Flex Ltd. (FLEX)

Flex Ltd. Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	2,601	2,474	3,164	2,964	2,637	1,923
Cash & Short-Term Investments	2,601	2,474	3,164	2,964	2,637	1,923
Cash Growth	-10.31%	-21.81%	6.75%	12.40%	37.13%	13.34%
Receivables	4,097	3,282	3,723	3,890	4,241	2,718
Inventory	5,466	6,205	7,388	6,580	3,895	3,785
Other Current Assets	1,187	1,031	1,758	903	590	660
Total Current Assets	13,351	12,992	16,033	14,337	11,363	9,086
Property, Plant & Equipment	2,835	2,870	2,947	2,762	2,739	2,821
Long-Term Investments	-	123	115	131	102.8	128.1
Goodwill	1,146	1,135	1,139	1,342	1,090	1,065
Other Intangible Assets	223	245	315	411	213	262
Long-Term Deferred Tax Assets	657	644	164	177	165	163
Other Long-Term Assets	374	248	694	165	163.2	164.9
Total Assets	18,586	18,257	21,407	19,325	15,836	13,690
Accounts Payable	5,144	4,468	5,724	6,254	5,247	5,108
Accrued Expenses	473	488	506	470	473	364
Current Portion of Long-Term Debt	531	-	150	949	268	149
Current Portion of Leases	-	137	124	132	127.6	114.1
Current Unearned Revenue	2,134	449	607	616	376.5	361.5
Other Current Liabilities	1,024	2,997	3,756	2,290	1,342	1,114
Total Current Liabilities	9,306	8,539	10,867	10,711	7,834	7,211
Long-Term Debt	3,178	3,261	3,544	3,248	3,515	2,689
Long-Term Leases	476	490	504	551	562	529
Long-Term Deferred Tax Liabilities	-	178	71	86	-	-
Other Long-Term Liabilities	623	464	715	522	489	430
Total Liabilities	13,583	12,932	15,701	15,118	12,400	10,859
Common Stock	4,377	5,074	6,493	6,052	6,232	6,336
Retained Earnings	799	446	-560	-1,353	-2,289	-2,902
Treasury Stock	-	-	-388	-388	-388	-388
Comprehensive Income & Other	-173	-195	-194	-182	-119	-215
Total Common Equity	5,003	5,325	5,351	4,129	3,436	2,831
Minority Interest	-	-	355	78	-	-
Shareholders' Equity	5,003	5,325	5,706	4,207	3,436	2,831
Total Liabilities & Equity	18,586	18,257	21,407	19,325	15,836	13,690
Total Debt	4,185	3,888	4,322	4,880	4,473	3,481
Net Cash (Debt)	-1,584	-1,414	-1,158	-1,916	-1,836	-1,558
Net Cash Per Share	-3.79	-3.21	-2.51	-3.97	-3.63	-3.04
Filing Date Shares Outstanding	387.78	401.64	444.49	457.64	490.74	497.61
Total Common Shares Outstanding	389.78	408.1	450.12	460.56	492.57	497.43
Working Capital	4,045	4,453	5,166	3,626	3,529	1,875
Book Value Per Share	12.84	13.05	11.89	8.97	6.98	5.69
Tangible Book Value	3,634	3,945	3,897	2,376	2,133	1,504
Tangible Book Value Per Share	9.32	9.67	8.66	5.16	4.33	3.02
Land	-	123	124	113	113	112
Buildings	-	1,212	1,162	1,123	1,103	1,086
Machinery	-	4,509	4,271	4,043	3,872	3,757
Construction In Progress	-	214	399	261	255	271
Leasehold Improvements	-	651	586	564	500	510

Source: S&P Capital IQ. Standard template. Financial Sources.