7Baggers
Quarterly
Annual
    Unit: USD2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 2018-07-31 2018-04-30 2018-01-31 2017-10-31 2017-07-31 2017-04-30 2017-01-31 2016-10-31 2016-07-31 2016-04-30 2016-01-31 2015-10-31 2015-07-31 2015-04-30 2015-01-31 2014-10-31 2014-07-31 2014-04-30 2014-01-31 2013-10-31 2013-07-31 2013-04-30 2013-01-31 2012-10-31 2011-10-31 2011-07-31 2011-04-30 2011-01-31 2010-10-31 2010-07-31 2010-04-30 2010-01-31 2009-10-31 2009-07-31 
      
    		                                                              
      operating activities:
    		                                                              
      net income from consolidated operations
    		190,680,000 170,523,000 181,566,000 150,886,000 147,817,000 134,901,000 125,482,000 113,565,000 112,753,000 115,060,000 103,005,000 110,173,000 93,086,000 93,112,000 94,252,000 93,356,000 83,683,000 76,471,000 76,248,000 67,580,000 57,564,000 80,909,000 129,802,000 92,573,000 89,059,000 90,083,000 88,026,000 74,081,000 73,899,000 66,011,000 71,695,000 59,087,000 51,475,000 50,833,000 46,265,000 49,521,000 46,976,000 43,729,000 35,924,000 44,031,000 38,938,000 38,504,000 32,091,000 36,078,000 37,352,000 32,780,000 32,562,000 35,763,000 34,768,000 29,046,000 24,984,000 29,313,000 24,412,000 26,392,000 22,126,000 22,523,000 19,891,000 19,526,000 16,908,000 16,030,000   
      adjustments to reconcile net income from consolidated operations to net cash from operating activities:
    		                                                              
      depreciation and amortization
    		49,767,000 48,877,000 46,225,000 44,685,000 44,310,000 42,831,000 43,505,000 43,728,000 29,531,000 29,724,000 27,060,000 25,807,000 23,819,000 23,485,000 23,222,000 24,203,000 22,897,000 22,916,000 23,003,000 23,343,000 21,942,000 21,693,000 21,583,000 21,811,000 21,138,000 20,511,000 20,037,000 19,668,000 19,434,000 19,065,000 19,024,000 17,911,000 16,411,000 15,253,000 15,248,000 15,674,000 15,420,000 15,262,000 13,921,000 12,841,000 11,925,000 12,237,000 10,904,000 11,487,000 12,131,000 12,089,000 12,050,000 10,890,000 9,495,000 8,265,000 8,140,000 8,481,000 5,117,000 4,535,000 4,584,000 4,307,000 4,019,000 4,700,000 4,627,000 4,251,000 4,016,000 4,043,000 
      share-based compensation expense
