8-KEarnings & ResultsExhibits & Filings

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

Filed October 25, 2005For Securities:FLEX

Summary

Flextronics International Ltd. (FLEX) filed an 8-K on October 25, 2005, to report its financial results for the second fiscal quarter ended September 30, 2005. The filing primarily serves to attach a press release detailing these results. Investors should note that the press release includes non-GAAP operating results, which the company uses internally and provides for enhanced period-to-period comparability. These non-GAAP figures exclude after-tax intangibles amortization and restructuring and other charges, and are reconciled to GAAP figures within the press release. While the specific financial figures are not detailed in this 8-K itself, the key takeaway is the company's communication of its quarterly performance using a supplementary non-GAAP metric. Investors are encouraged to review the attached press release (Exhibit 99.1) for the detailed financial performance, including the reconciliation between GAAP and non-GAAP measures, to gain a comprehensive understanding of the company's operational and financial condition for the reported period.

Key Highlights

  • 1Flextronics International Ltd. (FLEX) announced its second fiscal quarter results for the period ending September 30, 2005, via an 8-K filing on October 25, 2005.
  • 2The 8-K filing primarily includes a press release detailing the company's quarterly financial performance.
  • 3The company presented non-GAAP operating results in its press release.
  • 4Non-GAAP results exclude after-tax intangibles amortization and restructuring and other charges.
  • 5Flextronics uses non-GAAP results as a performance measure to aid in period-to-period comparisons.
  • 6Reconciliation between non-GAAP and GAAP operating results is provided within the attached press release.
  • 7The Chief Financial Officer, Thomas J. Smach, signed the filing, indicating official company reporting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report and make publicly available Flextronics International Ltd.'s financial results for its second fiscal quarter ended September 30, 2005, through an attached press release.

Non-GAAP operating results are financial metrics that deviate from standard accounting principles (GAAP). Flextronics uses them as a performance measure to provide investors with additional insights for analyzing operating results and facilitating period-to-period comparisons. Specifically, these figures exclude after-tax intangibles amortization and restructuring and other charges.

The detailed financial results and the reconciliation between non-GAAP and GAAP operating results are available in Exhibit 99.1, which is the press release dated October 25, 2005, attached to this 8-K filing.

The filing explicitly states that non-GAAP operating results are not based on any standardized methodology prescribed by U.S. GAAP and are not necessarily comparable to similar measures presented by other companies. Investors should be cautious when making comparisons.