Flex Ltd. logo FLEX - Flex Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $145.17 DETAILS
HIGH: $180.00
LOW: $80.00
MEDIAN: $169.50
CONSENSUS: $145.17
UPSIDE: 3.38%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 27,914 25,813 26,415 28,502 24,633 24,124 24,210 26,211 25,441.1 23,862.9 24,418.9 26,147.9 26,108.6 23,569.5 29,343.0 28,442.6 24,009.8 30,948.6 27,558.1 18,853.7 15,288.0 15,730.7 14,479.3 13,378.7 13,104.8 12,109.7 6,959.1 3,952.8 1,335.8 640.0 572 237.4 122.9 93.3
Cost of Revenue 25,356 23,654 24,550 26,526 22,853 22,437 22,871 24,693 23,845.2 22,342.0 22,810.8 24,602.6 24,668.4 22,403.2 27,825.1 26,859.3 22,798.2 29,668.1 25,972.8 17,924.7 14,540.1 14,798.9 14,150.9 12,650.4 12,225.0 11,127.9 6,335.2 3,512.2 1,216.6 575.1 503.8 209.5 107.8 80.9
Gross Profit 2,558 2,159 1,865 1,976 1,780 1,687 1,339 1,518 1,595.9 1,520.9 1,608.1 1,545.3 1,440.2 1,166.2 1,518.0 1,583.3 1,211.6 1,280.4 1,176.4 929.0 747.9 931.8 328.3 728.3 879.9 981.8 623.9 440.6 119.2 64.9 68.2 27.9 15.1 12.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,052 904 922 874 830 817 834 953 1,019.4 937.3 954.9 844.5 874.8 805.2 877.6 801.8 755.1 979.1 807.0 547.5 463.9 525.6 469.2 456.2 443.6 430.1 320.0 240.5 62.3 42.1 30.7 11.6 6.5 5.3
Other Expenses 0 86 90 85 60 75 90 74 78.6 81.4 66.0 32.0 28.9 29.5 49.6 66.2 89.6 135.9 112.3 37.1 37.2 33.5 34.5 22.1 12.6 63.5 41.3 29.2 3.7 2.6 13.9 6.1 3.4 3.7
Operating Expenses 1,052 990 1,012 959 890 892 924 1,027 1,098.0 1,018.7 1,020.9 876.5 903.7 834.8 927.1 868.0 844.7 1,114.9 919.3 584.6 501.1 559.1 503.8 478.3 456.2 493.6 361.3 269.7 65.9 44.8 44.6 17.7 9.9 9
Operating Income
Operating Income 1,506 1,169 853 1,017 890 795 415 491 497.8 502.2 587.2 668.8 536.5 331.5 590.8 715.4 366.9 165.5 666.0 344.4 246.8 372.7 (175.4) 250.0 423.7 488.2 262.6 170.9 53.3 20.1 23.6 10.2 5.2 3.4
Interest Expense 215 218 161 191 160 150 146.0 145.7 123.1 108 98 76.4 79.9 68.9 70.6 96.1 158.1 202 185.4 92.0 93.0 90.0 25.9 92.8 91.9 0 0 0 0 0 0 0.7 1.8 0
Interest Income 51 61 56 30 14 14 19.4 19.5 18.8 12.1 12.3 18.7 17.6 20 21.9 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,069 1,780 1,410 1,538 1,614 1,444 1,067 1,093 1,199.4 1,088.5 1,054.8 1,262.6 926.9 951.4 1,132.7 1,180.9 852.4 (5,204.8) 870.1 766.1 637.6 748.5 489.1 670.1 907.3 1,012.2 454.2 353.3 88.8 38.2 37.5 16.3 8.6 7.1
