Flex Ltd. (FLEX) quarterly balance sheet — complete assets, liabilities & equity history
Flex Ltd. (FLEX) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Total Current Assets | 18.24B | 16.33B | 15.15B | 13.84B | 13.47B | 12.84B | 12.76B | 13.35B | 12.55B | 12.99B | 14.88B | 15.46B | 15.54B | 16.03B | 15.82B | 15.63B | 15.15B | 14.34B | 13.21B | 12.18B |
| Cash & Short-Term Investments | 2.84B | 2.39B | 3.06B | 2.25B | 2.24B | 2.29B | 2.31B | 2.6B | 2.24B | 2.47B | 2.76B | 2.9B | 2.66B | 3.16B | 2.56B | 2.45B | 2.65B | 2.96B | 2.57B | 2.46B |
| Cash Only | 2.84B | 2.39B | 3.06B | 2.25B | 2.24B | 2.29B | 2.31B | 2.6B | 2.24B | 2.47B | 2.76B | 2.9B | 2.66B | 3.16B | 2.56B | 2.45B | 2.65B | 2.96B | 2.57B | 2.46B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.04B | 5.74B | 4.72B | 4.68B | 4.67B | 4.29B | 4.01B | 4.1B | 3.41B | 3.28B | 4.21B | 4.38B | 4.35B | 3.72B | 4.45B | 4.49B | 4.29B | 3.89B | 3.88B | 3.9B |
| Days Sales Outstanding | 59.14 | 62.95 | 63.89 | 62.53 | 59.97 | 58.39 | 58.77 | 52.18 | 47.16 | 75.66 | 62.19 | 57.29 | 53.31 | 49.21 | 53.02 | 51.44 | 51.23 | 51.06 | 53.48 | 57.69 |
| Inventory | 6.45B | 5.84B | 5.55B | 5.27B | 5.21B | 5.07B | 5.27B | 5.47B | 5.84B | 6.21B | 6.82B | 7.17B | 7.53B | 7.39B | 7.84B | 7.73B | 7.24B | 6.58B | 5.96B | 5.17B |
| Days Inventory Outstanding | 74.5 | 75.99 | 81.49 | 77.02 | 75.34 | 79.75 | 85.54 | 85.53 | 91.73 | 130.66 | 108.57 | 104.22 | 105.76 | 99 | 99.81 | 94.93 | 93.34 | 88.89 | 82.61 | 75.88 |
| Other Current Assets | 3.91B | 2.36B | 1.83B | 1.65B | 1.34B | 1.19B | 1.16B | 1.19B | 1.06B | 1.03B | 1.09B | 1.02B | 1B | 1.76B | 963M | 964M | 965M | 903M | 798M | 660M |
| Total Non-Current Assets | 6.96B | 5.73B | 5.67B | 5.7B | 5.67B | 5.54B | 5.52B | 5.24B | 5.19B | 5.26B | 5.49B | 5.5B | 5.4B | 5.37B | 5.07B | 4.99B | 4.91B | 4.99B | 4.96B | 4.53B |
| Property, Plant & Equipment | 3.45B | 3.16B | 3.06B | 3.06B | 3.02B | 2.89B | 2.82B | 2.83B | 2.8B | 2.87B | 2.94B | 2.94B | 2.99B | 2.95B | 2.88B | 2.8B | 2.75B | 2.76B | 2.73B | 2.71B |
| Fixed Asset Turnover | 2.40x | 2.40x | 2.31x | 2.24x | 2.23x | 2.24x | 2.32x | 2.32x | 2.23x | 1.55x | 2.19x | 2.34x | 2.32x | 2.56x | 2.73x | 2.80x | 2.67x | 2.49x | 2.43x | 2.29x |
| Goodwill | 1.83B | 1.37B | 1.38B | 1.38B | 1.37B | 1.34B | 1.33B | 1.15B | 1.14B | 1.14B | 1.35B | 1.34B | 1.34B | 1.14B | 1.34B | 1.32B | 1.34B | 1.34B | 1.35B | 1.08B |
| Intangible Assets | 736M | 283M | 300M | 314M | 330M | 343M | 343M | 223M | 230M | 245M | 266M | 275M | 299M | 315M | 332M | 328M | 372M | 411M | 428M | 182M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 119M | 0 | 0 | 0 | 123M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 945M | 912M | 933M | 960M | 375M | 845M | 360M | 374M | 1.02B | 892M | 935M | 956M | 766M | 973M | 516M | 543M | 453M | 473M | 454M | 549M |
