Flex Ltd. financial data

Symbol
FLEX on Nasdaq
Industry
Printed Circuit Boards
Location
2 Changi South Lane, Singapore, Singapore
State of incorporation
Singapore
Fiscal year end
March 31
Former names
FLEXTRONICS INTERNATIONAL LTD. (to 9/6/2016), FLEXTRONICS INTERNATIONAL LTD (to 5/31/2006)
Latest financial report
Q1 2024 - May 17, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 152 % +12.5%
Quick Ratio 71.7 % +9.82%
Debt-to-equity 250 % -29.3%
Return On Equity 21.8 %
Return On Assets 5 % +30.6%
Operating Margin 3.23 % -9.53%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 402 M shares -9.64%
Common Stock, Shares, Outstanding 408 M shares -9.34%
Entity Public Float 11.8 B USD +55.3%
Weighted Average Number of Shares Outstanding, Basic 417 M shares -7.54%
Weighted Average Number of Shares Outstanding, Diluted 425 M shares -7.41%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 26.4 B USD -7.32%
Operating Income (Loss) 853 M USD -16.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 666 M USD -17.5%
Income Tax Expense (Benefit) -206 M USD -266%
Net Income (Loss) Attributable to Parent 1.01 B USD +26.9%
Earnings Per Share, Basic 2.34 USD/shares +34.5%
Earnings Per Share, Diluted 2.3 USD/shares +34.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.47 B USD -21.8%
Accounts Receivable, after Allowance for Credit Loss, Current 3.03 B USD -12.8%
Inventory, Net 6.21 B USD -16%
Other Assets, Current 1.03 B USD +17.8%
Assets, Current 13 B USD -19%
Deferred Income Tax Assets, Net 644 M USD +293%
Property, Plant and Equipment, Net 2.27 B USD -3.12%
Operating Lease, Right-of-Use Asset 601 M USD -0.66%
Intangible Assets, Net (Excluding Goodwill) 245 M USD -22.2%
Goodwill 1.14 B USD -0.35%
Other Assets, Noncurrent 1.02 B USD +107%
Assets 18.3 B USD -14.7%
Accounts Payable, Current 4.47 B USD -21.9%
Employee-related Liabilities, Current 488 M USD -3.56%
Contract with Customer, Liability, Current 745 M USD -51.9%
Liabilities, Current 8.54 B USD -21.4%
Deferred Income Tax Liabilities, Net 178 M USD +151%
Operating Lease, Liability, Noncurrent 490 M USD -2.78%
Other Liabilities, Noncurrent 642 M USD +15.9%
Liabilities 12.9 B USD -17.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax -195 M USD -0.52%
Retained Earnings (Accumulated Deficit) 446 M USD
Stockholders' Equity Attributable to Parent 5.33 B USD -0.49%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 5.33 B USD -6.68%
Liabilities and Equity 18.3 B USD -14.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 1.33 B USD +39.6%
Net Cash Provided by (Used in) Financing Activities -1.66 B USD -82900%
Net Cash Provided by (Used in) Investing Activities -492 M USD +18.5%
Common Stock, Shares Authorized 1.5 B shares 0%
Common Stock, Shares, Issued 408 M shares -18.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -820 M USD -348%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.47 B USD -24.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 226 M USD -0.44%
Deferred Tax Assets, Valuation Allowance 838 M USD -38.9%
Deferred Tax Assets, Gross 1.57 B USD -3.27%
Operating Lease, Liability 626 M USD -0.32%
Depreciation 431 M USD +4.11%
Payments to Acquire Property, Plant, and Equipment 530 M USD -16.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.01 B USD +28.7%
Lessee, Operating Lease, Liability, to be Paid 713 M USD -1.25%
Property, Plant and Equipment, Gross 6.71 B USD +2.55%
Operating Lease, Liability, Current 136 M USD +9.68%
Lessee, Operating Lease, Liability, to be Paid, Year Two 135 M USD +3.85%
Lessee, Operating Lease, Liability, to be Paid, Year One 160 M USD +6.67%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) -370 M USD -37100%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 87 M USD -3.33%
Lessee, Operating Lease, Liability, to be Paid, Year Three 104 M USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 1.17 B USD -13.7%
Deferred Federal Income Tax Expense (Benefit) -1 M USD -200%
Current Income Tax Expense (Benefit) 164 M USD +33.3%
Unrecognized Tax Benefits 197 M USD -26.5%
Lessee, Operating Lease, Liability, to be Paid, Year Four 88 M USD +2.33%
Operating Lease, Payments 160 M USD +7.38%
Current Federal Tax Expense (Benefit) 3 M USD -50%
Amortization of Intangible Assets 70 M USD -13.6%
Depreciation, Depletion and Amortization 133 M USD +7.26%
Deferred Tax Assets, Net of Valuation Allowance 730 M USD +192%
Share-based Payment Arrangement, Expense 113 M USD +11.9%
Interest Expense 207 M USD -10%