HEICO CORPORATION (HEI) FY2024 Q3 Statement of Cash Flows
2024-05-01 to 2024-07-31
Statement of Cash Flows
2024-05-01 to 2024-07-31
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Chart details
HEICO CORPORATION cash flow reconciliation, May 1, 2024 through Jul 31, 2024
Cash flows for May 1, 2024 through Jul 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Apr 30, 2024. Ending cash: Jul 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Apr 30, 2024
- 204,161,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 213,955,000 US dollars. Net cash provided.
- Depreciation, Depletion and Amortization
- 44,310,000 US dollars
- Change in other long-term liabilities and assets related to HEICO Leadership Compensation Plan
- 2,231,000 US dollars
- Change in value of contingent consideration
- negative 5,566,000 US dollars
- Net income from consolidated operations
- 147,817,000 US dollars
- Change in Prepaid Expense and Other Assets
- negative 5,578,000 US dollars
- Other Noncash Income (Expense)
- negative 1,864,000 US dollars
- Stock or Unit Option Plan Expense
- 4,625,000 US dollars
- Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)
- 6,000,000 US dollars
- Business Combination, Reversal of Remaining Contingent Consideration, Liability
- 0 US dollars
- Deferred income tax provision (benefit)
- negative 3,695,000 US dollars
- Change in Income Taxes Payable
- negative 2,704,000 US dollars
- Change in Contract Assets
- 5,837,000 US dollars
- Employer contributions to HEICO Savings and Investment Plan
- 4,875,000 US dollars
- Change in Trade Accounts Payable
- 12,401,000 US dollars
- Change in Accrued Expenses and Other Current Liabilities
- 56,989,000 US dollars
- Payment for Contingent Consideration Liability, Operating Activities
- 0 US dollars
- Change in Receivables
- negative 20,643,000 US dollars
- Change in Inventories
- negative 31,080,000 US dollars
- Investing activities
- negative 26,864,000 US dollars. Net cash used.
- Payments to Acquire Businesses, Net of Cash Acquired
- negative 9,000,000 US dollars
- Payments to Acquire Property, Plant, and Equipment
- negative 15,850,000 US dollars
- Net Investment Related to Deferred Compensation Plan
- negative 2,100,000 US dollars
- Payments for (Proceeds from) Other Investing Activities
- 86,000 US dollars
- Financing activities
- negative 188,852,000 US dollars. Net cash used.
- Proceeds from (Payments for) Other Financing Activities
- negative 1,034,000 US dollars
- Payments of Ordinary Dividends, Noncontrolling Interest
- negative 7,930,000 US dollars
- Proceeds from Issuance of Senior Long-Term Debt
- 0 US dollars
- Proceeds from Stock Options Exercised
- 2,236,000 US dollars
- Payment for Contingent Consideration Liability, Financing Activities
- negative 11,000,000 US dollars
- Proceeds from Long-term Lines of Credit
- 0 US dollars
- Payments to Noncontrolling Interests
- negative 23,402,000 US dollars
- Payments of Debt Issuance Costs
- 0 US dollars
- Common Stock Issued Repurchased and Retired Related To Stock Option Exercises
- negative 2,484,000 US dollars
- Repayments of Short-Term Debt
- 0 US dollars
- Repayments of Long-Term Lines of Credit
- negative 130,000,000 US dollars
- Payments of Ordinary Dividends, Common Stock
- negative 15,238,000 US dollars
- Operating adjustment reconciliation
- 137,268,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 191,088,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 26,950,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 540,000 US dollars
- Ending cash on Jul 31, 2024
- 202,940,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 418,656,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 1,221,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.45×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 213,955,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 15,850,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 198,105,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $66.14M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 213,955,000 US dollars minus 15,850,000 US dollars equals 198,105,000 US dollars.
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