$FLEX
FLEX LTD. Stock $flex

$flex Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000086637418000010 Filed on August 02, 2018

Income Statement

Concept	2018 Q2	2017 Q2	2016 Q1
Revenue	$6.399B	$6.008B	$5.773B
YoY Change	6.5%		-3.01%
Cost Of Revenue	$6.021B	$5.601B	$5.366B
YoY Change	7.49%		-3.7%
Gross Profit	$377.9M	$406.9M	$406.3M
YoY Change	-7.15%		7.26%
Gross Profit Margin	5.9%	6.77%	7.04%
Selling, General & Admin	$262.9M	$250.8M	$288.1M
YoY Change	4.81%		34.25%
% of Gross Profit	69.57%	61.63%	70.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$121.8M	$131.4M	$133.5M
YoY Change	-7.33%		-1.98%
% of Gross Profit	32.22%	32.29%	32.85%
Operating Expenses	$262.9M	$250.8M	$312.4M
YoY Change	4.81%		44.43%
Operating Profit	$115.0M	$156.1M	$93.94M
YoY Change	-26.36%		-42.2%
Interest Expense	$33.50M	$29.00M	-$19.90M
YoY Change	15.52%		342.22%
% of Operating Profit	29.14%	18.58%	-21.18%
Other Income/Expense, Net	$9.480M	-$26.88M	-$4.800M
YoY Change	-135.27%		128.57%
Pretax Income	$141.6M	$145.5M	$69.20M
YoY Change	-2.66%		-55.61%
Income Tax	$25.60M	$20.80M	$7.900M
% Of Pretax Income	18.08%	14.29%	11.42%
Net Earnings	$116.0M	$124.7M	$61.34M
YoY Change	-6.96%		-54.6%
Net Earnings / Revenue	1.81%	2.08%	1.06%
Basic Earnings Per Share	$0.22	$0.24	$0.11
Diluted Earnings Per Share	$0.22	$0.23	$0.11
COMMON SHARES
Basic Shares Outstanding	529.4M shares	530.3M shares	548.6M shares
Diluted Shares Outstanding	535.5M shares	538.6M shares

Balance Sheet

Concept	2018 Q2	2017 Q2	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.255B	$1.582B	$1.608B
YoY Change	-20.67%		-1.23%
Cash & Equivalents	$1.255B	$1.582B	$1.831B
Short-Term Investments
Other Short-Term Assets	$1.232B	$1.049B	$1.171B
YoY Change	17.41%		-8.95%
Inventory	$3.985B	$3.601B	$3.492B
Prepaid Expenses
Receivables	$2.890B	$2.326B	$2.045B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.685B	$8.558B	$8.315B
YoY Change	13.16%		-4.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.190B	$2.346B	$2.258B
YoY Change	-6.66%		7.91%
Goodwill	$1.095B	$1.039B	$942.1M
YoY Change	5.36%		182.37%
Intangibles	$390.8M	$454.0M	$403.8M
YoY Change	-13.91%
Long-Term Investments			$122.9M
YoY Change			41.26%
Other Assets	$949.2M	$619.2M	$466.4M
YoY Change	53.29%		15.26%
Total Long-Term Assets	$4.625B	$4.459B	$4.070B
YoY Change	3.73%		39.76%
TOTAL ASSETS
Total Short-Term Assets	$9.685B	$8.558B	$8.315B
Total Long-Term Assets	$4.625B	$4.459B	$4.070B
Total Assets	$14.31B	$13.02B	$12.38B
YoY Change	9.93%		6.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.709B	$4.781B	$4.248B
YoY Change	19.41%		-6.86%
Accrued Expenses	$377.0M	$359.0M	$354.0M
YoY Change	5.01%		4.12%
Deferred Revenue	$265.3M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$42.90M	$45.66M	$65.17M
YoY Change	-6.04%		44.72%
Total Short-Term Liabilities	$7.795B	$6.758B	$6.572B
YoY Change	15.34%		-2.71%
LONG-TERM LIABILITIES
Long-Term Debt	$2.877B	$2.919B	$2.709B
YoY Change	-1.43%		33.73%
Other Long-Term Liabilities	$528.4M	$530.1M	$497.9M
YoY Change	-0.32%		4.68%
Total Long-Term Liabilities	$3.405B	$3.449B	$3.207B
YoY Change	-1.26%		28.21%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.795B	$6.758B	$6.572B
Total Long-Term Liabilities	$3.405B	$3.449B	$3.207B
Total Liabilities	$11.20B	$10.21B	$9.779B
YoY Change	9.73%		5.65%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.989B	-$3.448B	-$3.892B
YoY Change	-13.3%		-10.24%
Common Stock	$6.658B	$6.678B	$6.987B
YoY Change	-0.3%		-3.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$388.2M	$388.2M	$388.2M
YoY Change	0.0%		0.0%
Treasury Stock Shares	50.24M shares	50.24M shares	50.24M shares
Shareholders Equity	$3.109B	$2.722B	$2.571B
YoY Change
Total Liabilities & Shareholders Equity	$14.31B	$13.02B	$12.38B
YoY Change	9.93%		6.28%

