Complete financial analysis of Flex Ltd. (FLEX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flex Ltd., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Flex Ltd. (FLEX)
About Flex Ltd.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.42B | 30.35B | 26.04B | 24.12B | 24.21B | 26.31B | 25.44B | 23.86B | 24.42B | 26.15B | 26.11B | 23.57B | 29.39B | 28.68B | 24.11B | 30.95B | 27.56B | 18.85B | 15.29B | 15.91B | 14.53B | 13.38B | 13.10B | 12.11B | 4.31B | 1.81B | 1.11B | 490.59M | 448.30M | 237.40M | 122.90M | 93.30M |
| Cost of Revenue | 24.47B | 28.08B | 24.11B | 22.44B | 22.87B | 24.79B | 23.85B | 22.34B | 22.81B | 24.60B | 24.67B | 22.40B | 27.87B | 27.09B | 22.89B | 29.51B | 25.97B | 17.92B | 14.54B | 14.83B | 13.70B | 12.65B | 12.22B | 11.13B | 4.00B | 1.65B | 1.00B | 440.45M | 397.10M | 209.50M | 107.80M | 80.90M |
| Gross Profit | 1.95B | 2.27B | 1.93B | 1.69B | 1.34B | 1.52B | 1.60B | 1.52B | 1.61B | 1.55B | 1.44B | 1.17B | 1.52B | 1.58B | 1.22B | 1.44B | 1.59B | 929.00M | 747.88M | 1.08B | 825.84M | 728.30M | 879.88M | 981.80M | 302.57M | 154.74M | 108.90M | 50.14M | 51.20M | 27.90M | 15.10M | 12.40M |
| Gross Profit Ratio | 7.38% | 7.46% | 7.42% | 6.99% | 5.53% | 5.77% | 6.27% | 6.37% | 6.59% | 5.91% | 5.52% | 4.95% | 5.16% | 5.53% | 5.05% | 4.64% | 5.75% | 4.93% | 4.89% | 6.79% | 5.68% | 5.44% | 6.71% | 8.11% | 7.02% | 8.56% | 9.78% | 10.22% | 11.42% | 11.75% | 12.29% | 13.29% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.00M | 78.20M | 65.60M | 75.50M | 26.30M | 30.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 922.00M | 995.00M | 892.00M | 817.00M | 834.11M | 953.08M | 1.02B | 937.34M | 954.89M | 844.47M | 874.80M | 805.24M | 880.64M | 816.35M | 767.13M | 979.06M | 868.11M | 547.54M | 463.95M | 568.53M | 487.29M | 456.20M | 443.59M | 430.11M | 135.54M | 71.48M | 62.56M | 30.72M | 50.10M | 11.60M | 6.50M | 5.30M |
| Other Expenses | 0.00 | 82.00M | 68.00M | 62.00M | 64.11M | -110.41M | 169.72M | -21.19M | -47.74M | 53.23M | -57.51M | 65.19M | 19.96M | 70.91M | 89.62M | 135.87M | 112.32M | 37.09M | 37.16M | 42.52M | 36.72M | 22.15M | 12.62M | 63.54M | 6.78M | 3.62M | -3.76M | 8.50M | 10.40M | 6.10M | 3.40M | 3.70M |
| Operating Expenses | 922.00M | 1.08B | 960.00M | 879.00M | 898.21M | 1.03B | 1.10B | 1.02B | 1.02B | 876.51M | 903.69M | 834.76M | 936.53M | 816.35M | 856.75M | 1.11B | 980.42M | 584.63M | 501.11M | 611.05M | 524.00M | 478.35M | 456.20M | 493.65M | 142.32M | 75.10M | 58.81M | 39.22M | 60.50M | 17.70M | 9.90M | 9.00M |
| Cost & Expenses | 25.39B | 29.16B | 25.07B | 23.32B | 23.77B | 25.82B | 24.94B | 23.36B | 23.83B | 25.48B | 25.57B | 23.24B | 28.81B | 27.91B | 23.75B | 30.63B | 26.95B | 18.51B | 15.04B | 15.44B | 14.23B | 13.13B | 12.68B | 11.62B | 4.15B | 1.73B | 1.06B | 479.67M | 457.60M | 227.20M | 117.70M | 89.90M |
