Flextronics International (FLEX)

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and re-measurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results. Non-functional transaction gains and losses, and re-measurement adjustments were not material to the Company’s consolidated results of operations for fiscal years 2009, 2008 and 2007, and have been classified as a component of interest and other expense, net in the consolidated statement of operations.

 

The Company realized a foreign exchange gain of $79.8 million during fiscal year 2007 from the liquidation of a certain international entity. This gain was previously recorded within other comprehensive income, and reclassified to other charges (income), net, in the consolidated statement of operations during the period when the international entity was substantially liquidated.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and re-measurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results. Non-functional transaction gains and losses, and re-measurement adjustments were not material to the Company’s consolidated results of operations for fiscal years 2009, 2008 and 2007, and have been classified as a component of interest and other expense, net in the consolidated statement of operations.

 

The Company realized a foreign exchange gain of $79.8 million during fiscal year 2007 from the liquidation of a certain international entity. This gain was previously recorded within other comprehensive income, and reclassified to other charges (income), net, in the consolidated statement of operations during the period when the international entity was substantially liquidated.

 

 

The financial position and results of operations for certain of
the Company’s subsidiaries are measured using a currency
other than the U.S. dollar as their functional currency.
Accordingly, all assets and liabilities for these subsidiaries
are translated into U.S. dollars at the current exchange
rates as of the respective balance sheet date. Revenue and
expense items are translated at the average exchange rates
prevailing during the period. Cumulative gains and losses from
the translation of these subsidiaries’ financial statements
are reported as a separate component of shareholders’
equity. Foreign exchange gains and losses arising from
transactions denominated in a currency other than the functional
currency of the entity involved, and re-measurement adjustments
for foreign operations where the U.S. dollar is the
functional currency, are included in operating results.
Non-functional transaction gains and losses, and re-measurement
adjustments were not material to the Company’s consolidated
results of operations for fiscal years 2009, 2008 and 2007, and
have been classified as a component of interest and other
expense, net in the consolidated statement of operations.

 

The Company realized a foreign exchange gain of
$79.8 million during fiscal year 2007 from the liquidation
of a certain international entity. This gain was previously
recorded within other comprehensive income, and reclassified to
other charges (income), net, in the consolidated statement of
operations during the period when the international entity was
substantially liquidated.

 

 

The financial position and results of operations for certain of
the Company’s subsidiaries are measured using a currency
other than the U.S. dollar as their functional currency.
Accordingly, all assets and liabilities for these subsidiaries
are translated into U.S. dollars at the current exchange
rates as of the respective balance sheet date. Revenue and
expense items are translated at the average exchange rates
prevailing during the period. Cumulative gains and losses from
the translation of these subsidiaries’ financial statements
are reported as a separate component of shareholders’
equity. Foreign exchange gains and losses arising from
transactions denominated in a currency other than the functional
currency of the entity involved, and re-measurement adjustments
for foreign operations where the U.S. dollar is the
functional currency, are included in operating results.
Non-functional transaction gains and losses, and re-measurement
adjustments were not material to the Company’s consolidated
results of operations for fiscal years 2009, 2008 and 2007, and
have been classified as a component of interest and other
expense, net in the consolidated statement of operations.

 

The Company realized a foreign exchange gain of
$79.8 million during fiscal year 2007 from the liquidation
of a certain international entity. This gain was previously
recorded within other comprehensive income, and reclassified to
other charges (income), net, in the consolidated statement of
operations during the period when the international entity was
substantially liquidated.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and remeasurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results. Non-functional transaction gains and losses, and remeasurement adjustments were not material to the Company’s consolidated results of operations for fiscal years 2008, 2007 and 2006 and have been classified as a component of interest and other expense, net in the consolidated statement of operations.

 

The Company realized foreign exchange gains of $79.8 million and $20.6 million during fiscal years 2007 and 2006, respectively, from the liquidation of certain international entities. These gains were previously realized within other comprehensive income, and reclassified to other charges (income), net, in the consolidated statement of operations during the period when the international entities were liquidated.

