Cash flow Flex Ltd.

Equities

FLEX

SG9999000020

Electronic Equipment & Parts

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-16 pm EST			5-day change	1st Jan Change
42.39 ^USD	+1.12%		+3.24%	+10.42%

Dec. 16	Latecoere: Yves Yemsi appointed Director of Operations	CF
Dec. 16	Latecoere Appoints Yves Yemsi as Group Chief Operating Officer & President EMEA, Effective February 1, 2025	CI

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Published financial data: FLEX LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	24.21B	24.12B	26.04B	30.35B	26.42B
Total Revenues	24.21B	24.12B	26.04B	30.35B	26.42B
Cost of Goods Sold, Total	22.68B	22.35B	24.09B	28.06B	24.4B
Gross Profit	1.53B	1.78B	1.95B	2.29B	2.02B
Selling General & Admin Expenses, Total	834M	817M	892M	995M	922M
Amortization of Goodwill and Intangible Assets - (IS)	64.11M	62M	68M	82M	70M
Other Operating Expenses, Total	898M	879M	960M	1.08B	992M
Operating Income	630M	896M	987M	1.21B	1.03B
Interest Expense, Total	-139M	-150M	-153M	-231M	-207M
Interest And Investment Income	19.38M	14M	14M	30M	56M
Net Interest Expenses	-119M	-136M	-139M	-201M	-151M
Income (Loss) On Equity Invest.	-	35M	44M	-4M	8M
Currency Exchange Gains (Loss)	9.68M	21M	32M	7M	-24M
Other Non Operating Income (Expenses)	-40.67M	-12M	-28.3M	-12M	-20M
EBT, Excl. Unusual Items	480M	804M	896M	1B	841M
Restructuring Charges	-216M	-101M	-15M	-27M	-175M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-97.69M	11M	15M	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	149M	-	-
Other Unusual Items	-7.2M	-	-	-	-
EBT, Incl. Unusual Items	158M	714M	1.04B	974M	666M
Income Tax Expense	70.91M	101M	105M	-59M	-206M
Earnings From Continuing Operations	87.58M	613M	940M	1.03B	872M
Earnings Of Discontinued Operations	-	-	-	-	373M
Net Income to Company	87.58M	613M	940M	1.03B	1.24B
Minority Interest	-	-	-4M	-240M	-239M
Net Income - (IS)	87.58M	613M	936M	793M	1.01B
Net Income to Common Incl Extra Items	87.58M	613M	936M	793M	1.01B
Net Income to Common Excl. Extra Items	87.58M	613M	936M	793M	633M
Per Share Items
Net EPS - Basic	0.17	1.23	1.97	1.75	2.31
Basic EPS - Continuing Operations	0.17	1.23	1.97	1.75	1.46
Basic Weighted Average Shares Outstanding	509M	499M	476M	454M	435M
Net EPS - Diluted	0.17	1.21	1.94	1.72	2.28
Diluted EPS - Continuing Operations	0.17	1.21	1.94	1.72	1.43
Diluted Weighted Average Shares Outstanding	512M	506M	483M	462M	441M
Normalized Basic EPS	0.59	1.01	1.17	0.85	0.66
Normalized Diluted EPS	0.59	0.99	1.15	0.83	0.65
Supplemental Items
EBITDA	1.12B	1.38B	1.46B	1.71B	1.55B
EBITA	694M	958M	1.05B	1.3B	1.12B
EBIT	630M	896M	987M	1.21B	1.03B
EBITDAR	1.28B	1.56B	1.64B	1.9B	1.74B
Effective Tax Rate - (Ratio)	44.74	14.15	10.05	-6.06	-30.93
Current Domestic Taxes	1.78M	1M	3M	6M	3M
