Flex market cap is $9.1 b, and annual revenue was $24.21 b in FY 2020

Flex Gross profit (Q2, 2021)419 M

Flex Gross profit margin (Q2, 2021), %7%

Flex Net income (Q2, 2021)113 M

Flex Cash, 25-Sept-20202.4 B

Flex EV11.1 B

Flex revenue was $24.21 b in FY, 2020 which is a 7.6% year over year decrease from the previous period.

Flex revenue breakdown by business segment: 21.5% from Consumer Technologies Group, 28.9% from Communications & Enterprise Compute, 19.6% from High Reliability Solutions and 30.1% from Industrial & Emerging Industries

Flex revenue breakdown by geographic segment: 5.6% from Hungary, 15.4% from U.S., 18.4% from Mexico, 23.4% from China, 5.4% from India, 7.6% from Brazil, 6.4% from Malaysia and 18.0% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 25.4b | 26.2b | 24.2b |

| 7% | 3% | (8%) |

## Cost of goods sold | 23.8b | 24.6b | 22.7b |

## Gross profit | 1.6b | 1.5b | 1.3b |

| 6% | 6% | 6% |

## General and administrative expense | 1.0b | 953.1m | 834.1m |

## Operating expense total | 1.1b | 1.0b | 898.2m |

## Depreciation and amortization | 78.6m | 74.4m | 64.1m |

## Pre tax profit | 520.9m | 182.1m | 158.5m |

## Income tax expense | 92.4m | 88.7m | 70.9m |

## Net Income | 428.5m | 93.4m | 87.6m |

## EPS | 0.8 | 0.2 | 0.2 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Revenue | 6.4b | 6.7b | 6.9b | 6.2b | 6.1b | 6.5b | 5.2b | 6.0b |

## Cost of goods sold | 6.0b | 6.3b | 6.5b | 5.8b | 5.8b | 6.0b | 4.8b | 5.6b |

## Gross profit | 377.9m | 402.3m | 357.3m | 352.8m | 189.1m | 430.5m | 303.6m | 419.0m |

| 6% | 6% | 5% | 6% | 3% | 7% | 6% | 7% |

## General and administrative expense | 262.9m | 227.7m | 237.6m | 209.6m | 205.3m | 217.9m | 190.7m | 193.0m |

## Operating expense total | 281.4m | 245.9m | 257.9m | 226.7m | 221.5m | 233.5m | 205.9m | 220.0m |

## Depreciation and amortization | 18.5m | 18.2m | 20.3m | 17.1m | 16.2m | 15.6m | 15.2m | 16.0m |

## Pre tax profit | 141.6m | 108.8m | (31.9m) | 64.1m | (95.7m) | 145.4m | 67.4m | 153.0m |

## Income tax expense | 25.6m | 21.9m | 13.3m | 19.2m | 21.2m | 34.0m | 15.6m | 40.0m |

## Net Income | 116.0m | 86.9m | (45.2m) | 44.9m | (116.9m) | 111.4m | 51.8m | 113.0m |

## EPS | 0.2 | 0.2 | (0.1) | 0.1 | (0.2) | 0.2 | 0.1 | 0.2 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 1.5b | 1.7b | 1.9b |

## Accounts Receivable | 2.5b | 2.6b | 2.4b |

## Inventories | 3.8b | 3.7b | 3.8b |

## Current Assets | 9.2b | 9.1b | 9.1b |

## PP&E | 2.2b | 2.3b | 2.2b |

## Goodwill | 1.1b | 1.1b | 1.1b |

## Total Assets | 13.7b | 13.5b | 13.7b |

## Accounts Payable | 5.1b | 5.1b | 5.1b |

## Short-term debt | 43.0m | 632.6m | 149.1m |

## Current Liabilities | 7.3b | 7.6b | 7.2b |

## Long-term debt | 2.9b | 2.4b | 3.2b |

## Total Debt | 2.9b | 3.1b | 3.4b |

## Common Stock | 6.6b | 6.5b | 6.3b |

## Retained Earnings | (3.1b) | (3.0b) | (2.9b) |

## Total Equity | 3.0b | 3.0b | 2.8b |

## Debt to Equity Ratio | 1 x | 1 x | 1.2 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x |

## Financial Leverage | 4.5 x | 4.5 x | 4.8 x |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Cash | 1.3b | 1.4b | 1.5b | 1.9b | 1.8b | 1.8b | 1.9b | 2.4b |

