HEICO CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.38B | $1.19B | $1.13B | $1.01B | $897.3M | $764.9M | $617.0M |
| Cost of Revenue | $950.1M | $860.8M | $754.5M | $734.0M | $637.6M | $569.9M | $490.5M | $394.7M |
| Gross Profit | $574.7M | $515.5M | $434.2M | $398.3M | $371.2M | $327.4M | $274.4M | $222.3M |
| Gross Margin | 37.7% | 37.5% | 36.5% | 35.2% | 36.8% | 36.5% | 35.9% | 36.0% |
| Operating Expenses | ||||||||
| Research & Development | $46.5M | $44.7M | $38.7M | $37.4M | $32.9M | $30.4M | $25.4M | $22.7M |
| SG&A Expense | $268.1M | $250.1M | $204.5M | $194.9M | $187.6M | $164.1M | $136.0M | $113.2M |
| Operating Income | $306.7M | $265.3M | $229.7M | $203.4M | $183.6M | $163.3M | $138.4M | $109.2M |
| Operating Margin | 20.1% | 19.3% | 19.3% | 18.0% | 18.2% | 18.2% | 18.1% | 17.7% |
| Interest Expense | $9.8M | $8.3M | $4.6M | $5.4M | $3.7M | $2.4M | $142.0K | $508.0K |
| Pretax Income | $298.0M | $257.1M | $225.0M | $198.6M | $180.8M | $161.2M | $138.4M | $109.1M |
| Income Tax Expense | $90.3M | $80.9M | $71.4M | $59.8M | $56.2M | $54.5M | $42.9M | $36.7M |
| Net Income | $186.0M | $156.2M | $133.4M | $121.3M | $102.4M | $85.1M | $72.8M | $54.9M |
| Net Margin | 12.2% | 11.3% | 11.2% | 10.7% | 10.2% | 9.5% | 9.5% | 8.9% |
| EPS (Basic) | $1.41 | $1.19 | $1.60 | $1.82 | $1.54 | $1.29 | $1.12 | $1.07 |
| EPS (Diluted) | $1.37 | $1.17 | $1.57 | $1.80 | $1.53 | $1.28 | $1.10 | $1.04 |
| Shares Outstanding (Basic) | 131.7M | 130.9M | 83.4M | 66.5M | 66.3M | 65.9M | 65.1M | 51.3M |
| Shares Outstanding (Diluted) | 135.6M | 133.1M | 84.8M | 67.5M | 67.0M | 66.6M | 66.4M | 52.8M |
| Dividends Per Share | $0.10 | $0.08 | $0.11 | $0.47 | $0.41 | $0.09 | $0.07 | $0.09 |