BENCHMARK ELECTRONICS INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
BHE$60.40+1.8%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (in thousands, except par value) | 2024 | 2023 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $324,423 | $277,391 |
| Restricted cash | — | 5,822 |
| Accounts receivable, net of allowance for doubtful accounts of $241 and $470, respectively | 372,276 | 449,404 |
| Contract assets | 186,538 | 174,979 |
| Inventories | 581,901 | 683,801 |
| Prepaid expenses and other current assets | 43,569 | 44,350 |
| Total current assets | 1,508,707 | 1,635,747 |
| Property, plant and equipment, net | 224,164 | 227,698 |
| Operating lease right-of-use assets | 122,117 | 130,830 |
| Goodwill | 192,116 | 192,116 |
| Deferred income taxes | 33,573 | 26,943 |
| Other long-term assets | 68,320 | 61,421 |
| Total assets | $2,148,997 | $2,274,755 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Current installments of long-term debt | $6,751 | $4,283 |
| Accounts payable | 356,038 | 367,480 |
| Advance payments from customers | 145,350 | 204,883 |
| Income taxes payable | 23,865 | 22,225 |
| Accrued liabilities | 107,127 | 114,676 |
| Total current liabilities | 639,131 | 713,547 |
| Long-term debt, net of current installments | 272,000 | 326,674 |
| Operating lease liabilities | 114,181 | 123,385 |
| Other long-term liabilities | 21,009 | 32,064 |
| Shareholders’ equity: | ||
| Preferred stock, $0.10 par value; 5,000 shares authorized, none issued | — | — |
| Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding – 35,969 and 35,664, respectively | 3,597 | 3,566 |
| Additional paid-in capital | 532,417 | 528,842 |
| Retained earnings | 583,737 | 560,537 |
| Accumulated other comprehensive loss | (17,075) | (13,860) |
| Total shareholders’ equity | 1,102,676 | 1,079,085 |
| Total liabilities and shareholders’ equity | $2,148,997 | $2,274,755 |
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