Current Foreign Taxes	62.56M	105M	146M	136M	161M
Total Current Taxes	64.34M	106M	149M	142M	164M
Deferred Domestic Taxes	-38K	1M	-	1M	-1M
Deferred Foreign Taxes	6.6M	-6M	-44M	-202M	-369M
Total Deferred Taxes	6.57M	-5M	-44M	-201M	-370M
Normalized Net Income	300M	502M	556M	386M	287M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	163M	180M	180M	185M	188M
Imputed Operating Lease Interest Expense	55.05M	54.16M	47.17M	73.09M	75.84M
Imputed Operating Lease Depreciation	108M	126M	133M	112M	112M
Stock-Based Comp., COGS (Total)	15.17M	20M	24M	38M	28M
Stock-Based Comp., SG&A Exp. (Total)	56.37M	59M	67M	95M	85M
Stock-Based Comp., Other (Total)	-	-	-	-	39M
Total Stock-Based Compensation	71.55M	79M	91M	133M	152M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.92B	2.64B	2.96B	3.29B	2.47B
Total Cash And Short Term Investments	1.92B	2.64B	2.96B	3.29B	2.47B
Accounts Receivable, Total	2.72B	4.24B	3.89B	4.28B	3.28B
Total Receivables	2.72B	4.24B	3.89B	4.28B	3.28B
Inventory	3.79B	3.9B	6.58B	7.53B	6.2B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	660M	590M	903M	917M	1.03B
Total Current Assets	9.09B	11.36B	14.34B	16.02B	12.99B
Gross Property Plant And Equipment	6.34B	6.48B	6.74B	7.17B	7.31B
Accumulated Depreciation	-3.52B	-3.75B	-3.98B	-4.22B	-4.44B
Net Property Plant And Equipment	2.82B	2.74B	2.76B	2.96B	2.87B
Long-term Investments	128M	231M	131M	115M	123M
Goodwill	1.06B	1.09B	1.34B	1.34B	1.14B
Other Intangibles, Total	262M	213M	411M	316M	245M
Deferred Tax Assets Long-Term	163M	165M	177M	412M	644M
Other Long-Term Assets, Total	164M	35.2M	165M	231M	248M
Total Assets	13.69B	15.84B	19.32B	21.4B	18.26B
Liabilities
Accounts Payable, Total	5.11B	5.25B	6.25B	5.93B	4.47B
Accrued Expenses, Total	364M	473M	470M	522M	488M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	149M	268M	949M	150M	-
Current Portion of Leases	126M	138M	134M	127M	137M
Unearned Revenue Current, Total	362M	376M	616M	795M	449M
Other Current Liabilities	1.1B	1.33B	2.29B	3.33B	3B
Total Current Liabilities	7.21B	7.83B	10.71B	10.86B	8.54B
Long-Term Debt	2.69B	3.52B	3.25B	3.69B	3.26B
Long-Term Leases	546M	566M	553M	507M	490M
Deferred Tax Liability Non Current	-	-	-	77M	178M
Other Non Current Liabilities	412M	485M	606M	559M	464M
Total Liabilities	10.86B	12.4B	15.12B	15.69B	12.93B
Common Stock, Total	6.34B	6.23B	6.05B	6.49B	5.07B
Retained Earnings	-2.9B	-2.29B	-1.35B	-560M	446M
Treasury Stock	-388M	-388M	-388M	-388M	-
Comprehensive Income and Other	-215M	-119M	-182M	-194M	-195M
Total Common Equity	2.83B	3.44B	4.13B	5.35B	5.32B
Minority Interest	-	-	78M	355M	-
Total Equity	2.83B	3.44B	4.21B	5.71B	5.32B
Total Liabilities And Equity	13.69B	15.84B	19.32B	21.4B	18.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	498M	491M	458M	444M	402M
