BELDEN INC.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a)Documents filed as part of this Report:
- Financial Statements
Consolidated Statements of Operations for Each of the Three Years in the Period Ended December 31, 2025
Consolidated Statements of Comprehensive Income for Each of the Three Years in the Period Ended December 31, 2025
Consolidated Cash Flow Statements for Each of the Three Years in the Period Ended December 31, 2025
Consolidated Stockholders’ Equity Statements for Each of the Three Years in the Period Ended December 31, 2025
Notes to Consolidated Financial Statements
- Financial Statement Schedule
Schedule II – Valuation and Qualifying Accounts
| BeginningBalance · Charged toCosts andExpenses · Divestitures/Acquisitions · ChargeOffs · Recoveries · CurrencyMovement · EndingBalance | |||||||
|---|---|---|---|---|---|---|---|
| (In thousands) | |||||||
| Accounts Receivable — | |||||||
| Allowance for Doubtful Accounts: | |||||||
| 2025 | $25,257 | $1,100 | $— | $(1,764) | $(471) | $378 | $24,500 |
| 2024 | 23,114 | 3,198 | — | (167) | (677) | (211) | 25,257 |
| 2023 | 7,954 | 16,167 | — | (154) | (861) | 8 | 23,114 |
| Inventories — | |||||||
| Excess and Obsolete Allowances: | |||||||
| 2025 | $71,110 | $14,001 | $— | $(11,288) | $(1,946) | $2,218 | $74,095 |
| 2024 | 67,868 | 19,896 | 313 | (12,120) | (3,976) | (871) | 71,110 |
| 2023 | 45,913 | 28,018 | 3,844 | (8,220) | (1,900) | 213 | 67,868 |
| Deferred Income Tax Asset — | |||||||
| Valuation Allowance: | |||||||
| 2025 | $108,064 | $3,507 | $9 | $— | $(59,616) | $610 | $52,574 |
| 2024 | 109,676 | 983 | 1,303 | — | (3,546) | (352) | 108,064 |
| 2023 | 142,330 | 2,360 | 389 | (35,085) | (549) | 231 | 109,676 |
All other financial statement schedules not included in this Annual Report on Form 10-K are omitted because they are not applicable.
- Exhibits
The following exhibits are filed herewith or incorporated herein by reference, as indicated. Documents indicated by an asterisk (*) identify each management contract or compensatory plan.
| ExhibitNumber | Description of Exhibit | The filings referenced for incorporation byreference are Company (Belden Inc.) filings unlessnoted to be those of Belden 1993 Inc. |
| 3.2 | Bylaws | December 6, 2022 Form 8-K, Exhibit 3.1 |
| 4.1 | Indenture relating to 3.375% Senior Subordinated Notes due 2027 | July 10, 2017 Form 8-K, Exhibit 4.1; supplemented by July 31, 2025 Form 10-Q, Exhibit 4.1 |
| 4.2 | Indenture relating to 3.875% Senior Subordinated Notes due 2028 | March 16, 2018 Form 8-K, Exhibit 4.1; supplemented by July 31, 2025 Form 10-Q, Exhibit 4.2 |
| 4.3 | Indenture relating to 3.375% Senior Subordinated Notes due 2031 | August 3, 2021 Form 8-K, Exhibit 4.1; supplemented by July 31, 2025 Form 10-Q Exhibit 4.3 |
| 4.4 | Indenture relating to 4.250% Senior Subordinated Notes due 2033 | January 28, 2026 Form 8-K, Exhibit 4.1 |
| 4.5 | Description of the Registrant's Securities Registered Under Section 12 of the Securities Exchange Act of 1934 | August 3, 2020 Form 10-Q, Exhibit 4.1 |
| 10.2* | Belden Inc. 2011 Long Term Incentive Plan, as amended | April 6,2016 Proxy Statement, Appendix II |
| 10.3* | Belden Inc. 2021 Long Term Incentive Plan | April 8, 2021 Proxy Statement, Appendix II |
| 10.7* | Form of Stretch Achievement Stock Award | August 8, 2022 Form 10-Q, Exhibit 10.1 |
| 10.8* | Belden Inc. Annual Cash Incentive Plan, as amended and restated | February 13, 2024 Form 10-K, Exhibit 10.8 |
| 10.9* | 2004 Belden CDT Inc. Non-Employee Director Deferred Compensation Plan | December 21, 2004 Form 8-K, Exhibit 10.1 |
| 10.13* | Form of Business Protection Agreement with each of the Executive Officers | July 31, 2020 Form 8-K, Exhibit 10.3 |
| 10.14* | Belden Inc. 2021 Employee Stock Purchase Plan | April 8, 2021 Proxy Statement, Appendix III |
| 10.15* | Form of Indemnification Agreement with each of the Directors and Officers | March 1, 2007 Form 10-K, Exhibit 10.39 |
| 10.16 | Second Amended and Restated Credit Agreement | June 2, 2021, Form 8-K, Exhibit 10.1 |
| 10.17 | Amendment No. 1 to Second Amended and Restated Credit Agreement | January 5, 2023 Form 8-K, Exhibit 10.1 |
| 10.18 | Third Amended and Restated Credit Agreement | July 21, 2025 Form 8-K, Exhibit 10.1 |
| ExhibitNumber | Description of Exhibit | The filings referenced for incorporation byreference are Company (Belden Inc.) filings unlessnoted to be those of Belden 1993 Inc. |
| 14.1 | Code of Ethics | August 27, 2025 Form 8-K, Exhibit 14.1 |
| 21.1 | List of Subsidiaries of Belden Inc. | Filed herewith |
| 23.1 | Consent of Independent Registered Accounting Firm | Filed herewith |
| 24.1 | Powers of Attorney from Members of the Board of Directors | Filed herewith |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer | Filed herewith |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer | Filed herewith |
| 32.1 | Section 1350 Certification of the Chief Executive Officer | Filed herewith |
| 32.2 | Section 1350 Certification of the Chief Financial Officer | Filed herewith |
| 97.1 | Policy Relating to Recovery of Erroneously Awarded Compensation | February 13, 2024 Form 10-K, Exhibit 97.1 |
| 101 | The following financial statements from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income, (iv) Consolidated Cash Flow Statements, (v) Consolidated Statements of Stockholders' Equity and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed | |
| 104 | The cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL |
| * | Management contract or compensatory plan |
|---|
Copies of the above Exhibits are available to shareholders at a charge of $0.25 per page, minimum order of $10.00. Direct requests to:
Belden Inc., Attention: Corporate Secretary
1 North Brentwood Boulevard, 15th Floor
St. Louis, Missouri 63105
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.