JABIL INC
For the period ended Aug 31, 2024. Filed Oct 28, 2024.
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FY2024 · Filed Oct 28, 2024
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Item 15. Exhibits and Financial Statement Schedules
(a) The following documents are filed as part of this Report:
Financial Statements. Our consolidated financial statements, and related notes thereto, with the independent registered public accounting firm reports thereon are included in Part IV of this report on the pages indicated by the Index to Consolidated Financial Statements and Schedule.
Financial Statement Schedule. Our financial statement schedule is included in Part IV of this report on the page indicated by the Index to Consolidated Financial Statements and Schedule. This financial statement schedule should be read in conjunction with our consolidated financial statements, and related notes thereto.
Schedules not listed in the Index to Consolidated Financial Statements and Schedule have been omitted because they are not applicable, not required, or the information required to be set forth therein is included in the consolidated financial statements or notes thereto.
- Exhibits. See Item 15(b) below.
(b)Exhibits. The following exhibits are included as part of, or incorporated by reference into, this Report.
(c)Financial Statement Schedules. See Item 15(a) above.
EXHIBIT LIST
| Incorporated by Reference Herein | |||||||
|---|---|---|---|---|---|---|---|
| Exhibit No. · Description · Form · Exhibit · Filing Date/ Period End | |||||||
| 3.1 | Registrant’s Certificate of Incorporation, as amended. | 10-Q | 3.1 | 5/31/2017 | |||
| 3.2 | Registrant’s Amended and Restated Bylaws. | 8-K | 3.1 | 10/23/2024 | |||
| 4.1 | Form of Certificate for Shares of the Registrant’s Common Stock. (P) | S-1 | 1 | 3/17/1993 | |||
| 4.2 | Indenture, dated January 16, 2008, with respect to Senior Debt Securities of the Registrant, between the Registrant and U.S. Bank National Association (as successor in interest to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust) Company, N.A.), as trustee. | 8-K | 4.2 | 1/17/2008 | |||
| 4.3 | Form of 4.250% Registered Senior Notes due 2027 (included as Exhibit A to the Officers’ Certificate filed herewith as Exhibit 4.9). | 8-K | 4.1 | 5/4/2022 | |||
| 4.4 | Form of 5.450% Senior Notes due 2029 (included as Exhibit A to the Officers’ Certificate filed herewith as Exhibit 4.10). | 8-K | 4.1 | 4/13/2023 | |||
| 4.5 | Officers’ Certificate, dated as of January 17, 2018, establishing the 3.950% Senior Notes due 2028. | 8-K | 4.1 | 1/17/2018 | |||
| 4.6 | Officers’ Certificate, dated as of January 15, 2020, establishing the 3.600% Senior Notes due 2030. | 8-K | 4.1 | 1/15/2020 | |||
| 4.7 | Officers’ Certificate, dated as of July 13, 2020, establishing the 3.000% Senior Notes due 2031. | 8-K | 4.1 | 7/13/2020 | |||
| 4.8 | Officers’ Certificate, dated as of April 14, 2021, establishing the 1.700% Senior Notes due 2026. | 8-K | 4.1 | 4/14/2021 | |||
| 4.9 | Officers’ Certificate, dated as of May 4, 2022, establishing the 4.250% Senior Notes due 2027. | 8-K | 4.1 | 5/4/2022 | |||
| 4.10 | Officers’ Certificate, dated as of April 13, 2023, establishing the 5.450% Senior Notes due 2029. | 8-K | 4.1 | 4/13/2023 | |||
| 4.11 | Description of Jabil Securities. | 10-K | 4.9 | 8/31/2021 | |||
| 10.1† | Restated cash or deferred profit sharing plan under section 401(k). (P) | S-1 | 3/3/1993 | ||||
| 10.2† · Form of Indemnification Agreement between the Registrant and its Officers and Directors. (P) · S-1 · 3/3/1993 | ||||
|---|---|---|---|---|