## Accounts Receivable | 2.9b | 2.9b | 2.9b | 2.6b | 2.4b | 3.0b | 3.3b | 3.8b |

## Inventories | 4.0b | 4.4b | 3.9b | 3.7b | 3.7b | 3.7b | 3.5b | 3.6b |

## Current Assets | 9.7b | 10.0b | 9.5b | 9.4b | 9.5b | 9.4b | 9.6b | 10.5b |

## PP&E | 2.2b | 2.3b | 2.2b | 2.3b | 2.2b | 2.2b | 2.2b | 2.1b |

## Goodwill | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b |

## Total Assets | 14.3b | 14.7b | 14.0b | 14.4b | 14.3b | 14.1b | 14.1b | 15.0b |

## Accounts Payable | 5.7b | 6.2b | 5.5b | 5.2b | 5.2b | 5.4b | 4.6b | 5.0b |

## Short-term debt | 42.9m | 55.6m | 43.2m | 275.9m | 32.5m | 88.9m | 162.3m | 63.0m |

## Current Liabilities | 7.8b | 8.2b | 7.5b | 7.4b | 7.6b | 7.6b | 6.8b | 7.2b |

## Long-term debt | 2.9b | 2.9b | 2.9b | 3.5b | 3.5b | 3.2b | 4.0b | 4.3b |

## Total Debt | 2.9b | 2.9b | 2.9b | 3.8b | 3.5b | 3.3b | 4.1b | 4.3b |

## Common Stock | 6.7b | 6.6b | 6.6b | 6.5b | 6.4b | 6.4b | 6.3b | 6.4b |

## Retained Earnings | (3.0b) | (2.9b) | (2.9b) | (2.9b) | (3.1b) | (3.0b) | (2.9b) | (2.7b) |

## Total Equity | 3.1b | 3.2b | 3.1b | 3.0b | 2.8b | 2.9b | 2.9b | 3.1b |

## Debt to Equity Ratio | 0.9 x | 0.9 x | 1 x | 1.3 x | 1.2 x | 1.1 x | 1.4 x | 1.4 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.3 x | 0.2 x | 0.2 x | 0.3 x | 0.3 x |

## Financial Leverage | 4.6 x | 4.6 x | 4.5 x | 4.8 x | 5.1 x | 4.9 x | 4.8 x | 4.8 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 428.5m | 93.4m | 87.6m |

## Depreciation and Amortization | 555.4m | 765.0m | 748.1m |

## Accounts Receivable | (296.9m) | (3.6b) | (2.1b) |

## Inventories | (354.3m) | (360.2m) | (66.5m) |

## Accounts Payable | 623.1m | 68.1m | (14.6m) |

## Cash From Operating Activities | 753.6m | (3.0b) | (1.5b) |

## Purchases of PP&E | (562.0m) | (725.6m) | (461.7m) |

## Cash From Investing Activities | (909.0m) | 3.3b | 2.3b |

## Long-term Borrowings | (1.4b) | (3.1b) | (1.3b) |

## Cash From Financing Activities | (187.8m) | (29.7m) | (508.5m) |

## Net Change in Cash | (358.3m) | 224.2m | 226.1m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|

## Net Income | 116.0m | 202.9m | 157.8m | 44.9m | (72.1m) | 39.3m | 51.8m | 165.0m |

## Depreciation and Amortization | 121.8m | 269.1m | 507.2m | 190.2m | 357.0m | 525.6m | 156.2m | 346.0m |

## Cash From Operating Activities | (671.8m) | (1.7b) | (2.3b) | (656.9m) | (1.6b) | (1.7b) | (629.4m) | (365.0m) |

## Purchases of PP&E | (172.2m) | (363.4m) | (592.1m) | (162.1m) | (271.5m) | (375.8m) | (110.3m) | (185.0m) |

## Cash From Investing Activities | 471.6m | 1.7b | 2.5b | 775.1m | 1.6b | 2.3b | (100.4m) | (158.0m) |

## Long-term Borrowings | (150.3m) | (652.6m) | (2.4b) | (601.2m) | (863.9m) | (1.3b) | (510.6m) | (1.0b) |

## Cash From Financing Activities | 14.0k | (62.4m) | (80.6m) | 106.3m | 131.7m | (461.9m) | 740.8m | 940.0m |

## Net Change in Cash | (217.8m) | (94.7m) | 30.9m | 223.8m | 118.9m | 92.5m | 12.4m | 436.0m |

USD | FY, 2018 |
---|---|

## EV/CFO | 13.4 x |

## Revenue/Employee | 127.2k |

## Debt/Equity | 1 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 4.5 x |

## P/E Ratio | 20.4 |

FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | |
---|---|---|---|---|---|---|

