Benchmark electronics, inc. (BHE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

3,852

-6,931

7,136

9,447

13,773

27,716

7,799

10,943

-23,641

-76,361

17,831

18,074

8,555

18,454

21,742

12,685

11,052

39,421

20,565

21,210

14,205

23,338

16,628

22,150

19,125

67,275

23,726

8,457

11,487

18,115

19,314

13,580

5,598

2,878

19,867

14,701

14,513

19,010

22,469

20,029

18,250

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

9,301

9,192

9,500

9,101

9,319

9,335

9,731

9,832

9,541

9,216

9,038

9,094

9,320

9,775

10,463

10,539

10,621

10,524

10,520

10,845

10,933

10,875

10,543

10,201

9,640

9,883

8,742

8,855

8,699

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment For Amortization

2,891

2,846

2,764

2,852

2,853

2,861

4,829

2,867

2,843

2,865

3,236

2,950

2,953

3,362

3,639

3,454

3,286

2,658

1,490

1,497

1,205

1,589

1,243

1,200

1,158

1,424

1,318

1,094

927

-

-

-

-

-

-

-

-

-

-

-

-

Provision For Doubtful Accounts

0

10,062

0

199

-1,661

-14

1,714

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,016

8,988

8,455

-

8,767

8,958

8,429

9,614

9,798

10,127

10,291

Deferred Income Taxes and Tax Credits

-885

-2,573

-1,349

870

685

-4,235

927

-28,064

39,000

6,841

-779

1,286

74

5,813

-72

2,016

633

-20,262

2,481

3,182

1,818

1,378

3,975

3,381

3,293

-14,787

4,663

2,619

1,719

1,188

3,632

2,446

1,798

-6,506

-12,453

458

510

2,904

-1,577

-1,134

87

Asset impairment

1,007

0

0

834

0

-

-

-

-

0

42

0

0

21

0

0

121

1,117

0

0

84

8

184

610

0

679

971

3,815

39

-

-

-

-

46,506

0

0

24

132

0

0

105

Insurance recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

550

10,748

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on the sale of property, plant and equipment

31

-113

35

27

-2

47

99

70

46

8

27

-30

197

105

-17

43

93

29

41

1

14

56

-47

462

-393

-99

34

1,224

2

25

14

122

68

155

0

37

-2

0

64

38

-33

Stock-based compensation expense

2,739

1,733

2,741

2,948

2,772

1,860

2,824

2,535

2,870

996

2,314

2,345

2,160

1,020

321

1,868

2,113

1,688

2,001

2,080

1,940

801

1,946

2,248

1,432

1,743

1,890

1,867

1,553

1,547

1,673

1,774

1,276

995

1,462

1,516

1,124

1,039

1,211

1,865

1,300

Other Noncash Income (Expense)

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit of stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

0

364

177

-27

149

136

5

12

328

76

20

112

426

69

101

70

114

51

3

23

-1

-49

-6

26

15

330

606

12

228

Changes in operating assets and liabilities:
Accounts receivable

-6,414

-13,755

-14,422

-42,573

-64,176

12,219

12,753

42,399

-33,419

24,572

20,165

10,291

-59,685

24,203

-4,732

8,338

-65,382

-630

-33,611

9,755

-28,361

-13,171

35,568

34,559

-94,818

103,770

-41,899

34,980

-40,218

3,564

-2,708

-15,424

48,927

-34,752

12,285

33,333

-38,569

29,386

10,795

8,258

-8,249

Increase Decrease In Contract Receivables Net

-1,099

-7

5,522

-1,479

16,943

-15,816

7,667

608

1,127

-15,083

8,839

3,095

-6,561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase Decrease In Inventories

