7Baggers

HEICO Corporation
(NYSE:HEI) 

HEI stock logo

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal in...

Founded: 1957
Full Time Employees: 5,900
Sector: Industrials
Industry: Aerospace & Defense
IndustrialsAerospaceDefense
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-01-31 2025-10-31 2025-07-31 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 2012-07-31 2012-04-30 2012-01-31 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 2009-04-30 
                                                                        
      net sales
    		1,178,582,000 1,209,411,000 1,147,591,000 1,097,820,000 1,030,222,000 1,013,665,000 992,246,000 955,395,000 896,363,000 936,447,000 722,902,000 687,841,000 620,915,000 609,638,000 569,528,000 538,813,000 490,343,000 509,422,000 471,707,000 466,651,000 417,902,000 426,178,000 386,410,000 468,146,000 506,275,000 541,529,000 532,324,000 515,648,000 466,146,000 476,884,000 465,825,000 430,602,000 404,410,000 421,224,000 391,500,000 368,657,000 343,432,000 363,299,000 356,084,000 350,648,000 306,227,000 328,672,000 300,370,000 291,421,000 268,185,000 292,223,000 291,030,000 282,232,000 266,826,000 287,426,000 267,133,000 237,708,000 216,490,000 242,409,000 225,969,000 216,314,000 212,655,000 208,919,000 197,267,000 184,486,000 174,219,000 169,370,000 158,270,000 153,845,000 135,535,000 143,607,000 134,086,000 130,166,000 
      yoy
    		14.40% 19.31% 15.66% 14.91% 14.93% 8.25% 37.26% 38.90% 44.36% 53.61% 26.93% 27.66% 26.63% 19.67% 20.74% 15.46% 17.33% 19.53% 22.07% -0.32% -17.46% -21.30% -27.41% -9.21% 8.61% 13.56% 14.28% 19.75% 15.27% 13.21% 18.98% 16.80% 17.76% 15.94% 9.95% 5.14% 12.15% 10.54% 18.55% 20.32% 14.18% 12.47% 3.21% 3.26% 0.51% 1.67% 8.95% 18.73% 23.25% 18.57% 18.22% 9.89% 1.80% 16.03% 14.55% 17.25% 22.06% 23.35% 24.64% 19.92% 28.54% 17.94% 18.04% 18.19%     
      qoq
    		-2.55% 5.39% 4.53% 6.56% 1.63% 2.16% 3.86% 6.59% -4.28% 29.54% 5.10% 10.78% 1.85% 7.04% 5.70% 9.88% -3.75% 8.00% 1.08% 11.67% -1.94% 10.29% -17.46% -7.53% -6.51% 1.73% 3.23% 10.62% -2.25% 2.37% 8.18% 6.48% -3.99% 7.59% 6.20% 7.34% -5.47% 2.03% 1.55% 14.51% -6.83% 9.42% 3.07% 8.66% -8.23% 0.41% 3.12% 5.77% -7.17% 7.60% 12.38% 9.80% -10.69% 7.28% 4.46% 1.72% 1.79% 5.91% 6.93% 5.89% 2.86% 7.01% 2.88% 13.51% -5.62% 7.10% 3.01%  
      operating costs and expenses:
    		                                                                    
