SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported): July 24, 2003
FLEXTRONICS INTERNATIONAL LTD.
Singapore
| 0-23354 | Not Applicable | |
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| (Commission File Number) | (IRS Employer Identification No.) |
| 36 Robinson Road, #18-01, City House, Singapore | 068877 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
(65) 299-8888
Not Applicable
| Item 7. Financial Statements and Exhibits. | ||||||||
| Item 9. Regulation FD Disclosure. | ||||||||
| SIGNATURE | ||||||||
| EXHIBIT INDEX | ||||||||
| EXHIBIT 99.01 | ||||||||
Item 7. Financial Statements and Exhibits.
| (c) | Exhibits. | ||
| The following exhibit is filed herewith: |
| Exhibit No. | Exhibit Title | |
| 99.01 | Press Release, dated July 24, 2003, issued by Flextronics International Ltd.* |
| * | This information shall not be be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934 or the Securities Act of 1933, whether made before or after the date hereof and irrespective of any general incorporation language in any filings. |
Item 9. Regulation FD Disclosure.
This disclosure is being furnished to report information pursuant to Item 12 — Disclosure of Results of Operations and Financial Condition. On July 24, 2003, Flextronics International Ltd. (the “Company”) issued a press release announcing its results for the first fiscal quarter ended June 30, 2003. A copy of the press release is attached as Exhibit 99.01 to this Current Report.
The press release includes proforma operating results. Proforma operating results are not based on any standardized methodology prescribed by U.S. generally accepted accounting principles (“GAAP”) and are not necessarily comparable to similar measures presented by other companies. Proforma operating results should not be considered in isolation or as a substitute for operating results prepared in accordance with GAAP. The Company has provided a reconciliation of proforma operating results to GAAP in Schedule 1 of the attached press release.
As a result of the significant number of acquisitions made by the Company during the past few years, coupled with an unprecedented downturn in the technology industry and related end market demand for electronics hardware, management believes proforma operating results are a useful measure that facilitates period-to-period operating comparisons. Proforma operating results exclude the effects of the amortization of acquisition-related intangible assets, costs associated with the early extinguishment of debt and restructuring charges related to either the integration of acquisitions or the technology industry downturn. Management uses proforma operating results as a measure of enterprise-wide performance. The Company reports proforma operating results to provide its investors with an alternative method for assessing its operating results in a manner that is focused on what it believes to be its core business operations.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| FLEXTRONICS INTERNATIONAL LTD. | ||
| Date: July 24, 2003 | By: | /s/ Robert R.B. Dykes |
| Robert R. B. Dykes | ||
| President, Systems Group and Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit No. | Exhibit Title | |
| 99.01 | Press Release, dated July 24, 2003, issued by Flextronics International Ltd.* |
| * | This information shall not be be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934 or the Securities Act of 1933, whether made before or after the date hereof and irrespective of any general incorporation language in any filings. |