8-KEarnings & ResultsExhibits & Filings

FLEX LTD. 8-K Report, Financial Results (Jul 26, 2005)

Filed July 26, 2005For Securities:FLEX

Summary

Flextronics International Ltd. (FLEX) filed an 8-K on July 26, 2005, to report its financial results for the first fiscal quarter ended June 30, 2005. The report primarily directs investors to a press release (Exhibit 99.1) for detailed financial information. Notably, the company provided non-GAAP operating results alongside GAAP figures, emphasizing that these non-GAAP measures are used internally for performance assessment and to facilitate period-to-period comparisons. Investors should pay close attention to the company's explanation and reconciliation of non-GAAP results, which exclude after-tax amortization of intangibles and restructuring charges. While management believes these non-GAAP figures offer additional insight and consistency, it's crucial for investors to also review the GAAP-based results for a complete financial picture and to assess comparability with other industry players.

Key Highlights

  • 1Flextronics International Ltd. reported its Q1 fiscal year 2005 results on July 26, 2005.
  • 2The filing includes a press release (Exhibit 99.1) with detailed financial results for the quarter ended June 30, 2005.
  • 3The company presented both GAAP and non-GAAP operating results.
  • 4Non-GAAP results exclude after-tax intangibles amortization and restructuring and other charges.
  • 5Management uses non-GAAP results as a performance measure and for period-to-period comparisons.
  • 6A reconciliation between non-GAAP and GAAP results is provided in the attached press release.
  • 7The CFO, Thomas J. Smach, signed the Form 8-K.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Flextronics International Ltd.'s financial results for its first fiscal quarter ended June 30, 2005, and to furnish a press release containing these results.

Flextronics presents non-GAAP operating results which exclude certain items like after-tax intangibles amortization and restructuring and other charges. These are non-standard measures used by management for performance evaluation and comparability, and are provided alongside traditional GAAP results.

The detailed financial information, including both GAAP and non-GAAP results and their reconciliation, is provided in the press release dated July 26, 2005, which is attached as Exhibit 99.1 to this Form 8-K filing.

The company provides non-GAAP results to offer investors additional information for analyzing operating performance and to facilitate period-to-period comparisons. Management also uses these figures internally and believes their inclusion provides consistency with historical reporting.