      cost of sales
    		723,618,000 723,570,000 690,434,000 660,016,000 624,560,000 619,773,000 602,976,000 583,600,000 549,594,000 572,004,000 444,168,000 421,329,000 377,116,000 369,255,000 348,591,000 327,584,000 300,133,000 304,923,000 286,990,000 286,878,000 259,468,000 264,471,000 242,927,000 289,256,000 308,228,000 332,144,000 319,493,000 306,261,000 283,909,000 290,426,000 284,216,000 262,745,000 249,619,000 261,195,000 242,603,000 228,275,000 218,015,000 227,615,000 222,501,000 216,619,000 194,031,000 201,876,000 192,278,000 185,927,000 174,388,000 189,277,000 187,703,000 182,310,000 174,709,000 180,822,000 169,593,000 148,260,000 138,901,000 152,671,000 141,717,000 141,116,000 134,407,000 134,600,000 127,442,000 118,115,000 110,293,000 71,587,750 100,717,000 100,219,000 85,415,000 94,829,000 88,275,000 87,648,000 
      selling, general and administrative expenses
    		195,065,000 206,819,000 192,138,000 189,652,000 178,857,000 175,246,000 172,824,000 162,642,000 166,559,000 174,995,000 129,367,000 109,422,000 114,365,000 93,885,000 92,190,000 88,452,000 91,388,000 89,470,000 83,879,000 83,025,000 78,149,000 72,644,000 75,049,000 70,729,000 87,057,000 88,832,000 93,417,000 90,204,000 84,290,000 82,761,000 80,186,000 76,292,000 75,231,000 70,585,000 72,775,000 63,840,000 60,867,000 59,608,000 63,729,000 67,235,000 59,575,000 57,844,000 49,582,000 49,706,000 47,391,000 49,227,000 53,214,000 50,751,000 41,732,000 51,047,000 49,134,000 44,760,000 42,650,000 44,132,000 41,797,000 37,597,000 40,616,000 36,879,000 34,119,000 33,458,000 31,554,000 31,369,000 28,560,000 27,669,000 25,576,000 24,717,000 24,389,000 21,199,000 
      total operating costs and expenses
    		918,683,000 930,389,000 882,572,000 849,668,000 803,417,000 795,019,000 775,800,000 746,242,000 716,153,000 746,999,000 573,535,000 530,751,000 491,481,000 463,140,000 440,781,000 416,036,000 391,521,000 394,393,000 370,869,000 369,903,000 337,617,000 337,115,000 317,976,000 359,985,000 395,285,000 420,976,000 412,910,000 396,465,000 368,199,000 373,187,000 364,402,000 339,037,000 324,850,000 331,780,000 315,378,000 292,115,000 278,882,000 287,223,000 286,230,000 283,854,000 253,606,000 259,720,000 241,860,000 235,633,000 221,779,000 238,504,000 240,917,000 233,061,000 216,441,000 231,869,000 218,727,000 193,020,000 181,551,000 196,803,000 183,514,000 178,713,000 175,023,000 171,479,000 161,561,000 151,573,000 141,847,000 92,039,000 129,277,000 127,888,000 110,991,000 119,546,000 112,664,000 108,847,000 
      operating income
    		259,899,000 279,022,000 265,019,000 248,152,000 226,805,000 218,646,000 216,446,000 209,153,000 180,210,000 189,448,000 149,367,000 157,090,000 129,434,000 146,498,000 128,747,000 122,777,000 98,822,000 115,029,000 100,838,000 96,748,000 80,285,000 89,063,000 68,434,000 108,161,000 110,990,000 120,553,000 119,414,000 119,183,000 97,947,000 103,697,000 101,423,000 91,565,000 79,560,000 89,444,000 76,122,000 76,542,000 64,550,000 76,076,000 69,854,000 66,794,000 52,621,000 68,952,000 58,510,000 55,788,000 46,406,000 53,719,000 50,113,000 49,171,000 50,385,000 55,557,000 48,406,000 44,688,000 34,939,000 45,606,000 42,455,000 37,601,000 37,632,000 37,440,000 35,706,000 32,913,000 32,372,000 29,679,000 28,993,000 25,957,000 24,544,000 24,061,000 21,422,000 21,319,000 
      yoy
    		14.59% 27.61% 22.44% 18.65% 25.86% 15.41% 44.91% 33.14% 39.23% 29.32% 16.02% 27.95% 30.98% 27.36% 27.68% 26.90% 23.09% 29.15% 47.35% -10.55% -27.66% -26.12% -42.69% -9.25% 13.32% 16.26% 17.74% 30.16% 23.11% 15.94% 33.24% 19.63% 23.25% 17.57% 8.97% 14.59% 22.67% 10.33% 19.39% 19.73% 13.39% 28.36% 16.76% 13.46% -7.90% -3.31% 3.53% 10.03% 44.21% 21.82% 14.02% 18.85% -7.16% 21.81% 18.90% 14.24% 16.25% 26.15% 23.15% 26.80% 31.89% 23.35% 35.34% 21.76%     
      qoq
    		-6.85% 5.28% 6.80% 9.41% 3.73% 1.02% 3.49% 16.06% -4.88% 26.83% -4.92% 21.37% -11.65% 13.79% 4.86% 24.24% -14.09% 14.07% 4.23% 20.51% -9.86% 30.14% -36.73% -2.55% -7.93% 0.95% 0.19% 21.68% -5.55% 2.24% 10.77% 15.09% -11.05% 17.50% -0.55% 18.58% -15.15% 8.91% 4.58% 26.93% -23.68% 17.85% 4.88% 20.22% -13.61% 7.20% 1.92% -2.41% -9.31% 14.77% 8.32% 27.90% -23.39% 7.42% 12.91% -0.08% 0.51% 4.86% 8.49% 1.67% 9.07% 2.37% 11.70% 5.76% 2.01% 12.32% 0.48%  
      operating margin %
    		22.05% 23.07% 23.09% 22.60% 22.02% 21.57% 21.81% 21.89% 20.10% 20.23% 20.66% 22.84% 20.85% 24.03% 22.61% 22.79% 20.15% 22.58% 21.38% 20.73% 19.21% 20.90% 17.71% 23.10% 21.92% 22.26% 22.43% 23.11% 21.01% 21.74% 21.77% 21.26% 19.67% 21.23% 19.44% 20.76% 18.80% 20.94% 19.62% 19.05% 17.18% 20.98% 19.48% 19.14% 17.30% 18.38% 17.22% 17.42% 18.88% 19.33% 18.12% 18.80% 16.14% 18.81% 18.79% 17.38% 17.70% 17.92% 18.10% 17.84% 18.58% 17.52% 18.32% 16.87% 18.11% 16.75% 15.98% 16.38% 
      interest expense
    		-29,486,000 -32,853,000 -31,701,000 -32,865,000 -32,458,000 -35,406,000 -36,788,000 -38,512,000 -38,607,000 -43,423,000 -12,120,000 -11,373,000 -6,068,000 -3,205,000 -1,406,000 -979,000 -796,000 -1,037,000 -1,717,000 -2,083,000 -2,448,000 -2,515,000 -2,602,000 -3,759,000 -4,283,000 -5,199,000 -5,523,000 -5,484,000 -5,489,000 -5,060,000 -5,212,000 -4,904,000 -4,725,000 -3,414,000 -2,447,000 -1,960,000 -1,969,000 -2,078,000 -2,294,000 -2,333,000 -1,567,000 -1,280,000 -1,088,000 -1,146,000 -1,112,000 -1,275,000 -1,444,000 -1,441,000 -1,281,000 -1,177,000 -1,097,000 -803,000 -640,000 -616,000 -552,000 -654,000 -610,000 -43,000 -7,000 -38,000 -54,000 930,000 -136,000 -167,000 -119,000 -131,000 -177,000 -112,000 
      other income
    		1,044,000 1,216,000 1,662,000 636,000 919,000 646,000 659,000 460,000 679,000 1,040,000 906,000 343,000 639,000 -120,000 145,000 314,000 226,000 264,000 162,000 306,000 711,000 432,000 632,000 107,000 195,000 19,000 268,000 2,484,000 -332,000 -56,000 -112,000 -250,000 360,000 257,000 200,000 151,000 484,000 -177,000 16,000 568,000 -430,000 -441,000 -184,000 362,000 197,000 34,000 83,000 350,000 158,000 383,000 59,000 161,000 285,000 123,000 -131,000 177,000 144,000 -85,000 -57,000 151,000 55,000 -2,000 -31,000 268,000 155,000 19,000 184,000 49,000 
      income before income taxes and noncontrolling interests
    		231,457,000 247,385,000 234,980,000 215,923,000 195,266,000 183,886,000 180,317,000 171,101,000 142,282,000 147,065,000 138,153,000 146,060,000 124,005,000 143,173,000 127,486,000 122,112,000 98,252,000 114,256,000 99,283,000 94,971,000 78,548,000 86,980,000 66,464,000 104,509,000 106,902,000 115,373,000 114,159,000 116,183,000 92,126,000 98,581,000 96,099,000 86,411,000 75,195,000 86,287,000 73,875,000 74,733,000 63,065,000 73,821,000 67,576,000 65,029,000 50,624,000 67,231,000 57,238,000 55,004,000 45,491,000 52,478,000 48,752,000 48,080,000 49,262,000 54,763,000 47,368,000 44,046,000 34,584,000 45,113,000 41,772,000 37,124,000 37,166,000 37,312,000 35,642,000 33,026,000 32,373,000    24,580,000    
      income tax expense
    		26,700,000 44,600,000 44,300,000 45,400,000 13,700,000 33,000,000 32,500,000 36,200,000 16,800,000 33,500,000 25,400,000 31,000,000 21,000,000 33,000,000 34,400,000 29,000,000 4,000,000 20,900,000 15,600,000 18,500,000 2,300,000 19,400,000 8,900,000 23,600,000 -22,900,000 22,800,000 25,100,000 26,100,000 4,100,000 24,500,000 22,200,000 20,400,000 3,500,000 27,200,000 22,400,000 23,900,000 16,800,000 24,300,000 20,600,000 21,300,000 14,700,000 23,200,000 18,300,000 16,500,000 13,400,000 16,400,000 11,400,000 15,300,000 16,700,000 19,000,000 12,600,000 15,000,000 9,600,000 15,800,000 13,100,000 12,900,000 12,700,000 12,900,000 9,250,000 10,900,000 9,850,000 6,750,000 9,300,000 9,150,000 8,550,000 8,669,000 6,511,000 6,960,000 
      net income from consolidated operations
    		204,757,000 202,785,000 190,680,000 170,523,000 181,566,000 150,886,000 147,817,000 134,901,000 125,482,000 113,565,000 112,753,000 115,060,000 103,005,000 110,173,000 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 28,672,000 24,224,000 24,466,000 24,412,000 26,392,000 22,126,000 22,523,000 13,116,000 19,526,000 16,908,000 16,030,000    
      less: net income attributable to noncontrolling interests
    		14,569,000 14,489,000 13,339,000 13,730,000 13,611,000 11,198,000 11,240,000 11,755,000 10,784,000 10,139,000 10,730,000 9,940,000 9,978,000 12,969,000 10,546,000 8,102,000 7,331,000 7,294,000 6,794,000 5,798,000 5,652,000 5,253,000 3,248,000 5,456,000 7,914,000 6,889,000 7,961,000 8,301,000 8,694,000 6,704,000 6,813,000 6,393,000 6,543,000 5,413,000 5,777,000 5,147,000 5,338,000 5,259,000 4,974,000 5,072,000 4,653,000 5,781,000 4,569,000 5,399,000 4,451,000 3,973,000 3,986,000 4,413,000 5,107,000 5,972,000 5,821,000 5,346,000 5,026,000 5,522,000 5,544,000 5,181,000 5,281,000 5,898,000 5,990,000 5,296,000 5,449,000    -4,237,000    
      net income attributable to heico
    		190,188,000 188,296,000 177,341,000 156,793,000 167,955,000 139,688,000 136,577,000 123,146,000 114,698,000 103,426,000 102,023,000 105,120,000 93,027,000 97,204,000 82,540,000 85,010,000 86,921,000 86,062,000 76,889,000 70,673,000 70,596,000 62,327,000 54,316,000 75,453,000 121,888,000 85,684,000 81,098,000 81,782,000 79,332,000 67,377,000 67,086,000 59,618,000 65,152,000 53,674,000 45,698,000 45,686,000 40,927,000 44,262,000 42,002,000 38,657,000 31,271,000 38,250,000 34,369,000 33,105,000 27,640,000 32,105,000 33,366,000 28,367,000 27,455,000 29,791,000 28,947,000 23,700,000 19,958,000 23,791,000 23,128,000 19,043,000 19,185,000 18,514,000 20,402,000 16,830,000 17,074,000 15,642,000 14,930,000 12,573,000 11,793,000    
      net income per share
    		                                                                    
