Cash flow from operating activities for the fiscal year ended October 31, 2012 totaled a record $138.6 million, representing 163% of net income and cash flow from operating activities in the fourth quarter of fiscal 2012 was $60.3 million, up from $125.5 million and $40.5 million for the fiscal year and fourth quarter ended October 31, 2011, respectively.As a result of our continued strong cash flow, our net debt to shareholders' equity ratio was a low 15.3% as of October 31, 2012, with net debt (total debt less cash and cash equivalents) of $110.4 million principally incurred to fund the five acquisitions completed during fiscal 2012.
HEICO Corporation Reports Record Sales, Operating Income And Net Income For The Fourth Quarter And Full Year Of Fiscal 2012; Targets Continued Growth In Fiscal 2013
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