XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Operating Activities:    
Net income from consolidated operations $ 103,005 $ 94,252
Adjustments to reconcile net income from consolidated operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,060 23,222
Share-based compensation expense 2,812 3,614
Employer contributions to HEICO Savings and Investment Plan 3,814 3,165
Deferred income tax provision (benefit) 980 (322)
Change in value of contingent consideration 1,336 (114)
PaymentofContingentConsiderationinExcessofAcquisitionDateValue (6,299) 0
Changes in operating assets and liabilities, net of acquisitions:    
Change in accounts receivable (7,095) 16,191
Increase (Decrease) in Contract with Customer, Asset (7,303) (1,780)
Change in inventories (52,041) (26,967)
Change in prepaid expenses and other current assets (860) (9,005)
Change in trade accounts payable (1,992) 2,469
Change in accrued expenses and other current liabilities (7,583) (38,725)
Change in income taxes payable 13,839 (72)
Increase (Decrease) in Obligation, Other Postretirement Benefits 8,892 11,603
Other (1,879) 449
Net cash provided by operating activities 76,686 77,980
Investing Activities:    
Acquisitions, net of cash acquired (503,736) 0
Net Investment Related to Deferred Compensation Plan (11,800) (10,100)
Capital expenditures (10,846) (8,691)
Other 402 (1,168)
Net cash used in investing activities (525,980) (19,959)
Financing Activities:    
Proceeds from Long-term Lines of Credit 531,000 26,000
Payments on revolving credit facility (38,000) (25,000)
Common Stock Issued Repurchased and Retired Related To Stock Option Exercises (14,805) (23,623)
Cash dividends paid (13,668) (12,227)
Distributions to noncontrolling interests (11,291) (6,046)
Payment of Contingent Consideration (3,710) 0
Payments for Repurchase of Redeemable Noncontrolling Interest (2,733) 0
Proceeds from stock option exercises 2,845 769
Other (463) 207
Net cash (used in) provided by financing activities 449,175 (39,920)
Effect of exchange rate changes on cash 3,234 (1,581)
Net (decrease) increase in cash and cash equivalents 3,115 16,520
Cash and cash equivalents at beginning of year 139,504 108,298
Cash and cash equivalents at end of period $ 142,619 $ 124,818