Flex Ltd. (FLEX) financial statements (2020 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)

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8161,6971,4721,8311,6081,6281,594
Cash and cash equivalents1,8161,6971,4721,8311,6081,6281,594
Receivables2,4152,6132,5182,1932,0452,3382,698
Inventory, net of allowances, customer advances and progress billings3,7213,7233,8003,3963,4923,4893,599
Inventory3,7213,7233,8003,3963,4923,4893,599
Other current assets1,3358551,3809681,1711,2861,510
Other undisclosed current assets206216     
Total current assets:9,4939,1039,1708,3888,3158,7419,400
Noncurrent Assets
Operating lease, right-of-use asset588
Property, plant and equipment2,2172,3362,2402,3172,2582,0922,289
Long-term investments and receivables     8777
Long-term investments     8777
Intangible assets, net (including goodwill), including:1,3551,4041,5461,3471,346415377
Goodwill1,0621,0731,121985 334293
Intangible assets, net (excluding goodwill)2923314243624048284
Other undisclosed intangible assets, net (including goodwill)    942 
Other noncurrent assets624656760542466417434
Assets held-for-sale, long lived59
Other undisclosed noncurrent assets     (87)(137)
Total noncurrent assets:4,7844,3964,5454,2064,0702,9253,100
TOTAL ASSETS:14,27713,49913,71612,59312,38511,66612,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,6105,5395,5064,8294,6024,9015,103
Accounts payable5,2275,1475,1224,4854,2484,5614,748
Employee-related liabilities383392383344354340355
Debt326334362654633
Restructuring reserve     3
Customer advances and deposits   190
Other liabilities1,9151,4261,7191,6141,9051,8092,521
Other undisclosed current liabilities     (193) 
Total current liabilities:7,5587,5987,2686,5056,5726,7567,657
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,4702,4222,8983,4103,2072,5132,642
Long-term debt, excluding current maturities2,9582,4222,8982,8912,7092,0382,070
Capital lease obligations  141835
Operating lease, liability512
Other undisclosed long-term debt and lease obligation   505479473567
Liabilities, other than long-term debt443508532520498487578
Restructuring reserve     126
Other liabilities443508532520498476572
Other undisclosed noncurrent liabilities   (520)(498)(487)(578)
Total noncurrent liabilities:3,9132,9293,4293,4103,2072,5132,642
Total liabilities:11,47110,52710,6979,9159,7799,26910,298
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,640)(3,551)3,0192,6452,5712,3612,163
Common stock   6,7346,9877,2667,615
Treasury stock, value(388)(388)(388)(388)(388)(388)(388)
Accumulated other comprehensive loss(190)(151)(86)(128)(136)(181)(126)
Accumulated deficit(3,062)(3,012)(3,144)(3,573)(3,892)(4,336)(4,937)
Other undisclosed stockholders' equity attributable to parent  6,637    
Stockholders' equity attributable to noncontrolling interest   34353539
Other undisclosed stockholders' equity6,4466,524     
Total stockholders' equity:2,8062,9723,0192,6782,6062,3962,202
TOTAL LIABILITIES AND EQUITY:14,27713,49913,71612,59312,38511,66612,500

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

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues25,34026,21125,44123,86324,41926,14826,109
Revenue, net25,44123,86324,41926,14826,109
Cost of revenue
(Cost of Goods and Services Sold)
(23,829)(24,594)(23,778)(22,303)(22,811)(24,603)(24,610)
Other undisclosed gross profit(231)(99)(67)(39)  (59)
Gross profit:1,2791,5181,5961,5211,6081,5451,440
Operating expenses(954)(1,027)(1,098)(1,019)(1,021)(811)(1,029)
Operating income:326490498502587734411
Nonoperating expense(127)(110)(123)(100)(85)(22)(44)
Investment income, nonoperating     3018
Other nonoperating expense(127)(110)(123)(100)(85)(51)(62)
Interest and debt expense(120)(146)(123)(108)(98)(76)(80)
Income from continuing operations before equity method investments, income taxes:79234252295404636287
Other undisclosed income (loss) from continuing operations before income taxes(179)(52)269765035114
Income (loss) from continuing operations before income taxes:(100)182521371455671400
Income tax expense(82)(89)(92)(51)(11)(70)(35)
Income (loss) before gain (loss) on sale of properties:(182)93429320444601366
Other undisclosed net loss  (8)(8)(7)  
Net income (loss):(182)93421311437601366
Other undisclosed net income (loss) attributable to parent  887(4)(0)
Net income (loss) available to common stockholders, diluted:(182)93429320444597365

Comprehensive Income ($ in millions)

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(182)93421311437601366
Other comprehensive income (loss)(39)(65)42845(54)(49)
Other undisclosed comprehensive income5 88   
Comprehensive income (loss):(215)28471327482546317
Other undisclosed comprehensive income, net of tax, attributable to parent    7  
Comprehensive income (loss), net of tax, attributable to parent:(215)28471327489546317

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: