HEICO Corporation (HEI) quarterly cash flow statement — complete operating, investing & financing history
HEICO Corporation (HEI) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 345.34M | 291.97M | 178.6M | 295.33M | 231.21M | 204.69M | 203.03M | 205.62M | 213.96M | 141.14M | 111.65M | 148.38M | 145.92M | 77.75M | 76.69M | 143.95M | 149.16M | 96.77M | 77.98M | 109.98M |
| Operating CF Margin % | 24.44% | 21.22% | 15.15% | 24.42% | 20.15% | 18.65% | 19.71% | 20.29% | 21.56% | 14.77% | 12.46% | 15.84% | 20.19% | 11.3% | 12.35% | 23.61% | 26.19% | 17.96% | 15.9% | 21.59% |
| Operating CF Growth % | 49.36% | 42.64% | -12.04% | 43.63% | 8.07% | 45.03% | 81.85% | 38.58% | 46.62% | 81.53% | 45.6% | 3.08% | -2.17% | -19.66% | -1.66% | 30.88% | 20.3% | -5.97% | -27.26% | -0.16% |
| Net Income | 254.48M | 250.33M | 204.76M | 188.3M | 190.68M | 170.52M | 181.57M | 150.89M | 147.82M | 134.9M | 125.48M | 113.56M | 112.75M | 115.06M | 103M | 110.17M | 93.09M | 93.11M | 94.25M | 93.36M |
| Depreciation & Amortization | 58.73M | 56.63M | 51.01M | 51.21M | 49.77M | 48.88M | 46.23M | 44.69M | 44.31M | 42.83M | 43.51M | 43.73M | 29.53M | 29.72M | 27.06M | 25.81M | 23.82M | 23.48M | 23.22M | 24.2M |
| Stock-Based Compensation | 11.92M | 11.22M | 11.3M | 0 | 7.67M | 6M | 4.67M | 4.69M | 4.63M | 4.58M | 4.88M | 5.06M | 4.36M | 3.24M | 2.81M | 2.83M | 2.96M | 3.24M | 3.61M | 2.7M |
| Deferred Taxes | -9.05M | 4.32M | 7.48M | -19.78M | -10.85M | -10.89M | -7.05M | -6.78M | -3.69M | -7.77M | -3.76M | -3.56M | -13.38M | -10.58M | 980K | 1.02M | 5.78M | 2.4M | -322K | 1.32M |
| Other Non-Cash Items | -29.26M | 6.85M | 8.13M | 40.73M | -17.8M | 20.73M | 24.27M | 20.08M | 3.44M | 40.39M | -1.37M | 1.82M | 1.13M | -12.59M | -1.15M | -1.99M | 1.6M | 2.27M | 3.5M | 3.08M |
| Working Capital Changes | 58.51M | -37.38M | -104.07M | 34.87M | 11.74M | -30.55M | -46.65M | -7.94M | 17.45M | -73.79M | -57.09M | -12.24M | 11.53M | -47.12M | -56.02M | 6.11M | 21.91M | -27.73M | -46.29M | -14.68M |
| Change in Receivables | 6.41M | -69.92M | -1.51M | -25.72M | -3.69M | -66.79M | 14.11M | -13.2M | -14.81M | -35.02M | 43.5M | -53.76M | 7.01M | -16.09M | -14.4M | -10.95M | -3.98M | -32.9M | 14.41M | -28.5M |
| Change in Inventory | -37.91M | -23.36M | -17.1M | 15.31M | -14.02M | -9.93M | -36.21M | -30.75M | -31.08M | -21.26M | -49.85M | -38.1M | -11.43M | -23.21M | -52.04M | -28M | -18.42M | -15.8M | -26.97M | -17.85M |
| Change in Payables | 0 | 45.88M | 4.07M | -1.33M | -274K | 18.8M | 10.39M | -10.82M | 12.4M | 203K | -11.61M | 12.66M | -8.48M | 8.79M | -1.99M | 6.61M | 10.82M | 5.67M | 2.47M | 2.74M |
| Cash from Investing | -221.91M | -399.92M | -451.04M | -34M | -357.94M | -51.76M | -288M | -181.05M | -26.86M | -14.15M | -71.14M | -1.91B | -14.4M | -33.81M | -525.98M | -172.48M | -79.4M | -124M | -19.96M | -114.56M |
| Capital Expenditures | -22.56M | -18.05M | -13.5M | -26.85M | -12.74M | -15.96M | -17.34M | -16.09M | -15.85M | -12.95M | -13.38M | -15.26M | -12.26M | -11.07M | -10.85M | -7.63M | -8.15M | -7.52M | -8.69M | -6.06M |
