Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 76

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 76
---
4,283

    Accounts payable

    354,218

    367,480

    Advance payments from customers

    143,614

    204,883

    Income taxes payable

    22,119

    22,225

    Accrued liabilities

    122,411

    114,676

    Total current liabilities

    649,099

    713,547

    Long-term debt, net of current installments

    250,457

    326,674

    Operating lease liabilities

    108,997

    123,385

    Other long-term liabilities

    17,598

    32,064

    Commitments and contingencies

    Shareholders’ equity:

    Preferred stock, $0.10 par value; 5,000 shares authorized,   none issued

    —

    —

    Common stock, $0.10 par value; 145,000 shares authorized;   issued and outstanding – 35,992 and 35,664, respectively

    3,599

    3,566

    Additional paid-in capital

    534,945

    528,842

    Retained earnings

    596,010

    560,537

    Accumulated other comprehensive loss

    (21,241
    )

    (13,860
    )

    Total shareholders’ equity

    1,113,313

    1,079,085

    Total liabilities and shareholders’ equity
     
    $
    2,139,464

    $
    2,274,755

See accompanying notes to the consolidated financial statements.

43

BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Consolidated Statements of Income

    Year Ended December 31,

    (in thousands, except per share data)
     
    2024

    2023

    2022

    Sales
     
    $
    2,656,105

    $
    2,838,976

    $
    2,886,331

    Cost of sales

    2,386,081

    2,567,906

    2,631,096

    Gross profit

    270,024

    271,070

    255,235

    Selling, general and administrative expenses