Flex Ltd. (FLEX)

Flex Ltd. Income Statement

Financials in millions USD. Fiscal year is April - March.

Year	2023	2022	2021	2020	2019
Revenue	26,415	28,502	24,633	24,124	24,210
Revenue Growth (YoY)	-7.32%	15.71%	2.11%	-0.36%	-7.63%
Cost of Revenue	24,550	26,526	22,853	22,437	22,871
Gross Profit	1,865	1,976	1,780	1,687	1,339
Selling, General & Admin	922	874	830	817	834
Other Operating Expenses	90	85	60	75	90
Operating Expenses	1,012	959	890	892	924
Operating Income	853	1,017	890	795	415
Interest Expense / Income	207	230	166	148	174
Other Expense / Income	-154	-130	-304	-67	82
Pretax Income	800	917	1,028	714	159
Income Tax	-206	124	92	101	71
Net Income	1,006	793	936	613	88
Net Income Growth	26.86%	-15.28%	52.69%	596.59%	-5.38%
Shares Outstanding (Basic)	435	454	476	499	509
Shares Outstanding (Diluted)	441	462	483	506	512
Shares Change	-4.55%	-4.35%	-4.55%	-1.17%	-3.40%
EPS (Basic)	2.31	1.75	1.97	1.23	0.17
EPS (Diluted)	2.28	1.72	1.94	1.21	0.17
EPS Growth	32.56%	-11.34%	60.33%	611.76%	-5.56%
Free Cash Flow	821	335	592	-122	-1,889
Free Cash Flow Per Share	1.89	0.74	1.24	-0.24	-3.71
Gross Margin	7.06%	6.93%	7.23%	6.99%	5.53%
Operating Margin	3.23%	3.57%	3.61%	3.30%	1.71%
Profit Margin	3.81%	2.78%	3.80%	2.54%	0.36%
Free Cash Flow Margin	3.11%	1.18%	2.40%	-0.51%	-7.80%
Effective Tax Rate	-25.75%	13.52%	8.95%	14.15%	44.65%
EBITDA	1,683	1,779	1,808	1,555	1,081
EBITDA Margin	6.37%	6.24%	7.34%	6.45%	4.47%
Depreciation & Amortization	676	632	614	693	748
EBIT	1,007	1,147	1,194	862	333
EBIT Margin	3.81%	4.02%	4.85%	3.57%	1.38%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).