8-KEarnings & ResultsExhibits & Filings

FLEX LTD. 8-K Report, Financial Results (Jan 25, 2005)

Filed January 25, 2005For Securities:FLEX

Summary

Flextronics International Ltd. (FLEX) filed an 8-K on January 25, 2005, reporting its financial results for the third fiscal quarter ended December 31, 2004. The filing primarily serves to attach a press release detailing these results, which includes both GAAP and non-GAAP financial measures. Investors should note that the company emphasizes non-GAAP results, excluding after-tax intangibles amortization and restructuring charges, to present what it considers its core business operations and facilitate period-to-period comparisons. The company's decision to provide and emphasize non-GAAP results aims to offer investors a clearer view of operational performance, as management uses these figures for internal performance assessment. While these non-GAAP measures are not standardized under U.S. GAAP and may not be comparable to similar metrics from other companies, Flextronics believes they offer valuable insights for analyzing operational performance and maintaining consistency with historical reporting practices.

Key Highlights

  • 1Flextronics International Ltd. (FLEX) announced its third fiscal quarter results ended December 31, 2004, via an 8-K filing on January 25, 2005.
  • 2The filing includes a press release detailing the company's financial performance for the quarter.
  • 3The company presented both GAAP and non-GAAP operating results.
  • 4Non-GAAP results are highlighted and exclude after-tax intangibles amortization and restructuring and other charges.
  • 5Management uses non-GAAP results as a key performance measure for enterprise-wide assessment.
  • 6The company provides non-GAAP results to offer investors an alternative view focused on core business operations.
  • 7Flextronics has a history of reporting non-GAAP results, seeking to provide consistency in financial reporting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide access to Flextronics International Ltd.'s financial results for the third fiscal quarter ended December 31, 2004, through an attached press release.

The company is reporting both Generally Accepted Accounting Principles (GAAP) operating results and non-GAAP operating results. The non-GAAP results are emphasized by management.

The non-GAAP operating results exclude after-tax intangibles amortization and restructuring and other charges. The company states these exclusions help focus on core business operations.

Flextronics provides non-GAAP financial information to offer investors an alternative method for assessing operating results, focusing on what the company believes to be its core business operations. Management also uses these figures internally for performance measurement and believes their inclusion provides consistency with historical reporting.