← FLEX LTD.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Total Revenue $23.9b $25.4b $26.2b $24.2b $24.1b $26.0b $30.3b $26.4b $25.8b $27.9b
Cost of Revenue $22.3b $23.8b $24.6b $22.7b $22.3b $24.1b $28.1b $24.4b $23.6b $25.3b
Cost of sales $22.3b $23.8b $24.6b $22.7b $22.3b $24.1b $28.1b $24.4b $23.6b $25.3b
Gross Profit $1.5b $1.6b $1.5b $1.3b $1.7b $1.9b $2.3b $1.9b $2.2b $2.6b
Operating Income (Loss) — — — $415.0m $795.0m $972.0m $1.2b $853.0m $1.2b $1.4b
Additional Financial Items
Amortization of Intangible Assets $81.4m $78.6m $74.4m $64.1m $61.8m $67.9m $82.0m $70.0m $70.0m $68.0m
Basic (in shares) $540.5m $529.8m $526.5m $508.8m $499.0m $476.0m $454.0m $435.0m $391.0m $371.0m
Diluted (in shares) $546.2m $536.6m $530.1m $512.4m $506.0m $483.0m $462.0m $441.0m $398.0m $378.0m
Equity in earnings (losses) of unconsolidated affiliates — — — — $83.0m $61.0m ($4.0m) $8.0m ($3.0m) ($31.0m)
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 — — — —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $4.0m $240.0m $872.0m $838.0m $880.0m
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)
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
Income (Loss) from Equity Method Investments — — — — $83.0m $61.0m ($4.0m) $8.0m ($3.0m) ($31.0m)
Income from continuing operations before income taxes $370.8m $520.9m $182.1m $158.5m $714.0m $1.0b $974.0m $666.0m $1.0b $1.1b
Intangible amortization $81.4m $78.6m $74.4m $64.1m $61.8m $67.9m $82.0m $70.0m $70.0m $68.0m
Interest and Other Income — — — — — — — $56.0m $61.0m $51.0m
Interest income $12.1m $18.8m $19.5m $19.4m $14.0m $14.0m $30.0m $56.0m $61.0m $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
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
Other charges (income), net $99.5m $122.8m $110.4m $91.5m ($67.0m) ($225.0m) $5.0m $44.0m ($14.0m) $30.0m
Provision for (benefit from) income taxes $51.3m $92.4m $88.7m $70.9m $101.0m $105.0m ($59.0m) ($206.0m) $185.0m $263.0m
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
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
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0 $0 $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
Net Income (Loss) Attributable to Parent $319.6m $428.5m $93.4m $87.6m $613.0m $936.0m $793.0m $1.0b $838.0m $880.0m
Net Income (Loss) Attributable to Noncontrolling Interest — — — $0 $0 $4.0m $240.0m $239.0m $0 $0
Net income attributable to noncontrolling interest — — — $0 $0 $4.0m $240.0m $239.0m $0 $0
Basic earnings per share from continuing operations (in dollars per share) — — — — — $1.04 $0.85 $2.00 $2.14 $2.37
Basic earnings per share from discontinued operations (in dollars per share) — — — — — $0.08 $0.14 $0.31 $0.00 $0.00
Diluted earnings per share from continuing operations (in dollars per share) — — — — — $1.03 $0.84 $1.98 $2.11 $2.33
Diluted earnings per share from discontinued operations (in dollars per share) — — — — — $0.07 $0.14 $0.30 $0.00 $0.00
Earnings Per Share, Basic $0.44 $0.61 $0.14 $0.13 $0.93 $1.48 $1.32 $2.31 $2.14 $2.37
Earnings Per Share, Diluted $0.44 $0.60 $0.14 $0.13 $0.91 $1.46 $1.30 $2.28 $2.11 $2.33
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
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
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
Interest Expense $108.0m $123.1m — $7.2m — $166.0m $230.0m $207.0m $218.0m $215.0m
Interest Expense (non-operating) — — — — — — — — $218.0m $215.0m
Interest Expense, Debt — — $145.7m $146.0m $150.0m $153.0m $187.0m $161.0m $185.0m $197.0m
Operating Lease, Expense — — — — $179.8m $180.3m $185.0m $188.0m $194.0m $213.0m
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)
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
Selling, general and administrative expenses $937.3m $1.0b $953.1m $834.1m $817.0m $892.0m $995.0m $922.0m $904.0m $1.1b
Income Tax Expense (Benefit) $51.3m $92.4m $88.7m $70.9m $101.0m $105.0m ($59.0m) ($206.0m) $185.0m $263.0m
Interest Income (Expense), Net — — — — — — ($201.0m) — — —
Other Operating Income (Expense), Net — — — $415.0m $795.0m $972.0m $1.2b ($20.0m) $5.0m ($13.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.