Q2 FY24 Earnings Presentation
Appendix: Reconciliation of GAAP to Non-GAAP Measures
TOTAL FLEX
Quarter-
ended
Quarter-
ended
Quarter-
ended
Quarter-
ended
($ in Millions, except for EPS)
GAAP net income attributable to Flex Ltd.
Intangible amortization
September 29, 2023
June 30, 2023
September 30, 2022
July 01, 2022
$228
$186
$232
17
20
21
$189
22
Stock-based compensation expense
45
41
27
26
Restructuring charges.
1
23
Legal and other
2
2
10
Interest and other, net
8
1
3
1
Paid-in-kind and pre-IPO dividends paid to redeemable noncontrolling
interest
6
6
Noncontrolling interest share of subsidiary's non-GAAP adjustments
143
(2)
Adjustments for taxes
(139)
(13)
(2)
1
Non-GAAP net income
$303
$258
$289
$255
Diluted earnings per share:
GAAP
NON-GAAP
Diluted shares used in computing per share amounts
20
20
$0.51
$0.41
$0.50
$0.40
$0.68
$0.57
$0.63
$0.54
448
455
460
For more details on the GAAP to Non-GAAP adjustments for current and historical periods, please refer to the Investor Relations section of our website which includes press releases and summary financials
of the respective periods.
468
flex.View entire presentation