BHE FY 2012 Earnings Report — Benchmark Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Benchmark Electronics, Inc.BHE

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.3B	—	9.5%
Op. Income	$76M	—	$41M	—	83.0%
Gross Margin	7.2%	—	6.2%	—	1.0pp
Net Margin	2.3%	—	2.3%	—	-0.0pp
EPS (Diluted)	$1.00	—	$0.87	—	14.9%
Free Cash Flow	$102M	—	-$17M	—	693.2%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$154.0K
Operating Expenses	$90M
Cost & Expenses	$2.4B
OPERATING INCOME	$76M
Interest Income	$1M
Interest Expense	$2M
Other Income/Expenses	-$120.0K
INCOME BEFORE TAX	$75M
Income Tax Expense	$19M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$36M
EBIT	$77M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$154.0K
Operating Expenses	$90M
Cost & Expenses	$2.4B
OPERATING INCOME	$76M
Interest Income	$1M
Interest Expense	$2M
Other Income/Expenses	-$120.0K
INCOME BEFORE TAX	$75M
Income Tax Expense	$19M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$36M
EBIT	$77M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$36M
Stock-Based Compensation	$6M
Deferred Income Tax	$9M
Other Non-Cash Items	-$305.0K
Change in Working Capital	$44M
OPERATING CASH FLOW	$151M
Capital Expenditure	-$49M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$16M
Other Investing Activities	$24M
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$419.0K
Common Stock Repurchased	-$47M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$102M
Net Change in Cash	$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$385M
Short-Term Investments	$0
Net Receivables	$459M
Inventory	$324M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$176M
Goodwill	$38M
Intangible Assets	$13M
Long-Term Investments	$10M
Tax Assets	$30M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$287M
TOTAL ASSETS	$1.5B
Account Payables	$261M
Short-Term Debt	$497.0K
Deferred Revenue	$0
Other Current Liabilities	-$497.0K
TOTAL CURRENT LIABILITIES	$331M
Long-Term Debt	$0
Deferred Revenue NC	-$2M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$362M
Common Stock	$6M
Additional Paid-In Capital	$651M
Retained Earnings	$494M
Treasury Stock	-$272.0K
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$11M
Net Debt	-$374M