Flex market cap is $4.1 b, and annual revenue was $26.21 b in FY 2019

Flex Gross profit (Q3, 2020)444.1 M

Flex Gross profit margin (Q3, 2020), %6.9%

Flex Net income (Q3, 2020)111.4 M

Flex Cash, 31-Dec-20191.8 B

Flex EV5.6 B

Flex revenue was $26.21 b in FY, 2019 which is a 3% year over year increase from the previous period.

Flex revenue breakdown by business segment: 18.4% from High Reliability Solutions, 23.6% from Industrial & Emerging Industries, 26.2% from Consumer Technologies Group and 31.8% from Communications & Enterprise Compute

Flex revenue breakdown by geographic segment: 6.9% from India, 8.3% from Brazil, 7.6% from Malaysia, 11.8% from U.S., 17.3% from Mexico, 25.4% from China and 22.6% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 24.4b | 23.9b | 25.4b | 26.2b |

| (7%) | (2%) | 7% | 3% |

## Cost of goods sold | 22.8b | 22.3b | 23.8b | 24.7b |

## Gross profit | 1.6b | 1.6b | 1.7b | 1.5b |

| 7% | 7% | 7% | 6% |

## General and administrative expense | 954.9m | 937.3m | 1.0b | 953.1m |

## Operating expense total | 954.9m | 937.3m | 1.0b | 953.1m |

## Pre tax profit | 454.7m | 370.8m | 520.9m | 182.1m |

## Income tax expense | 10.6m | 51.3m | 92.4m | 88.7m |

## Net Income | 444.1m | 319.6m | 428.5m | 93.4m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 5.9b | 6.0b | 6.1b | 6.0b | 6.3b | 6.8b | 6.4b | 6.7b | 6.9b | 6.2b | 6.1b | 6.5b |

## Cost of goods sold | 5.5b | 5.7b | 5.7b | 5.6b | 5.9b | 6.3b | 6.0b | 6.3b | 6.6b | 5.8b | 5.9b | 6.0b |

## Gross profit | 406.0m | 313.7m | 416.5m | 406.9m | 393.3m | 446.3m | 377.9m | 402.3m | 357.3m | 352.8m | 189.1m | 444.1m |

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

## General and administrative expense | 239.5m | 243.9m | 231.6m | 250.8m | 274.1m | 247.4m | 262.9m | 227.7m | 243.0m | 209.6m | 205.3m | 217.9m |

## Operating expense total | 239.5m | 243.9m | 231.6m | 250.8m | 274.1m | 247.4m | 262.9m | 227.7m | 243.0m | 209.6m | 205.3m | 217.9m |

## Pre tax profit | 116.9m | 14.7m | 140.2m | 145.5m | 218.4m | 141.2m | 141.6m | 108.8m | (31.9m) | 64.1m | (95.7m) | 145.4m |

## Income tax expense | 11.2m | 17.3m | 10.8m | 20.8m | 13.3m | 22.8m | 25.6m | 21.9m | 13.3m | 19.2m | 21.2m | 34.0m |

## Net Income | 105.7m | (2.5m) | 129.5m | 124.7m | 205.1m | 118.3m | 116.0m | 86.9m | (45.2m) | 44.9m | (116.9m) | 111.4m |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 1.6b | 1.8b | 1.5b | 1.7b |

## Accounts Receivable | 2.0b | 2.2b | 2.5b | 2.6b |

## Inventories | 3.5b | 3.4b | 3.8b | 3.7b |

## Current Assets | 8.3b | 8.4b | 9.2b | 9.1b |

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

## Goodwill | 942.1m | 984.9m | 1.1b | 1.1b |

## Total Assets | 12.4b | 12.6b | 13.7b | 13.5b |

## Accounts Payable | 4.2b | 4.5b | 5.1b | 5.1b |

## Short-term debt | 65.2m | 61.5m | 43.0m | 632.6m |

## Current Liabilities | 6.6b | 6.5b | 7.3b | 7.6b |

## Long-term debt | 2.7b | 2.9b | 2.9b | 2.4b |

## Total Debt | 2.8b | 3.0b | 2.9b | 3.1b |

## Common Stock | 7.0b | 6.7b | 6.6b | 6.5b |

## Retained Earnings | (3.9b) | (3.6b) | (3.1b) | (3.0b) |

## Total Equity | 2.6b | 2.7b | 3.0b | 3.0b |

## EPS | 0.8 | 0.6 | 0.8 | 0.2 |

## Debt to Equity Ratio | 1.1 x | 1.1 x | 1 x | 1 x |

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

## Financial Leverage | 4.8 x | 4.7 x | 4.5 x | 4.5 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 444.1m | 319.6m | 428.5m | 93.4m |

## Depreciation and Amortization | 515.4m | 609.7m | 555.4m | 765.0m |

## Accounts Receivable | 317.9m | (164.2m) | (296.9m) | (3.6b) |

## Inventories | 84.8m | 85.0m | (354.3m) | (360.2m) |

## Accounts Payable | (365.1m) | 268.7m | 623.1m | 68.1m |

## Cash From Operating Activities | 1.1b | 1.1b | 753.6m | (3.0b) |

## Purchases of PP&E | (510.6m) | (525.1m) | (562.0m) | (725.6m) |

## Cash From Investing Activities | (1.4b) | (702.2m) | (909.0m) | 3.3b |

## Long-term Borrowings | (190.2m) | (141.7m) | (1.4b) | (3.1b) |

## Cash From Financing Activities | 249.6m | (242.1m) | (187.8m) | (29.7m) |

## Net Change in Cash | (20.8m) | 223.1m | (358.3m) | 224.2m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 105.7m | 103.2m | 232.7m | 124.7m | 329.8m | 448.1m | 116.0m | 202.9m | 157.8m | 44.9m | (72.1m) | 39.3m |

## Depreciation and Amortization | 129.5m | 337.4m | 466.8m | 131.4m | 264.7m | 400.0m | 121.8m | 269.1m | 507.2m | 190.2m | 357.0m | 525.6m |

## Cash From Operating Activities | 263.9m | 543.6m | 1.0b | (695.8m) | (2.2b) | 431.0m | (671.8m) | (1.7b) | (2.3b) | (656.9m) | (1.6b) | (1.7b) |

## Purchases of PP&E | (159.1m) | (305.9m) | (413.6m) | (124.9m) | (264.0m) | (432.9m) | (172.2m) | (363.4m) | (592.1m) | (162.1m) | (271.5m) | (375.8m) |

## Cash From Investing Activities | (111.8m) | (412.8m) | (579.4m) | 482.0m | 1.8b | (782.9m) | 471.6m | 1.7b | 2.5b | 775.1m | 1.6b | 2.3b |

## Long-term Borrowings | (92.2m) | (110.6m) | (115.1m) | (7.6m) | (26.5m) | (907.9m) | (150.3m) | (652.6m) | (2.4b) | (601.2m) | (863.9m) | (1.3b) |

## Cash From Financing Activities | (95.1m) | (215.7m) | (204.6m) | (23.1m) | (109.7m) | (173.4m) | 14.0k | (62.4m) | (80.6m) | 106.3m | 131.7m | (461.9m) |

## Net Change in Cash | 71.8m | (70.5m) | 249.5m | (248.5m) | (461.2m) | (539.5m) | (217.8m) | (94.7m) | 30.9m | 223.8m | 118.9m | 92.5m |

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

## EV/CFO | -3.3 x |

## Debt/Equity | 1.1 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 4.9 x |

## P/E Ratio | 36.6 |

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

## Manufacturing Space, sq. ft | 28 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 |

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

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

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

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

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

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

## 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 |