$FLEX
FLEX LTD. Stock $flex

$flex Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000086637417000012 Filed on October 30, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$6.270B	$6.009B
YoY Change	4.36%	-4.88%
Cost Of Revenue	$5.877B	$5.695B
YoY Change	3.2%	-3.8%
Gross Profit	$393.3M	$313.7M
YoY Change	25.39%	-20.97%
Gross Profit Margin	6.27%	5.22%
Selling, General & Admin	$274.1M	$243.9M
YoY Change	12.38%	12.52%
% of Gross Profit	69.7%	77.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$133.3M	$129.5M
YoY Change	2.93%	7.2%
% of Gross Profit	33.89%	41.28%
Operating Expenses	$274.1M	$243.9M
YoY Change	12.38%	12.52%
Operating Profit	$119.2M	$69.75M
YoY Change	70.87%	-61.28%
Interest Expense	$29.60M	$26.50M
YoY Change	11.7%	5.58%
% of Operating Profit	24.84%	37.99%
Other Income/Expense, Net	-$27.55M	-$24.63M
YoY Change	11.86%	11.79%
Pretax Income	$218.4M	$14.74M
YoY Change	1381.57%	-89.49%
Income Tax	$13.33M	$17.25M
% Of Pretax Income	6.1%	117.01%
Net Earnings	$205.1M	-$2.508M
YoY Change	-8277.27%	-102.04%
Net Earnings / Revenue	3.27%	-0.04%
Basic Earnings Per Share	$0.39	$0.00
Diluted Earnings Per Share	$0.38	$0.00
COMMON SHARES
Basic Shares Outstanding	531.3M shares	544.1M shares
Diluted Shares Outstanding	536.0M shares	544.1M shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.370B	$1.679B
YoY Change	-18.4%	0.66%
Cash & Equivalents	$1.370B	$1.537B
Short-Term Investments
Other Short-Term Assets	$1.092B	$1.018B
YoY Change	7.27%	-15.8%
Inventory	$3.774B	$3.562B
Prepaid Expenses
Receivables	$2.633B	$2.341B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.868B	$8.459B
YoY Change	4.84%	-5.86%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.416B	$2.336B
YoY Change	3.41%	5.32%
Goodwill	$1.087B	$991.7M
YoY Change	9.61%	58.07%
Intangibles	$420.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$770.8M	$470.8M
YoY Change	63.73%	-0.88%
Total Long-Term Assets	$4.694B	$4.203B
YoY Change	11.69%	14.36%
TOTAL ASSETS
Total Short-Term Assets	$8.868B	$8.459B
Total Long-Term Assets	$4.694B	$4.203B
Total Assets	$13.56B	$12.66B
YoY Change	7.11%	0.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.231B	$4.515B
YoY Change	15.87%	-5.71%
Accrued Expenses	$400.0M	$378.0M
YoY Change	5.82%	-5.74%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$46.98M	$65.97M
YoY Change	-28.79%	37.52%
Total Short-Term Liabilities	$7.230B	$6.854B
YoY Change	5.5%	-2.55%
LONG-TERM LIABILITIES
Long-Term Debt	$2.909B	$2.678B
YoY Change	8.63%	2.29%
Other Long-Term Liabilities	$550.0M	$525.0M
YoY Change	4.76%	-5.19%
Total Long-Term Liabilities	$3.459B	$3.203B
YoY Change	7.99%	0.98%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.230B	$6.854B
Total Long-Term Liabilities	$3.459B	$3.203B
Total Liabilities	$10.69B	$10.06B
YoY Change	6.29%	-1.45%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.243B	-$3.789B
YoY Change	-14.41%	-7.64%
Common Stock	$6.627B	$6.862B
YoY Change	-3.42%	-3.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$388.2M	$388.2M
YoY Change	0.0%	0.0%
Treasury Stock Shares	50.24M shares	50.24M shares
Shareholders Equity	$2.872B	$2.562B
YoY Change
Total Liabilities & Shareholders Equity	$13.56B	$12.66B
YoY Change	7.11%	0.01%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$205.1M	-$2.508M
YoY Change	-8277.27%	-102.04%
Depreciation, Depletion And Amortization	$133.3M	$129.5M
YoY Change	2.93%	7.2%
Cash From Operating Activities	-$1.476B	$263.9M
YoY Change	-659.31%	-11.93%
INVESTING ACTIVITIES
Capital Expenditures	-$139.1M	$159.1M
YoY Change	-187.43%	-200.63%
Acquisitions		$9.492M
YoY Change
Other Investing Activities	$1.492B	-$26.26M
YoY Change	-5780.67%	-95.81%
Cash From Investing Activities	$1.353B	-$111.8M
YoY Change	-1310.1%	-85.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$90.75M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-86.60M	-$95.05M
YoY Change	-8.89%	-41.58%
NET CHANGE
Cash From Operating Activities	-1.476B	$263.9M
Cash From Investing Activities	1.353B	-$111.8M
Cash From Financing Activities	-86.60M	-$95.05M
Net Change In Cash	-210.1M	$57.10M
YoY Change	-467.98%	-108.82%
FREE CASH FLOW
Cash From Operating Activities	-$1.476B	$263.9M
Capital Expenditures	-$139.1M	$159.1M
Free Cash Flow	-$1.337B	$104.8M
YoY Change	-1375.51%	-77.1%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Type DocumentType	10-Q
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.62
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-29
	dei	Entity Central Index Key EntityCentralIndexKey	0000866374
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	528471586	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	FLEX LTD.
CY2016Q3	flex	Business Acquisition Contingent Consideration Accrual Additions BusinessAcquisitionContingentConsiderationAccrualAdditions	0	USD
	flex	Business Acquisition Contingent Consideration Accrual Additions BusinessAcquisitionContingentConsiderationAccrualAdditions	0	USD
CY2017Q3	flex	Business Acquisition Contingent Consideration Accrual Additions BusinessAcquisitionContingentConsiderationAccrualAdditions	0	USD
	flex	Business Acquisition Contingent Consideration Accrual Additions BusinessAcquisitionContingentConsiderationAccrualAdditions	0	USD
CY2016Q3	flex	Business Combination Contingent Consideration Arrangements Gain Loss From Change In Fair Value Of Contingent Consideration BusinessCombinationContingentConsiderationArrangementsGainLossFromChangeInFairValueOfContingentConsideration	2577000	USD
	flex	Business Combination Contingent Consideration Arrangements Gain Loss From Change In Fair Value Of Contingent Consideration BusinessCombinationContingentConsiderationArrangementsGainLossFromChangeInFairValueOfContingentConsideration	4412000	USD