23,769

-1,319

230

465

5,862

-11,078

2,279

13,853

38,210

-12,177

-2,731

9,896

29,582

-24,406

23,043

-14,278

-22,756

-25,033

-23,387

17,532

26,914

-32,450

13,865

-21,774

46,512

-38,621

44,303

15,291

-3,141

-51,764

-12,417

-13,285

11,377

3,152

37,484

1,752

30,278

-17,823

-11,381

29,845

47,367

Prepaid expenses and other assets Calc

3,110

450

-1,385

1,497

-3,056

-7,745

-527

3,978

-5,944

-369

948

3,941

3,292

-2,509

-5,562

461

5,403

-5,813

-1,190

5,773

4,432

-1,810

-2,585

4,644

1,029

-1,557

800

551

-6,129

-3,002

-14,714

-3,979

-10,680

-3,472

-2,440

-5,887

-288

4,614

5,887

3,151

4,828

Accounts payable

14,882

296

-72,728

-3,514

-45,914

48,771

-10,483

20,766

2,337

25,620

-12,753

450

16,225

16,856

36,099

55,024

-31,940

-32,166

-12,663

36,419

-32,978

-54,191

38,605

87

-21,147

-4,782

4,253

29,040

-8,786

-5,754

-7,283

-23,921

15,877

8,965

22,889

9,148

-12,611

-6,619

-18,097

-13,267

21,308

Accrued liabilities

-17,166

12,576

29,544

-2,199

-11,044

3,608

18,195

-6,909

-9,116

-2,118

2,249

8,132

5,256

-47

10,055

-8,537

-1,499

-5,062

-4,366

9,969

-5,074

-8,821

838

5,616

1,189

-604

-5,104

9,012

-12,609

4,434

-3,604

5,877

-3,531

12,492

-2,638

-3,851

-3,348

5,916

3,848

-1,454

-2,954

Increase (Decrease) in Leasing Receivables

83

-

-

-

-543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase Decrease In Accrued Income Taxes Payable

-250

-1,508

836

-10,274

659

-18,307

-14,376

8,130

716

85,844

1,734

-514

187

-2,062

1,112

-1,459

201

-576

-561

-111

289

1,343

533

-2,530

-650

12,411

1,593

-73

-3,753

971

82

148

-3,603

1,144

-2,149

-4,099

-3,033

-5,775

1,959

725

1,664

Net Cash Provided By Used In Operating Activities

-3,109

35,822

-11,458

52,358

16,414

93,980

-1,111

-40,712

24,530

55,952

-2,639

14,624

77,905

44,504

70,450

81,053

77,081

28,653

77,609

52,018

-10,905

22,072

27,674

24,960

60,734

-1,068

38,713

12,570

48,648

80,881

52,652

41,435

-23,821

54,618

-11,578

-2,430

14,174

10,029

13,640

-24,413

5,910

Cash flows from investing activities:
Proceeds from sales and maturities of investments

-

-

-

-

-

-

-

-

-

0

0

250

0

-

-

-

-

0

0

49

1

226

9,999

51

6

796

0

0

25

4,800

2,000

9,000

25

50

3,950

5,400

1,750

700

9,850

75

300

Additions to property, plant and equipment

11,856

8,830

9,583

4,837

9,326

12,371

13,729

16,649

20,059

15,753

10,994

17,027

7,012

6,352

8,977

7,449

7,700

5,148

7,672

7,996

16,312

8,468

6,301

14,930

14,512

8,561

6,398

5,167

6,703

13,453

14,032

8,872

11,554

21,640

13,428

10,719

25,609

6,844

9,828

9,617

9,489

Proceeds from the sale of property, plant and equipment

7

28

203

27

1

2

100

80

57

10

35

18

217

120

49

58

130

128

57

8

412

163

87

96

106

112

136

1,638

22

118

30

126

72

183

36

125

25

26

67

134

30

Additions to purchased software

1,040

346

864

584

748

1,428

841

837

818

1,017

363

1,774

566

584

218

917

137

32

204

183

515

307

16

751

104

29

438

1,224

217

74

590

66

394

61

41

4

495

144

-22

69

70

Proceeds from Divestiture of Businesses

1,341

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments To Acquire Businesses Net Of Cash Acquired

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Thailand flood property insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