    		7,675,000 6,000,000 4,671,000 4,687,000 4,625,000 4,582,000 4,881,000 5,063,000 4,357,000 3,243,000 2,812,000 2,831,000 2,960,000 3,241,000 3,614,000 2,704,000 2,083,000 2,042,000 2,229,000 2,359,000 2,500,000 2,629,000 2,646,000 2,660,000 2,687,000 2,548,000 2,439,000 2,350,000 2,474,000 2,291,000 2,168,000 2,208,000 2,097,000 1,659,000 1,451,000 1,529,000 1,619,000 1,606,000 1,680,000 1,654,000 1,616,000 1,356,000 1,422,000 552,000 1,685,000 1,589,000 2,600,000                
      employer contributions to heico savings and investment plan
    		5,686,000 3,027,000 5,473,000 3,940,000 4,875,000 3,137,000 5,665,000 4,629,000 4,114,000 2,719,000 3,814,000 3,296,000 3,520,000 2,199,000 3,165,000 2,725,000 2,320,000 2,206,000 2,840,000 2,124,000 2,641,000 2,198,000 2,613,000 2,400,000 2,527,000 2,448,000 2,153,000 2,004,000 1,932,000 2,223,000 1,860,000 2,036,000 2,053,000 1,965,000 1,714,000 1,801,000 1,953,000 1,849,000 1,417,000 1,643,000 1,886,000 1,203,000 1,393,000                    
      increase in accrued contingent consideration
    		2,208,000 3,478,000 3,288,000  -5,566,000 -6,421,000 1,095,000 -1,904,000 -624,000 506,000 1,336,000 -3,378,000 -2,480,000 -1,659,000 -114,000 -59,000 646,000 227,000 432,000 326,000 -978,000 759,000 408,000 -1,104,000 630,000 1,242,000 1,862,000 2,424,000 -377,000 -217,000 -3,195,000 -127,000 79,000 611,000 537,000 428,000 956,000 832,000 847,000    20,000                    
      impairment of intangible assets
    		   1,500,000                                        5,800,000             1,157,000 0     
      payment of contingent consideration
    		0 0 -2,190,000 0 0 0 -6,203,000 0 0 0 -6,299,000         0 0 0 -175,000 0 -3,038,000 0 -67,000 0 -5,125,000 0 -300,000     6,329,000            0               
      deferred income tax benefit
    		-10,849,000 -10,888,000 -7,052,000 -6,775,000 -3,695,000 -7,773,000 -3,759,000 -3,557,000 -13,378,000      -322,000 1,322,000 -8,470,000 -142,000 -8,345,000 3,347,000 -4,208,000 20,581,000 -25,718,000 -3,099,000    508,000 -328,000 4,135,000 -17,292,000 -4,098,000 -4,089,000 -2,563,000 -346,000 -3,141,000 -4,885,000   -2,171,000 -3,058,000   -5,196,000 -8,403,000 -1,147,000 -1,999,000 -3,392,000 -1,537,000   -1,643,000         -1,275,000  
      changes in operating assets and liabilities, net of acquisitions:
    		                                                              