| CapEx % of Revenue | 1.6% | 1.31% | 1.15% | 2.22% | 1.11% | 1.45% | 1.68% | 1.59% | 1.6% | 1.36% | 1.49% | 1.63% | 1.7% | 1.61% | 1.75% | 1.25% | 1.43% | 1.4% | 1.77% | 1.19% |
| Acquisitions | -196.9M | -375.8M | -445.47M | 100K | -343.77M | -31.4M | -254.76M | -164.09M | -9M | 0 | -46.21M | -1.9B | -2.47M | -20.5M | -503.74M | -172.01M | -69.77M | -105.53M | 0 | -106.9M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 137K | -30.54M | 21.93M | 4.02M | -1.43M | -4.4M | -15.9M | -879K | -2.01M | -1.2M | -11.55M | 66K | 327K | -2.24M | -11.4M | 7.16M | -1.49M | -10.94M | -11.27M | -1.61M |
| Cash from Financing | -91.88M | 58.24M | 313.65M | -305.93M | 145.99M | -81.45M | 90.71M | -65.35M | -188.85M | -118.47M | -16.73M | 1.24B | 435.32M | -60.41M | 449.18M | 36.26M | -51.98M | 21.82M | -39.92M | -155.75M |
| Debt Issued (Net) | -43.49M | -23M | 340M | 220M | 170M | -75M | 125M | -30M | -130M | -110M | 21.08M | 1.25B | 464.38M | -43.33M | 493M | 45M | -23M | 27M | 1M | -150M |
| Equity Issued (Net) | 1.34M | 665K | -1.64M | -18.88M | 5.33M | 2.87M | 1.5M | -23.51M | -248K | 146K | 1.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -18.16M | 0 | -16.72M | 0 | -16.7M | 0 | -15.27M | 0 | -15.24M | 0 | -13.83M | 0 | -13.7M | 0 | -13.67M | 0 | -12.24M | 0 | -12.23M | 0 |
| Share Repurchases | -111K | -282K | -4.53M | -20.41M | -564K | -1.32M | -95K | -25.08M | -2.48M | -1.75M | -601K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -31.56M | 80.57M | -7.99M | -507.05M | -12.65M | -9.32M | -20.52M | -11.83M | -43.37M | -8.61M | -25.63M | -9.03M | -15.36M | -17.08M | -30.16M | -8.74M | -16.75M | -5.18M | -28.69M | -5.75M |
| Net Change in Cash | 30.62M | -50.64M | 43.19M | -44.11M | 19.58M | 76.84M | 3.36M | -40.84M | -1.22M | 7.84M | 25.27M | -523.22M | 567.1M | -15.46M | 3.12M | 5.9M | 16.29M | -7.5M | 16.52M | -161.52M |
| Free Cash Flow | 322.78M | 273.92M | 165.1M | 268.48M | 218.47M | 188.73M | 185.7M | 189.54M | 198.1M | 128.19M | 98.28M | 133.12M | 133.67M | 66.67M | 65.84M | 136.32M | 141.01M | 89.25M | 69.29M | 103.92M |
| FCF Margin % | 22.84% | 19.91% | 14.01% | 22.2% | 19.04% | 17.19% | 18.03% | 18.7% | 19.97% | 13.42% | 10.96% | 14.22% | 18.49% | 9.69% | 10.6% | 22.36% | 24.76% | 16.56% | 14.13% | 20.4% |
| FCF Growth % | 47.74% | 45.14% | -11.09% | 41.65% | 10.28% | 47.23% | 88.96% | 42.38% | 48.21% | 92.26% | 49.26% | -2.35% | -5.21% | -25.3% | -4.98% | 31.18% | 21.77% | -7.49% | -24.43% | -0.73% |
| FCF per Share | 2.28 | 1.94 | 1.17 | 1.90 | 1.55 | 1.34 | 1.32 | 1.35 | 1.41 | 0.92 | 0.70 | 0.95 | 0.96 | 0.48 | 0.48 | 0.98 | 1.02 | 0.65 | 0.50 | 0.75 |
| FCF Conversion (FCF/Net Income) | 1.47x | 1.25x | 0.94x | 1.57x | 1.30x | 1.31x | 1.21x | 1.47x | 1.57x | 1.15x | 0.97x | 1.43x | 1.43x | 0.74x | 0.82x | 1.48x | 1.81x | 1.14x | 0.90x | 1.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |