What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce and report Flextronics International Ltd.'s financial results for the fourth quarter and the full fiscal year ended March 31, 2006. It also serves to provide details on the financial reporting methods used by the company.

What are "non-GAAP operating results" and why does the company present them?

Non-GAAP operating results are financial performance measures that are not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Flextronics presents these to exclude items like after-tax intangibles amortization and restructuring charges. Management uses them as a performance indicator and believes they provide investors with additional insights for analyzing operating results and facilitating period-to-period comparisons, maintaining consistency with historical reporting.

Are the non-GAAP results presented by Flextronics comparable to other companies?

The company states that non-GAAP operating results are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. Investors should use caution when comparing these figures.

Where can I find the detailed financial results and the reconciliation of non-GAAP to GAAP figures?

The detailed financial results and the reconciliation of non-GAAP operating results to GAAP operating results are available in the press release dated April 27, 2006, which is attached as Exhibit 99.1 to this 8-K filing.

FLEX 8-K: Earnings & Results

Summary

Flextronics International Ltd. (FLEX) filed an 8-K on April 27, 2006, to report its financial results for the fourth quarter and full fiscal year ended March 31, 2006. A key aspect of this filing is the company's use and presentation of non-GAAP operating results alongside GAAP figures. Management utilizes these non-GAAP measures, which exclude after-tax intangibles amortization, restructuring and other charges, as a performance indicator and to provide investors with additional analytical tools for period-to-period comparisons. The company emphasizes that these non-GAAP results are not prepared under standardized GAAP methodology and may not be comparable to similar measures from other companies. However, Flextronics believes providing these figures offers consistency with historical reporting practices and enhances investors' ability to understand the company's underlying operational performance. Investors are encouraged to review the reconciliation provided in the press release to understand the differences between GAAP and non-GAAP reporting.

Key Highlights

1Filing reports on Q4 and full fiscal year 2006 results for Flextronics International Ltd.
2Company issued a press release on April 27, 2006, detailing financial performance.
3The report includes non-GAAP operating results alongside GAAP financial information.
4Non-GAAP results exclude after-tax intangibles amortization, restructuring and other charges.
5Management uses non-GAAP results for performance measurement and investor analysis.
6Company emphasizes that non-GAAP measures are not standardized and may not be comparable to peers.
7A reconciliation between GAAP and non-GAAP results is provided in the press release.

FLEX LTD. 8-K Report, Financial Results (Apr 27, 2006)

Summary

Key Highlights

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