XML 19 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Operating Activities:    
Net income from consolidated operations $ 46,265 $ 35,924
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,248 13,921
Employer contributions to HEICO Savings and Investment Plan 1,714 1,417
Share-based compensation expense 1,451 1,680
Increase (decrease) in value of contingent consideration 537 847
Deferred income tax provision (benefit) (346) 2,276
Foreign currency transaction adjustments, net (956) (839)
Tax benefit from stock option exercises   871
Excess tax benefit from stock option exercises   (871)
Changes in operating assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 25,998 12,348
Increase in inventories (14,989) (2,326)
(Increase) decrease in prepaid expenses and other current assets (1,563) (3,030)
Decrease in trade accounts payable (6,322) (7,696)
Decrease in accrued expenses and other current liabilities (18,908) (14,787)
Increase in income taxes payable 7,230 5,851
Other 616 (419)
Net cash provided by operating activities 55,975 45,167
Investing Activities:    
Acquisitions, net of cash acquired 0 (264,324)
Capital expenditures (6,422) (5,690)
Other 419 474
Net cash used in investing activities (6,003) (269,540)
Financing Activities:    
Borrowings on revolving credit facility 0 260,000
Payments on revolving credit facility (40,000) (32,000)
Cash dividends paid (6,059) (5,350)
Distributions to noncontrolling interests (1,986) (2,696)
Proceeds from stock option exercises 1,230 94
Excess tax benefit from stock option exercises   871
Other (108) (86)
Net cash (used in) provided by financing activities (46,923) 220,833
Effect of exchange rate changes on cash (99) (177)
Net (decrease) increase in cash and cash equivalents 2,950 (3,717)
Cash and cash equivalents at beginning of year 42,955 33,603
Cash and cash equivalents at end of period $ 45,905 $ 29,886