Flex(FLEX) - 2025 Q3 - Quarterly Results

Cash and Cash Equivalents - Cash and cash equivalents increased from $2,313 million to$2,474 million as of March 31, 2024[26] Net Income - Net income for the nine-month period ended December 31, 2024 was $616 million, compared to$850 million in the same period in 2023[27] Operating Activities - Net cash provided by operating activities for the nine-month period ended December 31, 2024 was $1,072 million, up from$647 million in the same period in 2023[27] Restructuring Charges - The company recognized $54 million in restructuring charges for the nine-month period ended December 31, 2024, primarily related to employee severance[33] Asset Recoveries - Customer-related asset recoveries of$2 million were recognized during the nine-month period ended December 31, 2024[34] Asset Impairment and Loss Contingencies - The company accrued $5 million for asset impairment and$3 million for loss contingencies during the first three quarters of fiscal year 2025[35] Tax Benefits - A net tax benefit of $50 million was recognized for the nine-month period ended December 31, 2024, including$26 million in interest recoverable on prior periods taxes paid by a Brazilian subsidiary[37] Total Assets and Liabilities - Total assets remained relatively stable at $18,272 million as of December 31, 2024, compared to$18,257 million as of March 31, 2024[26] - Total liabilities decreased from $13,280 million as of December 31, 2024 to$12,932 million as of March 31, 2024[26] Investing Activities - Net cash used in investing activities for the nine-month period ended December 31, 2024 was $641 million, primarily due to$347 million spent on acquisitions and $326 million on property and equipment purchases[27]