HEICO Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $186.0M | $156.2M | $133.4M | $121.3M | $102.4M | $85.1M | $72.8M | $54.9M |
| Depreciation & Amortization | $64.8M | $60.3M | $47.9M | $47.8M | $36.8M | $30.7M | $18.5M | $17.6M |
| Depreciation | $21.9M | $20.4M | $17.8M | $17.1M | $13.4M | — | — | — |
| Amortization | $39.5M | $36.4M | $27.0M | $27.7M | $20.6M | $16.2M | $7.6M | $6.8M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $288.3M | $259.7M | $172.9M | $190.7M | $131.8M | $138.6M | $125.5M | $101.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $26.0M | $30.9M | $18.2M | $16.4M | $18.3M | $15.3M | $9.4M | $8.9M |
| Business Acquisitions | $418.3M | $263.8M | $166.8M | $8.7M | $222.6M | $197.3M | $94.7M | $39.1M |
| Net Cash from Investing Activities | $-458.2M | $-308.1M | $-186.0M | — | — | $-212.7M | $-103.9M | $-48.3M |
| Financing Activities | ||||||||
| Dividends Paid | $12.8M | $10.7M | $9.3M | $31.2M | $120.4M | $5.7M | $4.5M | $3.5M |
| Stock Repurchases | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Financing Activities | $175.9M | $56.8M | $27.3M | — | — | $78.4M | $-10.7M | $-54.2M |
| Net Change in Cash | $9.1M | $9.4M | $13.4M | $4.7M | $-6.0M | $4.0M | $11.0M | $-624.0K |
| Free Cash Flow | $262.3M | $228.9M | $154.6M | $174.3M | $113.5M | $123.3M | $116.1M | $92.8M |