Flex Ltd
NASDAQ:FLEX

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Flex Ltd
NASDAQ:FLEX
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Price: 41.3 USD 1.9% Market Closed
Market Cap: 16B USD
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Income Statement

Earnings Waterfall
Flex Ltd

Revenue
46.4B USD
Cost of Revenue
-42.6B USD
Gross Profit
3.8B USD
Operating Expenses
-1.7B USD
Operating Income
2B USD
Other Expenses
-467m USD
Net Income
1.6B USD

Income Statement
Flex Ltd

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jul-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jul-2021 Oct-2021 Dec-2021 Mar-2022 Jul-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
27 079
N/A
26 920
-1%
26 148
-3%
25 071
-4%
24 860
-1%
24 598
-1%
24 419
-1%
24 730
+1%
24 421
-1%
23 773
-3%
23 863
+0%
23 994
+1%
24 256
+1%
24 893
+3%
25 441
+2%
25 832
+2%
26 224
+2%
26 395
+1%
26 211
-1%
25 988
-1%
25 413
-2%
24 952
-2%
24 210
-3%
23 187
-4%
23 084
0%
23 343
+1%
24 124
+3%
25 313
+5%
25 557
+1%
25 456
0%
26 041
+2%
27 046
+4%
28 583
+6%
29 720
+4%
30 346
+2%
30 335
0%
30 040
-1%
29 387
-2%
26 415
-10%
47 303
+79%
46 377
-2%
Gross Profit
Cost of Revenue
(25 501)
(25 333)
(24 603)
(23 555)
(23 323)
(23 017)
(22 811)
(23 068)
(22 843)
(22 231)
(22 303)
(22 434)
(22 616)
(23 223)
(23 778)
(24 198)
(24 555)
(24 754)
(24 594)
(24 351)
(23 903)
(23 415)
(22 681)
(21 745)
(21 526)
(21 721)
(22 349)
(23 380)
(23 569)
(23 485)
(24 094)
(25 027)
(26 447)
(27 487)
(28 058)
(27 978)
(27 606)
(26 838)
(24 395)
(43 425)
(42 620)
Gross Profit
1 577
N/A
1 587
+1%
1 545
-3%
1 517
-2%
1 537
+1%
1 581
+3%
1 608
+2%
1 662
+3%
1 579
-5%
1 543
-2%
1 560
+1%
1 561
+0%
1 640
+5%
1 670
+2%
1 663
0%
1 634
-2%
1 669
+2%
1 641
-2%
1 617
-1%
1 637
+1%
1 511
-8%
1 537
+2%
1 529
-1%
1 442
-6%
1 558
+8%
1 622
+4%
1 775
+9%
1 933
+9%
1 988
+3%
1 971
-1%
1 947
-1%
2 019
+4%
2 136
+6%
2 233
+5%
2 288
+2%
2 357
+3%
2 434
+3%
2 549
+5%
2 020
-21%
3 878
+92%
3 757
-3%
Operating Income
Operating Expenses
(955)
(958)
(828)
(868)
(893)
(968)
(1 021)
(1 100)
(1 148)
(1 105)
(1 041)
(1 059)
(932)
(953)
(928)
(980)
(1 082)
(1 068)
(1 036)
(989)
(963)
(951)
(897)
(860)
(846)
(837)
(879)
(933)
(841)
(878)
(976)
(807)
(821)
(843)
(1 077)
(1 104)
(1 127)
(1 146)
(992)
(1 791)
(1 734)
Selling, General & Administrative
(847)
(838)
(844)
(845)
(857)
(881)
(955)
(985)
(1 012)
(1 003)
(937)
(949)
(979)
(995)
(1 019)
(1 032)
(986)
(976)
(953)
(906)
(883)
(863)
(834)
(815)
(803)
(807)
(817)
(827)
(847)
(850)
(892)
(933)
(965)
(983)
(995)
(1 024)
(1 051)
(1 072)
(922)
(1 671)
(1 615)
Depreciation & Amortization
(28)
(31)
(32)
(33)
(41)
(52)
(66)
(80)
(86)
(85)
(81)
(80)
(74)
(75)
(79)
(77)
(79)
(80)
(74)
(73)
(71)
(66)
(64)
(62)
(62)
(62)
(62)
(62)
(61)
(60)
(68)
(75)
(81)
(85)
(82)
(80)
(76)
(74)
(70)
(120)
(119)
Other Operating Expenses
(80)
(89)
49
9
5
(35)
(1)
(35)
(50)
(17)
(21)
(31)
121
117
170