      basic
    		1.36 1.36 1.27 1.13 1.21 1 0.99 0.89 0.83 0.75 0.74 0.77 0.68 0.72 0.61 0.63 0.64 0.64 0.57 0.52 0.52 0.46 0.4 0.56 0.91 0.63 0.61 0.61 0.6 0.51 0.51 0.56 0.62 0.64 0.54 0.54 0.61 0.66 0.63 0.58 0.47 0.57 0.51 0.5 0.42 0.48 0.5 0.43 0.41 0.17 0.55 0.45 0.38 0.45 0.44 0.36 0.46 0.44 0.49 0.4 0.52    0.45 0.44 0.43 0.4 
      diluted
    		1.35 1.33 1.26 1.12 1.2 1 0.97 0.88 0.82 0.74 0.74 0.76 0.67 0.7 0.6 0.62 0.63 0.63 0.56 0.51 0.51 0.46 0.4 0.55 0.89 0.63 0.59 0.6 0.58 0.5 0.49 0.55 0.6 0.61 0.53 0.53 0.59 0.65 0.62 0.57 0.46 0.57 0.51 0.49 0.41 0.48 0.49 0.42 0.41 0.17 0.54 0.44 0.37 0.45 0.43 0.36 0.45 0.43 0.48 0.4 0.5    0.44 0.43 0.41 0.39 
      weighted-average number of common shares outstanding:
    		                                                                    
      basic
    		139,368 139,048 139,135 139,005 138,837 138,455 138,516 138,386 138,265 137,185 137,006 136,916 136,655 136,010 135,978 135,891 135,635 135,326 135,370 135,294 135,210 134,754 134,837 134,669 134,523 133,640 133,970 133,313 132,933 132,543 132,794 105,940 105,639 84,290 84,343 84,221 67,314 67,045 67,126 66,923 66,875 66,740 66,813 66,711 66,595 66,463 66,497 66,437 66,393 66,298 53,074 53,035 52,951 52,689 52,695 52,648 42,089 41,632,074 41,729,088 41,627,329 33,087,674        
      diluted
    		141,029 140,771 140,950 140,599 140,484 140,198 140,305 140,059 139,893 138,905 138,668 138,600 138,579 138,037 137,837 137,867 137,966 137,854 137,957 137,814 137,742 137,302 137,234 137,117 137,421 137,350 137,634 137,206 136,978 136,696 136,733 109,271 109,112 86,776 86,893 86,637 69,123 68,170 68,278 68,028 67,940 67,811 67,901 67,801 67,669 67,453 67,474 67,455 67,352 66,982 53,612 53,498 53,439 53,299 53,288 53,296 42,628 42,501,252 42,569,633 42,482,719 33,908,223        
      cash dividends per share
    		                             0.029 0.06  0.07 0.038 0.08  0.09 0.04 0.08  0.08 0.035 0.07  0.07 0.118 0.06  0.41 0.568 0.07  2.2 0.027 0.06  0.06 0.027 0.06  0.06  0.06  0.06 0.03 0.06  
      the accompanying notes are an integral part of these condensed consolidated financial statements.
    		                                                                    
      income before income taxes and noncontrolling
    		                                                                    
      interests
    		                                                             19,866,000 28,826,000 26,058,000     
      less: net income attributable to noncontrolling
    		                                                                    
      net income per share
    		                                                                    
      shareholders:
    		                                                                    
      basic
    		                                                             0.3 0.45 0.38     
      diluted
    		                                                             0.29 0.44 0.37     
      weighted average number of common shares
    		                                                                    
      outstanding:
    		                                                                    
      basic
    		                                                             8,198,284.25 32,917,530 32,778,292     
      diluted
    		                                                             8,438,353.5 33,797,471 33,760,854     
      weighted average number of common shares outstanding:
    		                                                                    
      basic
    		                                                             32,833,000   26,146,872 26,204,799 26,082,914 26,224,248 
      diluted
    		                                                             33,771,000   26,961,534 27,024,031 26,906,290 27,012,501 
      income before income taxes and minority interests
    		                                                                 23,949,000 21,429,000 21,256,000 
      income before minority interests
    		                                                                 15,280,000 14,918,000 14,296,000 
      minority interests’ share of income
    		                                                                 3,644,000 3,786,000 3,755,000 
      net income
    		                                                                 11,636,000 11,132,000 10,541,000 
      yoy
    		                                                                    
      qoq
    		                                                                 4.53% 5.61%  
      net income margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 8.10% 8.30% 8.10% 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-01-31 2025-10-31 2025-07-31 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 2012-07-31 2012-04-30 2012-01-31 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 2009-04-30 
                                                                          
        assets
      		                                                                    
        current assets:
      		                                                                    
        cash and cash equivalents
      		260,971,000 217,781,000 261,888,000 242,309,000 165,467,000 162,103,000 202,940,000 204,161,000 196,323,000 171,048,000 694,263,000 127,161,000 142,619,000 139,504,000 133,605,000 117,318,000 124,818,000 108,298,000 269,816,000 385,444,000 399,403,000 406,852,000 395,278,000 346,786,000 63,971,000 57,001,000 59,023,000 64,091,000 57,856,000 59,599,000 66,981,000 48,227,000 65,688,000 52,066,000 49,489,000 36,732,000 45,905,000 42,955,000 27,191,000 36,789,000 29,886,000 33,603,000 31,697,000 20,679,000 18,372,000 20,229,000 20,944,000 21,402,000 15,239,000 15,499,000 12,771,000 16,878,000 19,089,000 21,451,000 13,965,000 22,262,000 23,091,000 17,500,000 27,588,000 7,760,000 13,865,000 6,543,000 11,037,000 10,525,000 7,524,000 7,167,000 6,948,000 9,448,000 
        accounts receivable
      		652,024,000 637,615,000 597,622,000 591,404,000 523,268,000 538,487,000 525,750,000 504,362,000 471,697,000 509,075,000 355,491,000 361,057,000 325,764,000 294,848,000 273,151,000 269,850,000 227,828,000 244,919,000 209,001,000 215,736,000 202,318,000 210,433,000 181,134,000 230,884,000 252,050,000 274,326,000 259,321,000 259,470,000 237,800,000 251,469,000 249,326,000 238,233,000 210,278,000 222,456,000 206,405,000 213,107,000 176,029,000 202,227,000 189,617,000 179,207,000 173,915,000 181,593,000 150,930,000 152,663,000 152,866,000 149,669,000 149,160,000 165,053,000 150,214,000 157,022,000 139,401,000 126,856,000 110,258,000 122,214,000 113,747,000 114,427,000 108,012,000 106,414,000 100,422,000 100,569,000 92,047,000 91,815,000 84,078,000 79,232,000 74,491,000 77,864,000 72,161,000 71,984,000 
        contract assets
      		116,900,000 119,257,000 132,963,000 124,683,000 118,213,000 112,235,000 104,412,000 110,158,000 108,888,000 111,702,000 102,832,000 103,448,000 101,540,000 93,978,000 86,534,000 79,598,000 82,238,000 80,073,000 62,400,000 59,881,000 57,876,000 60,429,000 59,113,000 56,033,000 44,823,000 43,132,000 47,238,000 48,968,000 47,093,000                                        
        inventories
      		1,338,421,000 1,295,336,000 1,310,393,000 1,244,497,000 1,218,711,000 1,170,949,000 1,124,765,000 1,088,101,000 1,068,735,000 1,013,680,000 731,966,000 721,569,000 697,495,000 582,471,000 545,943,000 519,498,000 503,506,000 478,050,000 457,172,000 462,586,000 462,854,000 463,205,000 473,104,000 457,819,000 441,250,000 420,319,000 416,314,000 410,328,000 406,348,000 401,553,000 391,788,000 382,669,000 367,395,000 343,628,000 340,471,000 325,661,000 301,120,000 286,302,000 286,679,000 282,140,000 273,494,000 243,517,000 236,235,000 231,035,000 227,970,000 218,042,000 221,129,000 225,021,000 224,109,000 218,893,000 216,256,000 199,501,000 195,089,000 189,704,000 192,887,000 187,395,000 183,786,000 164,967,000 155,569,000 153,676,000 149,445,000 138,215,000 140,712,000 144,557,000 141,640,000 137,585,000 145,496,000 142,508,000 
        prepaid expenses and other current assets
      		111,298,000 86,377,000 83,161,000 80,456,000 77,059,000 78,518,000 69,068,000 61,919,000 66,716,000 49,837,000 47,372,000 53,404,000 51,381,000 41,929,000 42,540,000 46,461,000 36,172,000 26,045,000 32,626,000 39,774,000 26,648,000 24,706,000 32,115,000 33,991,000 22,616,000 18,953,000 20,688,000 19,710,000 30,328,000 21,187,000 20,063,000 25,597,000 19,071,000 13,742,000 16,294,000 12,810,000 13,197,000 11,674,000 11,308,000 12,030,000 12,691,000 9,369,000 9,850,000 15,099,000 11,964,000 8,868,000 9,905,000 21,237,000 14,033,000 17,022,000 9,687,000 9,365,000 9,493,000 6,997,000 7,478,000 8,491,000 10,820,000 5,471,000 6,307,000 7,006,000 6,744,000 3,769,000 5,364,000 5,753,000 5,641,000 4,290,000 10,446,000 5,848,000 
        total current assets
      		2,479,614,000 2,356,366,000 2,386,027,000 2,283,349,000 2,102,718,000 2,062,292,000 2,026,935,000 1,968,701,000 1,912,359,000 1,855,342,000 1,931,924,000 1,366,639,000 1,318,799,000 1,152,730,000 1,081,773,000 1,032,725,000 974,562,000 937,385,000 1,031,015,000 1,163,421,000 1,149,099,000 1,165,625,000 1,140,744,000 1,125,513,000 824,710,000 813,731,000 802,584,000 802,567,000 779,425,000 733,808,000 728,158,000 694,726,000 662,432,000 631,892,000 655,929,000 629,835,000 575,205,000 584,221,000 553,668,000 545,998,000 523,429,000 503,612,000 462,862,000 452,487,000 443,435,000 431,293,000 433,286,000 462,711,000 434,597,000 441,472,000 408,113,000 380,113,000 359,695,000 367,911,000 355,155,000 357,210,000 348,481,000 316,638,000 309,887,000 288,226,000 280,361,000 259,249,000 259,725,000 257,252,000 245,799,000 243,577,000 250,357,000 243,230,000 
        property, plant and equipment
      		448,992,000 431,710,000 437,635,000 359,320,000 348,838,000 339,034,000 330,254,000 326,740,000 327,661,000 321,848,000 285,033,000 273,856,000 274,403,000 225,879,000 202,844,000 193,558,000 194,604,000 193,638,000 179,101,000 177,315,000 177,968,000 168,848,000 170,340,000 171,399,000 172,299,000 173,345,000 173,182,000 169,792,000 169,279,000 154,739,000 154,614,000 148,114,000 133,115,000 129,883,000 129,905,000 126,402,000 121,881,000 121,611,000 118,935,000 117,663,000 112,686,000 105,670,000 103,175,000 104,493,000 104,223,000 93,865,000 95,130,000 95,502,000 96,802,000 97,737,000 90,863,000 82,509,000 81,800,000 80,518,000 78,828,000 78,595,000 77,126,000 67,074,000 56,987,000 57,759,000 58,134,000 59,003,000 59,803,000 60,411,000 60,063,000 60,528,000 60,496,000 60,127,000 
        goodwill
      		3,905,669,000 3,661,624,000 3,646,106,000 3,530,154,000 3,491,472,000 3,380,295,000 3,291,962,000 3,285,468,000 3,290,494,000 3,274,327,000 2,026,279,000 2,031,235,000 1,994,347,000 1,672,425,000 1,541,477,000 1,511,466,000 1,446,250,000 1,450,395,000 1,402,876,000 1,400,048,000 1,388,046,000 1,383,167,000 1,320,047,000 1,300,187,000 1,301,316,000 1,268,703,000 1,263,473,000 1,187,281,000 1,170,401,000 1,114,832,000 1,102,352,000 1,104,555,000 1,090,864,000 1,081,306,000 921,978,000 912,539,000 864,658,000 865,717,000 865,533,000 868,569,000 863,916,000 766,639,000 713,127,000 712,043,000 712,753,000 686,271,000 689,323,000 688,088,000 687,044,000 688,489,000 619,571,000 542,236,000 543,932,000 542,114,000 531,594,000 535,257,000 516,246,000 443,402,000 392,439,000 391,339,000 389,202,000 385,016,000 380,709,000 381,122,000 366,415,000 365,243,000 348,005,000 331,205,000 
        intangible assets
      		1,642,001,000 1,471,440,000 1,513,525,000 1,433,631,000 1,446,616,000 1,334,774,000 1,299,870,000 1,333,337,000 1,365,682,000 1,357,281,000 822,545,000 844,319,000 873,722,000 733,327,000 638,550,000 624,917,000 566,090,000 582,307,000 545,800,000 557,550,000 565,921,000 579,041,000 542,674,000 540,623,000 556,718,000 550,693,000 561,547,000 533,370,000 529,191,000 506,360,000 516,454,000 532,263,000 530,987,000 538,081,000 390,926,000 388,366,000 357,123,000 366,863,000 376,828,000 386,651,000 391,907,000 272,593,000 220,514,000 223,304,000 231,140,000 200,810,000 214,179,000 227,517,000 234,170,000 241,558,000 207,098,000 145,658,000 150,786,000 154,324,000 147,210,000 153,113,000 145,542,000 78,157,000 59,496,000 61,395,000 63,100,000 49,487,000 51,949,000 54,037,000 40,028,000 41,588,000 34,834,000 22,366,000 
        other assets
      		567,420,000 579,294,000 548,330,000 485,722,000 501,067,000 476,427,000 473,415,000 451,599,000 439,873,000 386,265,000 387,521,000 354,150,000 343,349,000 311,135,000 322,707,000 322,667,000 332,389,000 334,682,000 302,843,000 296,834,000 284,550,000 251,030,000 249,445,000 227,113,000 242,078,000 162,739,000 159,502,000 160,630,000 148,718,000 143,657,000 153,261,000 148,223,000 153,044,000 131,269,000 124,985,000 120,197,000 112,283,000 100,656,000 101,766,000 97,551,000 88,906,000 87,026,000 87,762,000 87,060,000 82,896,000 75,912,000 73,848,000 72,131,000 69,424,000 61,968,000 58,704,000 56,199,000 53,700,000 45,487,000 43,874,000 44,876,000 42,836,000 33,424,000 35,933,000 36,188,000 34,703,000 28,888,000 25,853,000 27,076,000 25,527,000 21,974,000 19,758,000 17,564,000 
        total assets
      		9,043,696,000 8,500,434,000 8,531,623,000 8,092,176,000 7,890,711,000 7,592,822,000 7,422,436,000 7,365,845,000 7,336,069,000 7,195,063,000 5,453,302,000 4,870,199,000 4,804,620,000 4,095,496,000 3,787,351,000 3,685,333,000 3,513,895,000 3,498,407,000 3,461,635,000 3,595,168,000 3,565,584,000 3,547,711,000 3,423,250,000 3,364,835,000 3,097,121,000 2,969,211,000 2,960,288,000 2,853,640,000 2,797,014,000 2,653,396,000 2,654,839,000 2,627,881,000 2,570,442,000 2,512,431,000 2,223,723,000 2,177,339,000 2,031,422,000 2,039,475,000 2,017,320,000 2,017,112,000 1,981,500,000 1,736,387,000 1,588,414,000 1,580,594,000 1,575,260,000 1,489,214,000 1,507,123,000 1,547,442,000 1,523,566,000 1,533,015,000 1,386,665,000 1,209,215,000 1,192,521,000 1,192,846,000 1,159,199,000 1,171,515,000 1,132,499,000 941,069,000 854,742,000 834,907,000 825,500,000 781,643,000 778,039,000 779,898,000 737,832,000 732,910,000 713,450,000 674,492,000 
        liabilities and equity
      		                                                                    
        current liabilities:
      		                                                                    
