Flex Ltd. (FLEX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2 CHANGI SOUTH LANE SINGAPORE, 486123 |
| 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)
| 12/31/2024 MRQ | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,474 | 3,294 | 2,964 | 2,637 | 1,923 | 1,697 | |||
| Cash and cash equivalent | 2,474 | 3,294 | 2,964 | 2,637 | 1,923 | 1,697 | |||
| Receivables | 3,033 | 3,739 | 3,371 | 4,106 | 2,436 | 2,613 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,205 | 7,530 | 6,580 | 3,895 | 3,785 | 3,723 | |||
| Inventory | 6,205 | 7,530 | 6,580 | 3,895 | 3,785 | 3,723 | |||
| Other current assets | 1,031 | 917 | 903 | 590 | 660 | 855 | |||
| Other undisclosed current assets | 249 | 541 | 519 | 135 | 282 | 216 | |||
| Total current assets: | 12,992 | 16,021 | 14,337 | 11,363 | 9,086 | 9,103 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 601 | 608 | 637 | 642 | 605 | ✕ | |||
| Property, plant and equipment | 2,269 | 2,349 | 2,125 | 2,097 | 2,216 | 2,336 | |||
| Intangible assets, net (including goodwill) | 1,380 | 1,659 | 1,753 | 1,303 | 1,327 | 1,404 | |||
| Goodwill | 1,135 | 1,343 | 1,342 | 1,090 | 1,065 | 1,073 | |||
| Intangible assets, net (excluding goodwill) | 245 | 316 | 411 | 213 | 262 | 331 | |||
| Other noncurrent assets | 1,015 | 758 | 473 | 431 | 455 | 656 | |||
| Total noncurrent assets: | 5,265 | 5,374 | 4,988 | 4,473 | 4,603 | 4,396 | |||
| TOTAL ASSETS: | 18,257 | 21,395 | 19,325 | 15,836 | 13,690 | 13,499 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,956 | 6,452 | 6,724 | 5,720 | 5,472 | 5,539 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 470 | 473 | 364 | 392 | ||
| Accounts payable | 4,468 | 5,930 | 6,254 | 5,247 | 5,108 | 5,147 | |||
| Accrued liabilities | 488 | 522 | |||||||
| Deferred revenue | 2,002 | ✕ | |||||||
| Debt | 150 | 949 | 268 | 149 | 633 | ||||
| Restructuring reserve | 79 | 50 | |||||||
| Other liabilities | 968 | 1,110 | 1,036 | 1,846 | 1,590 | 1,426 | |||
| Other undisclosed current liabilities | 2,536 | 3,093 | |||||||
| Total current liabilities: | 8,539 | 10,855 | 10,711 | 7,834 | 7,211 | 7,598 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,261 | 3,691 | 3,799 | 4,077 | 3,218 | 2,422 | |||
| Long-term debt, excluding current maturities | 3,261 | 3,691 | 3,248 | 3,515 | 2,689 | 2,422 | |||
| Liabilities, other than long-term debt | 1,132 | 1,143 | 608 | 489 | 429 | 508 | |||
| Other liabilities | 642 | 637 | 608 | 489 | 429 | 508 | |||
| Operating lease, liability | 490 | 506 | 551 | 562 | 529 | ✕ | |||
| Total noncurrent liabilities: | 4,393 | 4,834 | 4,407 | 4,566 | 3,647 | 2,929 | |||
| Total liabilities: | 12,932 | 15,689 | 15,118 | 12,400 | 10,858 | 10,527 | |||
| Temporary equity, including noncontrolling interest | 78 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 5,325 | 5,351 | (1,923) | (2,796) | (3,505) | (3,551) | |||
| Treasury stock, value | (388) | (388) | (388) | (388) | (388) | ||||
| Accumulated other comprehensive loss | (195) | (194) | (182) | (119) | (215) | (151) | |||
| Retained earnings (accumulated deficit) | 446 | (560) | (1,353) | (2,289) | (2,902) | (3,012) | |||
| Other undisclosed equity, attributable to parent | 5,074 | 6,493 | |||||||
| Equity, attributable to noncontrolling interest | 355 | ||||||||
| Other undisclosed equity | 6,052 | 6,232 | 6,336 | 6,524 | |||||
| Total equity: | 5,325 | 5,706 | 4,129 | 3,436 | 2,831 | 2,972 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,257 | 21,395 | 19,325 | 15,836 | 13,690 | 13,499 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,415 | 30,346 | 26,041 | 24,124 | 24,210 | 26,211 | ||
| Cost of revenue (Cost of Product and Service Sold) | (24,395) | (28,058) | (24,094) | (22,349) | (22,681) | (24,594) | ||
| Other undisclosed gross profit | (155) | (23) | (15) | (88) | (190) | (99) | ||
| Gross profit: | 1,865 | 2,265 | 1,932 | 1,687 | 1,338 | 1,518 | ||
| Operating expenses | (992) | (1,077) | (960) | (879) | (898) | (1,027) | ||
| Other operating expense, net (Other Expenses) | (46) | |||||||
| Other undisclosed operating income (loss) | 26 | (4) | (0) | |||||
| Operating income: | 853 | 1,184 | 972 | 808 | 440 | 490 | ||
| Nonoperating income (expense) | (44) | (5) | 225 | 67 | (92) | (110) | ||
| Investment income, nonoperating | ||||||||
| Other nonoperating income (expense) | (44) | (5) | 225 | 67 | (92) | (110) | ||
| Interest and debt expense | (207) | (187) | (153) | (150) | (7) | (146) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 602 | 992 | 1,044 | 725 | 341 | 234 | ||
| Income (loss) from equity method investments | 8 | (4) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 56 | (14) | 1 | (11) | (183) | (52) | ||
| Income from continuing operations before income taxes: | 666 | 974 | 1,045 | 714 | 158 | 182 | ||
| Income tax expense (benefit) | 206 | 59 | (105) | (101) | (71) | (89) | ||
| Income from continuing operations: | 872 | 1,033 | 940 | 613 | 88 | 93 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 940 | 613 | 88 | 93 | |
| Income from discontinued operations | 373 | |||||||
| Other undisclosed net income | ||||||||
| Net income: | 1,245 | 1,033 | 940 | 613 | 88 | 93 | ||
| Net loss attributable to noncontrolling interest | (239) | (240) | (4) | |||||
| Net income available to common stockholders, diluted: | 1,006 | 793 | 936 | 613 | 88 | 93 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,245 | 1,033 | 940 | 613 | 88 | 93 | ||
| Other comprehensive income (loss) | (1) | (12) | (63) | 96 | (64) | (65) | ||
| Comprehensive income: | 1,244 | 1,021 | 877 | 709 | 24 | 28 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (239) | (240) | (4) | |||||
| Comprehensive income, net of tax, attributable to parent: | 1,005 | 781 | 873 | 709 | 24 | 28 | ||
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.