Cashflow Statement

Concept	2018 Q2	2017 Q2	2016 Q1
OPERATING ACTIVITIES
Net Income	$116.0M	$124.7M	$61.34M
YoY Change	-6.96%		-54.6%
Depreciation, Depletion And Amortization	$121.8M	$131.4M	$133.5M
YoY Change	-7.33%		-1.98%
Cash From Operating Activities	-$943.3M	-$695.8M	$196.6M
YoY Change	35.57%		57.78%
INVESTING ACTIVITIES
Capital Expenditures	$172.2M	$124.9M	-$92.00M
YoY Change	37.96%		-0.43%
Acquisitions
YoY Change
Other Investing Activities	$15.22M	$18.55M	$8.500M
YoY Change	-17.96%		-89.92%
Cash From Investing Activities	$743.1M	$482.0M	-$83.60M
YoY Change	54.16%		919.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	-$45.00K	$73.17M
YoY Change	-100.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$14.00K	-$23.09M	-136.9M
YoY Change	-100.06%		-28.55%
NET CHANGE
Cash From Operating Activities	-$943.3M	-$695.8M	196.6M
Cash From Investing Activities	$743.1M	$482.0M	-83.60M
Cash From Financing Activities	$14.00K	-$23.09M	-136.9M
Net Change In Cash	-$200.2M	-$236.8M	-23.90M
YoY Change	-15.49%		-68.22%
FREE CASH FLOW
Cash From Operating Activities	-$943.3M	-$695.8M	$196.6M
Capital Expenditures	$172.2M	$124.9M	-$92.00M
Free Cash Flow	-$1.116B	-$820.6M	$288.6M
YoY Change	35.94%		33.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2018Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2018Q2	dei	Document Period End Date DocumentPeriodEndDate	2018-06-29
CY2018Q2	dei	Document Type DocumentType	10-Q
CY2018Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000866374
CY2018Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	532762042	shares
CY2018Q2	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2018Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q2	dei	Entity Registrant Name EntityRegistrantName	FLEX LTD.
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CY2018Q2	flex	Contract With Customer Liability Cumulative Catch Up Adjustment To Gross Profit Change In Measure Of Progress ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToGrossProfitChangeInMeasureOfProgress	4500000	USD
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CY2017Q2	flex	Noncash Investingand Financing Activities Customerrelated Third Party Banking Institution Financing Net Settlement NoncashInvestingandFinancingActivitiesCustomerrelatedThirdPartyBankingInstitutionFinancingNetSettlement	59000000	USD
CY2018Q2	flex	Noncash Investingand Financing Activities Customerrelated Third Party Banking Institution Financing Net Settlement NoncashInvestingandFinancingActivitiesCustomerrelatedThirdPartyBankingInstitutionFinancingNetSettlement	0	USD
CY2017Q2	flex	Other Operatingand Nonoperating Income Expense OtherOperatingandNonoperatingIncomeExpense	36165000	USD
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CY2017Q2	flex	Payments Proceedsto Acquirefrom Divestiture Business Netof Cash Acquired PaymentsProceedstoAcquirefromDivestitureBusinessNetofCashAcquired	213718000	USD
CY2018Q2	flex	Payments Proceedsto Acquirefrom Divestiture Business Netof Cash Acquired PaymentsProceedstoAcquirefromDivestitureBusinessNetofCashAcquired	0	USD
CY2017Q2	flex	Proceeds From Collection Of Deferred Purchase Price Receivables ProceedsFromCollectionOfDeferredPurchasePriceReceivables	834272000	USD
CY2018Q2	flex	Proceeds From Collection Of Deferred Purchase Price Receivables ProceedsFromCollectionOfDeferredPurchasePriceReceivables	656766000	USD
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CY2018Q2	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2018Q1	us-gaap	Other Assets Current OtherAssetsCurrent	1380466000	USD
CY2018Q2	us-gaap	Other Assets Current OtherAssetsCurrent	1231773000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	760332000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	949196000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-2169000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-40903000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
CY2018Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
CY2017Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	10836000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-44086000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
CY2018Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	USD
CY2018Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-33300000	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1719418000	USD