EBIT 1,506 1,241 873 1,037 1,130 875 441 328 644.0 478.8 539.5 722.1 462.4 385.1 610.7 709.3 144.9 (5,898.4) 157.2 344.4 246.8 372.7 (175.4) 250.0 423.7 488.2 262.6 170.9 53.3 20.1 23.6 10.2 5.2 3.4
Income Before Tax 1,143 1,023 666 807 964 714 159 182 520.9 370.8 454.7 670.7 400.5 328.8 574.7 634.3 (10.7) (6,130.3) 65.7 325.0 164.7 262.8 (411.4) (147.2) (242.6) (552.3) 181.6 39.4 24.8 13.6 (10.3) 7.7 3.2 1.6
Income Tax Expense 263 185 (206) 124 92 101 71 89 92.4 51.3 10.6 69.9 34.9 26.3 54.0 22.0 (35.7) 5.2 705.0 4.1 54.2 (68.7) (65.0) (63.8) (88.9) (106.3) 23.1 (11.6) 2.3 2.0 3.8 1.5 0.7 0.3
Net Income 880 838 1,006 793 936 613 88 93 428.5 319.6 444.1 600.8 365.6 277.1 488.8 596.2 18.6 (6,135.5) (639.4) 508.6 141.2 339.9 (352.4) (83.5) (153.7) (446.0) 158.6 51.0 22.4 11.6 (14.1) 6.2 2.9 1.3
Per Share Data
EPS (Basic) 2.33 2.14 2.47 1.75 1.97 1.23 0.17 0.18 0.81 0.59 0.80 1.04 0.60 0.42 0.68 0.77 0.02 -7.41 -0.89 0.86 0.25 0.61 -0.67 -0.16 -0.31 -1.01 0.44 0.33 0.14 0.09 -0.12 0.07 0.07 0.03
EPS (Diluted) 2.33 2.11 2.28 1.72 1.94 1.21 0.17 0.18 0.80 0.59 0.79 1.02 0.59 0.41 0.67 0.75 0.02 -7.41 -0.89 0.85 0.24 0.58 -0.67 -0.16 -0.31 -1.01 0.42 0.32 0.13 0.09 -0.12 0.07 0.07 0.03
Shares Outstanding 374 391 408.1 454 476 499 508.8 518.9 529.8 540.5 557.7 580.0 610.5 662.9 716.2 777.3 811.7 821.0 720.5 588.6 573.5 552.9 525.9 517.2 489.6 442.0 356.3 183.7 146.1 129.1 117.5 88.6 41.4 43.3
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 2,389 2,289 2,474 3,164 2,964 2,637 1,923 1,696.6 1,472.4 1,830.7 1,607.6 1,821.9 1,719.9 615.3 424.0 745.1 631.6 747.0 194.5 89.4 24.2 6.5 4.8 29.1 2.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 4,679 4,287 3,282 3,723 3,890 4,241 2,718 2,829.2 2,517.7 2,192.7 2,044.8 2,316.9 3,550.9 1,871.6 1,417.1 1,866.6 1,651.3 1,057.9 302.4 155.1 87.5 78.1 44.3 28.9 18.6
Inventory 5,845 5,071 6,205 7,388 6,580 3,895 3,785 3,722.9 3,799.8 3,396.5 3,491.7 2,996.8 4,118.6 1,179.5 1,141.6 1,292.2 1,787.1 840.6 250.4 157.1 124.4 52.6 30.2 21.1 13.6
Other Current Assets 3,419 1,194 1,031 1,758 903 590 660 854.8 1,380.5 967.9 1,171.1 799.4 923.5 595.3 496.1 649.3 386.2 275.2 62.5 37.9 18.4 4.2 4.6 1.6 0
Total Current Assets 16,332 12,841 12,992 16,033 14,337 11,363 9,086 9,103.4 9,170.4 8,387.8 8,315.1 7,935.0 10,312.9 4,261.7 3,478.8 4,553.2 4,456.0 2,298.7 654.0 439.5 254.4 141.4 83.9 80.7 34.7
Non-Current Assets
