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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2013
Operating Activities:      
Net income from consolidated operations $ 153,564 $ 138,772 $ 124,561
Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:      
Depreciation and amortization 47,907 47,757 36,790
Impairment of intangible assets 0 15,000 0
Share-based compensation expense 6,048 6,426 5,117
Employer contributions to HEICO Savings and Investment Plan 6,125 6,302 2,985
Deferred income tax benefit (7,080) (16,745) (5,785)
Tax benefit from stock option exercises 1,402 93 5,191
Excess tax benefit from stock option exercises (1,402) (93) (5,126)
Accrued contingent consideration 293 (28,126) (1,640)
Foreign Currency Transaction Gain, before Tax (3,704) 0 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (22,572) 6,999 (16,585)
Inventories (10,187) 126 (14,877)
Prepaid expenses and other current assets 1,433 8,033 (4,918)
Trade accounts payable 3,169 2,511 (23)
Accrued expenses and other current liabilities (883) (3,090) 12,766
Income taxes payable 373 1,462 (7,273)
Other (1,623) 5,262 653
Net cash provided by operating activities 172,863 190,689 131,836
Investing Activities:      
Acquisitions, net of cash acquired (166,784) (8,737) (222,638)
Capital expenditures (18,249) (16,410) (18,328)
Other (973) (40) (342)
Net cash used in investing activities (186,006) (25,187) (241,308)
Financing Activities:      
Borrowings on revolving credit facility 173,696 112,000 372,000
Payments on revolving credit facility (132,000) (159,000) (126,000)
Distributions to noncontrolling interests (9,699) (79,212) (7,579)
Cash dividends paid (9,343) (31,215) (120,361)
Acquisitions of noncontrolling interests 0 (1,243) (16,610)
Redemptions of common stock related to stock option exercises (5) (273) (2,364)
Proceeds from stock option exercises 3,673 708 463
Excess tax benefit from stock option exercises 1,402 93 5,126
Revolving credit facility issuance costs 0 (767) (570)
Payment of contingent consideration 0 0 (601)
Other (388) (1,206) (296)
Net cash (used in) provided by financing activities 27,336 (160,115) 103,208
Effect of exchange rate changes on cash (819) (657) 312
Net increase (decrease) in cash and cash equivalents 13,374 4,730 (5,952)
Cash and cash equivalents at beginning of year 20,229 15,499 21,451
Cash and cash equivalents at end of year $ 33,603 $ 20,229 $ 15,499