Flex Ltd. (FLEX) Financial Statements (2024 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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2942,5652,9642,6371,9231,697
Cash and cash equivalents3,2942,5652,9642,6371,9231,697
Receivables3,7393,9393,3714,1062,4362,613
Inventory, net of allowances, customer advances and progress billings7,5307,8386,5803,8953,7853,723
Inventory7,5307,8386,5803,8953,7853,723
Other current assets917963903590660855
Other undisclosed current assets541514519135282216
Total current assets:16,02115,81914,33711,3639,0869,103
Noncurrent Assets
Operating lease, right-of-use asset608596637642605
Property, plant and equipment2,3492,2892,1252,0972,2162,336
Intangible assets, net (including goodwill)1,6591,6721,7531,3031,3271,404
Goodwill1,3431,3401,3421,0901,0651,073
Intangible assets, net (excluding goodwill)316332411213262331
Other noncurrent assets758516473431455656
Total noncurrent assets:5,3745,0734,9884,4734,6034,396
TOTAL ASSETS:21,39520,89219,32515,83613,69013,499
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,4527,4076,7245,7205,4725,539
Employee-related liabilities470473364392
Accounts payable5,9306,6306,2545,2475,1085,147
Accrued liabilities522777    
Deferred revenue  7452,002  
Debt 150494949268149633
Restructuring reserve50     
Other liabilities1,1101,0571,0361,8461,5901,426
Other undisclosed current liabilities3,0931,965    
Total current liabilities:10,85511,66810,7117,8347,2117,598
Noncurrent Liabilities
Long-term debt and lease obligation3,6913,5223,7994,0773,2182,422
Long-term debt, excluding current maturities3,6913,5223,2483,5152,6892,422
Liabilities, other than long-term debt1,1431,100608489429508
Other liabilities637601608489429508
Operating lease, liability506499551562529
Total noncurrent liabilities:4,8344,6224,4074,5663,6472,929
Total liabilities:15,68916,29015,11812,40010,85810,527
Temporary equity, carrying amount  9778   
Equity
Equity, attributable to parent, including:5,3514,505(1,923)(2,796)(3,505)(3,551)
Treasury stock, value (388)(388)(388)(388)(388)(388)
Accumulated other comprehensive loss(194)(244)(182)(119)(215)(151)
Accumulated deficit(560)(702)(1,353)(2,289)(2,902)(3,012)
Other undisclosed equity, attributable to parent6,4935,839    
Equity, attributable to noncontrolling interest355     
Other undisclosed equity   6,0526,2326,3366,524
Total equity:5,7064,5054,1293,4362,8312,972
TOTAL LIABILITIES AND EQUITY:21,39520,89219,32515,83613,69013,499

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues30,34631,05226,04124,12424,21026,211
Cost of revenue
(Cost of Goods and Services Sold)
(28,058)(28,631)(24,094)(22,349)(22,681)(24,594)
Other undisclosed gross profit(23)43(15)(88)(190)(99)
Gross profit:2,2652,4641,9321,6871,3381,518
Operating expenses(1,077)(1,098)(960)(879)(898)(1,027)
Other undisclosed operating loss(4)(0)(0)   
Operating income:1,1841,366972808440490
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5)19022567(92)(110)
Interest and debt expense(187)(178)(153)(150)(7)(146)
Income from continuing operations before equity method investments, income taxes:9921,3781,044725341234
Loss from equity method investments (4)     
Other undisclosed income (loss) from continuing operations before income taxes(14)(21)1(11)(183)(52)
Income from continuing operations before income taxes:9741,3571,045714158182
Income tax expense (benefit)59(120)(105)(101)(71)(89)
Income from continuing operations:1,0331,2379406138893
Income before gain (loss) on sale of properties:1,0009406138893
Net income:1,0331,2379406138893
Net loss attributable to noncontrolling interest(240)(19)(4)   
Other undisclosed net loss attributable to parent (4)    
Net income available to common stockholders, diluted:7931,2149366138893

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:1,0331,2379406138893
Other comprehensive income (loss)(12)(278)(63)96(64)(65)
Comprehensive income:1,0219598777092428
Comprehensive loss, net of tax, attributable to noncontrolling interest(240)(19)(4)   
Other undisclosed comprehensive loss, net of tax, attributable to parent (4)    
Comprehensive income, net of tax, attributable to parent:7819368737092428

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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