## Manufacturing Space, sq. ft. | 28 m | 27 m | 27 m | |||

## Bookings (High Reliability Solutions) | $784 m | $1.05 b | $1.02 b | $1.30 b | ||

## Bookings (Consumer Technologies Group) | $1 b | $2.10 b | ||||

## Bookings (Industrial and Emerging Industries) | $2 b | $2.40 b | ||||

## Bookings (Communications and Enterprise Compute) | $2 b | $1.90 b | ||||

## Countries | 30 | 30 | 30 | 35 | 35 | 30 |

## Active Accounts (Capital Equipment) | 85 | |||||

## Active Accounts (Energy Solutions) | 62 | |||||

## Active Accounts (Lifestyle and Appliances) | 46 | |||||

## Active Accounts (Lighting Solution) | 25 | |||||

## Bookings (Automotive) | $700 m | |||||

## Bookings (Capital Equipment) | $250 m | |||||

## Bookings (Energy Solutions) | $750 m | |||||

## Bookings (Health Solutions) | $851 m | |||||

## Bookings (Industrial) | $1.20 b | |||||

## Bookings (Lifestyle and Appliances) | $1.10 b | |||||

## Bookings (Lighting Solution) | $150 m | |||||

## Core R&D Engineers | 293 | 458 | ||||

## Product Platforms | 12 | 27 | ||||

## Software Engineers | 60 | 98 |

Y, 2019 | |
---|---|

## Water Withdrawn Intensity | 271.91 cubic meters per mio USD sales |

## Water Withdrawn (Rain Water) | 291 cubic meters |

## Water Withdrawn (Private Company Water Supply) | 144.23 k cubic meters |

## Water Withdrawn (Other) | 20.21 k cubic meters |

## Water Withdrawn (Municipal) | 5.76 m cubic meters |

## Water Withdrawn (Ground Water) | 852.35 k cubic meters |

## Water Withdrawn | 6.78 m cubic meters |

## Water Recycled | 549.12 k cubic meters |

## Water Discharged | 5.34 m cubic meters |

## Water Consumed | 1.44 m cubic meters |

## Wastewater Withdrawn from Another Organizations | 5.34 k cubic meters |

## Waste Reused | 7.08 k tonnes |

## Waste Recycled | 89.94 k tonnes |

## Waste Recovered | 3.20 k tonnes |

## Waste Other | 4.78 k tonnes |

## Waste Landfilled | 13.99 k tonnes |

## Waste Incinerated | 8.56 k tonnes |

## Waste Generated Intensity | 5.22 tonnes per mio USD sales |

## Waste Generated | 130.27 k tonnes |

## Waste Disposed (On-site Storage) | 145 tonnes |

## Waste Disposed | 130.27 k tonnes |

## Waste Composted | 2.57 k tonnes |

## Volunteers | 10.93 k |

## Volunteer Hours | 48.17 k |

## Total Greenhouse Gas Emissions | 20.85 m metric tons of carbon dioxide equivalent |

## Nonhazardous Waste Generated | 124.43 k tonnes |

## Net Emissions | 20.78 m metric tons of carbon dioxide equivalent |

## Hazardous Waste Generated | 5.83 k tonnes |

## Greenhouse Gas Emissions (Scope 3, Waste) | 30.53 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Use of Sold Products) | 12.39 m metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Upstream Transportation and Distribution) | 235.63 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Purchased Goods and Services) | 6.59 m metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Processing of Sold Products) | 66 metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Investments) | 5.16 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Fuel and Energy-Related Activities) | 200.54 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, End-of-Life Treatment of Sold Products) | 14.42 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Employee Commuting) | 105.17 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Downstream Transportation and Distribution) | 12.40 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Capital Goods) | 417.99 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3, Business Travel) | 24.17 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 3) | 20.03 m metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 2, Location-Based) | 724.47 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 1) | 102.36 k metric tons of carbon dioxide equivalent |

## Greenhouse Gas Emissions (Scope 1 and Scope 2) Intensity | 33.14 metric tons of carbon dioxide equivalent per mio USD |

## Greenhouse Gas Emissions (Scope 1 and Scope 2) | 826.83 k metric tons of carbon dioxide equivalent |

## Electricity Used from Renewable Energy Sources | 19.21 k MWh |