Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 4

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 4
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 |
| Shares withheld for taxes         |     |        |   (206 | ) |     |        |   (21 | ) |     |            |  (6,271 | ) |     |          |       — |   |     |               |       — |   |     |               |    (6,292 | ) |
| Balances, December 31, 2024       |     |        | 35,992 |   |     | $      | 3,599 |   |     | $          | 534,945 |   |     | $        | 596,010 |   |     | $             | (21,241 | ) |     | $             | 1,113,313 |   |

<div align='center'>See accompanying notes to the consolidated financial statements.

4

BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows</div>

|                                                                                             | (in thousands) | Year Ended December 31, |     2024 |   |     |   |     2023 |   |     |   |     2022 |   |
|:--------------------------------------------------------------------------------------------|:---------------|:------------------------|---------:|:--|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Cash flows from operating activities:                                                       |                |                         |          |   |     |   |          |   |     |   |          |   |
| Net income                                                                                  |                | $                       |   63,327 |   |     | $ |   64,315 |   |     | $ |   68,229 |   |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |                |                         |          |   |     |   |          |   |     |   |          |   |
| Depreciation                                                                                |                |                         |   35,911 |   |     |   |   34,368 |   |     |   |   33,339 |   |
| Amortization                                                                                |                |                         |   10,233 |   |     |   |   11,042 |   |     |   |   10,913 |   |
| Stock-based compensation expense                                                            |                |                         |   13,366 |   |     |   |