8-KOther Events

FLEX LTD. 8-K Report (Sep 20, 2000)

Filed September 20, 2000For Securities:FLEX

Summary

This Form 8-K filing from Flextronics International Ltd. (FLEX) on September 20, 2000, provides updated consolidated financial statements and related disclosures. These financial statements retroactively account for the mergers with The DII Group, Inc. (DII) and Palo Alto Products International Pte. Ltd. (PAPI), both of which were accounted for using the pooling-of-interests method. This approach combines the historical financial data of the merging entities as if they had always been one company, offering a consistent view of the combined entity's performance and financial position. Investors should pay close attention to the selected consolidated financial data and the Management's Discussion and Analysis (MD&A) to understand the combined company's historical performance and future outlook.

Key Highlights

  • 1Flextronics International Ltd. is filing updated consolidated financial statements and related disclosures.
  • 2The financial statements retroactively reflect the mergers with The DII Group, Inc. (DII) and Palo Alto Products International Pte. Ltd. (PAPI).
  • 3Both mergers were accounted for using the pooling-of-interests method.
  • 4The filing includes consolidated financial statements for March 31, 1999, and 2000, and for the three years ended March 31, 2000.
  • 5Key exhibits include selected consolidated financial data and Management's Discussion and Analysis (MD&A).
  • 6The filing also includes consents from independent accountants involved in the audits.
  • 7A financial statement schedule for Valuation and Qualifying Accounts is also provided.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with updated consolidated financial statements and related disclosures for Flextronics International Ltd. These statements retroactively incorporate the financial results of the previously completed mergers with The DII Group, Inc. and Palo Alto Products International Pte. Ltd.

The pooling-of-interests method is significant because it combines the financial statements of the merging companies as if they had always been a single entity. This provides a historical perspective that is continuous, meaning assets and liabilities are carried forward at their historical book values, and revenues and expenses are combined for all periods presented, offering a more consistent view of the combined company's historical performance than other accounting methods like purchase accounting.

Investors can find several key financial documents within this filing, including selected consolidated financial data (Exhibit 99.01), Management's Discussion and Analysis of Results of Operations and Financial Condition (Exhibit 99.02), and the full consolidated financial statements (Exhibit 99.03) for the relevant periods, along with notes and schedules. These documents provide insights into the company's financial health and operational performance.

The filing mentions Arthur Andersen LLP, Deloitte & Touche LLP, and PricewaterhouseCoopers LLP as independent accountants or auditors. Their consents are included, indicating their involvement in auditing the consolidated financial statements.