Property, Plant & Equipment 3,164 2,892 2,870 2,947 2,762 2,739 2,821 2,336.2 2,239.5 2,317.0 2,257.6 2,333.8 2,465.7 1,625 1,965.7 2,032.5 1,828.4 599.3 367.5 255.6 149.0 61.1 25.8 10.5 10.3
Goodwill 1,369 1,341 1,135 1,139 1,342 1,090 1,065 1,073.1 1,121.2 984.9 942.1 36.8 5,559.4 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 283 343 245 315 411 213 262 331.0 424.4 362.2 403.8 254.7 317.4 2,721.4 2,192.9 1,538.1 983.4 390.4 38.8 26.6 33.5 25.6 5.6 6.2 2.8
Long-Term Investments 0 119 123 115 131 107.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 912 845 892 858 342 323.2 456 655.7 760.3 541.5 466.4 756.7 837.0 371.0 341.7 207.9 303.8 198.1 36.3 22.5 9.4 2.7 0.8 3.5 1
Total Non-Current Assets 5,728 5,540 5,265 5,374 4,988 4,473 4,604 4,395.9 4,545.4 4,205.6 4,069.9 3,382.5 9,212.0 5,322.2 4,915.3 4,091.5 3,115.6 788.4 440.3 304.6 191.9 73.2 32.2 20.2 14.1
Total Assets 22,060 18,381 18,257 21,407 19,325 15,836 13,690 13,499.4 13,715.9 12,593.4 12,385.0 11,317.5 19,524.9 9,583.9 8,394.1 8,644.7 7,571.7 3,087.1 1,094.4 744.1 446.3 214.6 116.1 100.9 48.8
Current Liabilities
Account Payables 8,055 5,147 4,468 5,724 6,254 5,247 5,108 5,147.2 5,122.3 4,484.9 4,248.3 4,049.5 5,311.3 2,145.2 1,601.9 1,962.6 1,480.5 1,227.1 349.5 177.1 97.9 64.6 38.5 34 15.9
Short-Term Debt 0 1,209 0 150 949 268 149 632.6 43.0 61.5 65.2 208.4 28.6 104.5 60.1 299.0 325.7 511.8 95.5 52.8 136.8 32.2 5.9 11.5 15.3
Deferred Revenue 2,156 1,957 2,615 2,955 2,002 848 0 0 0 0 0 0 0 0 0 0 4.9 4.4 6.0 0 2.0 0 0 0 0
Other Current Liabilities 1,805 977 968 1,532 1,036 998 1,590 1,426.1 1,719.4 1,613.9 1,905.2 1,814.7 1,661.4 863.3 919.0 896.6 54.6 45.7 0 0.4 0.5 13.8 6.1 0.6 0.6
Total Current Liabilities 12,016 9,850 8,539 10,867 10,711 7,834 7,211 7,597.5 7,268.1 6,504.6 6,572.2 6,414.7 7,401.0 3,376.9 2,581.0 3,158.3 2,541.3 2,061.2 557.3 315.0 284.6 113.7 50.5 46.1 31.8
Non-Current Liabilities
Long-Term Debt 565 2,483 3,261 3,544 3,248 3,515 2,689 2,421.9 2,897.6 2,890.6 2,709.4 2,733.7 3,388.3 1,609.2 1,041.9 843.1 879.5 593.8 188.8 166.5 9.0 18.4 6.9 1.1 13.6
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 4.5 4.8 3.7 1.3 1 0.5 0.1
Other Non-Current Liabilities 4,335 590 642 786 608 489 430 507.6 531.6 519.9 497.9 313.3 571.1 215.5 221.2 167.6 82.7 47.1 10.9 18.8 28.3 24.1 0 0.2 0
