Attached files
file | filename |
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EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxs-2016x10qxq3xex321.htm |
10-Q - 10-Q - PLEXUS CORP | plxs-20160702x10q.htm |
EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxs-2016x10qxq3xex322.htm |
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxs-2016x10qxq3xex312.htm |
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxs-2016x10qxq3xex311.htm |
EX-10.3 - EXHIBIT 10.3 - PLEXUS CORP | plxs-2016x10qxq3xex103.htm |
EX-10.2 - EXHIBIT 10.2 - PLEXUS CORP | plxs-2016x10qxq3xex102.htm |
EX-10.1 - EXHIBIT 10.1 - PLEXUS CORP | plxs-2016x10qxq3xex101.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
Nine Months Ended | Six Months Ended | Nine Months Ended | ||||||||||||
July 2, 2016 | April 2, 2016 | July 4, 2015 | ||||||||||||
Operating profit, as reported | $ | 75,788 | $ | 44,870 | $ | 86,865 | ||||||||
Restructuring charges, as reported | 5,229 | 3,424 | 1,691 | |||||||||||
Adjusted operating profit | $ | 81,017 | $ | 48,294 | $ | 88,556 | ||||||||
÷ | 3 | ÷ | 3 | |||||||||||
$ | 27,006 | $ | 29,519 | |||||||||||
x | 4 | x | 2 | x | 4 | |||||||||
Annualized adjusted operating profit | $ | 108,024 | 96,588 | $ | 118,076 | |||||||||
Tax rate | x | 11 | % | x | 11 | % | x | 11 | % | |||||
Tax impact | 11,883 | 10,625 | 12,988 | |||||||||||
Adjusted operating profit (tax effected) | $ | 96,141 | $ | 85,963 | $ | 105,088 | ||||||||
Average invested capital | $ | 738,397 | $ | 743,112 | $ | 745,030 | ||||||||
ROIC | 13.0 | % | 11.6 | % | 14.1 | % | ||||||||
Weighted average cost of capital ("WACC") | 11.0 | % | 11.0 | % | 11.0 | % | ||||||||
Economic return | 2.0 | % | 0.6 | % | 3.1 | % |
July 2, | April 2, | January 2, | October 3, | ||||||||||||
2016 | 2016 | 2016 | 2015 | ||||||||||||
Equity | $ | 895,175 | $ | 871,111 | $ | 850,794 | $ | 842,272 | |||||||
Plus: | |||||||||||||||
Debt—current | 78,279 | 2,300 | 2,864 | 3,513 | |||||||||||
Debt—long-term | 184,479 | 259,565 | 259,289 | 259,257 | |||||||||||
Less: | |||||||||||||||
Cash and cash equivalents | (433,679 | ) | (409,796 | ) | (354,728 | ) | (357,106 | ) | |||||||
Average invested capital | $ | 724,254 | $ | 723,180 | $ | 758,219 | $ | 747,936 |
July 4, | April 4, | January 3, | September 27, | ||||||||||||
2015 | 2015 | 2015 | 2014 | ||||||||||||
Equity | $ | 835,063 | $ | 808,468 | $ | 792,298 | $ | 781,133 | |||||||
Plus: | |||||||||||||||
Debt—current | 4,281 | 4,774 | 4,793 | 4,368 | |||||||||||
Debt—long-term | 259,284 | 260,025 | 260,990 | 262,046 | |||||||||||
Less: | |||||||||||||||
Cash and cash equivalents | (354,830 | ) | (356,296 | ) | (239,685 | ) | (346,591 | ) | |||||||
Average invested capital | $ | 743,798 | $ | 716,971 | $ | 818,396 | $ | 700,956 |
During the third quarter of fiscal 2016 average invested capital (July 2, 2016, April 2, 2016, January 2, 2016 and October 3, 2015) was $738,397. Third quarter fiscal 2015 average invested capital (July 4, 2015, April 4, 2015, January 3, 2015 and September 27, 2014) was $745,030.