 

 

The financial position and results of operations for certain of
the Company’s subsidiaries are measured using a currency
other than the U.S. dollar as their functional currency.
Accordingly, all assets and liabilities for these subsidiaries
are translated into U.S. dollars at the current exchange
rates as of the respective balance sheet date. Revenue and
expense items are translated at the average exchange rates
prevailing during the period. Cumulative gains and losses from
the translation of these subsidiaries’ financial statements
are reported as a separate component of shareholders’
equity. Foreign exchange gains and losses arising from
transactions denominated in a currency other than the functional
currency of the entity involved, and remeasurement adjustments
for foreign operations where the U.S. dollar is the
functional currency, are included in operating results.
Non-functional transaction gains and losses, and remeasurement
adjustments were not material to the Company’s consolidated
results of operations for fiscal years 2008, 2007 and 2006 and
have been classified as a component of interest and other
expense, net in the consolidated statement of operations.

 

The Company realized foreign exchange gains of
$79.8 million and $20.6 million during fiscal years
2007 and 2006, respectively, from the liquidation of certain
international entities. These gains were previously realized
within other comprehensive income, and reclassified to other
charges (income), net, in the consolidated statement of
operations during the period when the international entities
were liquidated.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and remeasurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results. Non-functional transaction gains and losses, and remeasurement adjustments were not material to the Company’s consolidated results of operations for fiscal years 2008, 2007 and 2006 and have been classified as a component of interest and other expense, net in the consolidated statement of operations.

 

The Company realized foreign exchange gains of $79.8 million and $20.6 million during fiscal years 2007 and 2006, respectively, from the liquidation of certain international entities. These gains were previously realized within other comprehensive income, and reclassified to other charges (income), net, in the consolidated statement of operations during the period when the international entities were liquidated.

 

 

The financial position and results of operations for certain of
the Company’s subsidiaries are measured using a currency
other than the U.S. dollar as their functional currency.
Accordingly, all assets and liabilities for these subsidiaries
are translated into U.S. dollars at the current exchange
rates as of the respective balance sheet date. Revenue and
expense items are translated at the average exchange rates
prevailing during the period. Cumulative gains and losses from
the translation of these subsidiaries’ financial statements
are reported as a separate component of shareholders’
equity. Foreign exchange gains and losses arising from
transactions denominated in a currency other than the functional
currency of the entity involved, and remeasurement adjustments
for foreign operations where the U.S. dollar is the
functional currency, are included in operating results.
Non-functional transaction gains and losses, and remeasurement
adjustments were not material to the Company’s consolidated
results of operations for fiscal years 2008, 2007 and 2006 and
have been classified as a component of interest and other
expense, net in the consolidated statement of operations.

 

The Company realized foreign exchange gains of
$79.8 million and $20.6 million during fiscal years
2007 and 2006, respectively, from the liquidation of certain
international entities. These gains were previously realized
within other comprehensive income, and reclassified to other
charges (income), net, in the consolidated statement of
operations during the period when the international entities
were liquidated.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and remeasurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results. During fiscal year 2007, the Company recognized foreign exchange losses of $5.7 million from non-functional currency transactions, and remeasurement adjustments. Non-functional transaction gains and losses, and remeasurement adjustments were not material to the Company’s consolidated results of operations for fiscal years 2006 and 2005, and have been classified as a component of interest and other expense, net in the consolidated statement of operations.

 

The Company realized foreign exchange gains of $79.8 million, $20.6 million and $29.3 million during fiscal years 2007, 2006 and 2005, respectively, from the liquidation of certain international entities. These gains were previously realized within other comprehensive income, and reclassified to other income, net, in the consolidated statement of operations during the period when the international entities were liquidated.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity. Foreign exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved, and remeasurement adjustments for foreign operations where the U.S. dollar is the functional currency, are included in operating results.

 

 

The financial position and results of operations for certain of the Company’s subsidiaries are measured using a currency other than the U.S. dollar as their functional currency. Accordingly, all assets and liabilities for these subsidiaries are translated into U.S. dollars at the current exchange rates as of the respective balance sheet date. Revenue and expense items are translated at the average exchange rates prevailing during the period. Cumulative gains and losses from the translation of these subsidiaries’ financial statements are reported as a separate component of shareholders’ equity.