HEICO CORPORATION (HEI) FY2025 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-11-01 to 2025-07-31

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HEICO CORPORATION cash flow reconciliation, Nov 1, 2024 through Jul 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income from consolidated operations → Net cash from operating activities: $542,769,000.00Depreciation and amortization → Operating adjustments reconciliation: $144,869,000.00Change in trade accounts payable → Operating adjustments reconciliation: $28,919,000.00Change in other long-term liabilities and assets related to HEICO Leadership Compensation Plan → Operating adjustments reconciliation: $23,042,000.00Share-based compensation expense → Operating adjustments reconciliation: $18,346,000.00Change in prepaid expenses and other current assets → Operating adjustments reconciliation: $14,874,000.00Employer contributions to HEICO Savings and Investment Plan → Operating adjustments reconciliation: $14,186,000.00Change in accrued expenses and other current liabilities → Operating adjustments reconciliation: $11,903,000.00Change in value of contingent consideration → Operating adjustments reconciliation: $8,974,000.00Other → Operating adjustments reconciliation: $6,237,000.00Operating adjustments reconciliation → Net cash from operating activities: $96,171,000.00Operating adjustments reconciliation → Change in inventories: $60,157,000.00Operating adjustments reconciliation → Change in accounts receivable: $36,063,000.00Operating adjustments reconciliation → Deferred income tax provision (benefit): $28,789,000.00Operating adjustments reconciliation → Change in income taxes payable: $27,675,000.00Operating adjustments reconciliation → Change in contract assets: $20,305,000.00Operating adjustments reconciliation → Payment for Contingent Consideration Liability, Operating Activities: $2,190,000.00Borrowings on revolving credit facility → financing reconciliation: $495,000,000.00Proceeds from stock option exercises → financing reconciliation: $11,680,000.00financing reconciliation → Net cash from financing activities: $155,249,000.00financing reconciliation → Payments on revolving credit facility: $275,000,000.00financing reconciliation → Cash dividends paid: $31,968,000.00financing reconciliation → Distributions to noncontrolling interests: $27,248,000.00financing reconciliation → Payment for Contingent Consideration Liability, Financing Activities: $5,954,000.00financing reconciliation → Payments to Noncontrolling Interests: $5,773,000.00financing reconciliation → Other: $3,509,000.00financing reconciliation → Common Stock Issued Repurchased and Retired Related To Stock Option Exercises: $1,979,000.00Net cash used in investing activities → investing reconciliation: $697,694,000.00investing reconciliation → Acquisitions, net of cash acquired: $629,928,000.00investing reconciliation → Capital expenditures: $46,038,000.00investing reconciliation → Net Investment Related to Deferred Compensation Plan: $21,689,000.00investing reconciliation → Other: $39,000.00Exchange-rate effect → Cash sources and uses: $3,290,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $162,103,000.00Net cash from operating activities → Cash sources and uses: $638,940,000.00Net cash from financing activities → Cash sources and uses: $155,249,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $261,888,000.00Cash sources and uses → Net cash used in investing activities: $697,694,000.00Net income from consolidated operations: $542,769,000.00Net income from consolidated operations+$542.77 MDepreciation and amortization: $144,869,000.00Depreciation & amortization+$144.87 MShare-based compensation expense: $18,346,000.00Stock-based compensation+$18.35 MEmployer contributions to HEICO Savings and Investment Plan: $14,186,000.00Employer plan contributions+$14.19 MChange in value of contingent consideration: $8,974,000.00Contingent consideration change+$8.97 MDeferred income tax provision (benefit): -$28,789,000.00Deferred income taxes−$28.79 MPayment for Contingent Consideration Liability, Operating Activities: -$2,190,000.00Contingent consideration paid−$2.19 MChange in accounts receivable: -$36,063,000.00Receivables, net−$36.06 MChange in contract assets: -$20,305,000.00Contract assets−$20.31 MChange in inventories: -$60,157,000.00Inventories−$60.16 MChange in prepaid expenses and other current assets: $14,874,000.00Prepaid & other assets+$14.87 MChange in trade accounts payable: $28,919,000.00Accounts payable+$28.92 MChange in accrued expenses and other current liabilities: $11,903,000.00Accrued liabilities+$11.90 MChange in income taxes payable: -$27,675,000.00Income taxes payable−$27.68 MChange in other long-term liabilities and assets related to HEICO Leadership Compensation Plan: $23,042,000.00Other long-term items, net+$23.04 MOther: $6,237,000.00Other non-cash items+$6.24 MImpairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill): $0.00Net cash from operating activities: $638,940,000.00Operating cash+$638.94 MOperating adjustments reconciliation: $271,350,000.00Borrowings on revolving credit facility: $495,000,000.00Long-term credit line borrowings+$495.00 MPayments on revolving credit facility: -$275,000,000.00Long-term credit line repayments−$275.00 MDistributions to noncontrolling interests: -$27,248,000.00Noncontrolling dividends−$27.25 MCash dividends paid: -$31,968,000.00Common dividends paid−$31.97 MPayment for Contingent Consideration Liability, Financing Activities: -$5,954,000.00Contingent consideration paid−$5.95 MPayments to Noncontrolling Interests: -$5,773,000.00Paid to noncontrolling interests−$5.77 MCommon Stock Issued Repurchased and Retired Related To Stock Option Exercises: -$1,979,000.00Stock option exercise shares−$1.98 MRepayments of Short-Term Debt: $0.00Proceeds from stock option exercises: $11,680,000.00Stock option exercises+$11.68 MOther: -$3,509,000.00Other financing, net−$3.51 MNet cash from financing activities: $155,249,000.00Financing cash+$155.25 Mfinancing reconciliation: $506,680,000.00Acquisitions, net of cash acquired: -$629,928,000.00Acquisitions, net of cash−$629.93 MCapital expenditures: -$46,038,000.00PP&E purchases−$46.04 MNet Investment Related to Deferred Compensation Plan: -$21,689,000.00Deferred comp investments, net−$21.69 MOther: -$39,000.00Other investing, net−$39.00 KNet cash used in investing activities: -$697,694,000.00. Cash required to fund net payments.Investing cash−$697.69 Minvesting reconciliation: $697,694,000.00Cash sources and uses: $959,582,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $162,103,000.00Beginning cash$162.10 MEnding cash: Cash, cash equivalents, and restricted cash: $261,888,000.00Ending cash$261.89 MExchange-rate effect: $3,290,000.00FX effect+$3.29 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$592.90 MOperating cash − cash spent on PP&ECash flow / Net income1.18×Operating cash flow ÷ net incomeNet cash change+$99.79 MEnding cash − beginning cash
Chart details