| 10.3† | Jabil Inc. 2011 Employee Stock Purchase Plan, as amended. | 14A | B | 12/9/2020 |
| 10.4† | Jabil Inc. 2021 Equity Incentive Plan. | 14A | A | 12/9/2020 |
| 10.4a†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU EPS – Executive). | 10-Q | 10.1 | 11/30/2021 |
| 10.4b†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU TSR – Executive). | 10-Q | 10.2 | 11/30/2021 |
| 10.4c† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU-NON-Employee Director). | 10-Q | 10.3 | 11/30/2021 |
| 10.4d† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU Executive). | 10-Q | 10.5 | 11/30/2021 |
| 10.4e† | Form of Jabil Inc. Two-Year Cliff Restricted Stock Unit Award Agreement (TBRSU – Global Executive). | 10-Q | 10.1 | 5/31/2022 |
| 10.4f†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU EPS – Executive). | 10-Q | 10.1 | 11/30/2022 |
| 10.4g†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU TSR – Executive). | 10-Q | 10.2 | 11/30/2022 |
| 10.4h† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU Executive). | 10-Q | 10.3 | 11/30/2022 |
| 10.4i† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU-NON-Employee Director). | 10-Q | 10.4 | 11/30/2022 |
| 10.4j† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU-Cash-Settled-NON-Employee Director). | 10-Q | 10.5 | 11/30/2022 |
| 10.4k†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU EPS – Executive). | 10-Q | 10.1 | 11/30/2023 |
| 10.4l†** | Form of Jabil Inc. Restricted Stock Unit Award Agreement (PBRSU TSR – Executive). | 10-Q | 10.2 | 11/30/2023 |
| 10.4m† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU Executive). | 10-Q | 10.3 | 11/30/2023 |
| 10.4n† | Form of Jabil Inc. Two-Year Cliff Restricted Stock Unit Award Agreement (TBRSU – Executive). | 10-Q | 10.4 | 11/30/2023 |
| 10.4o† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU-NON-Employee Director). | 10-Q | 10.5 | 11/30/2023 |
| 10.4p† | Form of Jabil Inc. Restricted Stock Unit Award Agreement (TBRSU-Cash-Settled-NON-Employee Director). | 10-Q | 10.6 | 11/30/2023 |
| 10.5† | Executive Deferred Compensation Plan. | S-8 | 4.1 | 2/25/2011 |
| 10.6 | Amendment No. 3 to Credit Agreement dated as of February 23, 2024 among Jabil Inc.; the lenders named therein; Citibank, N.A., as administrative agent; Sumitomo Mitsui Banking Corporation and Citibank, N.A., as sustainability agents; JPMorgan Chase Bank, N.A. and Bank of America, N.A., as co-syndication agents; BNP Paribas, Credit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and U.S. Bank National Association, as documentation agents; and Citibank, N.A., JPMorgan Chase Bank, N.A., BofA Securities, Inc., BNP Paribas Securities Corp., Credit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and U.S. Bank National Association, as joint lead arrangers and joint bookrunners. | 8-K | 10.1 | 2/26/2024 |
| 10.7*** | Agreement for the Sale and Purchase of Shares in Juno Newco Target Holdco Singapore Pte. Ltd. and certain Assets of Jabil Circuit (Singapore) Pte. Ltd., dated as of September 26, 2023, by and between BYD Electronic (International) Company Limited and Jabil Circuit (Singapore) Pte. Ltd., a Singapore private limited company. | 10-K | 10.9 | 8/31/2023 |
| 10.8†** | Mutual Separation Agreement and Release dated as of August 21, 2023, between Jabil Inc. and Steven Borges. | 8-K | 10.1 | 8/25/2023 |
| 10.9†** | Separation, Release and Restrictive Covenants Agreement between Kenneth S. Wilson and Jabil Inc. dated May 19, 2024. | 8-K | 10.1 | 5/20/2024 |
| 10.10† | Amendment to Mutual Separation Agreement and Release dated as of May 19, 2024 between Jabil Inc. and Steven D. Borges. | 8-K | 10.2 | 5/20/2024 |
