Flex Ltd.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Flex Ltd.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 13% to $26,415,000,000. The net income raised on $1,006,000,000 and profit margin reached 4%. Total operating expenses were $922,000,000.
Profit Margin
| 2015 | 26.14B | 600.80M | 2.3% |
|---|---|---|---|
| 2016 | 24.41B | 444.08M | 1.82% |
| 2017 | 23.86B | 319.56M | 1.34% |
| 2018 | 25.44B | 428.53M | 1.68% |
| 2019 | 26.30B | 93.39M | 0.36% |
| 2020 | 24.20B | 88M | 0.36% |
| 2021 | 24.12B | 613M | 2.54% |
| 2022 | 26.04B | 936M | 3.59% |
| 2023 | 30.34B | 793M | 2.61% |
| 2024 | 26.41B | 1.00B | 3.81% |
FLEX Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 26.41B | 30.34B | 26.04B | 24.12B | 24.20B | 26.30B | 25.44B | 23.86B | 24.41B | 26.14B |
Cost of revenue | 24.46B | 28.08B | 24.10B | 22.43B | 22.87B | 24.78B | 23.84B | 22.34B | 22.81B | 24.60B |
Gross profit | 1.95B | 2.26B | 1.93B | 1.68B | 1.33B | 1.51B | 1.59B | 1.52B | 1.60B | 1.54B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 66M | 78.2M | 65.6M | 75.5M | 26.3M |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 922M | 1.07B | 960M | 879M | 898.21M | 1.02B | 1.09B | 1.01B | 1.02B | 876.50M |
Operating income | 1.02B | 1.18B | 972M | 821M | 348.19M | 490.30M | 497.84M | 502.21M | 653.17M | 700.86M |
Other income (expenses), net | -362M | -377M | 73M | -107M | -345.36M | -124.72M | 145.87M | -170.12M | -47.73M | 1.82M |
Income before tax | 666M | 974M | 1.04B | 714M | 158.48M | 182.12M | 520.89M | 370.84M | 454.67M | 670.65M |
Income tax expense | -206M | -59M | 105M | 101M | 70.90M | 88.72M | 92.35M | 51.28M | 10.59M | 69.85M |
Net income | 1.00B | 793M | 936M | 613M | 88M | 93.39M | 428.53M | 319.56M | 444.08M | 600.80M |
Earnings per share | ||||||||||
Basic EPS | 2.31 | 1.75 | 1.97 | 1.23 | 0.17 | 0.18 | 0.81 | 0.59 | 0.8 | 1.04 |
Diluted EPS | 2.28 | 1.72 | 1.94 | 1.21 | 0.17 | 0.18 | 0.8 | 0.59 | 0.79 | 1.02 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |