← FLEX LTD.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 TTM
Cost of Revenue $22.3b
$23.8b +6.61%
$24.6b +3.43%
$22.7b -7.78%
$22.3b -1.47%
$24.1b +7.81%
$28.1b +16.45%
$24.4b -13.06%
$23.6b -3.32%
$25.3b +7.23%
$26.5b +4.89%
Cost of sales $22.3b
$23.8b +6.61%
$24.6b +3.43%
$22.7b -7.78%
$22.3b -1.47%
$24.1b +7.81%
$28.1b +16.45%
$24.4b -13.06%
$23.6b -3.32%
$25.3b +7.23%
$26.5b +4.89%
Gross Profit $1.5b
$1.6b +4.93%
$1.5b -4.89%
$1.3b -11.85%
$1.7b +26.09%
$1.9b +14.52%
$2.3b +17.24%
$1.9b -17.66%
$2.2b +15.76%
$2.6b +18.90%
$2.7b +6.82%
Interest Income (Expense), Net — — — — — — ($201.0m) — — — $51.0m
Research and Development Expense $65.6m $78.2m — — — — — — — — —
Selling, General and Administrative Expense $937.3m $1.0b $953.1m $834.1m $817.0m $892.0m $995.0m $922.0m $904.0m $1.1b $1.2b
Amortization of Intangible Assets $81.4m $78.6m $74.4m $64.1m $61.8m $67.9m $82.0m $70.0m $70.0m $68.0m —
Operating Lease, Expense — — — — $179.8m $180.3m $185.0m $188.0m $194.0m $213.0m —
Restructuring and impairment charges — — — — — — — $20.0m $16.0m $79.0m —
Restructuring charges $10.6m $23.8m $14.3m $26.0m $13.0m $0 $4.0m $20.0m $16.0m $59.0m —
Operating Income (Loss) $370.8m
$520.9m +40.46%
$182.1m -65.04%
$415.0m +127.86%
$795.0m +91.57%
$972.0m +22.26%
$1.2b +21.81%
$853.0m -27.96%
$1.2b +37.05%
$1.4b +17.02%
$1.5b +11.04%
Other Operating Income (Expense), Net — — — $415.0m $795.0m $972.0m $1.2b ($20.0m) $5.0m ($13.0m) —
Interest Expense $108.0m $123.1m — $7.2m — $166.0m $230.0m $207.0m $218.0m $215.0m $224.0m
Interest Expense, Debt — — $145.7m $146.0m $150.0m $153.0m $187.0m $161.0m $185.0m $197.0m $224.0m
Interest income $12.1m $18.8m $19.5m $19.4m $14.0m $14.0m $30.0m $56.0m $61.0m $51.0m $51.0m
Investment Income, Interest $12.1m $18.8m $19.5m $19.4m $14.0m $14.0m $30.0m $56.0m $61.0m $51.0m —
Foreign Currency Transaction Gain (Loss), before Tax — — — — $21.0m $32.0m $7.0m ($24.0m) ($10.0m) ($17.0m) —
Gain (Loss) on Investments — — — — $83.5m $61.0m — — — — —
Income (Loss) from Equity Method Investments — — — — $83.0m $61.0m ($4.0m) $8.0m ($3.0m) ($31.0m) —
Interest and Other Income — — — — — — — $56.0m $61.0m $51.0m —
Other Expenses — — $46.3m $42.8m $11.0m $5.0m $39.0m $46.0m $33.0m $18.0m —
Other Nonoperating Income (Expense) ($99.5m) ($122.8m) ($110.4m) ($91.5m) $67.0m $225.0m ($5.0m) ($44.0m) $14.0m ($30.0m) —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $435.7m $323.5m ($10.5m) ($2.9m) $242.0m $352.0m $99.0m ($165.0m) $94.0m ($459.0m) $1.3b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $370.8m $520.9m $182.1m $158.5m $714.0m $1.0b $974.0m $666.0m $1.0b $1.1b $1.3b
Current Income Tax Expense (Benefit) $72.8m $53.8m $101.4m $64.3m $106.0m $149.0m $142.0m $164.0m $130.0m $225.0m $301.0m
Income Tax Expense (Benefit) $51.3m $92.4m $88.7m $70.9m $101.0m $105.0m ($59.0m) ($206.0m) $185.0m $263.0m $301.0m
Net income from continuing operations — — — — — $872.0m $683.0m $872.0m $838.0m $880.0m —
Net income from discontinued operations, net of tax — — — — — $68.0m $350.0m $373.0m $0 $0 —
Net Income (Loss) Attributable to Parent $319.6m
$428.5m +34.10%
$93.4m -78.20%
$87.6m -6.23%
$613.0m +599.94%
$936.0m +52.69%
$793.0m -15.28%
$1.0b +26.86%
$838.0m -16.70%
$880.0m +5.01%
$973.0m +10.57%
Net Income (Loss) Attributable to Noncontrolling Interest $0 $0 $0 $0 $0 $4.0m $240.0m $239.0m $0 $0 $973.0m
Basic earnings per share from continuing operations (in dollars per share) — — — — — $1.04 $0.85 $2.00 $2.14 $2.37 $2.64
Basic earnings per share from discontinued operations (in dollars per share) — — — — — $0.08 $0.14 $0.31 $0.00 $0.00 $2.64
Diluted earnings per share from continuing operations (in dollars per share) — — — — — $1.03 $0.84 $1.98 $2.11 $2.33 $2.59
Diluted earnings per share from discontinued operations (in dollars per share) — — — — — $0.07 $0.14 $0.30 $0.00 $0.00 $2.59
Earnings Per Share, Basic $0.44 $0.61 $0.14 $0.13 $0.93 $1.48 $1.32 $2.31 $2.14 $2.37 $2.64
Earnings Per Share, Diluted $0.44 $0.60 $0.14 $0.13 $0.91 $1.46 $1.30 $2.28 $2.11 $2.33 $2.59
Income (Loss) from Continuing Operations, Per Basic Share — — — — — $2 $2 $2 $2 $2 —
Income (Loss) from Continuing Operations, Per Diluted Share $1 $1 $0 $0 $1 $2 $2 $2 $2 $2 —
Basic (in shares) $540.5m $529.8m $526.5m $508.8m $499.0m $476.0m $454.0m $435.0m $391.0m $371.0m $366.4m
Diluted (in shares) $546.2m $536.6m $530.1m $512.4m $506.0m $483.0m $462.0m $441.0m $398.0m $378.0m $376.2m
Weighted Average Number of Shares Outstanding, Basic 717.2m 703.0m 698.7m 675.1m 662.2m 631.7m 602.5m 435.0m 391.0m 371.0m 366.4m
Weighted Average Number of Shares Outstanding, Diluted 724.8m 712.1m 703.4m 680.0m 671.5m 640.9m 613.1m 441.0m 398.0m 378.0m 376.2m
Additional Financial Items
Equity in earnings (losses) of unconsolidated affiliates — — — — $83.0m $61.0m ($4.0m) $8.0m ($3.0m) ($31.0m) —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $4.0m $240.0m $239.0m $0 $0 —
Intangible amortization $81.4m $78.6m $74.4m $64.1m $61.8m $67.9m $82.0m $70.0m $70.0m $68.0m —
Other charges (income), net $99.5m $122.8m $110.4m $91.5m ($67.0m) ($225.0m) $5.0m $44.0m ($14.0m) $30.0m —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — $0 $0 $4.0m $240.0m $872.0m $838.0m $880.0m —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — $68.0m $350.0m $134.0m $0 $0 —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $68.0m $350.0m $373.0m $0 $0 —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.