        current maturities of long-term debt
      		3,396,000 3,358,000 3,725,000 3,789,000 3,950,000        1,615,000 1,654,000 1,734,000 1,781,000 1,484,000 1,515,000 1,493,000 1,111,000 1,089,000 1,045,000 1,073,000 1,025,000 932,000 906,000 860,000 858,000 865,000 859,000 929,000 480,000 485,000 451,000 450,000 407,000 397,000 411,000 335,000 355,000 346,000 357,000 343,000 346,000 363,000 418,000 466,000 519,000 1,148,000 697,000 663,000 614,000 657,000 626,000 304,000 318,000 313,000 335,000 45,000 50,000 91,000 148,000 199,000 251,000 240,000 237,000 233,000 222,000 
        trade accounts payable
      		240,984,000 231,040,000 230,633,000 230,372,000 208,141,000 198,429,000 207,463,000 194,875,000 194,894,000 205,893,000 139,515,000 147,708,000 134,836,000 116,551,000 108,441,000 97,089,000 89,005,000 85,544,000 80,611,000 87,467,000 78,292,000 76,237,000 80,548,000 108,397,000 95,385,000 106,225,000 97,891,000 101,777,000 89,545,000 107,219,000 99,955,000 94,373,000 81,129,000 89,724,000 78,795,000 73,625,000 66,949,000 73,335,000 65,312,000 63,193,000 59,861,000 64,682,000 53,035,000 56,092,000 55,162,000 57,157,000 48,680,000 56,370,000 51,837,000 54,855,000 54,089,000 41,944,000 42,055,000 50,083,000 41,746,000 43,511,000 41,046,000 43,547,000 34,788,000 36,722,000 33,601,000 28,604,000 28,290,000 27,860,000 28,146,000 26,978,000 29,512,000 25,727,000 
        accrued expenses and other current liabilities
      		534,458,000 577,624,000 467,945,000 382,951,000 359,531,000 427,781,000 399,485,000 353,874,000 381,837,000 433,101,000 315,606,000 296,159,000 290,693,000 290,199,000 233,812,000 203,289,000 181,361,000 206,857,000 179,515,000 167,563,000 151,788,000 162,232,000 146,288,000 145,345,000 144,472,000 178,957,000 168,901,000 148,235,000 133,705,000 171,514,000 152,499,000 135,200,000 132,570,000 147,612,000 147,857,000 135,376,000 117,578,000 136,053,000 115,938,000 89,759,000 86,242,000 100,155,000 91,390,000 82,090,000 80,858,000 92,578,000 86,067,000 79,982,000 77,175,000 105,734,000 84,362,000 68,788,000 57,774,000 76,241,000 68,678,000 71,628,000 58,361,000 76,376,000 56,003,000 46,957,000 45,966,000 52,101,000 38,292,000 37,180,000 31,500,000 36,978,000 30,267,000 35,158,000 
        income taxes payable
      		31,762,000 19,982,000 9,013,000 47,746,000 46,717,000 33,534,000 3,549,000 6,032,000 22,625,000 8,547,000 7,149,000 4,101,000 26,352,000 12,455,000 2,458,000 2,033,000 2,030,000 964,000 598,000 617,000 3,506,000 1,647,000 1,733,000 1,586,000 2,742,000 3,050,000 1,484,000   2,837,000 1,374,000  14,872,000 11,650,000  2,570,000 11,796,000 4,622,000 4,672,000 8,521,000 9,001,000 3,193,000 2,062,000 2,464,000 8,772,000 2,067,000 494,000  14,443,000  2,776,000 7,078,000 2,088,000 4,564,000 3,678,000 9,890,000  3,132,000 3,102,000 6,621,000 1,531,000 979,000 1,196,000 240,000 5,516,000 1,320,000  439,000 
        total current liabilities
      		810,600,000 832,004,000 711,316,000 664,858,000 618,339,000 663,851,000 614,705,000 559,163,000 604,095,000 665,342,000 479,047,000 466,828,000 453,496,000 420,859,000 346,445,000 304,192,000 273,880,000 294,880,000 262,217,000 256,758,000 234,675,000 241,161,000 229,642,000 256,353,000 243,531,000 289,138,000 269,136,000 250,870,000 224,115,000 282,429,000 254,757,000 230,053,000 229,056,000 249,437,000 227,102,000 211,978,000 196,720,000 214,421,000 186,257,000 161,828,000 155,450,000 168,387,000 146,830,000 140,992,000 145,155,000 152,220,000 135,707,000 136,871,000 144,603,000 161,286,000 141,890,000 118,424,000 102,574,000 131,514,000 114,406,000 125,347,000 99,720,000 123,390,000 93,938,000 90,350,000 81,189,000 81,832,000 67,977,000 65,531,000 65,402,000 65,513,000 60,012,000 61,546,000 
        long-term debt
      		2,504,285,000 2,164,587,000 2,443,898,000 2,274,362,000 2,349,681,000 2,225,267,000 2,254,889,000 2,385,267,000 2,495,726,000 2,460,277,000 1,198,484,000 735,779,000 781,174,000 288,620,000 244,023,000 264,095,000 235,650,000 234,983,000 385,380,000 583,352,000 668,595,000 738,786,000 739,016,000 739,188,000 567,864,000 561,049,000 639,304,000 555,525,000 607,656,000 531,611,000 622,889,000 683,362,000 668,527,000 673,528,000 434,312,000 460,465,000 416,932,000 457,814,000 509,570,000 562,575,000 594,575,000 367,241,000 299,126,000 326,471,000 354,552,000 328,691,000 385,867,000 436,074,000 378,137,000 376,818,000 318,876,000 227,932,000 254,224,000 131,194,000 152,615,000 174,400,000 190,467,000 39,823,000 55,000 7,055,000 24,074,000 14,073,000 47,093,000 64,100,000 43,159,000 55,194,000 56,255,000 37,274,000 
        deferred income taxes
      		148,056,000 107,186,000 127,097,000 100,401,000 108,780,000 114,156,000 117,033,000 119,987,000 128,203,000 131,846,000 83,357,000 94,468,000 113,477,000 71,162,000 48,192,000 42,629,000 40,243,000 40,761,000 38,868,000 47,409,000 47,598,000 55,658,000 45,869,000 49,749,000 29,835,000 51,496,000 51,626,000 55,511,000 59,133,000 46,644,000 46,469,000 46,875,000 42,526,000  43,270,000 41,525,000 38,954,000 41,063,000 38,873,000 35,832,000 33,443,000 35,530,000 34,150,000 33,011,000 32,263,000 34,485,000 32,148,000 29,998,000 31,002,000 33,036,000 29,998,000 27,513,000 25,766,000 27,545,000 27,078,000 24,635,000 22,772,000 22,286,000 20,001,000 19,215,000 18,260,000 18,907,000 18,534,000 17,185,000 16,503,000 16,671,000 15,306,000 13,442,000 
        other long-term liabilities
      		535,026,000 550,124,000 599,272,000 580,777,000 579,100,000 525,986,000 509,632,000 490,253,000 425,541,000 379,640,000 389,335,000 367,624,000 372,012,000 338,948,000 359,713,000 350,016,000 363,777,000 378,257,000 330,400,000 324,493,000 312,332,000 280,291,000 252,372,000 233,518,000 250,751,000 184,604,000 179,494,000 178,120,000 165,360,000 157,658,000 166,803,000 164,050,000 167,964,000 151,025,000 131,893,000 132,804,000 127,043,000 114,061,000 113,630,000 116,110,000 107,652,000 105,618,000 106,437,000 105,528,000 109,351,000 82,289,000 86,623,000 97,338,000 90,863,000 83,976,000 67,177,000 63,301,000 62,098,000 52,777,000 51,152,000 51,782,000 40,129,000 33,373,000 37,864,000 38,370,000 36,924,000 30,556,000 27,836,000 30,031,000 27,040,000 23,268,000 20,713,000 17,664,000 
        total liabilities
      		3,997,967,000 3,653,901,000 3,881,583,000 3,620,398,000 3,655,900,000 3,529,260,000 3,496,259,000 3,554,670,000 3,653,565,000 3,637,105,000 2,150,223,000 1,664,699,000 1,720,159,000 1,119,589,000 998,373,000 960,932,000 913,550,000 948,881,000 1,016,865,000 1,212,012,000 1,263,200,000 1,315,896,000 1,266,899,000 1,278,808,000 1,091,981,000 1,086,287,000 1,139,560,000 1,040,026,000 1,056,264,000 1,018,342,000 1,090,918,000 1,124,340,000 1,108,073,000 1,133,016,000 900,173,000 913,676,000 843,928,000 892,258,000 917,144,000 950,291,000 968,146,000 751,834,000 667,011,000 688,279,000 726,914,000 674,629,000 723,724,000 792,392,000 737,822,000 750,562,000 643,369,000 499,315,000 508,759,000 405,921,000 409,524,000 440,510,000 419,169,000 255,485,000 178,527,000 181,470,000 187,154,000 171,769,000 186,032,000 202,067,000 177,171,000 185,315,000 178,506,000 156,696,000 
        commitments and contingencies
      		                                                                    
