Company: BHE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000950170-25-100970
Chunk: 0

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 0
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BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(unaudited)

     June 30,

     December 31,

     (in thousands, except par value)
      
     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     264,647

     $
     315,152

     Restricted cash

     —

     12,875

     Accounts receivable, net of allowance for doubtful accounts of   $150 and $241, respectively

     369,246

     412,458

     Contract assets

     175,101

     167,578

     Inventories

     531,986

     553,654

     Prepaid expenses and other current assets

     56,010

     42,512

     Total current assets

     1,396,990

     1,504,229

     Property, plant and equipment, net

     223,809

     225,097

     Operating lease right-of-use assets

     110,771

     117,995

     Goodwill

     192,116

     192,116

     Deferred income taxes

     37,425

     33,892

     Other long-term assets

     69,734

     66,135

     Total assets
      
     $
     2,030,845

     $
     2,139,464

     Liabilities and Shareholders’ Equity

     Current liabilities:

     Current installments of long-term debt
      
     $
     3,830

     $
     6,737

     Accounts payable

     354,715

     354,218

     Advance payments from customers

     126,463

     143,614

     Income taxes payable

     6,157

     22,119

     Accrued liabilities

     100,985

     122,411

     Total current liabilities

     592,150

     649,099

     Long-term debt, net of current installments

     203,418

     250,457

     Operating lease liabilities

     104,896

     108,997

     Other long-term liabilities

     20,617

     17,598