| Interest Income | 56.00M | 30.00M | 14.00M | 14.00M | 19.38M | 19.50M | 104.26M | 95.89M | 0.00 | 0.00 | 0.00 | 8.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 207.00M | 458.00M | 152.00M | 150.00M | 163.73M | 183.45M | 0.00 | 0.00 | 84.79M | 51.41M | 61.90M | 56.26M | 36.01M | 82.07M | 155.60M | 188.37M | 101.30M | 91.99M | 92.95M | 94.21M | 25.91M | 92.78M | 91.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 498.00M | 492.00M | 606.90M | 484.00M | 486.51M | 507.81M | 513.07M | 513.63M | 491.67M | 32.04M | 28.89M | 29.53M | 521.92M | 471.67M | 707.53M | 693.60M | 712.84M | 421.74M | 390.83M | 375.83M | 664.57M | 420.17M | 483.63M | 524.07M | 82.69M | 50.41M | 30.95M | 13.94M | 10.40M | 6.10M | 3.40M | 3.70M |
| EBITDA | 1.33B | 1.49B | 1.46B | 1.43B | 790.98M | 835.59M | 1.16B | 992.48M | 1.04B | 754.10M | 926.90M | 951.43M | 1.13B | 1.18B | 1.07B | -5.36B | 870.08M | 766.11M | 637.61M | 943.33M | 489.14M | 670.12M | 907.31M | 1.01B | 454.25M | 353.29M | 88.82M | 38.21M | 37.50M | 16.30M | 8.60M | 7.10M |
| EBITDA Ratio | 5.02% | 5.58% | 5.59% | 5.76% | 4.53% | 4.35% | 4.81% | 4.57% | 4.32% | 2.88% | 1.95% | 1.58% | 3.82% | 2.68% | 4.43% | 2.78% | 6.37% | 3.68% | 4.10% | 5.93% | 11.08% | 7.28% | 11.26% | 16.10% | 5.76% | 7.38% | 7.85% | 5.72% | 0.60% | 7.62% | 7.81% | 7.93% |
| Operating Income | 1.03B | 1.18B | 972.00M | 821.00M | 348.20M | 490.30M | 497.84M | 502.21M | 653.17M | 700.87M | 548.76M | 349.41M | 544.80M | 768.58M | 360.79M | 320.63M | 604.92M | 344.37M | 246.78M | 469.31M | 301.84M | 249.95M | 423.68M | 488.15M | 160.25M | 79.63M | 50.09M | 10.92M | -9.30M | 10.20M | 5.20M | 3.40M |
| Operating Income Ratio | 3.89% | 3.90% | 3.73% | 3.40% | 1.44% | 1.86% | 1.96% | 2.10% | 2.67% | 2.68% | 2.10% | 1.48% | 1.85% | 2.68% | 1.50% | 1.04% | 2.20% | 1.83% | 1.61% | 2.95% | 2.08% | 1.87% | 3.23% | 4.03% | 3.72% | 4.41% | 4.50% | 2.23% | -2.07% | 4.30% | 4.23% | 3.64% |
| Total Other Income/Expenses | -362.00M | -377.00M | -8.00M | -156.00M | -345.37M | -382.57M | -55.59M | -170.12M | -132.53M | 1.82M | -136.08M | -2.67M | -26.05M | -81.08M | -371.54M | 5.21M | -600.34M | -19.42M | -82.04M | -109.81M | -235.94M | -397.19M | -666.28M | -1.04B | 21.40M | -40.26M | -28.50M | -6.43M | -33.90M | -2.50M | -2.00M | -1.80M |
| Income Before Tax | 666.00M | 974.00M | 1.05B | 714.00M | 158.49M | 182.13M | 520.89M | 370.85M | 454.68M | 670.66M | 400.45M | 328.82M | 564.76M | 615.60M | -16.78M | -6.08B | 65.67M | 324.95M | 164.74M | 276.91M | -420.12M | -147.24M | -242.60M | -552.30M | 136.42M | 59.30M | 22.17M | 9.68M | -13.60M | 7.70M | 3.20M | 1.60M |
| Income Before Tax Ratio | 2.52% | 3.21% | 4.01% | 2.96% | 0.65% | 0.69% | 2.05% | 1.55% | 1.86% | 2.56% | 1.53% | 1.40% | 1.92% | 2.15% | -0.07% | -19.65% | 0.24% | 1.72% | 1.08% | 1.74% | -2.89% | -1.10% | -1.85% | -4.56% | 3.17% | 3.28% | 1.99% | 1.97% | -3.03% | 3.24% | 2.60% | 1.71% |
| Income Tax Expense | -206.00M | -59.00M | 105.00M | 101.00M | 70.91M | 88.73M | 92.36M | 51.28M | 10.59M | 69.85M | 34.86M | 26.31M | 54.12M | 19.38M | -35.37M | 5.21M | 705.04M | 4.05M | 54.22M | -62.96M | -67.74M | -63.79M | -88.85M | -106.29M | 15.51M | 7.77M | 2.26M | 2.21M | 3.80M | 1.50M | 700.00K | 300.00K |
| Net Income | 1.01B | 793.00M | 936.00M | 613.00M | 88.00M | 93.40M | 428.53M | 319.56M | 444.08M | 600.80M | 365.59M | 277.05M | 488.77M | 596.22M | 18.59M | -6.09B | -639.37M | 508.64M | 141.16M | 339.87M | -352.38M | -83.45M | -153.75M | -446.02M | 120.92M | 51.53M | 19.91M | 7.46M | -17.40M | 6.20M | 2.90M | 1.30M |
