Fiscal year is Apr - Mar.

2013 2014 2015 2016 2017

Cash 1.83B 1.61B 1.63B 1.59B 1.59B

Marketable Securities - - - - -
Receivables 2.19B 2.04B 2.34B 2.7B 2.11B

Inventory 3.4B 3.49B 3.49B 3.6B 2.72B

Raw Materials 2.54B 2.23B 2.33B 2.35B 1.68B

Work In Progress 279.49M 561.28M 557.78M 608.28M 421.7M

Finished Goods 579.34M 695.86M 600.53M 641.44M 617.69M

Notes Receivable - - - - -
Other Current Assets 967.93M 1.17B 1.29B 1.51B 1.35B

Flextronics International Total Current Assets 7.77B

8.39B 8.32B 8.74B 9.4B
Property Plant & Equipment 5.73B 5.51B 5.16B 5.11B 4.75B

Accumulated Depreciation 3.41B 3.26B 3.07B 2.82B 2.58B

Flextronics International Net Property Plant & 2.32B 2.26B 2.09B 2.29B 2.17B
Equipment
Investment & Advances - - - - -
Other Non-Current Assets - - - - -

Deferred Charges - - - - -
Intangibles 1.35B 1.35B 415.17M 377.21M 343.55M

Deposits & Other Assets 541.51M 466.4M 417.38M 433.95M 302.01M

Flextronics International Total Assets 12.59B 12.38B 11.67B 12.5B 10.59B

Notes Payable - - - - -
Accounts Payable 4.48B 4.25B 4.56B 4.75B 3.71B

Current Portion Long-Term Debt 61.53M 65.16M 46.16M 32.57M 416.65M

Current Portion Capital Leases - - - - -

Accrued Expenses 344.24M 353.54M 339.73M 354.88M 351.68M

Income Taxes Payable - - - - -

Other Current Liabilities 1.61B 1.91B 1.81B 2.52B 1.7B

Flextronics International Total Current Liabilities 6.5B 6.57B 6.76B 7.66B 6.17B

Mortgages - - - - -
Deferred Taxes/Income - - - - -

Convertible Debt - - - - -
Long-Term Debt 2.89B 2.71B 2.04B 2.07B 1.65B

Non-Current Capital Leases - - - - -

Other Long-Term Liabilities 519.85M 497.85M 475.58M 571.76M 521.03M

Flextronics International Total Liabilities 9.92B 9.78B 9.27B 10.3B 8.34B

Minority Interest - - - - -

Preferred Stock - - - - -
Common Stock Net 6.73B 6.99B 7.27B 7.61B 8.02B

Capital Surplus - - - - -
Retained Earnings -3.57B -3.89B -4.34B -4.94B -5.3B

Treasury Stock 388.21M 388.21M 388.21M 388.21M 388.21M

Other Liabilities -94.4M -101.25M -145.06M -87.52M -77.48M
Flextronics International Shareholders Equity 2.68B 2.61B 2.4B 2.2B 2.25B
Flextronics International Total Liabilities &
12.59B 12.38B 11.67B 12.5B 10.59B
Shareholders Equity
Financial Health Current Ratio

YEAR 2014 2015 2016 2017

1.23 1.29 1.27 1.29

Quick Ratio
YEAR 2014 2015 2016 2017
0.56 0.58 0.56 0.62

Financial Leverage

YEAR 2014 2015 2016 2017

5.78 4.94 4.82 4.76

Debt/Equity
YEAR 2014 2015 2016 2017
0.95 0.86 1.05 1.09

Receivables Turnover

Efficiency ratios YEAR 2014 2015 2016 2017

10.85 10.39 11.14 11.26

Inventory Turnover
YEAR 2014 2015 2016 2017
7.8 6.94 6.54 6.49

Fixed Assets Turnover

YEAR 2014 2015 2016 2017
11.7 11.94 11.23 10.43

Assets Turnover
 YEAR 2014 2015 2016 2017
2.26 2.16 2.03 1.91

Free Cash Flow/Net Income

YEAR 2014 2015 2016 2017

1.66 0.74 1.41 1.96

Free Cash Flow/Sales %

YEAR 2014 2015 2016 2017

2.32 1.71 2.56 2.62

Cash Flow Cap Ex as a % of Sales

YEAR 2014 2015 2016 2017

2.34 1.33 2.09 2.2

Operating Cash Flow Growth % YOY

2014 2015 2016 2017

YEAR 9.06 -34.73 43.12 1.18

EPS %
YEAR 2014 2015 2016 2017
43.9 72.88 -22.55 -25.32

Growth Net Income %

YEAR 2014 2015 2016 2017

31.96 64.34 -26.09 -28.04

Operating Income %

2014 2015 2016 2017

 YEAR 62.52 28.65 -12.2 -14.47

Revenue %

2014 2015 2016 2017

YEAR
10.77 0.15 -6.61 -2.28

Gross Margin

YEAR 2014 2015 2016 2017

5.52 5.91 6.59 6.37

Operating Margin

2014 2015 2016 2017

YEAR
2.06 2.56 2.4 2.1

EBT Margin

2014 2015 2016 2017

YEAR
1.53 2.56 1.86 1.55

Net Margin %

2014 2015 2016 2017

Profitability YEAR
1.4 2.3 1.82 1.34

Return on Assets %

2014 2015 2016 2017

YEAR 3.17 4.97 3.69 2.56
 Return on Equity %
YEAR 2014 2015 2016 2017
16.58 26.56 18.01 12.25