      increase in accounts receivable
    		4,298,000   -5,481,000    -49,980,000 5,607,000 -14,127,000 -7,095,000 -10,827,000 1,818,000           -14,156,000 964,000   -2,254,000 -11,978,000       -12,981,000            -8,210,000 -3,702,000    -1,859,000 129,000   -7,696,000      
      increase in contract assets
    		-7,986,000 -6,370,000 -5,949,000     -3,779,000 1,404,000 -1,964,000 -7,303,000 -126,000   -1,780,000     -430,000 -2,983,000 -11,266,000 -1,719,000                                        
      increase in inventories
    		-14,023,000 -9,927,000 -36,207,000 -30,751,000 -31,080,000 -21,257,000 -49,846,000 -38,101,000 -11,430,000 -23,210,000 -52,041,000 -27,996,000 -18,424,000 -15,799,000 -26,967,000     19,762,000 -10,287,000 -17,341,000 -20,449,000 -3,058,000 -295,000 -2,440,000 -24,284,000 -8,490,000 -11,151,000 -11,513,000 -18,301,000 1,211,000 -8,164,000 738,000 -14,989,000 -507,000 -4,059,000 -7,529,000 -2,326,000 466,000 -5,691,000 -2,111,000 -2,851,000  3,910,000 -663,000 -5,536,000 746,000 -5,927,000 -4,736,000 -4,960,000 5,687,000 -1,352,000 -1,900,000 -4,108,000 -2,045,000   3,898,000 -4,082,000 9,195,000 360,000 
      decrease (increase) in prepaid expenses and other current assets
    		10,339,000       4,297,000 -436,000                   -625,000                985,000   2,875,000                
      increase in trade accounts payable
    		-274,000 18,804,000 10,389,000 -10,818,000 12,401,000   12,660,000 -8,482,000 8,789,000 -1,992,000 6,608,000 10,822,000 5,668,000 2,469,000 2,741,000 -6,677,000 9,202,000 1,641,000     7,932,000 -4,085,000   7,355,000 6,136,000               8,640,000 -7,636,000   -1,067,000    7,872,000 5,073,000 -1,935,000 3,092,000 1,027,000    1,179,000 -2,624,000  
      increase in accrued expenses and other current liabilities
    		   23,208,000    60,425,000    21,159,000 28,909,000   21,096,000 10,557,000   8,085,000    8,354,000    14,043,000    3,270,000    19,649,000        9,366,000    10,095,000    11,073,000 4,265,000          
      decrease in income taxes payable
    		    -2,704,000    8,857,000             -684,000 -1,334,000      1,235,000                      -2,393,000      -402,000 -106,000     
      net changes in other long-term liabilities and assets related to heico leadership compensation plan
    		6,487,000 3,533,000 13,022,000 2,068,000 2,231,000 2,566,000 14,753,000 1,778,000 1,171,000 1,671,000 8,892,000 1,663,000 379,000 1,753,000 11,603,000 569,000 386,000 -196,000 12,022,000 4,241,000 -3,356,000 2,636,000 11,315,000 1,625,000 691,000 1,461,000 9,143,000                                    
      other
    		-25,692,000 14,227,000 17,702,000 13,635,000 -1,864,000 43,676,000 -1,923,000 -908,000 -2,358,000 -4,875,000 -1,879,000 -1,908,000 559,000 1,728,000 449,000 409,000 125,000 -188,000 1,898,000 975,000 2,365,000 296,000 730,000 1,411,000 1,143,000 -2,197,000 133,000  8,000 46,000 -2,790,000 133,000 259,000 -1,363,000 419,000 63,000 236,000 -3,715,000 474,000 -1,144,000 85,000 10,000 76,000 -10,000 -22,000 -139,000 131,000 108,000 115,000 -313,000 743,000 721,000 -674,000 0 -232,000 435,000 132,000 144,000 41,000 -69,000 -78,000 354,000 
      net cash from operating activities
    		231,211,000 204,695,000 203,034,000 205,623,000 213,955,000 141,140,000 111,652,000 148,378,000 145,921,000 77,750,000 76,686,000 143,946,000 149,157,000 96,773,000 77,980,000 109,981,000 123,991,000 102,913,000 107,199,000 110,154,000 93,089,000 124,746,000 81,136,000 123,979,000 135,146,000 128,687,000 49,566,000 123,784,000 109,703,000 49,995,000 45,005,000 95,582,000 81,590,000 41,738,000 55,975,000 76,768,000 69,711,000 57,538,000 45,167,000 51,574,000 56,484,000 35,350,000 29,455,000 63,456,000 72,232,000 21,452,000 33,549,000 39,544,000 47,760,000 31,249,000 13,283,000 60,282,000 40,520,000 33,917,000 27,534,000 23,547,000 33,796,000 27,658,000 19,986,000 20,277,000 32,098,000 17,123,000 
      investing activities:
    		                                                              