CY2017Q3	flex	Business Combination Contingent Consideration Arrangements Gain Loss From Change In Fair Value Of Contingent Consideration BusinessCombinationContingentConsiderationArrangementsGainLossFromChangeInFairValueOfContingentConsideration	1916000	USD
	flex	Business Combination Contingent Consideration Arrangements Gain Loss From Change In Fair Value Of Contingent Consideration BusinessCombinationContingentConsiderationArrangementsGainLossFromChangeInFairValueOfContingentConsideration	-5084000	USD
CY2016Q3	flex	Inventory Impairmentand Other InventoryImpairmentandOther	92915000	USD
CY2016Q3	flex	Inventory Impairmentand Other InventoryImpairmentandOther	92900000	USD
	flex	Inventory Impairmentand Other InventoryImpairmentandOther	92915000	USD
	flex	Inventory Impairmentand Other InventoryImpairmentandOther	92900000	USD
CY2017Q3	flex	Inventory Impairmentand Other InventoryImpairmentandOther	4753000	USD
	flex	Inventory Impairmentand Other InventoryImpairmentandOther	4753000	USD
CY2017Q1	flex	Longterm Debt Netof Debt Issuance Costs LongtermDebtNetofDebtIssuanceCosts	2952143000	USD
CY2017Q3	flex	Longterm Debt Netof Debt Issuance Costs LongtermDebtNetofDebtIssuanceCosts	2956121000	USD
CY2016Q3	flex	Loss Contingencyand Other Charges LossContingencyandOtherCharges	11539000	USD
	flex	Loss Contingencyand Other Charges LossContingencyandOtherCharges	11539000	USD
CY2017Q3	flex	Loss Contingencyand Other Charges LossContingencyandOtherCharges	43933000	USD
	flex	Loss Contingencyand Other Charges LossContingencyandOtherCharges	43933000	USD
CY2016Q3	flex	Other Operatingand Nonoperating Income Expense OtherOperatingandNonoperatingIncomeExpense	-8388000	USD
	flex	Other Operatingand Nonoperating Income Expense OtherOperatingandNonoperatingIncomeExpense	-11917000	USD
CY2017Q3	flex	Other Operatingand Nonoperating Income Expense OtherOperatingandNonoperatingIncomeExpense	143167000	USD
	flex	Other Operatingand Nonoperating Income Expense OtherOperatingandNonoperatingIncomeExpense	179332000	USD
	flex	Payments Proceedsto Acquirefrom Divestiture Business Netof Cash Acquired PaymentsProceedstoAcquirefromDivestitureBusinessNetofCashAcquired	189895000	USD
	flex	Payments Proceedsto Acquirefrom Divestiture Business Netof Cash Acquired PaymentsProceedstoAcquirefromDivestitureBusinessNetofCashAcquired	273167000	USD
CY2016Q3	flex	Sales Returns Other Costs SalesReturnsOtherCosts	16900000	USD
	flex	Sales Returns Other Costs SalesReturnsOtherCosts	16900000	USD
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CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2192704000	USD
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CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-128143000	USD
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-123873000	USD
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	22733000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	46530000	USD
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	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	42260000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	57302000	USD
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	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	43584000	USD
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	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	36277000	USD
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CY2017Q1	us-gaap	Common Stock Value CommonStockValue	6733539000	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	6627225000	USD
CY2016Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-354000	USD
	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	USD
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	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	67633000	USD
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CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1607570000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1537056000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1830675000	USD
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	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-70514000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-461173000	USD
CY2017Q3	us-gaap	Cash Divested From Deconsolidation CashDivestedFromDeconsolidation	72600000	USD
CY2017Q1	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
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	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-102944000	USD
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CY2016Q3	us-gaap	Interest Expense InterestExpense	26500000	USD
	us-gaap	Interest Expense InterestExpense	53400000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	29600000	USD
	us-gaap	Interest Expense InterestExpense	58600000	USD
CY2017Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	579346000	USD
CY2017Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	626477000	USD
CY2017Q1	us-gaap	Inventory Net InventoryNet	3396462000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	3773654000	USD
CY2017Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2537623000	USD
CY2017Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2672700000	USD
CY2017Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	279493000	USD
CY2017Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	474477000	USD
CY2016Q3	us-gaap	Inventory Write Down InventoryWriteDown	60000000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	60000000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12593363000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13561906000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6504627000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	7230435000	USD