Return on Invested Capital %

2014 2015 2016 2017
YEAR 8.52 13.8 9.07 5.84
Balance Sheet
2014-03 2015-03 2016-03 2017-03
Items (in %)

12.75 13.96 12.98 14.54

Cash & Short-
Term Investments

Accounts 21.58 20.04 16.51 17.41

Receivable

Inventory 28.79 29.91 28.19 26.97

Other Current 12.08 11.03 9.46 7.69

Assets

Total Current
Assets 75.2 74.93 67.14 66.6

Net PP&E 18.31 17.93 18.23 18.4

Intangibles 3.02 3.56 10.87 10.7

Other Long-Term 3.47 3.58 3.77 4.3

Assets

Total Assets 100 100 100 100

37.98 39.1 34.3 35.61

Accounts Payable

0.26 0.4 0.53 0.49

Short-Term Debt

Taxes Payable

2.84 2.91 2.85 2.73

Accrued Liabilities

Other Short-Term 20.17 15.51 15.38 12.82

Liabilities

Total Current
Liabilities 61.25 57.92 53.07 51.65

16.56 17.47 21.88 22.95

Long-Term Debt

Other Long-Term 4.88 4.38 4.3 4.4

Liabilities
Total Liabilities
82.7 79.76 79.24 79

Total
Stockholders'
Equity 17.3 20.24 20.76 21

Total Liabilities
& Equity
100 100 100 100

Efficiency 2014-03 2015-03 2016-03 2017-03

Days Sales 33.62 35.15 32.75 32.41

Outstanding

Days Inventory 46.77 52.58 55.85 56.27

Payables Period 62.53 69.05 70.48 71.34

USD in Million except per share
2013-03 2014-03 2015-03 2016-03 2017-03
data
Revenue 23569 26109 26148 24419 23863

Cost of revenue 22403 24668 24603 22811 22342

Gross profit 1166 1440 1545 1608 1521

Operating expenses
Sales, General and adm... 805 875 844 955 937

Restructuring, merger ... 12 17

Other operating expens... 30 29 32 66 81

Total operating expens... 846 920 877 1021 1019

Operating income 320 520 669 587 502

Other income (expense) 9 -119 2 -133 -131

Income before taxes 329 400 671 455 371

Provision for income t... 26 35 70 11 51

Net income from contin... 303 366 601 444 320

Net income from discon... -25

Net income 277 366 601 444 320

Net income available t... 277 366 601 444 320

Earnings per share

Basic 0.42 0.6 1.04 0.8 0.59

Diluted 0.41 0.59 1.02 0.79 0.59

Weighted average share

Basic 663 610 580 558 541

Diluted 675 623 592 565 546

EBITDA 886 984 1209 1103 1112

 FLEX LTD (FLEX) Statement of CASH FLOW

Fiscal year ends in

March. USD in millions
except per share data.

2013-03 2014-03 2015-03 2016-03 2017-03

Cash Flows From

Operating Activities

Net income 277 366 601 444 320

Depreciation &
amortization 566 465 540 515 610
Deferred income taxes
-33 -36
Stock based
compensation 35 40 50 78 77
Accounts receivable
519 -592 317 318 -164
Inventory 596 -759 73 85 85
Accounts payable -671 1117 -177 -365 269
Other working
capital -128 635 -530 29 -33
Other non-cash
items -46 -19 -80 32 -13
Net cash provided by
operating activities
1115 1216 794 1136 1150

Cash Flows From

Investing Activities

Investments in
property, plant, and
equipment -489 -610 -347 -511 -525

Property, plant, and

equipment reductions
54 95 108 14 36
Acquisitions, net -162 -233 -67 -911 -152
Other investing
activities -100 -35 64 11 -60
Net cash used for
investing activities
-697 -784 -242 -1396 -702

Cash Flows From

Financing Activities

Debt issued 1250 1067 320 885 313

Debt repayment -1392 -1082 -344 -190 -142
Common stock
repurchased -322 -475 -416 -420 -350
Other financing
activities 124 80 -75 -25 -64

Net cash provided

by (used for)
financing activities
-340 -411 -516 250 -242
Effect of exchange
rate changes
-10 -15 -1 -11
Net change in cash
69 7 35 -21 206
Cash at beginning of
period 1518 1587 1594 1628 1608

Cash at end of period

1587 1594 1628 1608 1813
Free Cash Flow

Operating cash flow

1115 1216 794 1136 1150
Capital expenditure
-489 -610 -347 -511 -525
Free cash flow 626 607 447 626 625