabilities | |||||||||||
17,151 | 22,121 | 1,794 | 35,279 | -883 | -3,090 | 12,766 | 5,182 | 10,425 | 11,474 | -11,296 | 3,803 |
Change in income taxes payable | |||||||||||
1,296 | -12,530 | 6,071 | 1,443 | 373 | 1,462 | -7,273 | 1,759 | 1,516 | -1,196 | -936 | -1,040 |
Increase (Decrease) in Obligation, Other Postretirement Benefits | |||||||||||
12,920 | 11,610 | 12,841 | 10,811 | - | - | - | - | - | - | - | - |
Other | |||||||||||
-490 | -1,669 | -1,747 | 2,281 | 1,623 | -5,262 | -653 | -1,113 | 471 | 248 | -366 | 330 |
Net cash provided by operating activities | |||||||||||
437,378 | 328,487 | 288,285 | 259,713 | 172,863 | 190,689 | 131,836 | 138,585 | 125,518 | 101,717 | 75,817 | 73,162 |
Investing Activities: | |||||||||||
Acquisitions, net of cash acquired | |||||||||||
240,841 | 59,775 | 418,265 | 263,811 | 166,784 | 8,737 | 222,638 | 197,285 | 94,655 | 39,061 | 59,798 | 24,761 |
Net Investment Related to Deferred Compensation Plan | |||||||||||
13,701 | 11,500 | 13,400 | 10,529 | - | - | - | - | - | - | - | - |
Capital expenditures | |||||||||||
28,938 | 41,871 | 25,998 | 30,863 | 18,249 | 16,410 | 18,328 | 15,262 | 9,446 | 8,877 | 10,253 | 13,455 |
Other | |||||||||||
-2,834 | 365 | 552 | 2,942 | 973 | 40 | 342 | 161 | -201 | 325 | -20 | -166 |
Net cash used in investing activities | |||||||||||
-280,646 | -113,511 | -458,215 | -308,145 | -186,006 | -25,187 | -241,308 | -212,708 | -103,900 | -48,263 | -70,031 | -38,050 |
Financing Activities: | |||||||||||
Proceeds from Long-term Lines of Credit | |||||||||||
313,000 | 56,000 | 404,000 | 260,000 | 173,696 | 112,000 | 372,000 | 191,000 | 72,000 | 37,000 | 91,000 | 50,000 |
Payments on revolving credit facility | |||||||||||
283,000 | 204,000 | 190,877 | 170,000 | 132,000 | 159,000 | 126,000 | 100,000 | 50,000 | 78,000 | 73,000 | 66,000 |
Repurchases of common stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 8,098 | 0 |
Cash dividends paid | |||||||||||
18,691 | 15,363 | 12,807 | 10,724 | 9,343 | 31,215 | 120,361 | 5,689 | 4,494 | 3,546 | 3,150 | 2,631 |
Distributions to noncontrolling interests | |||||||||||
110,869 | 13,059 | 18,401 | 19,017 | 9,699 | 79,212 | 7,579 | 9,090 | 14,893 | 10,360 | 9,591 | -7,456 |
Payment of industrial development revenue bonds | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,980 |
Common Stock Issued Repurchased and Retired Related To Stock Option Exercises | |||||||||||
64,014 | 24,983 | 203 | 4 | - | - | 2,364 | 307 | 14,298 | 681 | 0 | 0 |
Payment of Contingent Consideration | |||||||||||
4,073 | 5,425 | 7,039 | 6,329 | - | - | - | - | - | - | - | - |
Excess tax benefit from stock option exercises | |||||||||||
- | - | - | - | 1,402 | 93 | 5,126 | 12,110 | 6,346 | 669 | 1,573 | 4,324 |
Revolving credit facility issuance costs | |||||||||||
- | 4,067 | 270 | - | - | 767 | 570 | 3,028 | 0 | 0 | - | - |
Acquisitions of noncontrolling interests | |||||||||||
- | - | 3,848 | 3,599 | 0 | 1,243 | 16,610 | 7,616 | 7,241 | 795 | 11,268 | -4,277 |
Acquisitions of noncontrolling interests | |||||||||||
- | - | - | - | - | - | 601 | 0 | 0 | - | - | - |
Proceeds from stock option exercises | |||||||||||
8,547 | 4,031 | 5,659 | 5,924 | 3,673 | 708 | 463 | 833 | 2,167 | 1,815 | 1,207 | 2,398 |
Other | |||||||||||
-620 | -669 | -342 | 521 | -393 | -1,479 | -296 | 214 | -256 | -294 | -219 | -1,158 |
Net cash (used in) provided by financing activities | |||||||||||
-159,720 | -207,535 | 175,872 | 56,772 | 27,336 | -160,115 | 103,208 | 78,427 | -10,669 | -54,192 | -11,546 | -26,780 |
Effect of exchange rate changes on cash | |||||||||||
390 | 92 | 3,169 | 1,012 | -819 | -657 | 312 | -353 | 8 | 114 | 365 | -717 |
Net (decrease) increase in cash and cash equivalents | |||||||||||
-2,598 | 7,533 | 9,111 | 9,352 | 13,374 | 4,730 | -5,952 | 3,951 | 10,957 | -624 | -5,395 | 7,615 |