CY2017Q3	us-gaap	Long Term Debt LongTermDebt	2971500000	USD
CY2017Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	61534000	USD
CY2017Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	46977000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1439097000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	806973000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	111784000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	542846000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	44080000	USD
CY2017Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	26720000	USD
CY2017Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2890609000	USD
CY2017Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2909144000	USD
CY2017Q1	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.035
CY2017Q3	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.035
CY2017Q1	us-gaap	Minority Interest MinorityInterest	33743000	USD
CY2017Q3	us-gaap	Minority Interest MinorityInterest	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-215747000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-109686000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-412840000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-618086000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	543552000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	280805000	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	59000000	USD
CY2017Q3	us-gaap	Noncontrolling Interest Decrease From Deconsolidation NoncontrollingInterestDecreaseFromDeconsolidation	90600000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	4213000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	967935000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	1091957000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	541513000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	770848000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-2059000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-711000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-13875000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-16044000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	14074000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	9478000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	20314000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-2200000	USD
CY2017Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1613940000	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1552254000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	519851000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	550042000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-24632000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-49031000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-27554000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-54430000	USD
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	0	USD
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	132679000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-20357000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	114063000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	184698000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	145005000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	305936000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	264030000	USD
	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	36073000	USD
	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	-2949000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	11344000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1211000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	75035000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	0	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-6836000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	60591000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	26561000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	36123000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	-2508000	USD
	us-gaap	Profit Loss ProfitLoss	103221000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	205086000	USD
	us-gaap	Profit Loss ProfitLoss	329796000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2317026000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2415574000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Transfers And Changes PropertyPlantAndEquipmentTransfersAndChanges	16000000	USD
	us-gaap	Property Plant And Equipment Transfers And Changes PropertyPlantAndEquipmentTransfersAndChanges	16000000	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	110592000	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	26483000	USD
CY2016Q3	us-gaap	Restructuring Costs RestructuringCosts	11500000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3572648000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3242852000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6008525000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	11885338000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6270420000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	12278692000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	243943000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	483489000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	274149000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	524960000	USD
CY2016Q3	us-gaap	Servicing Asset ServicingAsset	0	USD
CY2017Q3	us-gaap	Servicing Asset ServicingAsset	0	USD