| 10.11†** | Mutual Separation Agreement and Release dated May 24, 2024, between Jabil Inc. and Gerald (“JJ”) Creadon. | 8-K | 10.1 | 5/31/2024 |
| 19.1* | Insider Trading Policy | |||
| 21.1* | List of Subsidiaries. | |||
| 23.1* | Consent of Independent Registered Public Accounting Firm. | |||
| 24.1* | Power of Attorney (See Signature page). | |||
| 31.1* | Rule 13a-14(a)/15d-14(a) Certification by the Chief Executive Officer of the Registrant. | |||
| 31.2* | Rule 13a-14(a)/15d-14(a) Certification by the Chief Financial Officer of the Registrant. | |||
| 32.1* | Section 1350 Certification by the Chief Executive Officer of the Registrant. | |||
| 32.2* | Section 1350 Certification by the Chief Financial Officer of the Registrant. | |||
| 97.1* | Executive Compensation Recoupment (Clawback) Policy. | |||
| 101 | The following financial information from Jabil’s Annual Report on Form 10-K for the fiscal period ended August 31, 2024, formatted in Inline XBRL: (i) Consolidated Balance Sheets as of August 31, 2024 and August 31, 2023; (ii) Consolidated Statements of Operations for the fiscal years ended August 31, 2024, 2023 and 2022; (iii) Consolidated Statements of Comprehensive Income for the fiscal years ended August 31, 2024, 2023 and 2022; (iv) Consolidated Statements of Comprehensive Stockholders’ Equity for the fiscal years ended August 31, 2024, 2023 and 2022; (v) Consolidated Statements of Cash Flows for the fiscal years ended August 31, 2024, 2023 and 2022; and (vi) Notes to Consolidated Financial Statements. | |||
| 104 | Cover Page Interactive Data File (Embedded within the inline XBRL Document in Exhibit 101). | |||
| † | Indicates management compensatory plan, contract of arrangement. | |||
| * | Filed or furnished herewith. | |||
| ** | Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. Jabil agrees to furnish supplementally an unredacted copy of the exhibit to the Securities and Exchange Commission upon request. | |||
| *** | Portions of the exhibit have been omitted. An unredacted copy of the agreement and a copy of any omitted schedule or exhibit will be furnished to the Securities and Exchange Commission upon request. | |||
Certain instruments with respect to long-term debt of the Company and its consolidated subsidiaries are not filed herewith pursuant to Item 601(b)(4)(iii) of Regulation S-K since the total amount of securities authorized under each such instrument does not exceed 10% of the total assets of the Company and its subsidiaries on a consolidated basis. The Company agrees to furnish a copy of any such instrument to the SEC upon request.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND SCHEDULE
| Management’s Report on Internal Control over Financial Reporting | 54 |
|---|---|
| Reports of Independent Registered Public Accounting Firm (Ernst & Young LLP; PCAOB ID: 42) | 55 |
| Consolidated Financial Statements: | |
| Consolidated Balance Sheets – August 31, 2024 and 2023 | 58 |
| Consolidated Statements of Operations – Fiscal years ended August 31, 2024, 2023, and 2022 | 59 |
| Consolidated Statements of Comprehensive Income – Fiscal years ended August 31, 2024, 2023, and 2022 | 60 |
| Consolidated Statements of Stockholders’ Equity – Fiscal years ended August 31, 2024, 2023, and 2022 | 61 |
| Consolidated Statements of Cash Flows – Fiscal years ended August 31, 2024, 2023, and 2022 | 62 |
| Notes to Consolidated Financial Statements | 63 |
| Financial Statement Schedule: | |
| Schedule II – Valuation and Qualifying Accounts | 97 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.