      acquisitions, net of cash acquired
    		-343,767,000 -31,398,000 -254,763,000 -164,085,000 -9,000,000 0 -46,208,000 -1,895,086,000 -2,471,000 -20,495,000 -503,736,000 -172,010,000 -69,765,000   -106,897,000 -9,377,000 -19,881,000 -345,000 -97,619,000 -20,977,000 0 -45,343,000 -5,667,000 -100,234,000 -33,901,000 -101,039,000 -19,176,000 -1,235,000 -33,238,000 -6,126,000 -322,506,000 -14,921,000   0 0 513,000 -264,324,000 -110,586,000 -6,716,000 -170,000 -49,312,000 0 -8,168,000 0 -569,000 -88,224,000 -133,172,000 0 -1,242,000 -25,784,000 -65,440,000 -1,279,000 -5,348,000 -22,588,000 0 -2,872,000     
      capital expenditures
    		-12,739,000 -15,964,000 -17,335,000 -16,086,000 -15,850,000 -12,948,000 -13,377,000 -15,258,000 -12,255,000 -11,075,000 -10,846,000 -7,625,000 -8,146,000 -7,520,000 -8,691,000 -6,059,000 -8,186,000 -6,429,000 -15,509,000 -5,468,000 -5,037,000 -5,585,000 -6,850,000 -7,267,000 -9,075,000 -6,689,000 -5,907,000 -5,973,000 -6,441,000 -21,880,000 -7,577,000 -5,553,000 -6,907,000 -7,116,000 -6,422,000 -7,750,000 -7,567,000 -9,856,000 -5,690,000 -4,482,000 -4,307,000 -5,206,000 -4,254,000 -4,149,000 -4,776,000 -3,495,000 -3,990,000 -4,832,000 -4,231,000 -4,799,000 -4,466,000 -2,881,000 -3,736,000 -1,865,000 -2,208,000 -1,637,000 -2,134,000 -2,143,000 -2,442,000 -2,158,000 -2,469,000 -2,387,000 
      free cash flows
    		218,472,000 188,731,000 185,699,000 189,537,000 198,105,000 128,192,000 98,275,000 133,120,000 133,666,000 66,675,000 65,840,000 136,321,000 141,011,000 89,253,000 69,289,000 103,922,000 115,805,000 96,484,000 91,690,000 104,686,000 88,052,000 119,161,000 74,286,000 116,712,000 126,071,000 121,998,000 43,659,000 117,811,000 103,262,000 28,115,000 37,428,000 90,029,000 74,683,000 34,622,000 49,553,000 69,018,000 62,144,000 47,682,000 39,477,000 47,092,000 52,177,000 30,144,000 25,201,000 59,307,000 67,456,000 17,957,000 29,559,000 34,712,000 43,529,000 26,450,000 8,817,000 57,401,000 36,784,000 32,052,000 25,326,000 21,910,000 31,662,000 25,515,000 17,544,000 18,119,000 29,629,000 14,736,000 
      investments related to heico leadership compensation plan
    		-3,989,000 -3,100,000 -14,600,000 -3,400,000 -2,100,000 -1,700,000 -12,710,000 -4,892,000 0 -2,200,000 -11,800,000 -1,900,000 -1,700,000 -1,600,000 -10,100,000 -1,600,000 -1,500,000 -500,000 -10,400,000 -1,300,000 -1,000,000 -1,800,000 -11,800,000 -2,901,000 0 -2,100,000 -8,700,000                                    
      net cash from investing activities
    		-357,935,000 -51,764,000 -287,995,000 -181,050,000 -26,864,000 -14,147,000 -71,139,000 -1,910,278,000 -14,399,000 -33,810,000 -525,980,000 -172,478,000 -79,396,000 -123,996,000 -19,959,000 -114,564,000 -16,843,000 -26,776,000 -25,271,000 -101,036,000 -27,102,000 -7,351,000 -63,554,000 -13,629,000 -109,317,000 -42,126,000 -115,574,000 -34,278,000 -7,668,000 -55,072,000 -16,493,000 -327,926,000 -21,569,000 -89,317,000 -6,003,000 -7,687,000 -7,331,000 -13,058,000 -269,540,000 -116,212,000 -10,938,000 -5,366,000 -53,490,000 -4,159,000 -12,966,000 -3,469,000 -4,593,000 -93,402,000 -137,393,000 -4,802,000 -5,711,000 -28,682,000 -69,172,000 -2,950,000 -7,559,000 -24,219,000 -2,441,000 -5,031,000 -36,448,000 -4,343,000 -27,758,000 -34,714,000 
      financing activities:
    		                                                              