Total Non-Current Liabilities 4,900 3,529 4,393 4,834 4,407 4,566 3,648 2,929.5 3,429.2 3,410.5 3,207.2 3,068.6 3,959.5 1,839.8 1,271.1 1,030.9 1,000.0 697.1 235.3 213.3 61.2 29.6 7.9 1.8 13.7
Total Liabilities 16,916 13,379 12,932 15,701 15,118 12,400 10,859 10,527.0 10,697.3 9,915.1 9,779.5 9,483.3 11,360.5 5,216.7 3,852.1 4,189.2 3,541.3 1,490.4 624.1 528.3 345.8 143.3 58.4 47.9 45.5
Stockholders' Equity
Common Stock 0 4,142 5,074 6,493 6,052 6,232 6,336 6,523.8 6,636.7 6,733.5 6,987.2 8,610.0 0 3.1 3.1 3.0 2.9 2.5 0.6 0.1 0.1 0 0 0 0
Retained Earnings 0 1,284 446 (560) (1,353) (2,289) (2,902) (3,012.0) (3,144.1) (3,572.6) (3,892.2) (6,458.3) (372.2) (722.5) (370.1) (286.6) (132.9) 373.7 97.8 6.9 (7.0) (20.7) (5.2) 6.2 3.3
Accumulated Other Comprehensive Income 0 (224) (195) (194) (182) (119) (215) (151.2) (85.8) (128.1) (135.9) (57.4) (2.1) 71.6 (39.6) (159.7) (106.5) 3.4 (23.8) (6.7) (0.3) 0 0 0 0
Total Stockholders' Equity 5,144 5,002 5,325 5,351 4,129 3,436 2,831 2,972.4 3,018.6 2,644.5 2,570.9 1,861.2 8,164.4 4,367.2 4,542.0 4,455.5 4,030.4 2,376.6 500.0 214.8 99.3 73.1 57.7 53 3.3
Total Liabilities & Equity 22,060 18,381 18,257 21,407 19,325 15,836 13,690 13,499.4 13,715.9 12,593.4 12,385.0 11,316.9 19,524.9 9,583.9 8,394.1 8,644.7 7,571.7 5,134.9 1,296.6 744.1 446.3 231 116.1 100.9 48.8
Debt Metrics
Total Debt 565 4,148 3,751 4,198 4,748 4,345 3,367 3,054.5 2,940.6 2,952.1 2,774.6 2,942.1 3,416.9 1,728.8 1,110.0 1,162.3 1,243.0 1,157.1 315.4 242.5 165.9 50.6 12.8 12.6 28.9
Net Debt (1,824) 1,859 1,277 1,034 1,784 1,708 1,444 1,357.9 1,468.2 1,121.5 1,167.0 1,120.2 1,697.0 1,113.5 685.9 417.2 611.4 410.0 120.9 153.1 141.8 44.1 8 (16.5) 26.4
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 880 838 1,245 1,033 936 613 88 93.4 428.5 319.6 444.1 339.9 (352.4) (83.5) (153.7) (446.0) 120.9 51.5 19.9 11.6 (14.1) 6.2 2.5 1.3
Depreciation & Amortization 563 539 537 501 484 569 626 507.8 555.4 609.7 515.4 375.8 664.6 420.2 483.6 524.1 82.7 50.4 30.9 18.1 13.9 6.1 3.4 3.7
Stock-Based Compensation 0 125 152 133 91 79 71 76.0 81.3 77.3 77.6 2.2 1.8 0 5.1 0 0 0 0 0 0 0 0 0
Change in Working Capital 242 (165) (251) (615) (516) (1,115) (2,431) (3,927) (153.3) 156.7 66.9 86.8 (42.0) 330.4 550.7 (835.2) (313.0) (42.4) (26.1) 12.8 (30.2) (17.2) 0.2 (4.6)
Other Non-Cash Items 0 145 123 90 73 10 107 301.2 (201.6) 6.7 96.8 3.7 12.9 33.4 155.9 467.2 47.6 6.4 12.6 12.8 34.1 1.5 0.3 (0.3)