| Net Income Ratio | 3.81% | 2.61% | 3.59% | 2.54% | 0.36% | 0.36% | 1.68% | 1.34% | 1.82% | 2.30% | 1.40% | 1.18% | 1.66% | 2.08% | 0.08% | -19.67% | -2.32% | 2.70% | 0.92% | 2.14% | -2.43% | -0.62% | -1.17% | -3.68% | 2.81% | 2.85% | 1.79% | 1.52% | -3.88% | 2.61% | 2.36% | 1.39% |
| EPS | 2.31 | 1.75 | 1.97 | 1.23 | 0.17 | 0.18 | 0.81 | 0.59 | 0.80 | 1.04 | 0.60 | 0.42 | 0.68 | 0.77 | 0.02 | -7.41 | -0.89 | 0.86 | 0.25 | 0.61 | -0.67 | -0.16 | -0.31 | -1.01 | 0.44 | 0.33 | 0.14 | 0.09 | -0.15 | 0.07 | 0.07 | 0.03 |
| EPS Diluted | 2.28 | 1.72 | 1.94 | 1.21 | 0.17 | 0.18 | 0.80 | 0.59 | 0.79 | 1.02 | 0.59 | 0.41 | 0.67 | 0.75 | 0.02 | -7.41 | -0.89 | 0.85 | 0.24 | 0.58 | -0.67 | -0.16 | -0.31 | -1.01 | 0.42 | 0.32 | 0.13 | 0.09 | -0.15 | 0.07 | 0.07 | 0.03 |
| Weighted Avg Shares Out | 435.00M | 454.00M | 476.00M | 499.00M | 508.77M | 527.00M | 529.78M | 540.50M | 557.67M | 579.98M | 610.50M | 662.87M | 716.25M | 777.32M | 811.68M | 820.96M | 720.52M | 588.59M | 573.52M | 552.92M | 525.94M | 517.20M | 489.55M | 441.99M | 356.34M | 183.73M | 146.10M | 129.11M | 117.50M | 88.57M | 41.43M | 43.33M |
| Weighted Avg Shares Out (Dil) | 441.00M | 462.00M | 483.00M | 506.00M | 512.44M | 530.00M | 536.60M | 546.22M | 564.87M | 591.56M | 623.48M | 675.03M | 727.81M | 790.19M | 821.11M | 820.96M | 720.52M | 596.85M | 600.60M | 585.50M | 525.94M | 517.20M | 489.55M | 441.99M | 383.12M | 194.11M | 152.78M | 129.11M | 117.50M | 88.57M | 41.43M | 43.33M |
FLEX's Anord Mardix Expands Ireland Facility to Meet Power Demand
Flex Ltd.'s FLEX subsidiary, Anord Mardix, has set up a second facility in Dundalk, Ireland. The new facility, named D2, is now fully operational and will act as an assembly hub for switchgear and modular power systems.
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Anord Mardix Opens Second Facility in Ireland to Meet Growing Demand for Critical Power Solutions
Fully-operational facility in Dundalk to serve as an assembly hub for switchgears and modular power systems, ensuring seamless and efficient production process for data center customers AUSTIN, Texas and DUNDALK, Ireland , Aug. 22, 2024 /PRNewswire/ -- Anord Mardix, a...
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Flex LNG - Key information relating to the cash distribution for the second quarter 2024
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the second quarter 2024.
Flex LNG - Second Quarter 2024 Presentation
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s second quarter 2024 results which will be presented in a live video webcast today at 15:00 CEST (09:00 a.m.
Flex LNG - Second Quarter 2024 Earnings Release
HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the six months ended June 30, 2024.
FLEX, Musashi Tie Up to Boost Power Supply in AI Data Centers
Flex Ltd. FLEX recently inked an agreement with Musashi Energy Solutions, a group company of Musashi Seimitsu Industry Co., Ltd., Under this agreement, Musashi will supply Flex's new series of Capacitive Energy Storage System (CESS) products featuring Musashi's Hybrid SuperCapacitors...
Source: https://incomestatements.info
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