        redeemable noncontrolling interests
      		464,581,000 467,358,000 437,587,000 436,471,000 424,083,000 366,156,000 329,271,000 368,369,000 365,865,000 364,807,000 343,883,000 345,833,000 340,287,000 327,601,000 296,994,000 303,927,000 258,289,000 252,587,000 224,684,000 223,266,000 222,225,000 221,208,000 204,139,000 196,507,000 195,893,000 188,264,000 178,353,000 151,450,000 138,995,000 132,046,000 133,599,000 134,034,000 132,355,000 131,123,000 126,881,000 125,132,000 98,902,000 99,512,000 87,906,000 88,380,000 91,136,000 91,282,000 64,821,000 63,914,000 64,409,000 39,966,000 38,105,000 37,833,000 58,003,000 59,218,000 52,444,000 51,218,000 51,218,000 67,166,000 59,096,000 59,096,000 66,217,000 65,430,000 53,979,000 53,955,000 61,196,000 55,048,000 56,053,000 56,121,000 56,937,000    
        shareholders’ equity:
      		                                                                    
        preferred stock, .01 par value per share...
      		                                                                    
        common stock, .01 par value per share...
      		551,000 551,000 551,000 550,000 550,000 550,000 548,000 548,000 548,000 547,000 547,000 547,000 547,000 545,000 545,000 545,000 545,000 543,000 542,000 542,000 542,000 542,000 542,000 542,000 541,000 541,000 538,000 538,000 534,000 534,000 534,000 427,000 422,000 338,000 338,000 338,000 270,000 270,000 270,000 270,000 269,000 269,000 269,000 269,000 269,000 268,000 268,000 268,000 268,000 268,000 214,000 214,000 214,000 213,000 213,000 213,000 171,000 171,000 167,000 167,000 133,000       104,000 
        class a common stock, .01 par value per share...
      		843,000 842,000 842,000 840,000 839,000 838,000 837,000 836,000 836,000 835,000 823,000 823,000 822,000 821,000 815,000 814,000 814,000 812,000 812,000 811,000 811,000 809,000 807,000 806,000 805,000 804,000 803,000 800,000 796,000 796,000 795,000 635,000 635,000 507,000 506,000 506,000 404,000 403,000 403,000 401,000 400,000 400,000 399,000 399,000 398,000 397,000 397,000 397,000 396,000 396,000 317,000 316,000 316,000 315,000 314,000 313,000 250,000 250,000 250,000 250,000 199,000     157,000  157,000 
        capital in excess of par value
      		659,868,000 650,667,000 650,314,000 637,981,000 618,622,000 599,399,000 613,682,000 598,699,000 585,888,000 578,809,000 406,442,000 398,991,000 388,603,000 397,337,000 317,365,000 311,053,000 302,104,000 320,747,000 315,601,000 311,995,000 301,107,000 299,930,000 301,532,000 297,324,000 287,779,000 284,609,000 309,058,000 310,201,000 324,395,000 320,994,000 317,089,000 311,710,000 329,908,000 326,544,000 322,024,000 317,049,000 309,901,000 306,328,000 302,730,000 296,689,000 289,810,000 286,220,000 283,490,000 280,608,000 274,305,000 269,351,000 266,029,000 263,374,000 259,155,000 255,889,000 253,872,000 251,043,000 248,817,000 244,632,000 242,125,000 241,193,000 240,167,000 226,120,000 234,078,000 233,124,000 232,151,000 227,993,000 227,215,000 227,150,000 225,759,000 224,625,000 224,074,000 224,168,000 
        deferred compensation obligation
      		8,096,000 8,096,000 7,272,000 7,272,000 7,272,000 7,272,000 6,318,000 6,318,000 6,318,000 6,318,000 6,318,000 6,171,000 6,171,000 5,297,000 5,297,000 5,297,000 5,297,000 5,297,000 4,777,000 4,777,000 4,777,000 4,886,000 4,232,000 4,232,000 4,232,000 4,232,000 3,429,000 4,043,000 4,043,000 3,928,000 3,118,000 3,118,000 3,118,000 3,118,000 2,320,000 2,320,000 2,320,000 2,460,000 1,635,000 1,635,000 1,635,000 1,783,000 1,296,000 1,296,000 1,296,000 1,138,000 1,138,000 1,138,000 1,138,000 1,138,000 928,000 928,000 928,000 823,000 522,000 522,000 522,000 522,000           
        heico stock held by irrevocable trust
      		-8,096,000 -8,096,000 -7,272,000 -7,272,000 -7,272,000 -7,272,000 -6,318,000 -6,318,000 -6,318,000 -6,318,000 -6,318,000 -6,171,000 -6,171,000 -5,297,000 -5,297,000 -5,297,000 -5,297,000 -5,297,000 -4,777,000 -4,777,000 -4,777,000 -4,886,000 -4,232,000 -4,232,000 -4,232,000 -4,232,000 -3,429,000 -4,043,000 -4,043,000 -3,928,000 -3,118,000 -3,118,000 -3,118,000 -3,118,000 -2,320,000 -2,320,000 -2,320,000 -2,460,000 -1,635,000 -1,635,000 -1,635,000 -1,783,000 -1,296,000 -1,296,000 -1,296,000 -1,138,000 -1,138,000 -1,138,000 -1,138,000 -1,138,000 -928,000 -928,000 -928,000 -823,000 -522,000 -522,000 -522,000 -522,000           
        accumulated other comprehensive income
      		18,206,000 5,581,000 882,000                 1,674,000 2,129,000            4,417,000             -8,289,000 -2,571,000 -507,000 -2,318,000 144,000    -3,572,000 -7,380,000 -1,351,000 -2,543,000 3,033,000 1,556,000 1,743,000 312,000   135,000     
        retained earnings
      		3,823,219,000 3,647,678,000 3,488,777,000 3,328,591,000 3,180,102,000 3,062,166,000 2,953,854,000 2,825,021,000 2,705,128,000 2,605,984,000 2,523,212,000 2,435,155,000 2,328,523,000 2,253,932,000 2,171,333,000 2,100,178,000 2,018,990,000 1,949,521,000 1,873,239,000 1,812,798,000 1,744,247,000 1,688,045,000 1,623,285,000 1,583,646,000 1,508,784,000 1,397,327,000 1,322,383,000 1,251,699,000 1,174,811,000 1,091,183,000 1,024,739,000 964,571,000 904,030,000 844,247,000 797,621,000 756,408,000 717,764,000 681,704,000 649,131,000 613,072,000 574,233,000 548,054,000 516,007,000 486,534,000 451,205,000 437,757,000 408,148,000 378,875,000 349,741,000 349,649,000 326,000,000 301,088,000 277,593,000 375,085,000 355,163,000 334,582,000 315,085,000 299,497,000 292,242,000 273,364,000 256,123,000 240,913,000 225,206,000 212,524,000 199,406,000 234,348,000 222,712,000 213,145,000 
        total heico shareholders’ equity
      		4,502,687,000 4,305,319,000 4,141,366,000 3,967,551,000 3,746,527,000 3,636,877,000 3,539,976,000 3,389,427,000 3,266,438,000 3,145,995,000 2,914,367,000 2,817,890,000 2,699,137,000 2,606,136,000 2,452,131,000 2,382,036,000 2,305,491,000 2,263,071,000 2,186,929,000 2,127,820,000 2,048,836,000 1,980,177,000 1,921,715,000 1,858,514,000 1,778,646,000 1,666,542,000 1,615,999,000 1,546,886,000 1,489,467,000 1,398,251,000 1,333,970,000 1,275,827,000 1,239,412,000 1,161,080,000 1,111,922,000 1,049,299,000 1,001,792,000 963,379,000 930,162,000 891,346,000 837,169,000 809,863,000 775,603,000 748,596,000 706,945,000 699,484,000 672,271,000 642,407,000 607,242,000 606,346,000 577,676,000 549,334,000 526,602,000 616,673,000 590,435,000 574,950,000 553,130,000 529,071,000 528,293,000 508,648,000 488,918,000 469,112,000 452,252,000 440,138,000 424,024,000    
        noncontrolling interests
      		78,461,000 73,856,000 71,087,000 67,756,000 64,201,000 60,529,000 56,930,000 53,379,000 50,201,000 47,156,000 44,829,000 41,777,000 45,037,000 42,170,000 39,853,000 38,438,000 36,565,000 33,868,000 33,157,000 32,070,000 31,323,000 30,430,000 30,497,000 31,006,000 30,601,000 28,118,000 26,376,000 115,278,000 112,288,000 104,757,000 96,352,000 93,680,000 90,602,000 87,212,000 84,747,000 89,232,000 86,800,000 84,326,000 82,108,000 87,095,000 85,049,000 83,408,000 80,979,000 79,805,000 76,992,000 75,135,000 73,023,000 74,810,000 120,499,000 116,889,000 113,176,000 109,348,000 105,942,000 103,086,000 100,144,000 96,959,000 93,983,000 91,083,000 93,943,000 90,834,000 88,232,000 85,714,000 83,702,000 81,572,000 79,700,000    
        total shareholders’ equity
      		4,581,148,000 4,379,175,000 4,212,453,000 4,035,307,000 3,810,728,000 3,697,406,000 3,596,906,000 3,442,806,000 3,316,639,000 3,193,151,000 2,959,196,000 2,859,667,000 2,744,174,000 2,648,306,000 2,491,984,000 2,420,474,000 2,342,056,000 2,296,939,000 2,220,086,000 2,159,890,000 2,080,159,000 2,010,607,000 1,952,212,000 1,889,520,000 1,809,247,000 1,694,660,000 1,642,375,000 1,662,164,000 1,601,755,000 1,503,008,000 1,430,322,000 1,369,507,000 1,330,014,000 1,248,292,000 1,196,669,000 1,138,531,000 1,088,592,000 1,047,705,000 1,012,270,000 978,441,000 922,218,000 893,271,000 856,582,000 828,401,000 783,937,000 774,619,000 745,294,000 717,217,000 727,741,000 723,235,000 690,852,000 658,682,000 632,544,000 719,759,000 690,579,000 671,909,000 647,113,000 620,154,000 622,236,000 599,482,000 577,150,000 554,826,000 535,954,000   457,853,000 445,251,000 432,724,000 
        total liabilities and equity
      		9,043,696,000 8,500,434,000 8,531,623,000 8,092,176,000 7,890,711,000 7,592,822,000 7,422,436,000 7,365,845,000 7,336,069,000 7,195,063,000 5,453,302,000 4,870,199,000 4,804,620,000 4,095,496,000 3,787,351,000 3,685,333,000 3,513,895,000 3,498,407,000 3,461,635,000 3,595,168,000 3,565,584,000 3,547,711,000 3,423,250,000 3,364,835,000 3,097,121,000 2,969,211,000 2,960,288,000 2,853,640,000 2,797,014,000 2,653,396,000 2,654,839,000 2,627,881,000 2,570,442,000 2,512,431,000 2,223,723,000 2,177,339,000 2,031,422,000 2,039,475,000 2,017,320,000 2,017,112,000 1,981,500,000 1,736,387,000 1,588,414,000 1,580,594,000 1,575,260,000 1,489,214,000 1,507,123,000 1,547,442,000 1,523,566,000 1,533,015,000 1,386,665,000 1,209,215,000 1,192,521,000 1,192,846,000 1,159,199,000 1,171,515,000 1,132,499,000 941,069,000 854,742,000 834,907,000 825,500,000 781,643,000 778,039,000 779,898,000 737,832,000    
        accumulated other comprehensive loss
      		   -411,000 -53,586,000 -26,076,000 -28,945,000 -35,677,000 -25,962,000 -40,180,000 -16,657,000 -17,626,000 -19,358,000 -46,499,000 -37,927,000 -30,554,000 -16,962,000 -8,552,000 -3,265,000   -9,149,000 -4,451,000 -23,804,000 -19,263,000 -16,739,000 -16,783,000 -16,352,000 -11,069,000 -15,256,000 -9,187,000 -1,516,000  -10,556,000 -8,567,000 -25,002,000 -26,547,000 -25,326,000 -22,372,000 -19,086,000 -27,543,000 -25,080,000 -24,562,000 -19,214,000 -19,232,000      -2,727,000 -3,327,000 -338,000         -124,000 -498,000  -1,402,000 -1,381,000 -1,796,000 -4,850,000 
        short-term debt and current maturities of long-term debt
      		     4,107,000 4,208,000 4,382,000 4,739,000 17,801,000 16,777,000 18,860,000                                                         
        the accompanying notes are an integral part of these condensed consolidated financial statements.
      		                                                                    