129
(17)
(11)
(9)
(11)
(10)
(22)
1
17
18
33
0
(44)
67
32
(16)
201
225
225
0
0
0
0
0
0
0
Operating Income
623
N/A
630
+1%
717
+14%
649
-10%
644
-1%
613
-5%
586
-4%
562
-4%
431
-23%
438
+2%
519
+19%
502
-3%
708
+41%
718
+1%
735
+2%
654
-11%
588
-10%
574
-2%
581
+1%
648
+11%
548
-15%
586
+7%
632
+8%
582
-8%
712
+22%
785
+10%
896
+14%
1 000
+12%
1 147
+15%
1 093
-5%
971
-11%
1 212
+25%
1 315
+8%
1 390
+6%
1 211
-13%
1 253
+3%
1 307
+4%
1 403
+7%
1 028
-27%
2 087
+103%
2 023
-3%
Pre-Tax Income
Interest Income Expense
113
118
(33)
(40)
(41)
(53)
(108)
(74)
(92)
(100)
(79)
(94)
(97)
(102)
(89)
(109)
(113)
(113)
(132)
(129)
(124)
(118)
(105)
(112)
(115)
(122)
(32)
(133)
(136)
(138)
(46)
(148)
(159)
(173)
(161)
(195)
(175)
(151)
(143)
(232)
(245)
Non-Reccuring Items
0
0
0
0
8
16
8
0
0
0
(49)
0
0
0
(91)
1
(29)
(165)
(219)
(362)
(463)
(342)
(321)
(270)
(175)
(209)
(138)
0
(85)
0
133
0
(15)
(20)
(27)
(50)
(53)
(122)
(175)
(277)
(292)
Total Other Income
(178)
(174)
(13)
(9)
(26)
(35)
(31)
(35)
(11)
3
(20)
(8)
(8)
(11)
(34)
(28)
(38)
(61)
(48)
(51)
(62)
(48)
(47)
(37)
(11)
44
(12)
12
171
152
(13)
(21)
(197)
(234)
(49)
(27)
(45)
(51)
(44)
(88)
(57)
Pre-Tax Income
557
N/A
573
+3%
671
+17%
599
-11%
585
-2%
541
-8%
455
-16%
453
0%
327
-28%
341
+4%
371
+9%
399
+8%
603
+51%
604
+0%
521
-14%
517
-1%
407
-21%
234
-42%
182
-22%
105
-43%
(100)
N/A
77
N/A
159
+106%
162
+2%
411
+153%
499
+21%
714
+43%
879
+23%
1 097
+25%
1 107
+1%
1 045
-6%
1 043
0%
944
-9%
963
+2%
974
+1%
981
+1%
1 034
+5%
1 079
+4%
666
-38%
1 490
+124%
1 429
-4%
Net Income
Tax Provision
(56)
(65)
(70)
(62)
(64)
(24)
(11)
(14)
(14)
(47)
(51)
(61)
(57)
(69)
(92)
(97)
(106)
(96)
(89)
(83)
(82)
(103)
(71)
(67)
(86)
(77)
(101)
(112)
(107)
(98)
(105)
(114)
(113)
(122)
59
68
183
134
206
160
29
Income from Continuing Operations
501
509
601
538
522
518
444
439
313
294
320
339
546
535
429
420
302
138
93
22
(182)
(25)
88
95
325
422
613
767
990
1 009
940
929
831
841
1 033
1 049
1 217
1 213
872
1 650
1 458
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(10)
(16)
(23)
(240)
(259)
(431)
(460)
0
(214)
(36)
Net Income (Common)
501
N/A
509
+2%
601
+18%
538
-11%
522
-3%
518
-1%
444
-14%
439
-1%
313
-29%
294
-6%
320
+9%
339
+6%
546
+61%
535
-2%
429
-20%
420
-2%
302
-28%
138
-54%
93
-33%
22
-77%
(182)
N/A
(25)
+86%
88
N/A
95
+8%
325
+242%
422
+30%
613
+45%
767
+25%
990
+29%
1 009
+2%
936
-7%
919
-2%
815
-11%
818
+0%
793
-3%
790
0%
786
-1%
753
-4%
1 006
+34%
1 570
+56%
1 556
-1%
EPS (Diluted)
0.84
N/A
0.85
+1%
1.02
+20%
0.93
-9%
0.92
-1%
0.91
-1%
0.79
-13%
0.79
N/A
0.57
-28%
0.54
-5%
0.59
+9%
0.63
+7%
1.01
+60%
0.99
-2%
0.8
-19%
0.78
-3%
0.56
-28%
0.25
-55%
0.18
-28%
0.04
-78%
-0.35
N/A
-0.04
+89%
0.17
N/A
0.19
+12%
0.64
+237%
0.83
+30%
1.21
+46%
1.53
+26%
2.03
+33%
2.12
+4%
1.94
-8%
1.96
+1%
1.77
-10%
1.78
+1%
1.72
-3%
1.72
N/A
1.75
+2%
1.72
-2%
2.28
+33%
3.81
+67%
3.89
+2%

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