| Total Assets | 25.2B | 22.06B | 20.82B | 19.55B | 19.13B | 18.38B | 18.27B | 18.59B | 17.74B | 18.26B | 20.37B | 20.97B | 20.94B | 21.41B | 20.89B | 20.62B | 20.05B | 19.32B | 18.18B | 16.71B |
| Asset Turnover | 0.34x | 0.35x | 0.35x | 0.35x | 0.35x | 0.35x | 0.36x | 0.36x | 0.35x | 0.23x | 0.31x | 0.33x | 0.33x | 0.35x | 0.37x | 0.38x | 0.37x | 0.37x | 0.38x | 0.38x |
| Asset Growth % | 31.71% | 20.02% | 13.94% | 5.17% | 7.86% | 0.68% | -10.28% | -11.36% | -15.28% | -14.71% | -2.52% | 1.67% | 4.4% | 10.77% | 14.95% | 23.41% | 23.85% | 22.03% | 16% | 11.4% |
| Total Current Liabilities | 13.22B | 12.02B | 10.86B | 10.37B | 9.92B | 9.85B | 9.04B | 9.31B | 8.97B | 8.54B | 9.39B | 10.11B | 10.64B | 10.87B | 11.67B | 12.15B | 11.59B | 10.71B | 9.64B | 8.69B |
| Accounts Payable | 9.2B | 8.05B | 6.48B | 6.13B | 5.8B | 5.15B | 5.03B | 5.14B | 4.73B | 4.47B | 5.29B | 5.73B | 5.89B | 5.72B | 6.63B | 6.82B | 6.69B | 6.25B | 5.99B | 5.85B |
| Days Payables Outstanding | 104.49 | 96.96 | 94.95 | 87.65 | 80.23 | 78.51 | 81.08 | 74.67 | 70.02 | 97.94 | 85.58 | 82.42 | 82.36 | 80.33 | 86.24 | 85.69 | 87.44 | 86.82 | 87.91 | 89.17 |
| Short-Term Debt | 0 | 0 | 675M | 676M | 677M | 1.21B | 532M | 531M | 543M | 136M | 3M | 0 | 151M | 150M | 494M | 916M | 946M | 949M | 648M | 284M |
| Deferred Revenue (Current) | 2.05B | 2.16B | 1.96B | 1.91B | 1.88B | 1.96B | 1.94B | 2.13B | 2.27B | 2.62B | 2.57B | 2.79B | 3.04B | 2.96B | 2.98B | 2.7B | 2.4B | 2B | 1.55B | 1.15B |
| Other Current Liabilities | 1.97B | 779M | 1.74B | 787M | 794M | 977M | 793M | 779M | 1.01B | 832M | 1.01B | 1.08B | 1.08B | 1.53B | 1.06B | 1.23B | 1.13B | 1.04B | 988M | 960M |
| Current Ratio | 1.38x | 1.36x | 1.40x | 1.33x | 1.36x | 1.30x | 1.41x | 1.43x | 1.40x | 1.52x | 1.59x | 1.53x | 1.46x | 1.48x | 1.36x | 1.29x | 1.31x | 1.34x | 1.37x | 1.40x |
| Quick Ratio | 0.89x | 0.87x | 0.88x | 0.83x | 0.83x | 0.79x | 0.83x | 0.85x | 0.75x | 0.79x | 0.86x | 0.82x | 0.75x | 0.80x | 0.68x | 0.65x | 0.68x | 0.72x | 0.75x | 0.81x |
| Cash Conversion Cycle | 29.14 | 41.99 | 50.42 | 51.9 | 55.09 | 59.63 | 63.23 | 63.04 | 68.86 | 108.37 | 85.18 | 79.1 | 76.71 | 67.88 | 66.59 | 60.67 | 57.14 | 53.13 | 48.18 | 44.4 |
| Total Non-Current Liabilities | 6.48B | 4.9B | 4.84B | 4.14B | 4.12B | 3.53B | 4.24B | 4.28B | 3.77B | 4.39B | 4.54B | 4.51B | 4.51B | 4.83B | 4.62B | 4.21B | 4.29B | 4.41B | 4.88B | 4.51B |
| Long-Term Debt | 5.22B | 3.75B | 4.34B | 3.01B | 3B | 2.48B | 3.15B | 3.18B | 2.67B | 3.26B | 3.43B | 3.41B | 3.44B | 3.54B | 3.52B | 3.08B | 3.13B | 3.25B | 3.8B | 3.5B |
| Capital Lease Obligations | 711M | 565M | 583M | 604M | 583M | 456M | 475M | 476M | 463M | 490M | 502M | 497M | 514M | 504M | 499M | 495M | 520M | 551M | 545M | 534M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 548M | 584M | -83M | 520M | 535M | 590M | 621M | 623M | 637M | 642M | 602M | 597M | 554M | 786M | 601M | 631M | 640M | 608M | 535M | 474M |
