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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Operating Activities:      
Net income from consolidated operations $ 335,855 $ 359,741 $ 285,686
Adjustments to reconcile net income from consolidated operations to net cash provided by operating activities:      
Depreciation and amortization 88,561 83,497 77,191
Share-based compensation expense 10,134 10,334 9,283
Employer contributions to HEICO Savings and Investment Plan 9,576 9,528 8,019
Deferred Income Taxes and Tax Credits (5,998) (6,392) (12,977)
Increase in accrued contingent consideration 515 2,630  
Decrease in accrued contingent consideration     (1,365)
Payment of contingent consideration (175) (3,105)  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 71,515 (28,976) (23,763)
Contract assets (16,398) 11,583 (4,806)
Inventories (28,315) (30,077) (49,455)
Prepaid expenses and other current assets 2,471 609 401
Trade accounts payable (30,327) (3,851) 17,403
Accrued expenses and other current liabilities (37,905) 17,151 22,121
Income taxes payable (9,586) 1,296 (12,530)
Change in long-term liabilities and assets related to HEICO LCP 14,836 12,920 11,610
Other 4,366 490 1,669
Net cash provided by operating activities 409,125 437,378 328,487
Investing Activities:      
Acquisitions, net of cash acquired (163,939) (240,841) (59,775)
Capital expenditures (22,940) (28,938) (41,871)
Net Investment Related to HEICO LCP (15,900) (13,701) (11,500)
Other 3,736 2,834 (365)
Net cash used in investing activities (199,043) (280,646) (113,511)
Financing Activities:      
Borrowings on revolving credit facility 245,000 313,000 56,000
Payments on revolving credit facility (68,000) (283,000) (204,000)
Proceeds from Noncontrolling Interests 14,329 0 0
Proceeds from stock option exercises 6,955 8,547 4,031
Cash dividends paid (21,552) (18,691) (15,363)
Distributions to noncontrolling interests (17,908) (110,869) (13,059)
Redemption of common stock related to stop option exercises (12,120) (64,014) (24,983)
Acquisitions of noncontrolling interests (7,475)    
Payment of contingent consideration (325) (4,073) (5,425)
Revolving credit facility issuance costs 0 0 (4,067)
Other (1,161) (620) (669)
Net cash (used in) provided by financing activities 137,743 (159,720) (207,535)
Effect of exchange rate changes on cash 2,026 390 92
Net increase (decrease) in cash and cash equivalents 349,851 (2,598) 7,533
Cash and cash equivalents at beginning of year 57,001 59,599  
Cash and cash equivalents at end of year $ 406,852 $ 57,001 $ 59,599