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SUPPLEMENTAL GUARANTOR AND NON-GUARANTOR CONSOLIDATING FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Mar. 31, 2016
SUPPLEMENTAL GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS  
Schedule of condensed consolidating balance sheets
Condensed Consolidating Balance Sheets as of March 31, 2016
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
734,869

 
$
148,201

 
$
724,500

 
$
—

 
$
1,607,570

Accounts receivable
—

 
729,331

 
1,315,426

 
—

 
2,044,757

Inventories
—

 
1,482,410

 
2,009,246

 
—

 
3,491,656

Inter company receivable
9,105,728

 
5,568,392

 
12,404,722

 
(27,078,842
)
 
—

Other current assets
2,951

 
180,842

 
987,350

 
—

 
1,171,143

Total current assets
9,843,548

 
8,109,176

 
17,441,244

 
(27,078,842
)
 
8,315,126

Property and equipment, net
—

 
553,072

 
1,704,561

 
—

 
2,257,633

Goodwill and other intangible assets, net
175

 
60,895

 
1,284,750

 
—

 
1,345,820

Other assets
2,249,145

 
267,034

 
2,004,437

 
(4,054,214
)
 
466,402

Investment in subsidiaries
2,815,426

 
3,014,634

 
18,175,348

 
(24,005,408
)
 
—

Total assets
$
14,908,294

 
$
12,004,811

 
$
40,610,340

 
$
(55,138,464
)
 
$
12,384,981

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Bank borrowings and current portion of long-term debt
$
58,836

 
$
946

 
$
5,384

 
$
—

 
$
65,166

Accounts payable
—

 
1,401,835

 
2,846,457

 
—

 
4,248,292

Accrued payroll
—

 
114,509

 
239,038

 
—

 
353,547

Inter company payable
9,562,405

 
7,999,335

 
9,517,102

 
(27,078,842
)
 
—

Other current liabilities
33,008

 
869,470

 
1,002,722

 
—

 
1,905,200

Total current liabilities
9,654,249

 
10,386,095

 
13,610,703

 
(27,078,842
)
 
6,572,205

Long term liabilities
2,683,173

 
2,063,988

 
2,514,299

 
(4,054,214
)
 
3,207,246

Flextronics International Ltd. shareholders' equity
2,570,872

 
(445,272
)
 
24,450,680

 
(24,005,408
)
 
2,570,872

Noncontrolling interests
—

 
—

 
34,658

 
—

 
34,658

Total shareholders' equity
2,570,872

 
(445,272
)
 
24,485,338

 
(24,005,408
)
 
2,605,530

Total liabilities and shareholders' equity
$
14,908,294

 
$
12,004,811

 
$
40,610,340

 
$
(55,138,464
)
 
$
12,384,981


Condensed Consolidating Balance Sheets as of March 31, 2015
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
608,971

 
$
168,272

 
$
851,165

 
$
—

 
$
1,628,408

Accounts receivable
—

 
1,208,632

 
1,128,883

 
—

 
2,337,515

Inventories
—

 
1,729,593

 
1,759,159

 
—

 
3,488,752

Inter company receivable
6,417,410

 
4,759,062

 
10,099,057

 
(21,275,529
)
 
—

Other current assets
8,143

 
202,161

 
1,075,921

 
—

 
1,286,225

Total current assets
7,034,524

 
8,067,720

 
14,914,185

 
(21,275,529
)
 
8,740,900

Property and equipment, net
—

 
471,052

 
1,621,115

 
—

 
2,092,167

Goodwill and other intangible assets, net
475

 
64,830

 
349,870

 
—

 
415,175

Other assets
2,210,669

 
155,172

 
2,131,523

 
(4,092,715
)
 
404,649

Investment in subsidiaries
1,799,956

 
1,654,226

 
16,640,427

 
(20,094,609
)
 
—

Total assets
$
11,045,624

 
$
10,413,000

 
$
35,657,120

 
$
(45,462,853
)
 
$
11,652,891

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Bank borrowings and current portion of long-term debt
$
38,868

 
$
917

 
$
5,245

 
$
—

 
$
45,030

Accounts payable
—

 
1,758,305

 
2,802,889

 
—

 
4,561,194

Accrued payroll
—

 
112,692

 
227,047

 
—

 
339,739

Inter company payable
6,559,569

 
7,250,235

 
7,465,725

 
(21,275,529
)
 