        2
      		                                                                    
        authorized; 300,000 shares designated as series b junior
      		                                                                    
        participating preferred stock and 300,000 shares designated
      		                                                                    
        as series c junior participating preferred stock; none issued
      		                                                                    
        13,126,005 and 13,011,426 shares issued and outstanding
      		                                                             131,000       
        shares authorized; 19,863,572 and 19,641,543 shares issued
      		                                                                    
        and outstanding
      		                                                             199,000       
        13,126,005 and 13,011,426 shares issued and outstanding, respectively
      		                                                              131,000      
        shares authorized; 19,815,122 and 19,641,543 shares issued
      		                                                                    
        and outstanding, respectively
      		                                                              198,000 198,000 157,000  157,000  
        13,063,518 and 13,011,426 shares issued and outstanding, respectively
      		                                                               131,000     
        shares authorized; 19,804,119 and 19,641,543 shares issued
      		                                                                    
        total shareholders' equity
      		                                                               521,710,000 503,724,000    
        10,431,225 and 10,409,141 shares issued and outstanding, respectively
      		                                                                104,000    
        shares authorized; 15,738,448 and 15,713,234 shares issued
      		                                                                    
        liabilities and shareholders’ equity
      		                                                                    
        minority interests in consolidated subsidiaries
      		                                                                 89,742,000 89,693,000 85,072,000 
        common stock
      		                                                                 104,000   
        total liabilities and shareholders’ equity
      		                                                                 732,910,000 713,450,000 674,492,000 
        authorized; 10,395,141 and 10,572,641 shares issued and
      		                                                                    
        outstanding, respectively
      		                                                                  104,000  
        shares authorized; 15,692,374 and 15,829,790 shares issued
      		                                                                    