| Total Liabilities | 19.7B | 16.92B | 15.7B | 14.51B | 14.04B | 13.38B | 13.28B | 13.58B | 12.74B | 12.93B | 13.92B | 14.61B | 15.15B | 15.7B | 16.29B | 16.35B | 15.88B | 15.12B | 14.52B | 13.2B |
| Total Debt | 5.93B | 4.32B | 5.6B | 4.29B | 4.26B | 4.15B | 4.15B | 4.18B | 3.68B | 3.89B | 3.94B | 3.91B | 4.11B | 4.2B | 4.51B | 4.49B | 4.59B | 4.75B | 4.99B | 4.32B |
| Net Debt | 3.09B | 1.93B | 2.54B | 2.04B | 2.02B | 1.86B | 1.84B | 1.58B | 1.44B | 1.41B | 1.17B | 1.01B | 1.45B | 1.03B | 1.95B | 2.04B | 1.95B | 1.78B | 2.42B | 1.86B |
| Debt / Equity | 1.08x | 0.84x | 1.09x | 0.85x | 0.84x | 0.83x | 0.83x | 0.84x | 0.74x | 0.73x | 0.61x | 0.62x | 0.71x | 0.74x | 0.98x | 1.05x | 1.10x | 1.13x | 1.37x | 1.23x |
| Debt / EBITDA | 14.29x | 7.78x | 10.47x | 9.50x | 9.41x | 9.36x | 8.69x | 9.78x | 10.25x | - | 12.00x | 9.58x | 11.81x | 10.60x | 10.15x | 10.03x | 11.60x | 13.41x | 13.42x | 12.17x |
| Net Debt / EBITDA | 7.45x | 3.47x | 4.76x | 4.52x | 4.47x | 4.20x | 3.85x | 3.70x | 4.00x | - | 3.57x | 2.47x | 4.16x | 2.61x | 4.38x | 4.55x | 4.92x | 5.04x | 6.50x | 5.24x |
| Interest Coverage | 6.53x | 6.25x | 6.52x | 6.04x | 6.60x | 6.37x | 6.90x | 6.89x | 5.77x | -3.13x | 5.18x | 7.42x | 5.00x | 4.48x | 5.23x | 6.23x | 6.40x | 5.93x | 7.39x | 11.03x |
| Total Equity | 5.5B | 5.14B | 5.12B | 5.04B | 5.09B | 5B | 4.99B | 5B | 5B | 5.33B | 6.45B | 6.36B | 5.79B | 5.71B | 4.6B | 4.27B | 4.17B | 4.21B | 3.65B | 3.51B |
| Equity Growth % | 8.08% | 2.84% | 2.58% | 0.64% | 1.86% | -6.07% | -22.54% | -21.29% | -13.65% | -6.68% | 40.05% | 48.85% | 38.59% | 35.63% | 25.91% | 21.51% | 19.01% | 22.44% | 8.1% | 12.81% |
| Book Value per Share | 14.71 | 13.75 | 13.62 | 13.25 | 13.36 | 12.86 | 12.67 | 12.51 | 12.16 | 12.53 | 14.78 | 14.19 | 12.72 | 12.43 | 10.03 | 9.28 | 8.92 | 8.93 | 7.71 | 7.22 |
| Total Shareholders' Equity | 5.5B | 5.14B | 5.12B | 5.04B | 5.09B | 5B | 4.99B | 5B | 5B | 5.33B | 5.96B | 5.91B | 5.41B | 5.35B | 4.5B | 4.18B | 4.09B | 4.13B | 3.65B | 3.51B |
| Common Stock | 3.4B | 3.35B | 3.51B | 3.67B | 3.93B | 4.14B | 4.21B | 4.38B | 4.65B | 5.07B | 6.06B | 6.29B | 6.34B | 6.49B | 5.84B | 5.85B | 5.9B | 6.05B | 5.72B | 5.79B |
| Retained Earnings | 2.45B | 2.16B | 1.91B | 1.68B | 1.48B | 1.28B | 1.06B | 799M | 585M | 446M | 51M | -146M | -374M | -560M | -702M | -932M | -1.16B | -1.35B | -1.52B | -1.75B |
| Treasury Stock | -200M | -200M | -200M | -200M | -200M | -200M | 0 | 0 | 0 | 0 | 0 | 0 | -388M | -388M | -388M | -388M | -388M | -388M | -388M | -388M |
| Accumulated OCI | -150M | -167M | -104M | -111M | -116M | -224M | -279M | -173M | -238M | -195M | -142M | -240M | -169M | -194M | -244M | -352M | -254M | -182M | -158M | -137M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 480M | 450M | 380M | 355M | 97M | 90M | 84M | 78M | 0 | 0 |