01—Abstract
Summary
Summary of the 10-K/A filed July 28, 2009. Cited figures are marked; the original filing is the authoritative source.
FLEX LTD.'s (FLEX) 2009 10-K filing, filed on July 28, 2009, provides a look at the company's operational and governance structure as the fiscal year concluded.
While this excerpt does not contain detailed financial statements, it outlines key areas that investors should scrutinize. Specifically, it points to disclosures regarding the market for FLEX's common equity, director and executive information, executive compensation, shareholder ownership, related party transactions, and auditor fees. These sections are crucial for understanding the company's leadership, governance practices, and how shareholder interests are managed.
02—Key points
Key Highlights
- The filing covers the period ending with the company's fiscal year, with specific sections dedicated to executive compensation and director information, providing insight into leadership and incentives.
- Details on security ownership by beneficial owners and management are presented, allowing investors to assess potential conflicts of interest and management alignment.
- The report addresses certain relationships and related transactions, crucial for identifying any dealings that might not be at arm's length.
- Information on the principal accountant's fees and services is included, offering transparency into the relationship with the external auditor.
- The 'Market for Registrant's Common Equity' section offers insights into how the company's stock has performed and any related shareholder matters during the reporting period.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed July 28, 2009Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $30.95B$27.56B | +12.3% |
| Cost of Revenue | $29.51B$25.97B | +13.6% |
| Gross Profit | $1.28B$1.18B | +8.8% |
| SG&A Expenses | $979.06M$807.03M | +21.3% |
| Interest Expense | $245.50M— | — |
| Net Income | -$6.14B-$681.38M | −800.5% |
| EPS (Basic) | $-7.47$-0.95 | −686.3% |
| EPS (Diluted) | $-7.47$-0.95 | −686.3% |
| Shares Outstanding (Basic) | 820.96M720.52M | +13.9% |
| Shares Outstanding (Diluted) | 820.96M720.52M | +13.9% |
05—Questions
Frequently Asked Questions
Where can I find the financial performance details of FLEX LTD. for the fiscal year ended in 2009?
This excerpt from the 10-K filing (specifically Items 5, 10-14, and 15) focuses on corporate governance, executive and director information, shareholder matters, and related disclosures rather than detailed financial statements. To find comprehensive financial performance data, investors should refer to the financial statements and management's discussion and analysis (MD&A) sections, which would typically be included in other parts of the full 10-K report.
What does 'Market for Registrant's Common Equity' tell investors?
This section typically provides information on the stock exchange where the company's shares are traded, the range of stock prices over the reporting period, the number of shareholders, and any dividend policies or history. It helps investors understand the liquidity and trading activity of FLEX's stock.
Why is the 'Certain Relationships and Related Transactions' section important for investors?
This section is vital for identifying any transactions or arrangements between the company and its directors, executive officers, significant shareholders, or their immediate family members. Investors look for these disclosures to ensure that such transactions are conducted on terms no less favorable than could be obtained from an unaffiliated third party and to assess potential conflicts of interest.
What insights can be gained from the 'Executive Compensation' section?
The executive compensation section details the remuneration packages of the company's top executives, including salary, bonuses, stock options, and other benefits. Investors analyze this to understand how executive pay is structured, whether it aligns with company performance, and to assess the overall cost of leadership.
06—Continue