Flex Ltd. (FLEX) financial statements (2021 and earlier)

Company profile

Business Address 2 CHANGI SOUTH LANE
SINGAPORE, 486123
State of Incorp.
Fiscal Year End March 31
SIC 3672 - Printed Circuit Boards (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6111,9231,6971,4721,8311,6081,628
Cash and cash equivalents2,6111,9231,6971,4721,8311,6081,628
Receivables4,0702,4362,6132,5182,1932,0452,338
Inventory, net of allowances, customer advances and progress billings3,6993,7853,7233,8003,3963,4923,489
Inventory3,6993,7853,7233,8003,3963,4923,489
Other current assets6106608551,3809681,1711,286
Other undisclosed current assets121282216    
Total current assets:11,1119,0869,1039,1708,3888,3158,741
Noncurrent Assets
Operating lease, right-of-use asset609605
Property, plant and equipment2,0972,2162,3362,2402,3172,2582,092
Long-term investments and receivables      87
Long-term investments      87
Intangible assets, net (including goodwill), including:1,3421,3271,4041,5461,3471,346415
Goodwill1,1091,0651,0731,121985 334
Intangible assets, net (excluding goodwill)23326233142436240482
Other undisclosed intangible assets, net (including goodwill)     942 
Other noncurrent assets509455656760542466417
Other undisclosed noncurrent assets      (87)
Total noncurrent assets:4,5574,6034,3964,5454,2064,0702,925
TOTAL ASSETS:15,66813,69013,49913,71612,59312,38511,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,6345,4725,5395,5064,8294,6024,901
Accounts payable5,1595,1085,1475,1224,4854,2484,561
Employee-related liabilities475364392383344354340
Debt7214963343626546
Restructuring reserve      3
Customer advances and deposits   190
Other liabilities1,8131,5901,4261,7191,6141,9051,809
Other undisclosed current liabilities      (193)
Total current liabilities:7,5197,2117,5987,2686,5056,5726,756
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,2843,2182,4222,8983,4103,2072,513
Long-term debt, excluding current maturities3,7402,6892,4222,8982,8912,7092,038
Capital lease obligations  14183
Operating lease, liability544529
Other undisclosed long-term debt and lease obligation    505479473
Liabilities, other than long-term debt484429508532520498487
Restructuring reserve      12
Other liabilities484429508532520498476
Other undisclosed noncurrent liabilities    (520)(498)(487)
Total noncurrent liabilities:4,7683,6472,9293,4293,4103,2072,513
Total liabilities:12,28710,85810,52710,6979,9159,7799,269
Stockholders' equity
Stockholders' equity attributable to parent, including:3,381(3,505)(3,551)3,0192,6452,5712,361
Common stock    6,7346,9877,266
Treasury stock, value(388)(388)(388)(388)(388)(388)(388)
Accumulated other comprehensive loss(62)(215)(151)(86)(128)(136)(181)
Accumulated deficit(2,529)(2,902)(3,012)(3,144)(3,573)(3,892)(4,336)
Other undisclosed stockholders' equity attributable to parent6,360  6,637   
Stockholders' equity attributable to noncontrolling interest    343535
Other undisclosed stockholders' equity 6,3366,524    
Total stockholders' equity:3,3812,8312,9723,0192,6782,6062,396
TOTAL LIABILITIES AND EQUITY:15,66813,69013,49913,71612,59312,38511,666

Income statement (P&L) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues21,98924,21026,21125,44123,86324,41926,148
Revenue, net25,44123,86324,41926,148
Cost of revenue
(Cost of Goods and Services Sold)
(20,447)(22,681)(24,594)(23,778)(22,303)(22,811)(24,603)
Other undisclosed gross profit(164)(190)(99)(67)(39)  
Gross profit:1,3781,3381,5181,5961,5211,6081,545
Operating expenses(771)(898)(1,027)(1,098)(1,019)(1,021)(811)
Operating income:607440490498502587734
Nonoperating expense(14)(92)(110)(123)(100)(85)(22)
Investment income, nonoperating      30
Other nonoperating expense(14)(92)(110)(123)(100)(85)(51)
Interest and debt expense18(7)(146)(123)(108)(98)(76)
Income from continuing operations before equity method investments, income taxes:611341234252295404636
Other undisclosed income (loss) from continuing operations before income taxes(218)(183)(52)269765035
Income from continuing operations before income taxes:393158182521371455671
Income tax expense(91)(71)(89)(92)(51)(11)(70)
Income before gain (loss) on sale of properties:3038893429320444601
Other undisclosed net loss   (8)(8)(7) 
Net income:3038893421311437601
Other undisclosed net income (loss) attributable to parent   887(4)
Net income available to common stockholders, diluted:3038893429320444597

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income:3038893421311437601
Other comprehensive income (loss)153(64)(65)42845(54)
Other undisclosed comprehensive income10  88  
Comprehensive income:4662428471327482546
Other undisclosed comprehensive income, net of tax, attributable to parent     7 
Comprehensive income, net of tax, attributable to parent:4662428471327489546

Statements sources

The financial statements are based on the company's filings with the 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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