$7.1 B

FLEX Mkt cap, 16-Aug-2018

$6.4 B

Flex Revenue Q1, 2019
Flex Gross profit (Q1, 2019)377.9 M
Flex Gross profit margin (Q1, 2019), %5.9%
Flex Net income (Q1, 2019)116 M
Flex Cash, 29-Jun-20181.3 B
Flex EV8.7 B

Flex Revenue

Flex revenue was $23.86 b in FY, 2017 which is a 2.3% year over year decrease from the previous period.

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Flex Revenue Breakdown

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Flex revenue breakdown by business segment: 17.4% from High Reliability Solutions, 20.8% from Industrial & Emerging Industries, 26.7% from Consumer Technologies Group and 35.1% from Communications & Enterprise Compute

Flex Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

26.1 b24.4 b23.9 b

Revenue growth, %

(7%)(2%)

Cost of goods sold

24.6 b22.8 b22.3 b

Gross profit

1.5 b1.6 b1.6 b

Gross profit Margin, %

6%7%7%

General and administrative expense

844.5 m954.9 m937.3 m

Operating expense total

844.5 m954.9 m937.3 m

Pre tax profit

670.7 m454.7 m370.8 m

Income tax expense

69.9 m10.6 m51.3 m

Net Income

600.8 m444.1 m319.6 m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Revenue

6.6 b6.5 b7 b5.6 b6.3 b6.8 b5.9 b6 b6.1 b6 b19 b6.4 b

Cost of goods sold

6.3 b6.2 b6.6 b5.2 b5.9 b6.3 b5.5 b5.7 b5.7 b5.6 b17.8 b6 b

Gross profit

380.8 m377.1 m408.7 m352.3 m396.9 m452.5 m406 m313.7 m416.5 m406.9 m1.2 b377.9 m

Gross profit Margin, %

6%6%6%6%6%7%7%5%7%7%7%6%

General and administrative expense

209.3 m204.6 m216 m209.4 m216.8 m240.6 m239.5 m243.9 m231.6 m250.8 m772.3 m262.9 m

Operating expense total

209.3 m204.6 m216 m209.4 m216.8 m240.6 m239.5 m243.9 m231.6 m250.8 m772.3 m262.9 m

Pre tax profit

189.9 m154.3 m170.5 m118.6 m140.3 m126.6 m116.9 m14.7 m140.2 m145.5 m505.1 m141.6 m

Income tax expense

16 m15.4 m17.6 m7.8 m17.3 m(22.4 m)11.2 m17.3 m10.8 m20.8 m57 m25.6 m

Net Income

173.9 m138.9 m152.9 m110.9 m123 m148.9 m105.7 m(2.5 m)129.5 m124.7 m448.1 m116 m

Flex Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.6 b1.6 b1.6 b1.8 b

Accounts Receivable

2.7 b2.3 b2 b2.2 b

Inventories

3.6 b3.5 b3.5 b3.4 b

Current Assets

9.4 b8.7 b8.3 b8.4 b

PP&E

2.3 b2.1 b2.3 b2.3 b

Goodwill

942.1 m984.9 m

Total Assets

12.5 b11.7 b12.4 b12.6 b

Accounts Payable

4.7 b4.6 b4.2 b4.5 b

Dividends Payable

Short-term debt

Current Liabilities

7.7 b6.8 b6.6 b6.5 b

Long-term debt

2.1 b2 b2.7 b2.9 b

Total Debt

2.1 b2 b2.7 b2.9 b

Retained Earnings

(4.9 b)(4.3 b)(3.9 b)(3.6 b)

Total Equity

2.2 b2.4 b2.6 b2.7 b

EPS

0.6 1 0.8 0.6

Debt to Equity Ratio

0.9 x0.9 x1 x1.1 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

5.7 x4.9 x4.8 x4.7 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Cash

1.3 b1.5 b1.7 b2.3 b1.7 b1.6 b1.7 b1.5 b1.9 b1.6 b1.3 b1.3 b

Accounts Receivable

2.1 b2.5 b2.6 b2.1 b2.3 b2.2 b2.3 b

Inventories

3.5 b3.6 b3.6 b3.4 b3.6 b3.5 b3.6 b3.6 b3.5 b3.6 b3.7 b4 b

Current Assets

9 b8.9 b9.1 b9.1 b9 b9 b8.4 b8.5 b8.6 b8.6 b9.1 b9.7 b

PP&E

2.3 b2.2 b2.1 b2.1 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.4 b2.2 b

Goodwill

1 b1.1 b1.1 b

Total Assets

12.1 b11.9 b12.1 b12.1 b12.7 b13 b12.5 b12.7 b12.8 b13 b13.8 b14.3 b

Accounts Payable

4.7 b4.7 b4.9 b4.3 b4.8 b4.8 b4.3 b4.5 b4.7 b4.8 b5.4 b5.7 b

Current Liabilities

7.2 b7.1 b7.2 b6.5 b7 b7.2 b6.6 b6.9 b6.9 b6.8 b7.4 b7.8 b

Long-term debt

2.1 b2.1 b2 b2.6 b2.6 b2.7 b2.7 b2.7 b2.8 b2.9 b2.9 b2.9 b

Total Debt

2.1 b2.1 b2 b2.6 b2.6 b2.7 b2.7 b2.7 b2.8 b2.9 b2.9 b2.9 b

Retained Earnings

(4.8 b)(4.6 b)(4.5 b)(4.2 b)(4.1 b)(4 b)(3.8 b)(3.8 b)(3.7 b)(3.4 b)(3.1 b)(3 b)

Total Equity

2.3 b2.3 b2.4 b2.5 b2.5 b2.6 b2.7 b2.6 b2.6 b2.8 b3 b3.1 b

EPS

0.2 0.2 0.3 0.2 0.2 0.3 0.2 0.2 0.2

Debt to Equity Ratio

0.9 x0.9 x0.9 x1.1 x1.1 x1.1 x1 x1 x1.1 x1 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

5.2 x5.1 x5.1 x4.9 x5.2 x5.1 x4.7 x4.9 x4.8 x4.6 x4.6 x4.6 x

Flex Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

365.6 m600.8 m444.1 m319.6 m

Accounts Receivable

(590 m)317 m318 m(164.2 m)

Inventories

(760 m)72.7 m84.8 m85 m

Accounts Payable

1.1 b(176.9 m)(365.1 m)268.7 m

Cash From Operating Activities

1.2 b794 m1.1 b1.1 b

Purchases of PP&E

(609.6 m)(347.4 m)(510.6 m)(525.1 m)

Cash From Investing Activities

(783.9 m)(242.2 m)(1.4 b)(702.2 m)

Long-term Borrowings

(537.6 m)(344.2 m)(190.2 m)(141.7 m)

Cash From Financing Activities

(410.8 m)(516 m)249.6 m(242.1 m)

Net Change in Cash

6.6 m34.7 m(20.8 m)223.1 m

Income Taxes Paid

(36.3 m)(59.3 m)(64.3 m)(20 m)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Net Income

110.9 m233.8 m382.7 m105.7 m103.2 m232.7 m124.7 m448.1 m116 m

Cash From Operating Activities

362.3 m662 m939.8 m263.9 m543.6 m1 b138.5 m431 m(671.8 m)

Purchases of PP&E

(138.3 m)(296.4 m)(418.6 m)(159.1 m)(305.9 m)(413.6 m)(124.9 m)(432.9 m)(172.2 m)

Cash From Investing Activities

(162 m)(946.4 m)(1.3 b)(111.8 m)412.8 m(579.4 m)(352.3 m)(782.9 m)471.6 m

Long-term Borrowings

(8.5 m)(21.1 m)(40.7 m)(92.2 m)(110.6 m)(115.1 m)(7.6 m)

Cash From Financing Activities

506.4 m343.7 m386.5 m(95.1 m)(215.7 m)(204.6 m)(23.1 m)(173.4 m)14 k

Net Change in Cash

703 m40 m5.8 m71.8 m(70.5 m)249.5 m(248.5 m)

Flex Ratios

USDY, 2018

EV/CFO

-13 x

Financial Leverage

4.6 x
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Flex Operating Metrics

FY, 2015FY, 2016FY, 2017

Bookings (Communications and Enterprise Compute)

$2 b

Bookings (Consumer Technologies Group)

$1 b

Bookings (Industrial and Emerging Industries)

$2 b

Countries

30 30 30

Manufacturing Facilities

100 100 100
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