Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 79

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 79
---
,100
    )

    —

    (9,391
    )

    Net cash (used in) provided by financing activities

    (109,106
    )

    (23,578
    )

    159,229

    Effect of exchange rate changes on cash, cash equivalents and restricted cash

    (2,538
    )

    2,205

    (4,907
    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

    44,814

    75,783

    (64,319
    )

    Cash, cash equivalents and restricted cash at the beginning of the year

    283,213

    207,430

    271,749

    Cash, cash equivalents and restricted cash at the end of the year
     
    $
    328,027

    $
    283,213

    $
    207,430

    Supplemental cash flow information:

    Income taxes paid, net
     
    $
    46,727

    $
    37,659

    $
    28,478

    Interest paid

    28,032

    30,551

    11,627

    Non-cash investing activities:

    Unpaid purchases of property, plant and equipment at the end of the period

    5,025

    1,558

    23,734

    Unpaid purchases of capitalized purchased software costs at the end of the period

    1,320

    —

    —

See accompanying notes to the consolidated financial statements.

47

BENCHMARK ELECTRONICS, INC.

Notes to the Consolidated Financial Statements

(Amounts in thousands, except per share data, unless otherwise noted)

Note 1—Summary of Significant Accounting Policies(a) Business Benchmark Electronics, Inc. (Benchmark or the Company) is a Texas corporation that provides advanced manufacturing services, which include design and engineering services and technology solutions. From initial product concept to volume production, including direct order fulfillment and aftermarket services, the Company has been providing integrated services and solutions to original equipment manufacturers (OEMs) since 1979. The Company serves the following market sectors: industrial, aerospace and defense (A&D), medical, semiconductor capital equipment (semi-cap), and advanced computing and communications (AC&C). The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe.(b) Principles of Consolidation