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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Operating Activities:      
Net income from consolidated operations $ 359,741 $ 285,686 $ 207,660
Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:      
Depreciation and amortization 83,497 77,191 64,823
Share-based compensation expense 10,334 9,283 7,415
Employer contributions to HEICO Savings and Investment Plan 9,528 8,019 7,768
Increase in accrued contingent consideration 2,630   1,100
Decrease in accrued contingent consideration   1,365  
Deferred income tax benefit (6,392) (12,977) (11,096)
Payment of contingent consideration (3,105)    
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (28,976) (23,763) 7,384
Contract assets 11,583 (4,806) (4,538)
Inventories (30,077) (49,455) (21,204)
Prepaid expenses and other current assets 609 401 134
Trade accounts payable (3,851) 17,403 6,386
Accrued expenses and other current liabilities 17,151 22,121 1,794
Income taxes payable 1,296 (12,530) 6,071
Change in long-term liabilities and assets related to HEICO LCP 12,920 11,610 12,841
Other 490 1,669 1,747
Net cash provided by operating activities 437,378 328,487 288,285
Investing Activities:      
Acquisitions, net of cash acquired (240,841) (59,775) (418,265)
Capital expenditures (28,938) (41,871) (25,998)
Net Investment Related to HEICO LCP (13,701) (11,500) (13,400)
Other 2,834 (365) (552)
Net cash used in investing activities (280,646) (113,511) (458,215)
Financing Activities:      
Borrowings on revolving credit facility 313,000 56,000 404,000
Payments on revolving credit facility (283,000) (204,000) (190,877)
Distributions to noncontrolling interests (110,869) (13,059) (18,401)
Redemption of common stock related to stop option exercises (64,014) (24,983) (203)
Cash dividends paid (18,691) (15,363) (12,807)
Payment of contingent consideration (4,073) (5,425) (7,039)
Revolving credit facility issuance costs   (4,067) (270)
Acquisitions of noncontrolling interests     (3,848)
Proceeds from stock option exercises 8,547 4,031 5,659
Other (620) (669) (342)
Net cash (used in) provided by financing activities (159,720) (207,535) 175,872
Effect of exchange rate changes on cash 390 92 3,169
Net increase (decrease) in cash and cash equivalents (2,598) 7,533 9,111
Cash and cash equivalents at beginning of year 59,599 52,066 42,955
Cash and cash equivalents at end of year $ 57,001 $ 59,599 $ 52,066