Flex Ltd. (FLEX) financial statements (2022 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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5742,6371,9231,6971,4721,8311,608
Cash and cash equivalents2,5742,6371,9231,6971,4721,8311,608
Receivables3,4934,1062,4362,6132,5182,1932,045
Inventory, net of allowances, customer advances and progress billings5,9583,8953,7853,7233,8003,3963,492
Inventory5,9583,8953,7853,7233,8003,3963,492
Other current assets7985906608551,3809681,171
Other undisclosed current assets390135282216   
Total current assets:13,21311,3639,0869,1039,1708,3888,315
Noncurrent Assets
Operating lease, right-of-use asset622642605
Property, plant and equipment2,1122,0972,2162,3362,2402,3172,258
Intangible assets, net (including goodwill), including:1,7741,3031,3271,4041,5461,3471,346
Goodwill1,3461,0901,0651,0731,121985 
Intangible assets, net (excluding goodwill)428213262331424362404
Other undisclosed intangible assets, net (including goodwill)      942
Other noncurrent assets454431455656760542466
Total noncurrent assets:4,9624,4734,6034,3964,5454,2064,070
TOTAL ASSETS:18,17515,83613,69013,49913,71612,59312,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,4575,7205,4725,5395,5064,8294,602
Accounts payable5,9925,2475,1085,1475,1224,4854,248
Employee-related liabilities465473364392383344354
Deferred revenue1,549  
Debt648268149633436265
Other liabilities9881,8461,5901,4261,7191,6141,905
Total current liabilities:9,6427,8347,2117,5987,2686,5056,572
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,3434,0773,2182,4222,8983,4103,207
Long-term debt, excluding current maturities3,7983,5152,6892,4222,8982,8912,709
Capital lease obligations  1418
Operating lease, liability545562529
Other undisclosed long-term debt and lease obligation     505479
Liabilities, other than long-term debt535489429508532520498
Other liabilities535489429508532520498
Other undisclosed noncurrent liabilities     (520)(498)
Total noncurrent liabilities:4,8784,5663,6472,9293,4293,4103,207
Total liabilities:14,52012,40010,85810,52710,6979,9159,779
Stockholders' equity
Stockholders' equity attributable to parent, including:3,655(2,796)(3,505)(3,551)3,0192,6452,571
Common stock     6,7346,987
Treasury stock, value(388)(388)(388)(388)(388)(388)(388)
Accumulated other comprehensive loss(158)(119)(215)(151)(86)(128)(136)
Accumulated deficit(1,520)(2,289)(2,902)(3,012)(3,144)(3,573)(3,892)
Other undisclosed stockholders' equity attributable to parent5,721   6,637  
Stockholders' equity attributable to noncontrolling interest     3435
Other undisclosed stockholders' equity 6,2326,3366,524   
Total stockholders' equity:3,6553,4362,8312,9723,0192,6782,606
TOTAL LIABILITIES AND EQUITY:18,17515,83613,69013,49913,71612,59312,385

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues24,58924,12424,21026,21125,44123,86324,419
Revenue, net25,44123,86324,419
Cost of revenue
(Cost of Goods and Services Sold)
(22,525)(22,349)(22,681)(24,594)(23,778)(22,303)(22,811)
Other undisclosed gross profit78(88)(190)(99)(67)(39) 
Gross profit:2,1421,6871,3381,5181,5961,5211,608
Operating expenses(881)(879)(898)(1,027)(1,098)(1,019)(1,021)
Operating income:1,261808440490498502587
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
30767(92)(110)(123)(100)(85)
Interest and debt expense(257)(150)(7)(146)(123)(108)(98)
Income from continuing operations before equity method investments, income taxes:1,310725341234252295404
Other undisclosed income (loss) from continuing operations before income taxes137(11)(183)(52)2697650
Income from continuing operations before income taxes:1,447714158182521371455
Income tax expense(105)(101)(71)(89)(92)(51)(11)
Income before gain (loss) on sale of properties:1,3436138893429320444
Other undisclosed net loss    (8)(8)(7)
Net income:1,3436138893421311437
Other undisclosed net income attributable to parent    887
Net income available to common stockholders, diluted:1,3436138893429320444

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:1,3436138893421311437
Other comprehensive income (loss)7296(64)(65)42845
Other undisclosed comprehensive income    88 
Comprehensive income:1,4157092428471327482
Other undisclosed comprehensive income, net of tax, attributable to parent      7
Comprehensive income, net of tax, attributable to parent:1,4157092428471327489

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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