      borrowings on revolving credit facility
    		350,000,000 0 145,000,000 80,000,000 0 0 50,000,000 1,400,000,000 8,000,000 25,000,000 531,000,000 100,000,000 69,000,000 67,000,000 26,000,000     0 0 200,000,000 45,000,000 25,000,000 159,000,000 36,000,000 93,000,000 3,000,000 0   317,000,000 0   0 0 0 260,000,000 105,000,000 7,000,000 5,000,000 56,696,000 0 7,000,000 82,000,000 23,000,000 85,000,000 142,000,000 0 145,000,000 18,000,000 44,000,000 0 0 28,000,000 0 0 36,000,000 1,000,000 23,000,000 41,000,000 
      payments on revolving credit facility
    		-180,000,000 -75,000,000 -20,000,000 -110,000,000 -130,000,000 -110,000,000 -15,000,000 -150,000,000 -731,000,000 -70,000,000 -38,000,000 -55,000,000 -92,000,000 -40,000,000 -25,000,000 -150,000,000 -200,000,000 -85,000,000 -70,000,000 0 0 -30,000,000 -38,000,000 -103,000,000 -75,000,000 -88,000,000 -17,000,000 -94,000,000 -67,000,000 -38,000,000 -5,000,000 -77,877,000 -29,000,000 -44,000,000 -40,000,000 -52,000,000 -52,000,000 -34,000,000 -32,000,000 -37,000,000 -34,000,000 -32,000,000 -29,000,000 -57,000,000 -57,000,000 -24,000,000 -21,000,000 -27,000,000 -51,000,000 -26,000,000 -22,000,000 -40,000,000 -8,000,000 -7,000,000 -17,000,000 -18,000,000 -33,000,000 -17,000,000 -15,000,000 -13,000,000 -24,000,000 -22,000,000 
      cash dividends paid
    		-16,696,000 0 -15,272,000 0 -15,238,000 0 -13,831,000 0 -13,702,000 0 -13,668,000 0 -12,239,000 0 -12,227,000 0 -12,184,000 0 -10,818,000 0 -10,790,000 0 -10,762,000 0 -9,386,000 0 -9,305,000 0 -7,968,000 0 -7,395,000 0 -6,748,000 0 -6,059,000 0 -5,374,000 0 -5,350,000 0 -4,677,000 0 -4,666,000 0 -3,990,000 0 -27,225,000 0 -3,716,000 0 -116,645,000 0 102,000 -2,504,000 -102,000 -1,990,000 68,000 -1,976,000 -68,000 -1,570,000 0 -1,565,000 
      distributions to noncontrolling interests
    		-9,685,000 -7,327,000 -10,236,000 -11,016,000 -7,930,000 -6,606,000 -8,766,000 -6,657,000 -7,284,000 -11,359,000 -11,291,000 -8,326,000 -6,190,000 -4,530,000 -6,046,000 -6,110,000 -8,030,000 -6,079,000 -7,744,000 -5,721,000 -2,445,000 -4,861,000 -4,881,000 -6,170,000 -96,509,000 -5,395,000 -2,795,000 -5,930,000 -2,680,000 -2,567,000 -1,882,000 -5,477,000 -9,027,000 -1,911,000 -1,986,000 -2,861,000 -10,649,000 -2,811,000 -2,696,000 -2,285,000 -2,681,000 -2,176,000 -2,557,000 -2,495,000 -5,605,000 -69,504,000 -1,608,000 -1,611,000 -1,511,000 -2,147,000 -2,310,000 -2,296,000 -8,565,000 -1,878,000 -2,181,000 -2,269,000 -3,176,000 -2,738,000 -1,938,000 -2,508,000   
      acquisitions of noncontrolling interests
    		-1,568,000 -947,000 -3,258,000 0 -23,402,000 -953,000 -2,212,000 0 0 0 -2,733,000 0    0    0            0 0   0 0       0 0 0 -1,243,000 0 0 0 -16,610,000 0 0 0   0 -68,000     
      redemptions of common stock related to stock option exercises
    		-564,000 -1,320,000 -95,000 -25,076,000 -2,484,000 -1,751,000 -601,000 0 -36,000 -6,000 -14,805,000 -120,000 -2,134,000 -69,000 -23,623,000 -104,000 -63,000 -53,000 -3,571,000 -6,790,000 -2,763,000 -5,000 -2,562,000 -28,414,000 -7,856,000 -27,594,000 -150,000 -42,000 -318,000                   0 0 0 -2,364,000 0 -8,866,000 0 -1,061,000 -4,371,000 0 -328,000 0 -353,000   
      payments on short-term debt
    		   0   -13,924,000                                                        
      proceeds from stock option exercises
    		5,894,000 4,189,000 1,597,000 1,564,000 2,236,000 1,897,000 2,254,000 1,229,000 1,410,000 1,229,000 2,845,000 482,000 260,000 841,000 769,000 839,000 667,000 1,388,000 2,450,000 1,610,000 2,953,000 864,000 1,528,000 277,000 2,742,000 5,462,000 66,000 995,000 1,043,000 568,000 1,425,000 1,488,000 1,874,000 1,067,000 1,230,000 1,093,000 3,360,000 1,377,000 94,000 415,000 304,000 1,438,000 1,516,000 114,000 194,000 242,000 158,000 117,000 60,000 0 286,000 446,000 79,000 282,000 1,511,000 295,000 348,000 82,000 1,153,000 232,000 385,000 144,000 
      net cash from financing activities
    		145,986,000 -81,449,000 90,712,000 -65,346,000 -188,852,000 -118,466,000 -16,729,000 1,240,968,000 435,316,000 -60,410,000 449,175,000 36,257,000 -51,985,000 21,815,000 -39,920,000 -155,745,000 -221,806,000 -90,010,000 -91,407,000 3,118,000 -20,927,000 165,767,000 -10,215,000 -112,540,000 -31,010,000 -79,732,000 63,562,000 -96,270,000 -82,192,000 -11,740,000 -17,333,000 234,830,000 -49,810,000 37,775,000 -46,923,000 -53,228,000 -71,704,000 -39,129,000 220,833,000 66,030,000 -34,144,000 -27,834,000 23,284,000 -59,505,000 -59,547,000 -12,017,000 -29,046,000 56,317,000 85,464,000 -28,313,000 -10,260,000 -24,296,000 18,624,000 -11,117,000 -26,141,000 7,965,000 -35,902,000 -22,079,000 19,356,000 -15,567,000 -4,272,000 14,837,000 
      effect of exchange rate changes on cash
    		317,000 5,360,000 -2,387,000 -64,000 540,000 -689,000 1,491,000 -2,283,000 264,000 1,012,000 3,234,000 -1,826,000 -1,489,000 -2,092,000 -1,581,000 -1,190,000 -970,000 -86,000 2,030,000 -662,000 3,432,000 -347,000 -397,000 168,000 113,000 -594,000 703,000 -618,000 -1,089,000 -644,000 2,443,000 91,000 2,546,000 631,000 -99,000 -89,000 -274,000 1,552,000 -177,000 514,000 -384,000 157,000 -1,106,000 -507,000 -177,000 197,000 -170,000 269,000 62,000 -345,000 326,000 182,000 -60,000 -22,000 61,000 29,000 53,000 -36,000 107,000 -10,000 151,000 254,000 
      net increase in cash and cash equivalents
    		19,579,000 76,842,000 3,364,000 -40,837,000 -1,221,000 7,838,000 25,275,000 -523,215,000 567,102,000 -15,458,000 3,115,000 5,899,000 16,287,000 -7,500,000 16,520,000 -161,518,000 -115,628,000 -13,959,000 -7,449,000 11,574,000 48,492,000 282,815,000 6,970,000 -2,022,000 -5,068,000 6,235,000 -1,743,000 -7,382,000   13,622,000 2,577,000 12,757,000 -9,173,000 2,950,000 15,764,000 -9,598,000   1,906,000 11,018,000   -715,000 -458,000     -2,211,000 -2,362,000 7,486,000 -10,088,000 19,828,000 -6,105,000 7,322,000 -4,494,000 512,000 3,001,000 357,000 219,000 -2,500,000 
      cash and cash equivalents at beginning of year
    		0 0 162,103,000 0 0 0 171,048,000 0 0 0 139,504,000 0 0 0 108,298,000 0 0 0 406,852,000 0 0 0 57,001,000 0 0 0 59,599,000 0 0 0 52,066,000 0 0 0 42,955,000 0 0 0 33,603,000 0 0 0 20,229,000 0 0 0 15,499,000 0 0 0 21,451,000 0 0 0 0 6,543,000 0 0 0 7,167,000 0 0 