ECS Total Common Shares Outstanding	497M	493M	461M	450M	408M
Book Value / Share	5.69	6.98	8.97	11.89	13.05
Tangible Book Value	1.5B	2.13B	2.38B	3.69B	3.94B
Tangible Book Value Per Share	3.02	4.33	5.16	8.2	9.67
Total Debt	3.51B	4.49B	4.88B	4.48B	3.89B
Net Debt	1.59B	1.85B	1.92B	1.18B	1.41B
Debt Equivalent Oper. Leases	1.3B	1.44B	1.44B	1.48B	1.5B
Minority Interest, Total (Incl. Fin. Div)	-	-	78M	355M	-
Equity Method Investments, Total	-	128M	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	2.84B	2.83B	5.29B	6.14B	5.04B
Inventories - Work In Process, Total	374M	459M	602M	709M	623M
Inventories - Finished Goods, Total	576M	605M	688M	681M	537M
Land - (BS)	112M	113M	113M	124M	123M
Buildings, Total	1.09B	1.1B	1.12B	1.16B	1.21B
Machinery, Total	3.76B	3.87B	4.04B	4.29B	4.51B
Full Time Employees	160K	167K	173K	172K	148K
Accumulated Allowance for Doubtful Accounts (Supple)	95.93M	61M	96M	8M	12M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	87.58M	613M	936M	793M	1.01B
Depreciation & Amortization - CF	422M	422M	409M	414M	431M
Amortization of Goodwill and Intangible Assets - (CF)	64.11M	61.8M	67.9M	87M	92M
Depreciation & Amortization, Total	487M	484M	477M	501M	523M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	262M	85.2M	0	-	14M
Stock-Based Compensation (CF)	71.55M	79M	91M	133M	152M
Provision and Write-off of Bad Debts	23.73M	5M	-3M	3M	9M
Other Operating Activities, Total	-32.44M	-7M	39.1M	135M	-127M
Change In Accounts Receivable	-2.19B	-1.51B	398M	-415M	339M
Change In Inventories	-66.46M	-96M	-2.66B	-974M	1.1B
Change In Accounts Payable	-14.55M	103M	969M	-341M	-986M
Change in Other Net Operating Assets	-158M	386M	772M	1.12B	-709M
Cash from Operations	-1.53B	144M	1.02B	950M	1.33B
Capital Expenditure	-462M	-351M	-443M	-635M	-530M
Sale of Property, Plant, and Equipment	106M	85M	11M	20M	25M
Cash Acquisitions	-1.39M	-	-539M	2M	-
Divestitures	3.4M	-3M	9M	2M	12M
Other Investing Activities, Total	2.63B	67M	11M	7M	1M
Cash from Investing	2.28B	-202M	-951M	-604M	-492M
Long-Term Debt Issued, Total	1.07B	2.06B	759M	718M	2M
Total Debt Issued	1.07B	2.06B	759M	718M	2M
Long-Term Debt Repaid, Total	-1.32B	-1.14B	-284M	-1.02B	-409M
Total Debt Repaid	-1.32B	-1.14B	-284M	-1.02B	-409M
Issuance of Common Stock	-	-	-	694M	552M
Repurchase of Common Stock	-260M	-183M	-686M	-337M	-1.3B
Other Financing Activities, Total	-2.44M	3M	491M	-49M	-503M
Cash from Financing	-508M	743M	280M	2M	-1.66B
Foreign Exchange Rate Adjustments	-11.23M	29M	-26M	-18M	2M
Net Change in Cash	226M	714M	327M	330M	-820M
Supplemental Items
Cash Income Tax Paid (Refund)	98.94M	105M	122M	124M	243M
Levered Free Cash Flow	618M	-404M	188M	206M	818M
Unlevered Free Cash Flow	704M	-311M	284M	350M	948M
Change In Net Working Capital	-214M	1.08B	458M	406M	-160M