550

10,748

0

0

0

1,021

12,385

19,932

-9,966

-

-

-

-

-

-

-

-

Payments For Proceeds From Other Investing Activities

-57

25

0

-69

98

17

1

-50

179

1,989

51

-3

108

-6

141

145

-62

-1

-168

36

-55

-4

-4

4

-363

-814

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided By Used In Investing Activities

-11,491

-9,173

-10,244

-5,275

-10,171

-13,814

-14,471

-19,565

-20,999

-18,749

-11,373

-18,530

-7,469

-6,810

1,463

-8,253

-7,645

-234,633

-7,651

-8,158

-16,359

-2,870

3,773

-14,788

-13,591

-71,121

-6,700

-24,023

-6,873

-7,588

-207

188

-1,885

-21,468

-9,483

-5,198

-24,329

-6,262

111

-9,477

-9,229

Cash flows from financing activities:
Proceeds from stock options exercised

359

235

657

414

279

168

86

298

3,079

1,380

1,734

2,953

5,141

13,281

4,721

60

763

293

212

650

821

7,119

980

4,957

5,811

798

4,638

2,446

3,321

1,196

1,205

891

1,365

965

151

616

839

1,506

194

394

1,158

Excess tax benefit of stock options exercised Calc

-

-

-

-

-

-

-

-

-

-

-

-

0

364

177

-27

149

136

5

12

328

76

20

112

426

69

101

70

114

51

3

23

-1

-49

-6

26

15

330

606

12

228

Payments Related To Tax Withholding For Share Based Compensation

1,767

913

76

6

1,236

586

51

8

763

0

4

21

358

14

18

-32

568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments Of Dividends

5,538

5,556

5,652

5,876

6,203

6,770

7,099

7,136

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds From Issuance Of Medium Term Notes

110,000

0

0

0

0

0

0

0

50,000

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt and capital lease obligations

17,187

2,180

2,173

2,167

274

266

48,637

4,570

54,551

103,108

3,103

3,103

3,082

28,077

3,075

3,071

3,078

20,176

173

172

155

151

150

149

132

129

128

128

112

109

110

106

94

91

92

100

80

77

78

80

65

Payments for Repurchase of Common Stock

19,329

3,760

18,311

38,959

61,080

89,805

56,185

7,487

58,381

23,461

3,887

1,000

1,000

1,067

11,547

15,110

14,205

16,042

17,765

18,780

15,778

18,755

13,150

7,358

4,537

10,495

9,426

9,169

12,078

15,719

8,095

19,357

3,935

3,093

28,508

20,126

4,554

5,278

21,025

14,882

17,670

Payments For Repurchase Of Other Equity

-

-

-

-

-

-

-

0

10,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Financing Costs

-

-

-

-

-

-

-

-

-

0

0

-1

434

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided By Used In Financing Activities

66,538

-12,174

-25,555

-46,594

-68,514

-97,259

-104,189

-18,903

-70,616

-25,189

-5,260

-1,170

267

9,487

-9,742

-18,116

-16,939

209,861

-17,721

-18,290

-14,784

-11,711

-12,300

-2,438

1,568

-9,757

-4,815

-6,781

-8,755

-14,645

-7,864

-18,549

-2,665

-2,268

-28,455

-19,584

-3,780

-3,519

-20,303

-14,556

-16,349

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-4,108

1,439

-1,314

808

-515

-518

-155

-1,508

866

386

107

1,910

341

-1,431

264

-603

675

20

542

149

-1,732

-351

-780

-59

-72

941

460

282

-745

153

385

1,070

1,119

-807

-3,147

193

1,117

-202

1,374

-645

-1,007

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

47,830

15,914

-48,571

1,297

-62,786

-17,611

-119,926

-80,688

-66,219

12,400

-19,165

-3,166

71,044

45,750

62,435

54,081

53,172

3,901

52,779

25,719

-43,780

7,140

18,367

7,675

48,639

-81,005

27,658

-17,952

32,275

58,801

44,966

24,144

-27,252

30,075

-52,663

-27,019

-12,818

46

-5,178

-49,091

-20,675