HEICO Corporation (HEI.A)

HEICO Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Net Income	690.39	514.11	403.6	351.68	304.22
Depreciation & Amortization	196.08	175.33	130.04	96.33	93.02
Asset Writedown & Restructuring Costs	-	7.5	-	-	-
Stock-Based Compensation	54.82	36.39	30.75	24.83	19.15
Other Operating Activities	67.15	60.41	-11.81	41.02	13.39
Change in Accounts Receivable	-82.09	-19.52	-77.24	-33.42	-26.92
Change in Inventory	-44.85	-132.93	-124.78	-89.19	-10.12
Change in Accounts Payable	-	-9.82	10.98	25.57	6.91
Change in Income Taxes	-	20.22	-4.51	11.6	2.82
Change in Other Net Operating Assets	52.77	20.68	91.7	39.44	41.62
Operating Cash Flow	934.27	672.37	448.74	467.86	444.08
Operating Cash Flow Growth	38.95%	49.84%	-4.09%	5.35%	8.54%
Capital Expenditures	-72.89	-58.26	-49.43	-31.98	-36.18
Cash Acquisitions	-629.83	-219.29	-2,422	-347.31	-136.5
Other Investing Activities	-28.98	-15.65	-13.25	-16.54	-10.77
Investing Cash Flow	-731.69	-293.2	-2,484	-395.83	-183.45
Long-Term Debt Issued	-	130	3,153	262	-
Short-Term Debt Repaid	-	-13.92	-1.59	-	-
Long-Term Debt Repaid	-55	-365	-989	-212	-505
Total Debt Repaid	-55	-378.92	-990.59	-212	-505
Net Debt Issued (Repaid)	-55	-248.92	2,163	50	-505
Issuance of Common Stock	13.21	7.95	6.71	2.35	5.34
Repurchase of Common Stock	-22.39	-29.91	-14.85	-25.95	-3.79
Common Dividends Paid	-31.97	-29.07	-27.37	-24.47	-23
Other Financing Activities	-54.54	-89.44	-62.31	-35.77	-32.52
Financing Cash Flow	-150.68	-389.39	2,065	-33.83	-558.97
Foreign Exchange Rate Adjustments	3.78	1.28	2.23	-6.99	-0.22
Net Cash Flow	55.68	-8.95	31.54	31.21	-298.55
Free Cash Flow	861.38	614.11	399.3	435.87	407.9
Free Cash Flow Growth	40.27%	53.80%	-8.39%	6.86%	5.62%
Free Cash Flow Margin	19.21%	15.92%	13.45%	19.74%	21.86%
Free Cash Flow Per Share	6.12	4.38	2.88	3.16	2.96
Cash Interest Paid	-	148.9	54.14	6.04	7.36
Cash Income Tax Paid	-	113.38	134.82	78.47	66.67
Levered Free Cash Flow	687.64	367.32	15.41	331.86	301.01
Unlevered Free Cash Flow	768.81	460.65	61.03	335.85	305.57
Change in Working Capital	-74.17	-121.37	-103.85	-46	14.3

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q