Benchmark Electronics, Inc. Financial Statements — BHE Stock

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	2,089	2,402	2,253	2,468	2,506	2,797	2,541	2,322	2,454	2,566	2,268	2,053	2,255	2,886	2,839
+ Sales & Services Revenue	2,089	2,402	2,253	2,468	2,506	2,797	2,541	2,322	2,454	2,566	2,268	2,053	2,255	2,886	2,839
- Cost of Revenue	1,943	2,215	2,114	2,291	2,320	2,577	2,322	2,108	2,229	2,361	2,083	1,878	2,049	2,631	2,568
+ Cost of Goods & Services	1,943	2,215	2,114	2,291	2,320	2,577	2,322	2,108	2,229	2,361	2,083	1,878	2,049	2,631	2,568
Gross Profit	147	187	139	177	186	220	219	215	226	206	186	175	206	255	271
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	86	92	90	90	99	116	112	125	140	138	136	131	143	157	153
+ Selling, General & Admin	86	92	90	90	99	112	107	113	130	128	127	122	137	150	147
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	4	5	12	10	9	9	9	6	6	6
Operating Income (Loss)	61	95	49	87	87	104	107	89	85	68	49	44	63	99	118
- Non-Operating (Income) Loss	9	8	8	11	-29	6	17	20	14	12	22	26	17	14	37
+ Interest Expense, Net	-1	- -	- -	- -	- -	- -	2	7	4	4	3	7	8	11	26
+ Interest Expense	1	1	1	2	2	2	3	9	9	10	7	8	8	13	32
- Interest Income	2	2	2	1	2	2	1	2	5	7	4	1	1	2	6
+ Other Non-Op (Income) Loss	10	8	8	11	-29	6	15	13	10	9	19	19	9	3	11
Pretax Income	52	87	41	75	116	99	90	69	71	56	27	17	45	84	81
- Income Tax Expense (Benefit)	-2	7	-11	19	5	17	-5	5	103	33	4	3	10	16	17
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	54	80	52	57	111	81	95	64	-32	23	23	14	36	68	64
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	54	80	52	57	111	81	95	64	-32	23	23	14	36	68	64
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	54	80	52	57	111	81	95	64	-32	23	23	14	36	68	64
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	54	80	52	57	111	81	95	64	-32	23	23	14	36	68	64
Basic Weighted Avg Shares	65	62	59	56	54	54	52	49	50	46	38	37	36	35	36
Basic EPS, GAAP	0.83	1.28	0.88	1.01	2.05	1.52	1.85	1.3	-0.64	0.49	0.61	0.38	1	1.94	1.81
Basic EPS from Cont Ops	0.83	1.28	0.88	1.01	2.05	1.52	1.85	1.3	-0.64	0.49	0.61	0.38	1	1.94	1.81
Diluted Weighted Avg Shares	65	63	60	57	55	54	52	50	50	47	39	37	36	36	36
Diluted EPS, GAAP	0.83	1.27	0.87	1	2.03	1.5	1.83	1.28	-0.64	0.49	0.6	0.38	0.99	1.91	1.79
Diluted EPS from Cont Ops	0.83	1.27	0.87	1	2.03	1.5	1.83	1.28	-0.64	0.49	0.6	0.38	0.99	1.91	1.79
EBITDA	101	135	85	122	128	151	157	145	134	120	98	93	107	143	163
EBITDA Margin (%)	4.83	5.62	3.76	4.96	5.11	5.38	6.16	6.22	5.46	4.67	4.31	4.51	4.74	4.95	5.76
EBITA	61	95	49	87	87	104	107	89	85	68	49	44	63	99	118
EBIT	61	95	49	87	87	104	107	89	85	68	49	44	63	99	118
Gross Margin (%)	7.02	7.8	6.16	7.16	7.44	7.88	8.63	9.24	9.2	8.02	8.18	8.53	9.13	8.84	9.55
Operating Margin (%)	2.92	3.96	2.18	3.52	3.48	3.72	4.2	3.85	3.48	2.65	2.17	2.13	2.79	3.42	4.16
Profit Margin (%)	2.58	3.32	2.31	2.29	4.43	2.9	3.75	2.75	-1.3	0.89	1.03	0.68	1.59	2.36	2.27
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.45	0.61	0.63	0.65	0.66	0.66
Depreciation Expense	40	40	35	36	41	46	50	55	49	52	48	49	44	44	45

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	1,199	1,219	1,201	1,214	1,343	1,379	1,389	1,532	1,631	1,404	1,195	1,202	1,348	1,652	1,636
+ Cash, Cash Equivalents & STI	421	346	284	385	346	427	466	681	743	458	348	391	272	207	277
+ Cash & Cash Equivalents	421	346	284	385	346	427	466	681	743	458	348	391	272	207	277
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	421	458	433	467	563	521	479	441	583	608	487	453	511	676	624
+ Accounts Receivable, Net	417	456	426	459	560	520	479	441	437	468	324	309	356	492	449
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	4	2	7	8	3	1	- -	- -	147	140	162	143	156	184	175
+ Inventories	316	362	392	324	397	401	412	381	269	310	315	327	523	728	684
+ Raw Materials	237	275	294	213	245	267	276	233	258	300	304	313	504	710	659
+ Work In Process	54	61	72	67	85	85	86	113	9	7	8	9	15	16	22
+ Finished Goods	24	27	26	44	67	50	49	35	2	2	3	6	4	2	3
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	41	52	93	38	38	29	31	28	36	27	46	32	42	41	50
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	267	259	299	287	315	297	505	467	479	496	565	542	548	575	639
+ Property, Plant & Equip, Net	126	127	164	176	185	190	178	166	186	211	283	265	286	305	359
+ Property, Plant & Equip	406	430	477	506	532	553	557	573	619	672	761	746	759	790	865
- Accumulated Depreciation	280	303	313	330	346	363	379	406	432	461	479	480	473	486	506
+ LT Investments & Receivables	46	35	25	10	10	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	46	35	25	10	10	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	95	96	111	101	119	106	327	301	292	285	282	277	262	271	280
+ Total Intangible Assets	38	38	38	38	45	46	199	192	192	276	268	262	256	192	192
+ Goodwill	38	38	38	38	45	46	199	192	192	192	192	192	192	192	192
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	84	76	70	64	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	57	58	73	63	75	60	128	109	101	9	14	15	6	79	88
Total Assets	1,466	1,478	1,500	1,501	1,657	1,675	1,894	1,999	2,109	1,900	1,760	1,744	1,904	2,227	2,275
+ Payables & Accruals	339	321	352	330	398	358	321	400	460	530	413	388	535	547	504
+ Accounts Payable	276	257	286	261	321	290	251	326	363	422	303	282	427	424	367
+ Accrued Taxes	6	5	5	4	10	5	5	4	12	10	8	6	6	12	22

Benchmark Electronics, Inc.

Income Statement

Balance Sheet