HEICO CORP (HEI) [Rocket]

In millions, except per share items	Oct-31-22	Oct-31-21	Oct-31-20	Oct-31-19	Oct-31-18	Oct-31-17	Oct-31-16	Oct-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net sales	2,208.3	1,865.7	1,787.0	2,055.6	1,777.7	1,524.8	1,376.3	1,188.6
Net sales growth	18.4%	4.4%	-13.1%	15.6%	16.6%	10.8%	15.8%	5.0%
Operating costs and expenses:
Cost of sales	1,345.6	1,138.3	1,104.9	1,241.8	1,087.0	950.1	860.8	754.5
Selling, general and administrative expenses	365.9	334.5	305.5	356.7	314.5	268.1	250.1	204.5
Total operating costs and expenses	1,711.5	1,472.8	1,410.4	1,598.6	1,401.5	1,218.2	1,110.9	959.0
Operating income	496.8	392.9	376.6	457.1	376.2	306.7	265.3	229.7
Operating margin	22.5%	21.1%	21.1%	22.2%	21.2%	20.1%	19.3%	19.3%
Interest expense	-6.4	-7.3	-13.2	-21.7	-19.9	-9.8	-8.3	-4.6
Other (expense) income	0.6	1.4	1.4	2.4	-0.1	1.1	0.0	-0.1
Income before income taxes and noncontrolling interests	491.0	387.1	364.9	437.8
Income tax expense	100.4	57.3	29.0	78.1	70.6	90.3	80.9	71.4
Net income from consolidated operations	390.6	329.8	335.9	359.7	285.7	207.7	176.2	153.6
Less: Net income attributable to noncontrolling interests	38.9	25.5	21.9	31.8	26.5	21.7	20.0	20.2
Net income attributable to HEICO	351.7	304.2	314.0	327.9	259.2	186.0	156.2	133.4

Net income per share attributable to HEICO shareholders:
Basic (in dollars per share)	$2.59	$2.25	$2.33	$2.45	$1.96	$1.41	$1.19	$1.60
Diluted (in dollars per share)	$2.55	$2.21	$2.29	$2.39	$1.90	$1.37	$1.17	$1.57

Weighted average number of common shares outstanding:
Basic (in shares)	136.0	135.3	134.8	133.6	132.5	131.7	130.9	83.4
Diluted (in shares)	138.0	137.9	137.3	137.4	136.7	135.6	133.1	84.8