Net Debt Issued / Repaid	-246M	923M	475M	-306M	-407M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.9	3.79	3.51	3.72	3.24
Return on Total Capital	6.37	7.87	7.26	7.86	6.68
Return On Equity %	3.02	19.56	24.6	20.84	15.81
Return on Common Equity	3.02	19.56	24.75	16.73	11.86
Margin Analysis
Gross Profit Margin %	6.31	7.36	7.48	7.54	7.65
SG&A Margin	3.45	3.39	3.43	3.28	3.49
EBITDA Margin %	4.61	5.72	5.62	5.64	5.87
EBITA Margin %	2.87	3.97	4.05	4.28	4.24
EBIT Margin %	2.6	3.71	3.79	3.99	3.89
Income From Continuing Operations Margin %	0.36	2.54	3.61	3.4	3.3
Net Income Margin %	0.36	2.54	3.59	2.61	3.81
Net Avail. For Common Margin %	0.36	2.54	3.59	2.61	2.4
Normalized Net Income Margin	1.24	2.08	2.13	1.27	1.08
Levered Free Cash Flow Margin	2.55	-1.68	0.72	0.68	3.1
Unlevered Free Cash Flow Margin	2.91	-1.29	1.09	1.15	3.59
Asset Turnover
Asset Turnover	1.78	1.63	1.48	1.49	1.33
Fixed Assets Turnover	9.39	8.68	9.47	10.61	9.08
Receivables Turnover (Average Receivables)	8.29	6.93	6.41	7.43	7.54
Inventory Turnover (Average Inventory)	6.04	5.82	4.6	3.98	3.59
Short Term Liquidity
Current Ratio	1.26	1.45	1.34	1.48	1.52
Quick Ratio	0.64	0.88	0.64	0.7	0.67
Operating Cash Flow to Current Liabilities	-0.21	0.02	0.1	0.09	0.16
Days Sales Outstanding (Average Receivables)	44.14	52.65	56.98	49.13	48.53
Days Outstanding Inventory (Average Inventory)	60.58	62.71	79.34	91.78	101.97
Average Days Payable Outstanding	82.52	84.14	78.38	76.65	80.35
Cash Conversion Cycle (Average Days)	22.2	31.22	57.95	64.26	70.15
Long Term Solvency
Total Debt/Equity	123.99	130.58	116.1	78.43	73.01
Total Debt / Total Capital	55.35	56.63	53.73	43.95	42.2
LT Debt/Equity	114.27	118.77	90.35	73.57	70.44
Long-Term Debt / Total Capital	51.01	51.51	41.81	41.23	40.71
Total Liabilities / Total Assets	79.32	78.3	78.23	73.33	70.83
EBIT / Interest Expense	4.54	5.97	6.45	5.24	4.97
EBITDA / Interest Expense	9.22	10.4	10.75	8.21	8.4
(EBITDA - Capex) / Interest Expense	5.89	8.06	7.85	5.46	5.84
Total Debt / EBITDA	2.74	2.88	2.97	2.36	2.24
Net Debt / EBITDA	1.24	1.19	1.17	0.62	0.81
Total Debt / (EBITDA - Capex)	4.29	3.71	4.07	3.55	3.22
Net Debt / (EBITDA - Capex)	1.94	1.53	1.6	0.94	1.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.63	-0.36	7.95	16.53	-7.32
Gross Profit, 1 Yr. Growth %	-5.47	12.27	9.69	17.51	1.05
EBITDA, 1 Yr. Growth %	1.78	18.02	6.1	17.03	0.39
EBITA, 1 Yr. Growth %	4.61	28.2	10.14	23.16	-0.97
EBIT, 1 Yr. Growth %	6.93	31.19	10.16	22.7	-1.53
Earnings From Cont. Operations, 1 Yr. Growth %	-6.23	596.59	53.34	9.89	27.67
Net Income, 1 Yr. Growth %	-6.23	596.59	52.69	-15.28	26.86
Normalized Net Income, 1 Yr. Growth %	19.6	51.07	10.61	-41.61	1.91
Diluted EPS Before Extra, 1 Yr. Growth %	-4.17	611.76	60.33	-11.34	49.02