Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PLEXUS CORP | plxs-20160402x10q.htm |
| EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxs-2016x10qxq2xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxs-2016x10qxq2xex312.htm |
| EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxs-2016x10qxq2xex322.htm |
| EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxs-2016x10qxq2xex311.htm |
Exhibit 99.1
PLEXUS CORP.
NON-GAAP SUPPLEMENTAL INFORMATION
(in thousands, except per share data)
(unaudited)
Return on Invested Capital ("ROIC") and Economic Return Calculations
Six Months Ended | Three Months Ended | Six Months Ended | ||||||||||||
April 2, 2016 | January 2, 2016 | April 4, 2015 | ||||||||||||
Operating income | $ | 44,870 | $ | 21,524 | $ | 58,234 | ||||||||
Restructuring charges | 3,424 | 1,507 | 1,691 | |||||||||||
Adjusted operating income | $ | 48,294 | $ | 23,031 | $ | 59,925 | ||||||||
x | 2 | x | 4 | x | 2 | |||||||||
Annualized operating income | $ | 96,588 | 92,124 | $ | 119,850 | |||||||||
Tax rate | x | 11 | % | x | 12 | % | x | 10 | % | |||||
Tax impact | 10,625 | 11,055 | 11,985 | |||||||||||
Operating income (tax effected) | $ | 85,963 | $ | 81,069 | $ | 107,865 | ||||||||
Average invested capital | $ | 743,112 | $ | 753,078 | $ | 745,441 | ||||||||
ROIC | 11.6 | % | 10.8 | % | 14.5 | % | ||||||||
Weighted average cost of capital ("WACC") | 11.0 | % | 11.0 | % | 11.0 | % | ||||||||
Economic return | 0.6 | % | (0.2 | )% | 3.5 | % | ||||||||
April 2, | January 2, | October 3, | July 4, | April 4, | January 3, | September 27, | ||||||||||||||||||||||
2016 | 2016 | 2015 | 2015 | 2015 | 2015 | 2014 | ||||||||||||||||||||||
Equity | $ | 871,111 | $ | 850,794 | $ | 842,272 | $ | 835,063 | $ | 808,468 | $ | 792,298 | $ | 781,133 | ||||||||||||||
Plus: | ||||||||||||||||||||||||||||
Debt—current | 2,300 | 2,864 | 3,513 | 4,281 | 4,774 | 4,793 | 4,368 | |||||||||||||||||||||
Debt—non-current | 259,565 | 259,289 | 259,257 | 259,284 | 260,025 | 260,990 | 262,046 | |||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Cash and cash equivalents | (409,796 | ) | (354,728 | ) | (357,106 | ) | (354,830 | ) | (356,296 | ) | (239,685 | ) | (346,591 | ) | ||||||||||||||
$ | 723,180 | $ | 758,219 | $ | 747,936 | $ | 743,798 | $ | 716,971 | $ | 818,396 | $ | 700,956 | |||||||||||||||
During the second quarter of fiscal 2016 average invested capital (April 2, 2016, January 2, 2016 and October 3, 2015) was $743,112. Second quarter fiscal 2015 average invested capital (April 4, 2015, January 3, 2015 and September 27, 2014) was $745,441.