CY2018Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1665432000	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	531587000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	528405000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-26876000	USD
CY2018Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-41742000	USD
CY2017Q2	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	0	USD
CY2018Q2	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	132052000	USD
CY2017Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	18549000	USD
CY2018Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	15218000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	73864000	USD
CY2018Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	124851000	USD
CY2018Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	172247000	USD
CY2017Q2	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	-616000	USD
CY2018Q2	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	0	USD
CY2017Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	696000	USD
CY2018Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	45000	USD
CY2017Q2	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	0	USD
CY2018Q2	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	150313000	USD
CY2017Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	57628000	USD
CY2018Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
CY2017Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5476000	USD
CY2018Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	2336000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	124710000	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	116035000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2239506000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2190080000	USD
CY2017Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	7554000	USD
CY2018Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	150344000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3144114000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2989377000	USD
CY2017Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	6008272000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	6423956000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	250811000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	262882000	USD
CY2017Q1	us-gaap	Servicing Asset ServicingAsset	0	USD
CY2018Q2	us-gaap	Servicing Asset ServicingAsset	0	USD
CY2017Q1	us-gaap	Servicing Liability ServicingLiability	0	USD
CY2018Q2	us-gaap	Servicing Liability ServicingLiability	0	USD
CY2018Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000	USD
CY2018Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	410100000	USD
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	0	shares
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3018573000	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3109319000	USD
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	50239355	shares
CY2018Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	50239355	shares
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	388215000	USD
CY2018Q2	us-gaap	Treasury Stock Value TreasuryStockValue	388215000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	538633000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	535454000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	530268000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	529380000	shares

Files In Submission

Name	View Source	Status
0000866374-18-000010-index-headers.html	Edgar Link	pending
0000866374-18-000010-index.html	Edgar Link	pending
0000866374-18-000010.txt	Edgar Link	pending
0000866374-18-000010-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
flex-20180629.xml	Edgar Link	completed
flex-20180629.xsd	Edgar Link	pending
flex-20180629_cal.xml	Edgar Link	unprocessable
flex-20180629_def.xml	Edgar Link	unprocessable
flex-20180629_lab.xml	Edgar Link	unprocessable
flex-20180629_pre.xml	Edgar Link	unprocessable
flex-629201810xq.htm	Edgar Link	pending
flex-exx1001x6292018.htm	Edgar Link	pending
flex-exx1501x6292018.htm	Edgar Link	pending
flex-exx3101x6292018.htm	Edgar Link	pending
flex-exx3102x6292018.htm	Edgar Link	pending
flex-exx3201x6292018.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$FLEX
FLEX LTD. Stock $flex

2018 Q2 Form 10-Q Financial Statement

#000086637418000010 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FLEX FLEX LTD. Stock $flex

2018 Q2 Form 10-Q Financial Statement

#000086637418000010 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FLEX
FLEX LTD. Stock $flex