HEICO CORPORATION HEI Income Statement

Heico corporation (HEI)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Jul'09
Net sales
506,275	541,529	532,324	515,648	466,146	476,884	465,825	430,602	404,410	421,224	391,500	368,657	343,432	363,299	356,084	350,648	306,227	328,672	300,370	291,421	268,185	292,223	291,030	282,232	266,826	287,426	267,133	237,708	216,490	242,409	225,969	216,314	212,655	208,919	197,267	184,486	174,219	169,370	158,270	153,845	135,535	134,086
Operating costs and expenses:
Cost of sales
308,228	332,144	319,493	306,261	283,909	290,426	284,216	262,745	249,619	261,195	242,603	228,275	218,015	227,615	222,501	216,619	194,031	201,876	192,278	185,927	174,388	189,277	187,703	182,310	174,709	180,822	169,593	148,260	138,901	152,671	141,717	141,116	134,407	134,600	127,442	118,115	110,293	108,322	100,717	100,219	85,415	88,275
Selling, general and administrative expenses
87,057	88,832	93,417	90,204	84,290	82,761	80,186	76,292	75,231	70,585	72,775	63,840	60,867	59,608	63,729	67,235	59,575	57,844	49,582	49,706	47,391	49,227	53,214	50,751	41,732	51,047	49,134	44,760	42,650	44,132	41,797	37,597	40,616	36,879	34,119	33,458	31,554	31,369	28,560	27,669	25,576	24,389
Total operating costs and expenses
395,285	420,976	412,910	396,465	368,199	373,187	364,402	339,037	324,850	331,780	315,378	292,115	278,882	287,223	286,230	283,854	253,606	259,720	241,860	235,633	221,779	238,504	240,917	233,061	216,441	231,869	218,727	193,020	181,551	196,803	183,514	178,713	175,023	171,479	161,561	151,573	141,847	139,691	129,277	127,888	110,991	112,664
Operating income
110,990	120,553	119,414	119,183	97,947	103,697	101,423	91,565	79,560	89,444	76,122	76,542	64,550	76,076	69,854	66,794	52,621	68,952	58,510	55,788	46,406	53,719	50,113	49,171	50,385	55,557	48,406	44,688	34,939	45,606	42,455	37,601	37,632	37,440	35,706	32,913	32,372	29,679	28,993	25,957	24,544	21,422
Interest expense
4,283	5,199	5,523	5,484	5,489	5,060	5,212	4,904	4,725	3,414	2,447	1,960	1,969	2,078	2,294	2,333	1,567	1,280	1,088	1,146	1,112	1,275	1,444	1,441	1,281	1,177	1,097	803	640	616	552	654	610	43	7	38	54	86	136	167	119	177
Other (expense) income
195	19	268	2,484	-332	-56	-112	-250	360	257	200	151	484	-177	16	568	-430	-441	-184	362	197	34	83	350	158	383	59	161	285	123	-131	177	144	-85	-57	151	55	-2	-31	268	155	184
Income before income taxes and noncontrolling interests
106,902	115,373	114,159	116,183	92,126	98,581	96,099	86,411	75,195	86,287	73,875	74,733	63,065	73,821	67,576	65,029	50,624	67,231	57,238	55,004	45,491	52,478	48,752	48,080	49,262	54,763	47,368	44,046	34,584	45,113	41,772	37,124	37,166	37,312	35,642	33,026	32,373	29,591	28,826	26,058	24,580	21,429
Income Tax Expense (Benefit)
-22,900	22,800	25,100	26,100	4,100	24,500	22,200	20,400	3,500	27,200	22,400	23,900	16,800	24,300	20,600	21,300	14,700	23,200	18,300	16,500	13,400	16,400	11,400	15,300	16,700	19,000	12,600	15,000	9,600	15,800	13,100	12,900	12,700	12,900	9,250	10,900	9,850	9,700	9,300	9,150	8,550	6,511
Net income from consolidated operations
129,802	92,573	89,059	90,083	88,026	74,081	73,899	66,011	71,695	59,087	51,475	50,833	46,265	49,521	46,976	43,729	35,924	44,031	38,938	38,504	32,091	36,078	37,352	32,780	32,562	35,763	34,768	29,046	24,984	29,313	28,672	24,224	24,466	24,412	26,392	22,126	22,523	19,891	19,526	16,908	16,030	14,918
Less: Net income attributable to noncontrolling interests
7,914	6,889	7,961	8,301	8,694	6,704	6,813	6,393	6,543	5,413	5,777	5,147	5,338	5,259	4,974	5,072	4,653	5,781	4,569	5,399	4,451	3,973	3,986	4,413	5,107	5,972	5,821	5,346	5,026	5,522	5,544	5,181	5,281	5,898	5,990	5,296	5,449	4,249	4,596	4,335	4,237	3,786
Net Income (Loss) Attributable to Parent
121,888	85,684	81,098	81,782	79,332	67,377	67,086	59,618	65,152	53,674	45,698	45,686	40,927	44,262	42,002	38,657	31,271	38,250	34,369	33,105	27,640	32,105	33,366	28,367	27,455	29,791	28,947	23,700	19,958	23,791	23,128	19,043	19,185	18,514	20,402	16,830	17,074	15,642	14,930	12,573	11,793	11,132
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.91	0.63	0.61	0.61	0.60	0.40	0.51	0.56	0.49	0.24	0.35	0.43	0.39	-0.24	0.50	0.46	0.47	0.17	0.51	0.50	0.42	0.48	0.50	0.43	0.41	0.44	0.44	0.36	0.30	0.13	0.44	0.36	0.36	0.00	0.39	0.32	0.41	0.04	0.36	0.31	0.36	0.34
Earnings Per Share, Diluted
0.89	0.62	0.59	0.60	0.58	0.38	0.49	0.55	0.48	0.23	0.34	0.42	0.38	-0.23	0.49	0.45	0.46	0.16	0.51	0.49	0.41	0.48	0.49	0.42	0.41	0.45	0.43	0.35	0.30	0.13	0.43	0.36	0.36	0.00	0.38	0.32	0.40	0.04	0.35	0.30	0.35	0.33
Weighted average number of common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
134,523	134,344	133,970	133,313	132,933	159,390	132,794	105,940	132,048	184,572	131,786	105,276	105,178	289,356	83,908	83,653	66,875	133,581	66,813	66,711	66,595	66,525	66,497	66,437	66,393	66,367	66,342	66,294	66,189	105,490	52,695	52,648	52,611	166,626	52,161	52	41,360	90,400	41,146	40,972	32,683	32,603
Weighted Average Number of Shares Outstanding, Diluted
137,421	137,582	137,634	137,206	136,978	164,390	136,733	109,271	136,390	190,280	135,771	108,296	108,005	294,257	85,348	85,035	67,940	135,685	67,901	67,801	67,669	67,531	67,474	67,455	67,352	67,243	67,015	66,872	66,798	106,627	53,288	53,296	53,285	169,981	53,212	53	42,385	92,918	42,246	42,201	33,701	33,632
Cash dividends per share (in dollars per share)
-	-	0.07	-	-	-	0.06	0.00	-	-	0.05	0.00	0.05	-	0.06	0.00	0.08	-	0.07	0.00	0.07	-	0.06	0.00	0.41	-	0.05	0.00	1.76	-	0.06	0.00	0.04	-	0.04	0.00	0.04	-	0.04	0.00	0.04	0.04