      cash and cash equivalents at end of period
    		19,579,000 76,842,000 165,467,000  -1,221,000 7,838,000 196,323,000  567,102,000 -15,458,000 142,619,000  16,287,000 -7,500,000 124,818,000  -115,628,000 -13,959,000 399,403,000  48,492,000 282,815,000 63,971,000  -5,068,000 6,235,000 57,856,000  18,754,000 -17,461,000 65,688,000  12,757,000 -9,173,000 45,905,000  -9,598,000 6,903,000 29,886,000  11,018,000 2,307,000 18,372,000  -458,000 6,163,000 15,239,000  -4,107,000 -2,211,000 19,089,000   19,828,000 -6,105,000 13,865,000  512,000 3,001,000 7,524,000  -2,500,000 
      decrease in accrued expenses and other current liabilities
    		 24,632,000 -63,898,000   -7,652,000 -50,450,000   4,912,000 -7,583,000    -38,725,000    -19,241,000   646,000 -48,319,000   17,941,000 -34,537,000   3,943,000 -18,477,000   7,732,000 -18,908,000   4,563,000 -14,787,000  8,323,000 -2,128,000 -14,172,000   2,661,000 -20,813,000   11,905,000 -16,605,000    5,041,000 -8,010,000   2,236,000 -4,486,000  -5,374,000 
      increase in income taxes payable
    		 -6,288,000 16,887,000    12,345,000    13,839,000 14,002,000   -72,000 -381,000   6,627,000 -7,117,000    524,000   -3,636,000    7,630,000 11,494,000 -3,400,000 -9,253,000 7,230,000 -332,000 -3,714,000 -362,000 5,851,000 774,000 -574,000 -6,150,000 6,323,000 1,042,000   14,405,000     3,050,000 -480,000 -3,989,000 5,203,000 782,000    4,387,000   
      decrease in accounts receivable
    		  20,062,000            16,191,000    9,234,000    23,734,000    4,982,000    14,463,000   -24,640,000 25,998,000   -4,473,000 12,348,000    2,082,000    6,586,000    12,142,000     4,836,000   -1,538,000 3,401,000  4,142,000 
      increase in prepaid expenses and other current assets
    		  -955,000 -8,208,000 -5,578,000 6,541,000 -15,784,000    -860,000 1,624,000 -2,727,000 31,000 -9,005,000 7,647,000 -410,000 -5,418,000 -6,614,000  2,879,000 -12,300,000 -3,303,000    -7,921,000   1,137,000 -5,403,000  -3,497,000 1,338,000 -1,563,000 -413,000 673,000 414,000 -3,030,000  5,074,000 -3,517,000 -2,105,000     -2,446,000 146,000 -162,000 -2,456,000 703,000 1,740,000 694,000 -243,000 -2,534,000  384,000 -83,000 -1,352,000   
      decrease in accrued contingent consideration
    		                                        646,000                      
      amendment and termination of contingent consideration agreement
    		       0 0                                                      
      decrease (increase) in contract assets
    		   -7,715,000 5,837,000 -1,388,000 4,560,000           -2,027,000 2,623,000     4,154,000 1,730,000 -1,571,000 7,270,000                                    
      proceeds from issuance of senior unsecured notes
    		       0                                                       
      debt issuance costs
    		       -1,005,000                                                       
      cash and cash equivalents at end of year
    		                                                              
      decrease (increase) in accounts receivable
    		     -33,631,000 38,940,000             -24,743,000 51,839,000           -10,497,000            -910,000                   
      (payments) borrowings on short-term debt
    		                                                              
      decrease in trade accounts payable
    		      -11,609,000                -10,678,000    -19,832,000    -9,734,000  4,006,000 -1,245,000 -6,322,000  2,231,000 2,836,000 -7,696,000    -5,299,000    -2,949,000   -39,000 -8,115,000       437,000     
      capital contributions from noncontrolling interests
    		               0                                               
      deferred income tax provision
    		          980,000 1,018,000 5,778,000             -3,150,000 3,798,000            2,276,000    1,557,000        803,000  -393,000 180,000 -105,000 347,000   181,000 429,000   
      revolving credit facility issuance costs
    		           0 0   0 0 0 -1,468,000         0 0 0 -4,067,000 0 0           0 0 0 -767,000 0 0 0 -570,000 0           
      decrease in contract assets
    		                                                              
      decrease (increase) in inventories
    		                4,797,000 330,000 2,602,000                                      2,734,000      
      decrease in prepaid expenses and other current assets
    		                                                              
      payments of contingent consideration
    		                                                              
      foreign currency transaction adjustments
    		                           182,000 66,000 42,000 75,000 31,000 3,596,000 676,000 -956,000 -863,000 -1,310,000 3,025,000 -839,000 277,000 -1,734,000 -873,000 -1,374,000                    
      other long-term assets and liabilities
    		                           -21,000 457,000 376,000 492,000 -747,000 -662,000 -1,366,000 616,000 331,000 -1,141,000 -770,000 -419,000 -406,000 -439,000 -242,000 -536,000 -646,000 -86,000                  
      net decrease in cash and cash equivalents
    		                                      -3,717,000    -1,857,000    -260,000                
      tax benefit from stock option exercises
    		                                   1,000 -3,000 -1,000 871,000 -2,000 -1,000 -2,000 1,407,000 0 0 0 93,000 11,000 3,000 7,000 5,170,000 20,000 -1,000 -14,000 23,000 7,695,000 0 -1,000 5,000 947,000 1,000 -247,000 
      excess tax benefit from stock option exercises
    		                                   -1,000 -10,000 1,000 -871,000 2,000 1,000 2,000 -1,407,000 0 0 0 -93,000 -11,000 -3,000 -7,000 -5,105,000 -19,000 1,000 11,000 1,000 -6,359,000 0 1,000 -4,000 -666,000 -1,000 221,000 
      redemptions of common stock related to share-based compensation
    		                                       0 0 -1,000 -4,000 0 0 0 -273,000                
      issuance of common stock to heico savings and investment plan
    		                                            778,000 2,388,000 683,000 360,000 1,466,000              
      decrease in value of contingent consideration
    		                                             -2,249,000 -7,046,000   -1,044,000 -159,000            
      stock option compensation expense
    		                                               1,662,000 1,301,000 1,060,000 1,094,000 1,060,000 834,000 685,000 585,000 543,000 432,000 311,000 302,000 308,000 166,000 8,000 
      increase in value of contingent consideration
    		                                               -445,000               
      change in value of contingent consideration
    		                                                              
      issuance of common stock for heico savings and investment plan
    		                                                              
      the accompanying notes are an integral part of these condensed consolidated financial statements.
    		                                                              
      reduction in value of contingent consideration
    		                                                              
      repurchases of common stock
    		                                                            0 0 
      adjustments to reconcile net income from consolidated
    		                                                              
      operations to net cash from operating activities:
    		                                                              
      increase in accrued expenses and other
    		                                                              
      current liabilities
    		                                                              
      payment of industrial development revenue bonds
    		                                                              
      adjustments to reconcile net income from consolidated operations
    		                                                              
      to net cash from operating activities:
    		                                                              
      acquisitions and related costs, net of cash acquired
    		                                                           -2,182,000 -25,236,000 -32,346,000 
      net income
    		                                                            11,636,000 11,132,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                              
      minority interests’ share of income
    		                                                            3,644,000 3,786,000 
      borrowings on short-term line of credit
    		                                                              
      payments on short-term line of credit
    		                                                              
      distributions to minority interest owners
    		                                                            -3,597,000 -2,467,000 
      adjustments to reconcile net income to net cash
    		                                                              
      provided by operating activities:
    		                                                              
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.