8-KEarnings & ResultsExhibits & Filings

FLEX LTD. 8-K Report, Financial Results (Apr 28, 2005)

Filed April 28, 2005For Securities:FLEX

Summary

Flextronics International Ltd. (FLEX) filed an 8-K on April 28, 2005, to report its financial results for the fourth quarter and fiscal year ended March 31, 2005. The report's primary purpose is to attach a press release detailing these results, which includes both GAAP and non-GAAP financial information. Investors should note the company's use of non-GAAP measures, which exclude items such as after-tax intangibles amortization and restructuring charges. Management utilizes these non-GAAP results for internal performance assessment and to provide investors with a clearer view of operational trends, facilitating easier period-to-period comparisons. While these measures are presented to offer additional analytical insights, it's crucial for investors to refer to the reconciliation provided in the press release to understand the adjustments made from standard GAAP reporting and to ensure comparability with other companies that may use different non-GAAP methodologies.

Key Highlights

  • 1Flextronics International Ltd. announced its fourth quarter and fiscal year 2005 financial results on April 28, 2005.
  • 2The filing primarily serves to incorporate a press release containing these financial results.
  • 3The reported results include both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial figures.
  • 4Non-GAAP operating results are presented to offer additional analytical insights and facilitate period-to-period comparisons.
  • 5Key exclusions from non-GAAP results mentioned are after-tax intangibles amortization and restructuring and other charges.
  • 6A reconciliation between non-GAAP and GAAP operating results is provided within the attached press release.
  • 7The Chief Financial Officer, Thomas J. Smach, signed the report, indicating oversight of the financial disclosures.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Flextronics International Ltd.'s financial results for the fourth quarter and full fiscal year ended March 31, 2005. It includes a press release that details these results.

This 8-K filing itself does not contain detailed financial statements. Instead, it incorporates by reference a press release (Exhibit 99.1) which contains the company's financial results and their reconciliation.

Non-GAAP operating results are financial metrics that exclude certain items from GAAP results. Flextronics uses them, excluding after-tax intangibles amortization and restructuring charges, to provide investors with additional information for analyzing operating results and to facilitate easier comparisons between different periods, as management uses these measures for performance assessment.

The filing explicitly states that non-GAAP operating results are not based on a standardized methodology and may not be comparable to similar measures presented by other companies. Investors should consult the reconciliation provided in the press release to understand the specific adjustments made by Flextronics.