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FLEX - Flex Ltd.

NASDAQ -> Technology -> Electronic Components
Singapore, Singapore
Type: Equity

FLEX price evolution
FLEX
(in millions $) 1 May 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Current assets
Cash $2764 $2900 $2660
Short term investments
Net receivables $3605 $3801 $3764
Inventory $6815 $7166 $7526
Total current assets $14877 $15463 $15540
Long term investments
Property, plant & equipment $2940 $2937 $2987
Goodwill & intangible assets $1614 $1612 $1643
Total noncurrent assets $5489 $5505 $5396
Total investments
Total assets $20366 $20968 $20936
Current liabilities
Accounts payable $5292 $5728 $5890
Deferred revenue $2567 $2795 $3038
Short long term debt $3 $151
Total current liabilities $9386 $10106 $10638
Long term debt $3933 $3909 $3958
Total noncurrent liabilities $4535 $4506 $4512
Total debt $3936 $3909 $4109
Total liabilities $13921 $14612 $15150
Shareholders' equity
Retained earnings $51 -$146 -$374
Other shareholder equity -$142 -$240 -$169
Total shareholder equity $5965 $5906 $5406
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $3294 $2964 $2637 $1922.69
Short term investments
Net receivables $3739 $3371 $4106 $2435.98
Inventory $7530 $6580 $3895 $3785.07
Total current assets $16021 $14337 $11363 $9086.27
Long term investments $230.8
Property, plant & equipment $2957 $2762 $2739 $2821.06
Goodwill & intangible assets $1659 $1753 $1303 $1326.97
Total noncurrent assets $5374 $4988 $4473 $4603.35
Total investments
Total assets $21395 $19325 $15836 $13689.62
Current liabilities
Accounts payable $5930 $6254 $5247 $5108.25
Deferred revenue $3143 $2002
Short long term debt $150 $949 $268 $149.13
Total current liabilities $10855 $10711 $7834 $7211.09
Long term debt $4197 $3799 $4077 $3218.08
Total noncurrent liabilities $4834 $4407 $4566 $3647.38
Total debt $4347 $4748 $4345 $3367.21
Total liabilities $15689 $15118 $12400 $10858.46
Shareholders' equity
Retained earnings -$560 -$1353 -$2289 -$2902.41
Other shareholder equity -$194 -$182 -$119 -$214.67
Total shareholder equity $5351 $4129 $3436 $2831.15
(in millions $) 1 May 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Revenue
Total revenue $7103 $7471 $7336
Cost of revenue $6461 $6806 $6749
Gross Profit $642 $665 $587
Operating activities
Research & development
Selling, general & administrative $264 $272 $270
Total operating expenses $299 $289 $296
Operating income $343 $376 $291
Income from continuing operations
EBIT $307 $182 $255
Income tax expense $74 -$81 $28
Interest expense $36 $35 $41
Net income
Net income $197 $228 $186
Income (for common shares) $197 $228 $186
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $30346 $24124 $24209.87
Cost of revenue $28081 $22437 $22871.91
Gross Profit $2265 $1687 $1337.96
Operating activities
Research & development
Selling, general & administrative $995 $817 $834.11
Total operating expenses $1081 $892 $924.19
Operating income $1184 $795 $413.76
Income from continuing operations
EBIT $935 $862 $322.21
Income tax expense -$59 $101 $70.91
Interest expense $201 $148 $163.73
Net income
Net income $793 $613 $87.58
Income (for common shares) $793 $613 $87.58
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $197 $228 $186 $142
Operating activities
Depreciation $130 $127 $133 $261
Business acquisitions & disposals $2
Stock-based compensation $133
Total cash flows from operations $284 $357 $6 $450
Investing activities
Capital expenditures -$128 -$144 -$156 -$180
Investments
Total cash flows from investing -$117 -$142 -$155 -$179
Financing activities
Dividends paid
Sale and purchase of stock -$275 -$309 -$197 -$44
Net borrowings -$155 -$241 -$199
Total cash flows from financing -$308 $26 -$486 $455
Effect of exchange rate $5 -$1 $1 $3
Change in cash and equivalents -$136 $240 -$634 $729
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $793 $936 $613 $87.58
Operating activities
Depreciation $632 $614 $693 $748.05
Business acquisitions & disposals $4 -$530 -$3 $2567.57
Stock-based compensation $133 $91 $79 $71.55
Total cash flows from operations $950 $1024 $144 -$1533.28
Investing activities
Capital expenditures -$615 -$432 -$266 -$356
Investments
Total cash flows from investing -$604 -$951 -$202 $2279.03
Financing activities
Dividends paid
Sale and purchase of stock -$337 -$686 -$183 -$259.91
Net borrowings -$306 $475 $923 -$246.11
Total cash flows from financing $2 $280 $743 -$508.46
Effect of exchange rate -$18 -$26 $29 -$11.23
Change in cash and equivalents $330 $327 $714 $226.06
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q N/A
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA N/A
ROE N/A
Debt/Equity 2.93
Net debt/EBITDA N/A
Current ratio N/A
Quick ratio N/A