Flex Ltd. (FLEX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 413M | 420M | 453M | 399M | 433M | 413M | 319M | 340M | 679M | 284M | 357M | 6M | 450M | 359M | 103M | 38M | 360M | 150M | 180M | 334M |
| Operating CF Margin % | 5.52% | 5.95% | 6.66% | 6.07% | 6.77% | 6.3% | 4.87% | 5.38% | 15.07% | 4.42% | 5.15% | 0.09% | 6.02% | 4.63% | 1.33% | 0.52% | 5.25% | 2.27% | 2.89% | 5.27% |
| Operating CF Growth % | -4.62% | 1.69% | 42.01% | 17.35% | -36.23% | 45.42% | -10.64% | 5566.67% | 50.89% | -20.89% | 246.6% | -84.21% | 25% | 139.33% | -42.78% | -88.62% | 123.6% | -56.9% | -31.92% | 153.1% |
| Net Income | 250M | 239M | 199M | 192M | 222M | 263M | 214M | 139M | 395M | 197M | 228M | 211M | 363M | 237M | 238M | 189M | 167M | 227M | 336M | 206M |
| Depreciation & Amortization | 130M | 135M | 156M | 142M | 130M | 144M | 131M | 126M | 147M | 130M | 127M | 133M | 130M | 124M | 123M | 124M | 118.9M | 121M | 118M | 118M |
| Stock-Based Compensation | 0 | 37M | 37M | 34M | 32M | 33M | 28M | 32M | 66M | 39M | 45M | 32M | 53M | 27M | 27M | 26M | 22M | 25M | 24M | 20M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -480M | 0 | 0 | 0 | 0 | -284.76M | -274.28M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 371M | 7M | 26M | 6M | 899M | -35M | -28M | -32M | 209M | -3M | 133M | 89M | 31M | 257.76M | 247.28M | -20M | 1.08B | -25M | -24M | -20M |
| Working Capital Changes | -338M | 46M | 98M | 65M | -850M | 6M | -26M | 75M | 342M | -79M | -176M | -338M | -74M | -2M | -258M | -281M | -1.02B | -198M | -274M | 10M |
| Change in Receivables | 0 | 0 | 0 | 0 | -966M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 398M | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 1.18B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.65B | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -200M | -138M | -155M | -179M | -197M | -435M | -124M | -82M | -78M | -117M | -142M | -155M | -179M | -154M | -182M | -89M | -123M | -625M | -90M | -113M |
| Capital Expenditures | -202M | -148M | -150M | -133M | -112M | -112M | -103M | -111M | -81M | -130M | -152M | -167M | -180M | -159M | -189M | -107M | -110M | -123M | -92M | -118M |
| CapEx % of Revenue | 2.7% | 2.1% | 2.2% | 2.02% | 1.75% | 1.71% | 1.57% | 1.76% | 1.8% | 2.02% | 2.19% | 2.42% | 2.41% | 2.05% | 2.43% | 1.46% | 1.61% | 1.86% | 1.48% | 1.86% |
| Acquisitions | 5M | 6M | -6M | -41M | -58M | -346M | 62.48K | 5M | 16M | 2M | 7.93M | 11M | 2M | -2M | 5.85M | 16M | -16M | -523M | 1.97M | 3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3M | 4M | 1M | -5M | -27M | 23M | -21.06M | 24M | -13M | 11M | 2.07M | 12M | -1M | 7M | 1.15M | 18M | 3M | 21M | 2M | 5M |
| Cash from Financing | -878M | 529M | -292M | -283M | -297M | -203M | 147M | -468M | -888M | -308M | 26M | -486M | 455M | -157M | -86M | -210M | 172M | 595M | -321M | -166M |
| Debt Issued (Net) | -675M | 744M | -3M | -32M | -441M | -1M | 483M | -41M | -11M | -128K | -155M | -241M | -199M | -68M | -4M | -35M | -216M | 680M | 12M | -1M |
| Equity Issued (Net) | -200M | -200M | -297M | -247M | -299M | -201M | -300M | -457M | -517M | -275M | -309M | -197M | 650M | -40M | -72M | -181M | -106M | -90M | -328M | -162M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -200M | -200M | -297M | -247M | -299M | -201M | -300M | -457M | -517M | -275M | -309M | -197M | -44M | -40M | -72M | -181M | -106M | -90M | -328M | -162M |
| Other Financing | -3M | -15M | 8M | -4M | 443M | -1M | -36M | 30M | -360M | -32.87M | 490M | -48M | 4M | -49M | -10M | 6M | 494M | 5M | -5M | -3M |
| Net Change in Cash | -668M | 808M | 10M | -50M | -44M | -268M | 358M | -231M | -290M | -136M | 240M | -634M | 729M | 112M | -194M | -317M | 390M | 116M | -235M | 56M |
| Free Cash Flow | 211M | 272M | 303M | 266M | 321M | 301M | 216M | 229M | 598M | 154M | 205M | -161M | 270M | 200M | -86M | -69M | 250M | 27M | 88M | 216M |
| FCF Margin % | 2.82% | 3.85% | 4.45% | 4.05% | 5.02% | 4.59% | 3.3% | 3.63% | 13.27% | 2.4% | 2.96% | -2.34% | 3.61% | 2.58% | -1.11% | -0.94% | 3.65% | 0.41% | 1.41% | 3.41% |
| FCF Growth % | -34.27% | -9.63% | 40.28% | 16.16% | -46.32% | 95.45% | 5.37% | 242.24% | 121.48% | -23% | 338.37% | -133.33% | 8% | 640.74% | -197.73% | -131.94% | 252.11% | -90.07% | -53.6% | 129.23% |
| FCF per Share | 0.56 | 0.72 | 0.80 | 0.70 | 0.83 | 0.76 | 0.54 | 0.56 | 1.41 | 0.35 | 0.46 | -0.35 | 0.59 | 0.44 | -0.19 | -0.15 | 0.53 | 0.06 | 0.18 | 0.43 |
| FCF Conversion (FCF/Net Income) | 1.65x | 1.76x | 2.28x | 2.08x | 1.95x | 1.57x | 1.49x | 2.45x | 1.72x | 1.44x | 1.57x | 0.03x | 3.17x | 1.56x | 0.44x | 0.20x | 2.16x | 0.66x | 0.54x | 1.62x |
| Interest Paid | 0 | 0 | 0 | 0 | 214M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |