Company: BHE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001193125-25-266701
Chunk: 0

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 0
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BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(unaudited)

     September 30,

     December 31,

     (in thousands, except par value)
      
     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     285,419

     $
     315,152

     Restricted cash

     642

     12,875

     Accounts receivable, net of allowance for doubtful accounts of   $140 and $241, respectively

     377,978

     412,458

     Contract assets

     199,007

     167,578

     Inventories

     509,005

     553,654

     Prepaid expenses and other current assets

     63,363

     42,512

     Total current assets

     1,435,414

     1,504,229

     Property, plant and equipment, net

     226,234

     225,097

     Operating lease right-of-use assets

     106,436

     117,995

     Goodwill

     192,116

     192,116

     Deferred income taxes

     36,931

     33,892

     Other long-term assets

     70,218

     66,135

     Total assets
      
     $
     2,067,349

     $
     2,139,464

     Liabilities and Shareholders’ Equity

     Current liabilities:

     Current installments of long-term debt
      
     $
     3,782

     $
     6,737

     Accounts payable

     382,660

     354,218

     Advance payments from customers

     124,164

     143,614

     Income taxes payable

     2,427

     22,119

     Accrued liabilities

     105,900

     122,411

     Total current liabilities

     618,933

     649,099

     Long-term debt, net of current installments

     212,622

     250,457

     Operating lease liabilities

     101,801

     108,997

     Other long-term liabilities

     21,839

     17,598