BHE FY 2007 Earnings Report — Benchmark Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Benchmark Electronics, Inc.BHE

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.9B	—	0.3%
Op. Income	$92M	—	$126M	—	-27.0%
Gross Margin	6.8%	—	6.9%	—	-0.0pp
Net Margin	3.2%	—	3.8%	—	-0.6pp
EPS (Diluted)	$1.27	—	$1.71	—	-25.7%
Free Cash Flow	$262M	—	-$125M	—	309.0%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$94M
Other Expenses	$2M
Operating Expenses	$96M
Cost & Expenses	$2.8B
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$101M
Income Tax Expense	$8M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$926.0K
NET INCOME	$93M
Net Income Deductions	-$147.0K
BOTTOM LINE NET INCOME	$92M
D&A	$43M
EBIT	$102M
EBITDA	$147M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$94M
Other Expenses	$2M
Operating Expenses	$96M
Cost & Expenses	$2.8B
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$101M
Income Tax Expense	$8M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$926.0K
NET INCOME	$93M
Net Income Deductions	-$147.0K
BOTTOM LINE NET INCOME	$92M
D&A	$43M
EBIT	$102M
EBITDA	$147M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$43M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	$2M
Change in Working Capital	$134M
OPERATING CASH FLOW	$282M
Capital Expenditure	-$21M
Acquisitions (Net)	$3M
Purchases of Investments	-$551M
Sales/Maturities of Investments	$469M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$97M
Net Debt Issuance	-$72M
Common Stock Repurchased	-$53M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$262M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$199M
Short-Term Investments	$183M
Net Receivables	$486M
Inventory	$362M
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$144M
Goodwill	$284M
Intangible Assets	$16M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$458M
TOTAL ASSETS	$1.8B
Account Payables	$359M
Short-Term Debt	$430.0K
Deferred Revenue	$60M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$421M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$53M
TOTAL LIABILITIES	$474M
Common Stock	$7M
Additional Paid-In Capital	$793M
Retained Earnings	$487M
Treasury Stock	-$272.0K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$13M
Net Debt	-$187M