Company: BHE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000950170-25-061313
Chunk: 0

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 0
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BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(unaudited)

     March 31,

     December 31,

     (in thousands, except par value)
      
     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     355,340

     $
     315,152

     Restricted cash

     —

     12,875

     Accounts receivable, net of allowance for doubtful accounts of   $241

     374,108

     412,458

     Contract assets

     171,988

     167,578

     Inventories

     560,285

     553,654

     Prepaid expenses and other current assets

     43,571

     42,512

     Total current assets

     1,505,292

     1,504,229

     Property, plant and equipment, net

     224,258

     225,097

     Operating lease right-of-use assets

     114,141

     117,995

     Goodwill

     192,116

     192,116

     Deferred income taxes

     35,207

     33,892

     Other long-term assets

     64,605

     66,135

     Total assets
      
     $
     2,135,619

     $
     2,139,464

     Liabilities and Shareholders’ Equity

     Current liabilities:

     Current installments of long-term debt
      
     $
     6,690

     $
     6,737

     Accounts payable

     384,460

     354,218

     Advance payments from customers

     127,858

     143,614

     Income taxes payable

     22,823

     22,119

     Accrued liabilities

     94,590

     122,411

     Total current liabilities

     636,421

     649,099

     Long-term debt, net of current installments

     268,946

     250,457

     Operating lease liabilities

     106,438

     108,997

     Other long-term liabilities

     19,116

     17,598

     Total liabilities

     1