Income StatementBalance SheetCash FlowSegments
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Flex Ltd. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Flex Ltd. holds $20.8B in total assets. Shareholders' equity is $5.1B against $5.0B in total debt. Cash and equivalents total $3.1B. The current ratio is 1.40 and debt-to-equity is 0.980. Based on the Q4 2025 filing.

Total Assets$20.8BTotal Stockholders Equity$5.1BLong Term Debt$3.8BCash And Equivalents$3.1BTotal Current Assets$15.2BTotal Current Liabilities$10.9B
Latest FilingQ4 2025
Report Date2026-02-06
Market Cap$51.4B
P/E Ratio60.28
ROE16.85%

Current Liabilities

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Accounts payable$5.1B$5.0B$5.1B$5.8B$6.1B$6.5B
Deferred revenue and customer working capital advances$2.1B$1.9B$2.0B$1.9B$1.9B$2.0B
Compensation and benefits$473.0M$511.0M$560.0M$494.0M$568.0M$590.0M
Other accrued liabilities$1.0B$1.0B$977.0M$1.1B$1.1B$1.2B
Current portion of long-term debt$531.0M$532.0M$1.2B$677.0M$676.0M$675.0M
Total current liabilities$9.3B$9.0B$9.9B$9.9B$10.4B$10.9B

Current Assets

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Accounts receivable, net$3.5B$3.4B$3.7B$3.9B$3.9B$3.8B
Cash and cash equivalents$2.6B$2.3B$2.3B$2.2B$2.2B$3.1B
Finished goods$437.0M$473.0M$494.0M$516.0M$545.0M$640.0M
Other current assets$1.2B$1.2B$1.2B$1.3B$1.6B$1.8B
Derivative assets——$34.0M——$82.0M
Raw materials$4.6B$4.3B$4.1B$4.2B$4.2B$4.4B
Work in process$460.0M$465.0M$485.0M$516.0M$536.0M$462.0M
Inventories$5.5B$5.3B$5.1B$5.2B$5.3B$5.5B
Restricted cash—$20.0M———$0.0
Total current assets$13.4B$12.8B$12.8B$13.5B$13.8B$15.2B

Equity

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Accumulated other comprehensive income (loss)-$173.0M-$279.0M-$224.0M-$116.0M-$111.0M-$104.0M
Common stock$4.4B$4.2B$4.1B$3.9B$3.7B$3.5B
Retained earnings$799.0M$1.1B$1.3B$1.5B$1.7B$1.9B
Total liabilities and stockholders' equity$18.6B$18.3B$18.4B$19.1B$19.5B$20.8B
Total stockholders' equity$5.0B$5.0B$5.0B$5.1B$5.0B$5.1B
Treasury stock——$200.0M$200.0M$200.0M$200.0M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)—-$21.0M—$30.0M$30.0M$34.0M
Accrued asset impairment—$5.0M————
Allowance for doubtful accounts$10.0M$9.0M$7.0M$9.0M$9.0M$9.0M
Business Combination, Contingent Consideration, Liability——$5.0M——$2.0M
Common stock, no par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares issued (in shares)389.8M384.3M383.4M381.8M376.4M373.2M
Common Stock, Shares, Outstanding389.8M384.3M377.8M376.2M370.9M367.6M
Contract with Customer, Asset, after Allowance for Credit Loss$595.0M$633.0M$616.0M$751.0M$819.0M$881.0M
Contract with Customer, Liability$372.0M$355.0M$377.0M$450.0M$429.0M$456.0M
Customer working capital advances$1.8B$1.6B$1.6B$1.5B$1.5B$1.5B
Long-term debt, gross$3.7B$3.7B—$3.7B$3.7B$4.5B
Mutual funds, money market accounts and equity securities——$43.0M——$49.0M
Derivative Liability——$79.0M——$29.0M
Thereafter$56.0M$99.0M—$104.0M$104.0M$105.0M
Finite-Lived Intangible Assets, Accumulated Amortization$378.0M$375.0M$405.0M$203.0M$202.0M$217.0M
2028$37.0M$61.0M—$44.0M$44.0M$44.0M
2030$25.0M$42.0M—$36.0M$36.0M$36.0M
Remainder of 2026$32.0M$24.0M—$47.0M$31.0M$15.0M
2027$45.0M$72.0M—$58.0M$58.0M$59.0M
2029$28.0M$45.0M—$41.0M$41.0M$41.0M
Gross Carrying Amount$601.0M$718.0M$748.0M$533.0M$516.0M$517.0M
2028$0.0$0.0—$898.0M$898.0M$898.0M
2029$397.0M$398.0M—$29.0M$30.0M$30.0M
2030$28.0M$25.0M—$684.0M$685.0M$685.0M
2027$1.2B$1.2B—$0.0$0.0$0.0
Remainder of 2026$0.0$0.0—$677.0M$676.0M$675.0M
Thereafter$2.1B$2.1B—$1.4B$1.4B$2.2B
Long-term debt weighted-average interest rate4.6%4.6%4.6%4.6%4.6%4.7%
Number of countries in which Visa operates (more than)3000.0%3000.0%—3000.0%3000.0%3000.0%
Number of supplier finance program4.004.00—4.004.004.00
Construction materials and aviation spare parts——$416.0M—$768.0M$924.0M
Other accrued liabilities current$245.0M$226.0M$246.0M$281.0M$304.0M$374.0M
Restructuring Reserve$86.0M$53.0M$51.0M$53.0M$41.0M$31.0M
Severance accrual, current$86.0M$53.0M—$53.0M$41.0M$31.0M
Restructuring liability – non-current portion$0.0$0.0—$0.0$0.0$0.0
Share Repurchase Program, Authorized, Amount$1.7B———$1.7B—
Share Repurchase Program, Remaining Authorized, Amount$1.5B$1.3B—$800.0M$1.5B$1.3B
Supplier finance program, obligation$133.0M$127.0M$119.0M$131.0M$136.0M$129.0M
Treasury stock, shares (in shares)——5.6M5.6M5.6M5.6M
Unamortized Debt Issuance Expense$17.0M$16.0M$14.0M$13.0M$12.0M$18.0M

Non-Current Assets

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Deferred Tax Assets and Other Non-Current Assets$657.0M$662.0M$577.0M$576.0M$575.0M$580.0M
Goodwill$1.1B$1.3B$1.3B$1.4B$1.4B$1.4B
Intangible assets — net$223.0M$343.0M$343.0M$330.0M$314.0M$300.0M
Other intangible assets—net$223.0M$343.0M$343.0M$330.0M$314.0M$300.0M
Operating lease right-of-use assets$581.0M$578.0M$562.0M$686.0M$703.0M$667.0M
Other non-current assets$1.0B$1.0B$964.0M$951.0M$960.0M$933.0M
Property and equipment, net$2.3B$2.2B$2.3B$2.3B$2.4B$2.4B
Total assets$18.6B$18.3B$18.4B$19.1B$19.5B$20.8B

Non-Current Liabilities

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Long-term debt$3.2B$3.1B$2.5B$3.0B$3.0B$3.8B
Operating lease liabilities, non-current$476.0M$475.0M$456.0M$583.0M$604.0M$583.0M
Other non-current liabilities$623.0M$621.0M$590.0M$535.0M$520.0M$500.0M
Total liabilities$13.6B$13.3B$13.4B$14.0B$14.5B$15.7B