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-01-31 2025-10-31 2025-07-31 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 2012-07-31 2012-04-30 2012-01-31 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
        		204,757,000 202,785,000 190,680,000 170,523,000 181,566,000 150,886,000 147,817,000 134,901,000 125,482,000 113,565,000 112,753,000 115,060,000 103,005,000 110,173,000 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 28,672,000 24,224,000 24,466,000 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
        		51,008,000 51,207,000 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 7,737,000 7,463,000 6,975,000 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
        		11,296,000 16,035,000 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                   
          deferred income tax provision
        		7,480,000        -3,759,000 -3,557,000 -13,378,000 -10,576,000 980,000 1,018,000 5,778,000         20,581,000 -25,718,000   -3,150,000 3,798,000        -346,000    2,276,000    1,557,000    -1,999,000    803,000 -1,643,000 -134,000 -1,908,000 851,000 -393,000 180,000 -105,000 347,000   181,000 429,000   
          employer contributions to heico savings and investment plan
        		5,901,000 6,255,000 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
        		2,225,000 3,946,000 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                       
          payment of contingent consideration
        		 0 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                  
          changes in operating assets and liabilities, net of acquisitions:
        		                                                                   
          decrease in accounts receivable
        		-5,262,000   -60,423,000 20,062,000   -33,631,000 38,940,000    -7,095,000 -10,827,000   16,191,000 -30,837,000 7,332,000 -13,029,000 9,234,000 -24,743,000 51,839,000 20,685,000 23,734,000    4,982,000 -2,254,000 -11,978,000 -28,800,000 14,463,000 -10,497,000 11,985,000 -24,640,000 25,998,000 -12,981,000 -10,849,000 -4,473,000 12,348,000 -27,054,000 2,443,000 -43,000 2,082,000 -910,000   6,586,000  -3,702,000 -16,815,000 12,142,000  435,000 -3,412,000 4,189,000   -8,433,000 4,836,000   -1,538,000 3,401,000  4,142,000 
          decrease in contract assets
        		3,753,000 13,795,000 -7,986,000 -6,370,000 -5,949,000 -7,715,000 5,837,000 -1,388,000 4,560,000       3,558,000 -1,780,000   -2,027,000 2,623,000 -430,000 -2,983,000 -11,266,000 -1,719,000 4,154,000 1,730,000 -1,571,000 7,270,000                                       
          increase in inventories
        		-17,101,000 15,307,000 -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         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  -4,059,000 -7,529,000 -2,326,000  -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  -6,190,000 -1,096,000 -5,885,000   -4,108,000 -2,045,000   3,898,000 -4,082,000 9,195,000 360,000 
          increase in prepaid expenses and other current assets
        		-8,796,000    -955,000    -15,784,000    -860,000  -2,727,000 31,000 -9,005,000  -410,000 -5,418,000 -6,614,000    -3,303,000    -7,921,000   1,137,000 -5,403,000  -3,497,000 1,338,000 -1,563,000  673,000 414,000 -3,030,000         -2,446,000 146,000 -162,000 -2,456,000  950,000 4,941,000 -7,666,000  694,000 -243,000 -2,534,000    -1,352,000   
          increase in trade accounts payable
        		4,067,000 -1,326,000 -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 -1,598,000 2,370,000 -4,375,000 5,073,000 -1,935,000 3,092,000 1,027,000       
          decrease in accrued expenses and other current liabilities
        		-107,186,000   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   6,736,000 -20,431,000   5,041,000 -8,010,000   2,236,000 -4,486,000  -5,374,000 
          increase in income taxes payable
        		10,251,000   -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 -6,220,000 7,386,000 -2,457,000 -480,000 -3,989,000 5,203,000 782,000       
          net changes in other long-term liabilities and assets related to heico leadership compensation plan
        		10,115,000 491,000 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
        		6,089,000 4,621,000 -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 -313,000 743,000 721,000 353,000 -59,000 98,000 -674,000 0 -232,000 435,000 132,000 144,000 41,000 -69,000 -78,000 354,000 
          net cash from operating activities
        		178,597,000 295,326,000 231,211,000 204,695,000 203,034,000 205,623,000 213,955,000 141,140,000 111,652,000 148,378,000 145,921,000 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 32,957,000 47,596,000 -2,250,000 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
        		-441,397,000 100,000 -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 -10,144,000 -19,029,000 -142,328,000 -65,440,000 -1,279,000 -5,348,000 -22,588,000 0 -2,872,000     
          investments related to heico leadership compensation plan
        		-14,000,000 -11,269,000 -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                                       
          capital expenditures
        		-13,496,000 -26,848,000 -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 -4,233,000 -4,360,000 -3,788,000 -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
        		165,101,000 268,478,000 218,472,000 188,731,000 185,699,000 189,537,000 198,105,000 128,192,000 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 28,724,000 43,236,000 -6,038,000 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 
          proceeds from corporate-owned life insurance policy withdrawals
        		22,654,000                                                                   
          net cash from investing activities
        		-446,967,000 -33,997,000 -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 -14,385,000 -23,418,000 -146,223,000 -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
        		443,000,000 0 350,000,000 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 10,000,000 6,000,000 157,000,000 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
        		-103,000,000 -275,000,000 -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 -32,000,000 -22,000,000 -6,000,000 -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
        		-16,724,000 0 -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 -3,163,000 0 -2,526,000 102,000 -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
        		-7,181,000 -11,236,000 -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 -1,744,000 -2,044,000 -3,006,000 -8,565,000 -1,878,000 -2,181,000 -2,269,000 -3,176,000 -2,738,000 -1,938,000 -2,508,000   
          redemptions of common stock related to stock option exercises
        		-4,531,000 -20,407,000 -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 -180,000   -8,866,000 0 -1,061,000 -4,371,000 0 -328,000 0 -353,000   
          acquisitions of noncontrolling interests
        		-4,072,000 0 -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   0 -68,000     
          proceeds from stock option exercises
        		2,896,000 1,532,000 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 0 286,000 446,000 112,000 196,000 79,000 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
        		309,576,000 -305,926,000 145,986,000 -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 -26,597,000 -25,089,000 154,409,000 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
        		1,984,000 490,000 317,000 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 -272,000 82,000 -345,000 -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
        		43,190,000 -44,107,000 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 -8,297,000 -829,000 5,591,000 -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
        		217,781,000 0 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 17,500,000 0 0 0 6,543,000 0 0 0 7,167,000 0 0 
          cash and cash equivalents at end of period
        		260,971,000  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  -8,297,000 -829,000 23,091,000  19,828,000 -6,105,000 13,865,000  512,000 3,001,000 7,524,000  -2,500,000 
          impairment of intangible assets
        		     1,500,000                                        5,800,000                1,157,000 0     
          amendment and termination of contingent consideration agreement
        		         0 0                                                         
          deferred income tax benefit
        		 -19,776,000 -10,849,000 -10,888,000 -7,052,000  -3,695,000          -322,000 1,322,000 -8,470,000 -142,000 -8,345,000 3,347,000    -3,099,000    508,000 -328,000 4,135,000 -17,292,000 -4,098,000 -4,089,000   -3,141,000 -4,885,000   -2,171,000 -3,058,000   -5,196,000 -8,403,000    -1,537,000                 
          increase in accounts receivable
        		 -39,513,000    -5,481,000    -49,980,000 5,607,000                964,000                                         
          decrease in prepaid expenses and other current assets
        		 549,000 10,339,000   -8,208,000 -5,578,000   4,297,000 -436,000               1,952,000 -1,370,000   -625,000            1,981,000   -2,105,000 985,000   2,875,000                   
          increase in accrued expenses and other current liabilities
        		 32,702,000    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          
          proceeds from issuance of senior unsecured notes
        		         0                                                          
          payments on short-term debt
        		     0   -13,924,000                                                           
          debt issuance costs
        		         -1,005,000                                                          
          cash and cash equivalents at end of year
        		                                                                   
          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     
          decrease in accrued contingent consideration
        		                                          646,000                         
          (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                                                  
          increase in contract assets
        		            -7,303,000                                                       
          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 0 0 -3,028,000           
          decrease in inventories
        		              -18,424,000 -15,799,000 -26,967,000  4,797,000 330,000 2,602,000                                     -1,352,000          
          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 -4,000 122,000 13,026,000 -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 4,000 -112,000 -11,983,000 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 1,005,000 941,000 942,000 834,000 685,000 585,000 543,000 432,000 311,000 302,000 308,000 166,000 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) decrease in accounts receivable
        		                                                             -7,696,000      
          decrease (increase) in inventories
        		                                                             2,734,000      
          increase (decrease) in trade accounts payable
        		                                                                1,179,000   
          increase (decrease) 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:
        		                                                                   
          increase (decrease) in accrued expenses and other current liabilities
        		                                                                   
          (increase) decrease in prepaid expenses and other current assets
        		                                                                   
          increase (decrease) in income taxes payable
        		                                                                4,387,000   
          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 
          decrease (increase) in accounts receivable
        		                                                                   
          decrease (increase) in prepaid expenses and other current assets
        		                                                                   
          (decrease) increase in trade accounts payable
        		                                                                   
          (decrease) increase in accrued expenses and other current liabilities
        		                                                                   
          (decrease) increase in income taxes payable
        		                                                                   
          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:
        		                                                                   
          deferred income tax (benefit) provision