$JBL

JABIL CIRCUIT INC

CIK:0000898293|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Net revenue	$ 8,751	$ 7,828	$ 25,338	$ 21,550
Cost of revenue	7,923	7,147	23,022	19,687
Gross profit	828	681	2,316	1,863
Operating expenses:
Selling, general and administrative	340	274	1,013	835
Research and development	9	7	23	22
Amortization of intangibles	23	17	65	45
Restructuring, severance and related charges	7	16	88	144
Loss (gain) from the divestiture of businesses	1	(45)	1	(45)
Acquisition and divestiture related charges	3	9	24	17
Operating income	445	403	1,102	845
Loss on securities	0	46	0	46
Other expense	28	30	88	74
Interest expense, net	51	37	128	112
Income before income tax	366	290	886	613
Income tax expense	91	68	243	174
Net income	275	222	643	439
Net loss attributable to noncontrolling interests, net of tax	0	0	(1)	0
Net income attributable to Jabil Inc.	$ 275	$ 222	$ 644	$ 439
Earnings per share attributable to the stockholders of Jabil Inc.:
Basic (in usd per share)	$ 2.61	$ 2.05	$ 6.07	$ 3.98
Diluted (in usd per share)	$ 2.59	$ 2.03	$ 6.01	$ 3.94
Weighted average shares outstanding:
Basic (in shares)	105.3	108.0	106.1	110.2
Diluted (in shares)	106.5	109.3	107.2	111.5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	May 31, 2026	Aug. 31, 2025	May 31, 2025	May 31, 2026	May 31, 2025	Aug. 31, 2025
Cash flows provided by operating activities:
Net income	$ 275		$ 222	$ 643	$ 439
Depreciation, amortization, and other, net				645	622
Loss (gain) from the divestiture of businesses	1		(45)	1	(45)
Change in operating assets and liabilities, exclusive of net assets acquired				(20)	36
Net cash provided by operating activities				1,269	1,052
Cash flows used in investing activities:
Acquisition of property, plant and equipment				(382)	(299)
Proceeds and advances from sale of property, plant and equipment				104	60
Cash paid for business and intangible asset acquisitions, net of cash				(852)	(393)
Proceeds from the divestiture of businesses, net of cash				0	54
Other, net				(16)	0
Net cash used in investing activities				(1,146)	(578)
Cash flows used in financing activities:
Borrowings under debt agreements				2,144	1,604
Payments toward debt agreements				(1,884)	(1,720)
Payments to acquire treasury stock				(891)	(975)
Dividends paid to stockholders				(27)	(28)
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan				39	33
Treasury stock minimum tax withholding related to vesting of restricted stock				(66)	(41)
Other, net				(16)	(38)
Net cash used in financing activities				(701)	(1,165)
Effect of exchange rate changes on cash and cash equivalents				5	13
Net decrease in cash and cash equivalents				(573)	(678)
Cash and cash equivalents at beginning of period		$ 1,523		1,933	2,201	$ 2,201
Cash and cash equivalents at end of period	$ 1,360	$ 1,933	$ 1,523	$ 1,360	$ 1,523	$ 1,933

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2026	Aug. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,360	$ 1,933
Accounts receivable, net of allowance for credit losses	5,473	4,039
Contract assets	1,467	1,057
Inventories, net of reserve for excess and obsolete inventory	5,933	4,681
Prepaid expenses and other current assets	3,925	2,010
Total current assets	18,158	13,720
Property, plant and equipment, net of accumulated depreciation of $5,127 as of May 31, 2026, and $4,970 as of August 31, 2025	2,899	2,847
Operating lease right-of-use assets	487	462
Goodwill	1,228	841
Intangible assets, net of accumulated amortization	627	273
Deferred income taxes	156	141
Other assets	264	259
Total assets	23,819	18,543
Current liabilities:
Current installments of notes payable and long-term debt	499	499
Accounts payable	11,908	7,937
Accrued expenses	6,006	5,185
Current operating lease liabilities	98	93
Total current liabilities	18,511	13,714
Notes payable and long-term debt, less current installments	2,879	2,386
Other liabilities	393	345
Non-current operating lease liabilities	416	388
Income tax liabilities	159	113
Deferred income taxes	134	80
Total liabilities	22,492	17,026
Commitments and contingencies
Jabil Inc. stockholders’ equity:
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding	0	0
Common stock, $0.001 par value, authorized 500,000,000 shares; 279,407,095 and 278,092,060 shares issued and 104,824,302 and 107,480,895 shares outstanding as of May 31, 2026 and August 31, 2025, respectively	0	0
Additional paid-in capital	3,192	3,047
Retained earnings	7,000	6,382
Accumulated other comprehensive loss	(20)	(17)
Treasury stock at cost, 174,582,793 and 170,611,165 shares as of May 31, 2026 and August 31, 2025, respectively	(8,849)	(7,899)
Total Jabil Inc. stockholders’ equity	1,323	1,513
Noncontrolling interests	4	4
Total equity	1,327	1,517
Total liabilities and equity	$ 23,819	$ 18,543