Flex Ltd.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $880.0M | $838.0M | $1.01B | $793.0M | $936.0M | $613.0M | $88.0M | $93.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | $433.4M |
| Depreciation | $457.0M | $439.0M | $431.0M | $414.0M | $409.0M | $422.0M | $422.4M | $433.4M |
| Amortization | $68.0M | $70.0M | $70.0M | $81.0M | $60.0M | $62.0M | $64.1M | $74.4M |
| Stock-Based Compensation | $142.0M | $125.0M | $152.0M | $133.0M | $91.0M | $79.0M | $71.0M | $76.0M |
| Net Cash from Operating Activities | $1.69B | $1.51B | $1.33B | $950.0M | $1.02B | $144.0M | $-1.53B | $-2.97B |
| Investing Activities | ||||||||
| Capital Expenditures | $633.0M | $438.0M | $530.0M | $635.0M | $443.0M | $351.0M | $462.0M | $726.0M |
| Business Acquisitions | $40.0M | $405.0M | $0 | $-2.0M | $539.0M | $0 | $1.0M | $13.0M |
| Net Cash from Investing Activities | $-672.0M | $-838.0M | $-492.0M | $-604.0M | $-951.0M | $-202.0M | $2.28B | $3.25B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $944.0M | $1.26B | $1.30B | $337.0M | $686.0M | $183.0M | $260.0M | $189.0M |
| Net Cash from Financing Activities | $-924.0M | $-821.0M | $-1.66B | $2.0M | $280.0M | $743.0M | $-508.0M | $-30.0M |
| Net Change in Cash | $100.0M | $-185.0M | $-820.0M | $330.0M | $327.0M | $714.0M | $226.0M | $225.0M |
| Free Cash Flow | $1.05B | $1.07B | $796.0M | $315.0M | $581.0M | $-207.0M | $-2.00B | $-3.70B |