Operating Cash Flow 1,685 1,505 1,326 950 1,024 144 (1,533) (2,971.0) 753.6 1,149.9 1,136.4 724.3 187.7 607.8 858.9 (469.7) (67.4) 65.4 38.3 46.7 2.4 (3.4) 6.4 0.1
Investing Activities
Capital Expenditure (633) (438) (530) (635) (443) (351) (462) (725.6) (562.0) (525.1) (510.6) (289.7) (181.5) (208.3) (330.4) (711.2) (250.5) (147.9) (98.6) (27.0) (15.8) (7.5) (5) (1.9)
Acquisitions (32) (405) 12 4 (539) (3) 2 254.4 (271.3) (189.1) (910.8) (469.0) (120.0) (501.6) (314.5) (158.9) (256.7) (46.2) (6.2) (82.4) 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (26.4) 0 0 (17.5) (3.6) (0.0) (1.2) 0 (2.6) (0.4)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46.9 0 0 0 1.6 0 0 0 0 0
Other Investing Activities (7) 5 26 27 31 152 2,739 3,724.2 (75.7) 12.0 25.0 20.4 (102.3) (103.1) (458.9) (279.2) (65.1) (102.0) 2.2 2.3 (15.1) (2.7) 2.3 0
Investing Cash Flow (672) (838) (492) (604) (951) (202) 2,279 3,252.9 (909.0) (702.2) (1,396.4) (738.3) (403.8) (813.0) (1,083.3) (1,149.3) (880.2) (204.6) (104.7) (117.6) (39.8) (10.2) (5.3) (2.3)
Financing Activities
Net Debt Issuance 34 441 (407) (306) 475 923 (246) 139 (55.0) 171.0 694.5 (6.6) 333.6 (131.4) (80.1) (62.3) 181.5 299.0 29.7 82.0 10.6 (16.3) (13.1) 1.7
Stock Repurchased (944) (1,257) (1,298) (337) (686) (183) (260) (189) (180.1) (349.5) (420.3) 0 0 0 0 0 0 (24.3) 0 0 (1.2) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (0.2) (26.6) (9.2) (0.8) 0 0 0 0 0
Other Financing Activities (14) (5) 49 645 3 3 (2) 20.3 47.2 (63.6) (24.5) (13.2) 0 0 (112) 100 1.0 0 6.5 (4.4) 0.1 0 0 0
Financing Cash Flow (924) (821) (1,656) 2 280 743 (508) (29.7) (187.8) (242.1) 249.6 316.3 394.8 (103.5) 369.3 1,537.7 1,351.6 501.8 133.5 79.0 34 (10.8) 25.5 1.7
Cash Position
Net Change in Cash 100 (185) (820) 330 327 714 226 224.2 (358.3) 223.1 (20.8) 254.0 191.3 (321.1) 113.5 (115.5) 424.1 83.6 65.2 17.1 (3.5) (2.5) 25.5 1.7
Cash at Beginning 2,289 2,474 3,294 2,964 2,637 1,923 1,697 1,472.4 1,830.7 1,607.6 1,628.4 615.3 424.0 745.1 631.6 747.0 194.5 89.4 24.2 6.5 12.2 29.2 2.5 3
Cash at End 2,389 2,289 2,474 3,294 2,964 2,637 1,923 1,696.6 1,472.4 1,830.7 1,607.6 869.3 615.3 424.0 745.1 631.6 618.6 173.0 89.4 23.6 6.6 26.7 28 4.7
Free Cash Flow 1,052 1,067 796 315 581 (207) (1,995) (3,696.6) 191.6 624.8 625.8 434.6 6.2 399.5 528.5 (1,181.0) (317.9) (82.5) (60.3) 19.7 (16.5) (10.9) 1.4 (1.8)