—

Other current liabilities
30,553

 
845,156

 
933,419

 
—

 
1,809,128

Total current liabilities
6,628,990

 
9,967,305

 
11,434,325

 
(21,275,529
)
 
6,755,091

Long term liabilities
2,055,820

 
2,102,483

 
2,435,962

 
(4,092,715
)
 
2,501,550

Flextronics International Ltd. shareholders' equity
2,360,814

 
(1,656,788
)
 
21,751,397

 
(20,094,609
)
 
2,360,814

Noncontrolling interests
—

 
—

 
35,436

 
—

 
35,436

Total shareholders' equity
2,360,814

 
(1,656,788
)
 
21,786,833

 
(20,094,609
)
 
2,396,250

Total liabilities and shareholders' equity
$
11,045,624

 
$
10,413,000

 
$
35,657,120

 
$
(45,462,853
)
 
$
11,652,891
Schedule of condensed consolidating statements of operations
Condensed Consolidating Statements of Operations for Fiscal Year Ended March 31, 2016
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net sales
$
—

 
$
16,841,405

 
$
19,286,221

 
$
(11,708,741
)
 
$
24,418,885

Cost of sales
—

 
15,278,265

 
19,241,300

 
(11,708,741
)
 
22,810,824

Gross profit
—

 
1,563,140

 
44,921

 
—

 
1,608,061

Selling, general and administrative expenses
—

 
330,194

 
624,696

 
—

 
954,890

Intangible amortization
300

 
3,598

 
62,067

 
—

 
65,965

Interest and other, net
(191,859
)
 
1,016,302

 
(691,912
)
 
—

 
132,531

Income (loss) before income taxes
191,559

 
213,046

 
50,070

 
—

 
454,675

Provision for income taxes
26

 
(41,584
)
 
52,152

 
—

 
10,594

Equity in earnings in subsidiaries
252,548

 
(168,886
)
 
397,831

 
(481,493
)
 
—

Net income
$
444,081

 
$
85,744

 
$
395,749

 
$
(481,493
)
 
$
444,081


Condensed Consolidating Statements of Operations for Fiscal Year Ended March 31, 2015
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net sales
$
—

 
$
19,016,750

 
$
19,543,163

 
$
(12,411,997
)
 
$
26,147,916

Cost of sales
—

 
17,502,863

 
19,511,710

 
(12,411,997
)
 
24,602,576

Gross profit
—

 
1,513,887

 
31,453

 
—

 
1,545,340

Selling, general and administrative expenses
—

 
258,212

 
586,261

 
—

 
844,473

Intangible amortization
300

 
3,808

 
27,927

 
—

 
32,035

Interest and other, net
10,086

 
901,059

 
(912,968
)
 
—

 
(1,823
)
Income (loss) before income taxes
(10,386
)
 
350,808

 
330,233

 
—

 
670,655

Provision for income taxes
—

 
14,143

 
55,711

 
—

 
69,854

Equity in earnings in subsidiaries
611,187

 
(141,074
)
 
471,575

 
(941,688
)
 
—

Net income
$
600,801

 
$
195,591

 
$
746,097

 
$
(941,688
)
 
$
600,801


Condensed Consolidating Statements of Operations for Fiscal Year Ended March 31, 2014
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net sales
$
—

 
$
18,393,436

 
$
21,569,406

 
$
(13,854,235
)
 
$
26,108,607

Cost of sales
—

 
16,961,211

 
21,502,762

 
(13,854,235
)
 
24,609,738

Restructuring charges
—

 
9,609

 
49,039

 
—

 
58,648

Gross profit
—

 
1,422,616

 
17,605

 
—

 
1,440,221

Selling, general and administrative expenses
—

 
250,909

 
623,887

 
—

 
874,796

Intangible amortization
300

 
4,659

 
23,933

 
—

 
28,892

Restructuring charges
800

 
(271
)
 
16,134

 
—

 
16,663

Interest and other, net
(502,028
)
 
875,119

 
(253,675
)
 
—

 
119,416

Income (loss) before income taxes
500,928

 
292,200

 
(392,674
)
 
—

 
400,454

Provision for income taxes
52

 
42,950

 
(8,142
)
 
—

 
34,860

Equity in earnings in subsidiaries
(135,282
)
 
(262,871
)
 
368,268

 
29,885

 
—

Net income (loss)
$
365,594

 
$
(13,621
)
 
$
(16,264
)
 
$
29,885

 
$
365,594
Schedule of condensed consolidating statements of comprehensive income (loss)
Condensed Consolidating Statements of Comprehensive Income for Fiscal Year Ended March 31, 2016
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net income
$
444,081

 
$
85,744

 
$
395,749

 
$
(481,493
)
 
$
444,081

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net of zero tax
17,846

 
(16,979
)
 
(15,735
)
 
32,714

 
17,846

Unrealized loss on derivative instruments and other, net of zero tax
26,744

 
15,195

 
26,744

 
(41,939
)
 
26,744

Comprehensive income
$
488,671

 
$
83,960

 
$
406,758

 
$
(490,718
)
 
$
488,671


Condensed Consolidating Statements of Comprehensive Income for Fiscal Year Ended March 31, 2015
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net income
$
600,801

 
$
195,591

 
$
746,097

 
$
(941,688
)
 
$
600,801

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net of zero tax
(18,932
)
 
256,652

 
221,418

 
(478,070
)
 
(18,932
)
Unrealized loss on derivative instruments and other, net of zero tax
(35,417
)
 
(33,769
)
 
(35,417
)
 
69,186

 
(35,417
)
Comprehensive income
$
546,452

 
$
418,474

 
$
932,098

 
$
(1,350,572
)
 
$
546,452


Condensed Consolidating Statements of Comprehensive Income for Fiscal Year Ended March 31, 2014
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
365,594

 
$
(13,621
)
 
$
(16,264
)
 
$
29,885

 
$
365,594

Other comprehensive loss:
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net of zero tax
(34,683
)
 
(89,282
)
 
(89,635
)
 
178,917

 
(34,683
)
Unrealized loss on derivative instruments and other, net of zero tax
(13,992
)
 
(5,221
)
 
(13,993
)
 
19,214

 
(13,992
)
Comprehensive income (loss)
$
316,919

 
$
(108,124
)
 
$
(119,892
)
 
$
228,016

 
$
316,919
Schedule of condensed consolidating statements of cash flows
Condensed Consolidating Statements of Cash Flows for Fiscal Year Ended March 31, 2016
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(In thousands)
Net cash provided by operating activities
$
162,275

 
$
427,259

 
$
546,911

 
$
—

 
$
1,136,445

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment, net of proceeds from disposal
—

 
(151,383
)
 
(345,584
)
 
9

 
(496,958
)
Acquisition and divestiture of businesses, net of cash acquired and cash held in divested business
—

 
(809,272
)
 
(101,515
)
 
—

 
(910,787
)
Investing cash flows to affiliates
(1,596,210
)
 
(1,609,342
)
 
(1,408,610
)
 
4,614,162

 
—

Other investing activities, net
(500
)
 
(31,011
)
 
42,880

 
—

 
11,369

Net cash used in investing activities
(1,596,710
)
 
(2,601,008
)
 
(1,812,829
)
 
4,614,171

 
(1,396,376
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from bank borrowings and long-term debt
824,618

 
—

 
60,084

 
—

 
884,702

Repayments of bank borrowings and long-term debt and capital lease obligations
(179,920
)
 
(3,059
)
 
(7,242
)
 


 
(190,221
)
Payments for repurchases of ordinary shares
(420,317
)
 
—

 
—

 
—

 
(420,317
)
Proceeds from exercise of stock options
61,278

 
—

 
—

 
—

 
61,278

Financing cash flows from affiliates
1,240,145

 
2,162,840

 
1,211,186

 
(4,614,171
)
 
—

Other financing activities, net
—

 
(8,800
)
 
(77,000
)
 
—

 
(85,800
)
Net cash provided by financing activities
1,525,804

 
2,150,981

 
1,187,028

 
(4,614,171
)
 
249,642

Effect of exchange rates on cash and cash equivalents
34,529

 
2,697

 
(47,775
)
 
—

 
(10,549
)
Net increase (decrease) in cash and cash equivalents
125,898

 
(20,071
)
 
(126,665
)
 
—

 
(20,838
)
Cash and cash equivalents, beginning of period
608,971

 
168,272

 
851,165

 
—

 
1,628,408

Cash and cash equivalents, end of period
$
734,869

 
$
148,201

 
$
724,500

 
$
—

 
$
1,607,570


Condensed Consolidating Statements of Cash Flows for Fiscal Year Ended March 31, 2015
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(In thousands)
Net cash provided by (used in) operating activities
$
(73,356
)
 
$
75,775

 
$
791,615

 
$
—

 
794,034

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment, net of proceeds from disposal
—

 
(85,876
)
 
(153,833
)
 
(15
)
 
(239,724
)
Acquisition and divestiture of businesses, net of cash acquired and cash held in divested business
—

 
(20,589
)
 
(46,265
)
 
—

 
(66,854
)
Investing cash flows from (to) affiliates
(1,703,983
)
 
(1,900,810
)
 
796,493

 
2,808,300

 
—

Other investing activities, net
(1,500
)
 
(13,821
)
 
79,683

 
—

 
64,362

Net cash provided by (used in) investing activities
(1,705,483
)
 
(2,021,096
)
 
676,078

 
2,808,285

 
(242,216
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from bank borrowings and long-term debt
303,000

 
4,737

 
11,805

 
—

 
319,542

Repayments of bank borrowings and long-term debt and capital lease obligations
(335,500
)
 
(3,127
)
 
(5,529
)
 
—

 
(344,156
)
Payments for early repurchase of long-term debt
—

 
—

 
—

 
—

 
—

Payments for repurchases of ordinary shares
(415,945
)
 
—

 
—

 
—

 
(415,945
)
Proceeds from exercise of stock options
23,497

 
—

 
11

 
—

 
23,508

Financing cash flows from (to) affiliates
2,420,952

 
1,904,164

 
(1,516,831
)
 
(2,808,285
)
 
—

Other financing activities, net
—

 
—

 
(98,966
)
 
—

 
(98,966
)
Net cash provided by (used in) financing activities
1,996,004

 
1,905,774

 
(1,609,510
)
 
(2,808,285
)
 
(516,017
)
Effect of exchange rates on cash and cash equivalents
(246,908
)
 
(2,643
)
 
248,430

 
—

 
(1,121
)
Net increase (decrease) in cash and cash equivalents
(29,743
)
 
(42,190
)
 
106,613

 
—

 
34,680

Cash and cash equivalents, beginning of period
638,714

 
210,462

 
744,552

 
—

 
1,593,728

Cash and cash equivalents, end of period
$
608,971

 
$
168,272

 
$
851,165

 
$
—

 
$
1,628,408


Condensed Consolidating Statements of Cash Flows for Fiscal Year Ended March 31, 2014
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
 
(In thousands)
Net cash provided by (used in) operating activities
$
459,748

 
$
(126,813
)
 
$
882,974

 
$
551

 
1,216,460

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment, net of proceeds from disposal
—

 
(222,197
)
 
(292,221
)
 
(585
)
 
(515,003
)
Acquisition and divestiture of businesses, net of cash acquired and cash held in divested business
—

 
(61,587
)
 
(171,845
)
 
—

 
(233,432
)
Investing cash flows from (to) affiliates
35,262

 
(1,237,006
)
 
(1,075,938
)
 
2,277,682

 
—

Other investing activities, net
—

 
(10,842
)
 
(24,655
)
 
—

 
(35,497
)
Net cash provided by (used in) investing activities
35,262

 
(1,531,632
)
 
(1,564,659
)
 
2,277,097

 
(783,932
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from bank borrowings and long-term debt
1,066,359

 
277

 
17

 
—

 
1,066,653

Repayments of bank borrowings and long-term debt and capital lease obligations
(492,034
)
 
(525
)
 
(45,021
)
 
—

 
(537,580
)
Payments for early repurchase of long-term debt
(503,423
)
 
(41,417
)
 
—

 
—

 
(544,840
)
Payments for repurchases of ordinary shares
(475,314
)
 
—

 
—

 
—

 
(475,314
)
Proceeds from exercise of stock options
28,140

 
—

 
—

 
—

 
28,140

Financing cash flows from (to) affiliates
(277,594
)
 
1,681,559

 
873,683

 
(2,277,648
)
 
—

Other financing activities, net
—

 
—

 
52,149

 
—

 
52,149

Net cash provided by (used in) financing activities
(653,866
)
 
1,639,894

 
880,828

 
(2,277,648
)
 
(410,792
)
Effect of exchange rates on cash and cash equivalents
57,055

 
2,641

 
(74,791
)
 
—

 
(15,095
)
Net increase (decrease) in cash and cash equivalents
(101,801
)
 
(15,910
)
 
124,352

 
—

 
6,641

Cash and cash equivalents, beginning of period
740,515

 
226,372

 
620,200

 
—

 
1,587,087

Cash and cash equivalents, end of period
$
638,714

 
$
210,462

 
$
744,552

 
$
—

 
$
1,593,728