Flex Ltd. (FLEX) Financial Statements (2026 and earlier)

Company Profile

Business Address 12515-8 RESEARCH BLVD
AUSTIN, TX 78759
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 3672 - Printed Circuit Boards (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
12/31/2025
MRQ
3/31/2025
3/31/2024
3/31/2023
3/31/2022
3/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0572,2892,4743,2942,9642,637
Cash and cash equivalent3,0572,2892,4743,2942,9642,637
Receivables3,8373,6713,0333,7393,3714,106
Inventory, net of allowances, customer advances and progress billings5,5495,0716,2057,5306,5803,895
Inventory5,5495,0716,2057,5306,5803,895
Other current assets1,8281,1941,031917903590
Other undisclosed current assets881616249541519135
Total current assets:15,15212,84112,99216,02114,33711,363
Noncurrent Assets
Operating lease, right-of-use asset667562601608637642
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,3932,3302,2692,3492,1252,097
Intangible asset, including goodwill, after accumulated amortization1,6751,6841,3801,6591,7531,303
Goodwill1,3751,3411,1351,3431,3421,090
Intangible asset, excluding goodwill, after accumulated amortization300343245316411213
Other noncurrent assets9339641,015758473431
Total noncurrent assets:5,6685,5405,2655,3744,9884,473
TOTAL ASSETS:20,82018,38118,25721,39519,32515,836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0725,7074,9566,4526,7245,720
Employee-related liabilities✕✕✕✕✕470473
Accounts payable6,4825,1474,4685,9306,2545,247
Accrued liabilities590560488522  
Deferred revenue     2,002 
Debt 6751,209 150949268
Restructuring reserve31517950  
Other liabilities1,1509779681,1101,0361,846
Other undisclosed current liabilities1,9281,9062,5363,093  
Total current liabilities:10,8569,8508,53910,85510,7117,834
Noncurrent Liabilities
Long-term debt and lease obligation3,7602,4833,2613,6913,7994,077
Long-term debt, excluding current maturities3,7602,4833,2613,6913,2483,515
Liabilities, other than long-term debt1,0831,0461,1321,143608489
Other liabilities500590642637608489
Operating lease, liability583456490506551562
Total noncurrent liabilities:4,8433,5294,3934,8344,4074,566
Total liabilities:15,69913,37912,93215,68915,11812,400
Temporary equity, including noncontrolling interest     78 
Equity
Equity, attributable to parent, including:5,1215,0025,3255,351(1,923)(2,796)
Treasury stock, value(200)(200) (388)(388)(388)
Accumulated other comprehensive loss(104)(224)(195)(194)(182)(119)
Retained earnings (accumulated deficit)1,9141,284446(560)(1,353)(2,289)
Other undisclosed equity, attributable to parent3,5114,1425,0746,493  
Equity, attributable to noncontrolling interest    355  
Other undisclosed equity     6,0526,232
Total equity:5,1215,0025,3255,7064,1293,436
TOTAL LIABILITIES AND EQUITY:20,82018,38118,25721,39519,32515,836

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
12/31/2025
TTM
3/31/2025
3/31/2024
3/31/2023
3/31/2022
3/31/2021
Revenues24,34025,81326,41530,34626,04124,124
Cost of revenue
(Cost of Product and Service Sold)		(22,190)(23,584)(24,395)(28,058)(24,094)(22,349)
Other undisclosed gross profit(20)(70)(155)(23)(15)(88)
Gross profit:2,1302,1591,8652,2651,9321,687
Operating expenses(976)(974)(992)(1,077)(960)(879)
Other operating expense, net
(Other Expenses)		(33)(33)(46)   
Other undisclosed operating income (loss)291726(4)(0) 
Operating income:1,1501,1698531,184972808
Nonoperating income (expense)6514(44)(5)22567
Investment income, nonoperating 38     
Other nonoperating income (expense)2714(44)(5)22567
Interest and debt expense(248)(218)(207)(187)(153)(150)
Income from continuing operations before equity method investments, income taxes:9679656029921,044725
Income (loss) from equity method investments(26)(3)8(4)  
Other undisclosed income (loss) from continuing operations before income taxes396156(14)1(11)
Income from continuing operations before income taxes:9801,0236669741,045714
Income tax expense (benefit)(362)(185)20659(105)(101)
Income from continuing operations:6188388721,033940613
Income before gain (loss) on sale of properties:✕✕✕✕✕940613
Income from discontinued operations   373   
Net income:6188381,2451,033940613
Net loss attributable to noncontrolling interest   (239)(240)(4) 
Other undisclosed net income attributable to parent 239     
Net income available to common stockholders, diluted:8578381,006793936613

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
12/31/2025
TTM
3/31/2025
3/31/2024
3/31/2023
3/31/2022
3/31/2021
Net income:6188381,2451,033940613
Other comprehensive income (loss)(81)(29)(1)(12)(63)96
Comprehensive income:5378091,2441,021877709
Comprehensive loss, net of tax, attributable to noncontrolling interest   (239)(240)(4) 
Other undisclosed comprehensive income, net of tax, attributable to parent 359     
Comprehensive income, net of tax, attributable to parent:8968091,005781873709

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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