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 27,914 25,813 26,415 28,502 24,633 24,124 24,210 26,211 25,441.1 23,862.9 24,418.9 26,147.9 26,108.6 23,569.5 29,343.0 28,442.6 24,009.8 30,948.6 27,558.1 18,853.7 15,288.0 15,730.7 14,479.3 13,378.7 13,104.8 12,109.7 6,959.1 3,952.8 1,335.8 640.0 572 237.4 122.9 93.3
Gross Profit 2,558 2,159 1,865 1,976 1,780 1,687 1,339 1,518 1,595.9 1,520.9 1,608.1 1,545.3 1,440.2 1,166.2 1,518.0 1,583.3 1,211.6 1,280.4 1,176.4 929.0 747.9 931.8 328.3 728.3 879.9 981.8 623.9 440.6 119.2 64.9 68.2 27.9 15.1 12.4
Operating Income 1,506 1,169 853 1,017 890 795 415 491 497.8 502.2 587.2 668.8 536.5 331.5 590.8 715.4 366.9 165.5 666.0 344.4 246.8 372.7 (175.4) 250.0 423.7 488.2 262.6 170.9 53.3 20.1 23.6 10.2 5.2 3.4
Net Income 880 838 1,006 793 936 613 88 93 428.5 319.6 444.1 600.8 365.6 277.1 488.8 596.2 18.6 (6,135.5) (639.4) 508.6 141.2 339.9 (352.4) (83.5) (153.7) (446.0) 158.6 51.0 22.4 11.6 (14.1) 6.2 2.9 1.3
EPS (Diluted) 2.33 2.11 2.28 1.72 1.94 1.21 0.17 0.18 0.80 0.59 0.79 1.02 0.59 0.41 0.67 0.75 0.02 -7.41 -0.89 0.85 0.24 0.58 -0.67 -0.16 -0.31 -1.01 0.42 0.32 0.13 0.09 -0.12 0.07 0.07 0.03
Balance Sheet
Cash & Equivalents 2,389 2,289 2,474 3,164 2,964 2,637 1,923 1,696.6 1,472.4 1,830.7 1,607.6 1,821.9 1,719.9 615.3 424.0 745.1 631.6 747.0 194.5 89.4 24.2 6.5 4.8 29.1 2.5
Total Assets 22,060 18,381 18,257 21,407 19,325 15,836 13,690 13,499.4 13,715.9 12,593.4 12,385.0 11,317.5 19,524.9 9,583.9 8,394.1 8,644.7 7,571.7 3,087.1 1,094.4 744.1 446.3 214.6 116.1 100.9 48.8
Total Debt 565 4,148 3,751 4,198 4,748 4,345 3,367 3,054.5 2,940.6 2,952.1 2,774.6 2,942.1 3,416.9 1,728.8 1,110.0 1,162.3 1,243.0 1,157.1 315.4 242.5 165.9 50.6 12.8 12.6 28.9
Stockholders' Equity 5,144 5,002 5,325 5,351 4,129 3,436 2,831 2,972.4 3,018.6 2,644.5 2,570.9 1,861.2 8,164.4 4,367.2 4,542.0 4,455.5 4,030.4 2,376.6 500.0 214.8 99.3 73.1 57.7 53 3.3
Cash Flow
Operating Cash Flow 1,685 1,505 1,326 950 1,024 144 (1,533) (2,971.0) 753.6 1,149.9 1,136.4 724.3 187.7 607.8 858.9 (469.7) (67.4) 65.4 38.3 46.7 2.4 (3.4) 6.4 0.1
Capital Expenditure (633) (438) (530) (635) (443) (351) (462) (725.6) (562.0) (525.1) (510.6) (289.7) (181.5) (208.3) (330.4) (711.2) (250.5) (147.9) (98.6) (27.0) (15.8) (7.5) (5) (1.9)
Free Cash Flow 1,052 1,067 796 315 581 (207) (1,995) (3,696.6) 191.6 624.8 625.8 434.6 6.2 399.5 528.5 (1,181.0) (317.9) (82.5) (60.3) 19.7 (16.5) (10.9) 1.4 (1.8)