HEICO CORPORATION cash flow reconciliation, Nov 1, 2024 through Jul 31, 2025

Cash flows for Nov 1, 2024 through Jul 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Oct 31, 2024. Ending cash: Jul 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Oct 31, 2024
162,103,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
638,940,000 US dollars. Net cash provided.
Net income from consolidated operations
542,769,000 US dollars
Depreciation and amortization
144,869,000 US dollars
Share-based compensation expense
18,346,000 US dollars
Employer contributions to HEICO Savings and Investment Plan
14,186,000 US dollars
Change in value of contingent consideration
8,974,000 US dollars
Deferred income tax provision (benefit)
negative 28,789,000 US dollars
Payment for Contingent Consideration Liability, Operating Activities
negative 2,190,000 US dollars
Change in accounts receivable
negative 36,063,000 US dollars
Change in contract assets
negative 20,305,000 US dollars
Change in inventories
negative 60,157,000 US dollars
Change in prepaid expenses and other current assets
14,874,000 US dollars
Change in trade accounts payable
28,919,000 US dollars
Change in accrued expenses and other current liabilities
11,903,000 US dollars
Change in income taxes payable
negative 27,675,000 US dollars
Change in other long-term liabilities and assets related to HEICO Leadership Compensation Plan
23,042,000 US dollars
Other
6,237,000 US dollars
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)
0 US dollars
Investing activities
negative 697,694,000 US dollars. Net cash used.
Acquisitions, net of cash acquired
negative 629,928,000 US dollars
Capital expenditures
negative 46,038,000 US dollars
Net Investment Related to Deferred Compensation Plan
negative 21,689,000 US dollars
Other
negative 39,000 US dollars
Financing activities
155,249,000 US dollars. Net cash provided.
Borrowings on revolving credit facility
495,000,000 US dollars
Payments on revolving credit facility
negative 275,000,000 US dollars
Distributions to noncontrolling interests
negative 27,248,000 US dollars
Cash dividends paid
negative 31,968,000 US dollars
Payment for Contingent Consideration Liability, Financing Activities
negative 5,954,000 US dollars
Payments to Noncontrolling Interests
negative 5,773,000 US dollars
Common Stock Issued Repurchased and Retired Related To Stock Option Exercises
negative 1,979,000 US dollars
Repayments of Short-Term Debt
0 US dollars
Proceeds from stock option exercises
11,680,000 US dollars
Other
negative 3,509,000 US dollars
Operating adjustment reconciliation
271,350,000 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
506,680,000 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
697,694,000 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
3,290,000 US dollars
Ending cash on Jul 31, 2025
261,888,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
959,582,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
99,785,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.18×. 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
638,940,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
46,038,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
592,902,000 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 $96.17M 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: 638,940,000 US dollars minus 46,038,000 US dollars equals 592,902,000 US dollars.
HEICO CORPORATION (HEI) FY2025 YTD Q3 Statement of Cash Flows Sankey chart
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