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BENCHMARK ELECTRONICS INC (BHE)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  1,569.21,328.81,322.71,509.01,741.31,650.81,624.11,848.5
    Americas      1,647.41,584.71,589.91,615.4
    Asia      801.3777.6653.9878.3
    Europe      186.5177.0254.3221.9
    Other  1,442.31,016.2807.5837.8    
Total revenues  3,011.52,344.92,130.22,346.82,635.22,454.52,322.32,540.9
            Revenue growth   [+]28.4%10.1%-9.2%-10.9%7.4%5.7%-8.6%-9.2%
Cost of goods sold  2,631.12,049.41,878.12,082.62,360.62,228.62,107.62,321.6
Gross profit  380.4295.5252.2264.2274.6225.9214.7219.3
            Gross margin  12.6%12.6%11.8%11.3%10.4%9.2%9.2%8.6%
Selling, general and administrative      128.4130.4113.4107.5
Other operating expenses      68.8 11.85.0
EBITDA   [+]424.7339.7300.9312.7119.7134.1144.5156.5
            EBITDA margin  14.1%14.5%14.1%13.3%4.5%5.5%6.2%6.2%
Depreciation  37.937.839.739.038.436.741.442.8
EBITA  386.8301.9261.3273.781.397.5103.1113.7
            EBITA margin  12.8%12.9%12.3%11.7%3.1%4.0%4.4%4.5%
Amortization of intangibles  6.46.49.19.513.412.013.76.9
EBIT   [+]380.4295.5252.2264.267.985.589.4106.8
            EBIT margin  12.6%12.6%11.8%11.3%2.6%3.5%3.8%4.2%
Non-recurring items      9.48.612.513.9
Interest expense, net   [+]-1.7-0.5-1.2-3.83.64.07.21.8
Other income (expense), net  -284.9-242.2-227.7-234.10.6-1.8-0.3-1.1
Pre-tax income  84.345.417.327.355.571.069.490.0
Income taxes  16.19.63.23.832.7102.95.5-5.4
            Tax rate  19.1%21.2%18.7%14.1%58.9%144.9%7.9% 
Net income  68.235.814.123.422.8-31.963.995.4
            Net margin  2.3%1.5%0.7%1.0%0.9%-1.3%2.8%3.8%
   
Basic EPS   [+]$1.94$1.00$0.38$0.61$0.49($0.64)$1.30$1.85
Diluted EPS   [+]$1.91$0.99$0.38$0.60$0.49($0.64)$1.28$1.83
   
Dividends per share   [+]    $0.45   
   
Shares outstanding (basic)   [+]35.235.736.538.346.349.749.351.6
Shares outstanding (diluted)   [+]35.736.136.838.846.749.749.852.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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