10-K/APeriod: FY2018

FLEX LTD. Annual Report (Amendment), Year Ended Mar 31, 2018

Filed June 20, 2018For Securities:FLEX

Summary

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 billion, and as of June 8, 2018, there were 528,282,247 ordinary shares outstanding.

Financial Highlights

54 data points
Beta

Revenue

$25.44B

6.3% Gross Margin

Net Income

$428.53M

1.7% Net Margin

EPS (Diluted)

$0.80

Total Assets

$13.72B

Cash & Equivalents

$1.47B

Free Cash Flow

-$4.43B

Financial Statements
Beta
Revenue$25.44B
Cost of Revenue$23.78B
Gross Profit$1.60B
R&D Expenses$78.20M
SG&A Expenses$1.02B
Interest Expense$123.10M
Net Income$428.53M
EPS (Basic)$0.81
EPS (Diluted)$0.80
Shares Outstanding (Basic)529.78M
Shares Outstanding (Diluted)536.60M

Key Highlights

  • 1This filing is an amendment (Amendment No. 1) to Flex Ltd.'s Form 10-K for the fiscal year ended March 31, 2018.
  • 2The amendment corrects a minor omission in Exhibit 23.01, specifically regarding a reference to Registration Statement No. 333-222773 on Form S-3.
  • 3The amendment does not modify or update the financial or other information presented in the original Form 10-K.
  • 4New certifications from the CEO and CFO, pursuant to Rule 13a-14(a), are included in this amendment.
  • 5As of September 29, 2017, the aggregate market value of ordinary shares held by non-affiliates was approximately $8.8 billion.
  • 6As of June 8, 2018, Flex Ltd. had 528,282,247 ordinary shares outstanding.

Frequently Asked Questions

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.

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.

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.

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.