01—Abstract
Summary
Summary of the 10-K/A filed June 20, 2018. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (Amendment No. 1) to Flex Ltd.'s Annual Report on Form 10-K for the fiscal year ended March 31, 2018, originally filed on June 14, 2018.
The amendment's sole purpose is to correct an omission in Exhibit 23.01, which inadvertently missed a reference to Registration Statement No. 333-222773 on Form S-3. This amendment does not alter the financial or other substantive information presented in the original 10-K and does not reflect any events occurring after the original filing date. New certifications from the CEO and CFO, pursuant to Rule 13a-14(a), are included as Exhibits 31.03 and 31.04, with specific paragraphs omitted as per the amendment's limited scope.
For investors, the key takeaway from this specific filing is its procedural nature. It's a correction of a document reference error and does not introduce new financial data or operational updates.
Investors should refer to the original Form 10-K filed on June 14, 2018, for comprehensive financial and operational insights into Flex Ltd.'s performance for the fiscal year ended March 31, 2018. The aggregate market value of ordinary shares held by non-affiliates as of September 29, 2017, was approximately $8.8 billiona, and as of June 8, 2018, there were 528,282,247 ordinary shares outstanding.
02—Key points
Key Highlights
- This filing is an amendment (Amendment No. 1) to Flex Ltd.'s Form 10-K for the fiscal year ended March 31, 2018.
- The amendment corrects a minor omission in Exhibit 23.01, specifically regarding a reference to Registration Statement No. 333-222773 on Form S-3.
- The amendment does not modify or update the financial or other information presented in the original Form 10-K.
- New certifications from the CEO and CFO, pursuant to Rule 13a-14(a), are included in this amendment.
- As of September 29, 2017, the aggregate market value of ordinary shares held by non-affiliates was approximately $8.8 billion.
- As of June 8, 2018, Flex Ltd. had 528,282,247 ordinary shares outstanding.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2018filed June 20, 2018Financial Statements
FY2018 against FY2017
| Line item | FY2018FY2017 | Change |
|---|---|---|
| Revenue | $25.44B$23.86B | +6.6% |
| Cost of Revenue | $23.78B$22.30B | +6.6% |
| Gross Profit | $1.60B$1.52B | +4.9% |
| R&D Expenses | $78.20M$65.60M | +19.2% |
| SG&A Expenses | $1.02B$937.34M | +8.8% |
| Interest Expense | $123.10M$108.00M | +14.0% |
| Net Income | $428.53M$319.56M | +34.1% |
| EPS (Basic) | $0.81$0.59 | +37.3% |
| EPS (Diluted) | $0.80$0.59 | +35.6% |
| Shares Outstanding (Basic) | 529.78M540.50M | −2.0% |
| Shares Outstanding (Diluted) | 536.60M546.22M | −1.8% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this Amendment No. 1 to the 10-K filing?
The primary purpose of this amendment is to correct a technical omission in Exhibit 23.01 of the original Form 10-K. Specifically, a reference to Registration Statement No. 333-222773 on Form S-3 was inadvertently omitted.
Does this amendment contain new financial results or operational updates for Flex Ltd.?
No, this amendment explicitly states that it does not modify, amend, or update in any way the financial or other information contained in the original Form 10-K. It also does not reflect any events that may have occurred subsequent to the original filing date.
Why are new certifications from the CEO and CFO included in this amendment?
New certifications from the principal executive officer and principal financial officer, pursuant to Rule 13a-14(a) under the Exchange Act, are being filed as required by Rule 12b-15 due to the nature of the amendment, even though it does not contain financial statements or amendments to disclosures related to Items 307 and 308 of Regulation S-K.
Where can I find the actual financial and operational information for Flex Ltd. for the fiscal year ended March 31, 2018?
Investors should refer to the original Form 10-K for the fiscal year ended March 31, 2018, which was filed on June 14, 2018. This amendment is purely for a procedural correction and does not contain the substantive financial reporting.
06—Continue