CY2016Q3	us-gaap	Servicing Liability ServicingLiability	0	USD
CY2017Q3	us-gaap	Servicing Liability ServicingLiability	0	USD
CY2016Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000	USD
CY2017Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	445100000	USD
CY2017Q3	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	4400000	shares
	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	8900000	shares
CY2017Q3	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	71100000	USD
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	145000000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	2644533000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	2872285000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2678276000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2872285000	USD
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	50239355	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	50239355	shares
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	388215000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	388215000	USD
CY2017Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	16007000	USD
CY2017Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	15379000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	544055000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	549934000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	536019000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	536311000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	544055000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	544353000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	531313000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	530790000	shares
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP” or “GAAP”) for interim financial information and in accordance with the requirements of Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements, and should be read in conjunction with the Company’s audited consolidated financial statements as of and for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;"> contained in the Company’s Annual Report on Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three-month and six-month periods ended </font><font style="font-family:inherit;font-size:10pt;">September 29, 2017</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results that may be expected for the fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The first quarters for fiscal year 2018 and fiscal year 2017 ended on June 30, 2017, which is comprised of </font><font style="font-family:inherit;font-size:10pt;">91</font><font style="font-family:inherit;font-size:10pt;"> days in the period, and July 1, 2016, which is comprised of </font><font style="font-family:inherit;font-size:10pt;">92</font><font style="font-family:inherit;font-size:10pt;"> days in the period, respectively. The second quarters for fiscal year 2018 and fiscal year </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> ended on </font><font style="font-family:inherit;font-size:10pt;">September 29, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, which are comprised of </font><font style="font-family:inherit;font-size:10pt;">91 days</font><font style="font-family:inherit;font-size:10pt;"> in both periods.</font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements include the accounts of Flex and its majority-owned subsidiaries, after elimination of intercompany accounts and transactions. The Company consolidates its majority-owned subsidiaries and investments in entities in which the Company has a controlling interest. For the consolidated majority-owned subsidiaries in which the Company owns less than 100%, the Company recognizes a noncontrolling interest for the ownership of the noncontrolling owners. Noncontrolling interests are immaterial for all of the periods presented, and are included in interest and other, net in the condensed consolidated statements of operations.</font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has certain non-majority-owned equity investments in non-publicly traded companies that are accounted for using the equity method of accounting. The equity method of accounting is used when the Company has the ability to significantly influence the operating decisions of the issuer, or if the Company has a voting percentage of a corporation equal to or generally greater than 20% but less than 50%, and for non-majority-owned investments in partnerships when generally greater than 5%. The equity in earnings (losses) of equity method investees are immaterial for all periods presented, and are included in interest and other, net in the condensed consolidated statements of operations.</font></div></div>

Files In Submission

Name	View Source	Status
0000866374-17-000012-index-headers.html	Edgar Link	pending
0000866374-17-000012-index.html	Edgar Link	pending
0000866374-17-000012.txt	Edgar Link	pending
0000866374-17-000012-xbrl.zip	Edgar Link	pending
exhibit1005.htm	Edgar Link	pending
exhibit1006.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
flex-20170929.xml	Edgar Link	completed
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flex-20170929_def.xml	Edgar Link	unprocessable
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$FLEX
FLEX LTD. Stock $flex

2017 Q3 Form 10-Q Financial Statement

#000086637417000012 Filed on October 30, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FLEX FLEX LTD. Stock $flex

2017 Q3 Form 10-Q Financial Statement

#000086637417000012 Filed on October 30, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FLEX
FLEX LTD. Stock $flex