Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 145

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 145
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 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

    15,286

    18,485

    Provision for doubtful accounts

    671

    1,321

    489

    Deferred income taxes

    (5,928
    )

    (14,992
    )

    (7,248
    )

    Asset impairments

    —

    1,075

    —

    Gain on the sale of property, plant and equipment

    —

    (101
    )

    (289
    )

    Gain on assets held for sale

    —

    —

    (393
    )

    Changes in operating assets and liabilities:

    Accounts receivable

    33,953

    42,050

    (136,455
    )

    Contract assets

    7,401

    8,634

    (28,370
    )

    Inventories

    127,840

    45,071

    (206,247
    )

    Prepaid expenses and other assets

    (8,159
    )

    (4,648
    )

    (6,467
    )

    Accounts payable

    (18,283
    )

    (35,320
    )

    (16,656
    )

    Advance payments from customers

    (61,269
    )

    6,946

    79,813

    Accrued liabilities

    (9,858
    )

    (13,093
    )

    6,303

    Operating leases

    131

    2,414

    441

    Income taxes

    (111
    )

    9,926

    6,646

    Net cash provided by (used in) operating activities

    189,225

    174,294

    (177,467
    )

    Cash flows from investing activities:

    Additions to property, plant and equipment

    (