Attached files

file filename
10-Q - 10-Q - PLEXUS CORPplxs-20171231x10q.htm
EX-32.2 - EXHIBIT 32.2 - PLEXUS CORPplxs-2017x10qxq1xex322.htm
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORPplxs-2017x10qxq1xex321.htm
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORPplxs-2017x10qxq1xex312.htm
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORPplxs-2017x10qxq1xex311.htm
EX-10.2 - EXHIBIT 10.2 - PLEXUS CORPplxs-2017x10qxq1xex102.htm
EX-10.1 - EXHIBIT 10.1 - PLEXUS CORPplxs-2017x10qxq1xex101.htm


Exhibit 99.1
PLEXUS CORP.
NON-GAAP SUPPLEMENTAL INFORMATION
(in thousands)
(unaudited)


Return on Invested Capital ("ROIC") and Economic Return Calculations
 
Three Months Ended
 
Twelve Months Ended
 
Three Months Ended
 
December 31, 2016
 
October 1, 2016
 
January 2, 2016
Operating income, as reported
$
33,903
 
 
$
99,439
 
 
$
21,524
 
   Typhoon-related losses
 
 
2,871
 
 
 
   Accelerated stock-based compensation expense
 
 
5,210
 
 
 
   Restructuring and other charges
 
 
7,034
 
 
1,507
 
Adjusted operating income
$
33,903

 
$
114,554

 
$
23,031

 
x
4

 
 
 
 
x
4

 
 


 
 

 
 


 
 
 
 
 
 
 
 
 
Annualized adjusted operating income
$
135,612

 
$
114,554

 
$
92,124

Tax rate
x
8
%
 
x
11
%
 
x
12
%
Tax impact

10,849

 
 
12,601

 
 
11,055

Adjusted operating income (tax effected)
$
124,763

 
$
101,953

 
$
81,069

 
 
 
 
 
 
 
 
 
Average invested capital
$
720,197
 
 
$
739,986
 
 
$
753,078
 
 
 
 
 
 
 
ROIC
17.3
%
 
13.8
%
 
10.8
%
Weighted average cost of capital ("WACC")
10.5
%
 
11.0
%
 
11.0
%
Economic return
6.8
%
 
2.8
%
 
(0.2
)%

 
Dec 31,
 
Oct 1,
 
Jul 2,
 
Apr 2,
 
Jan 2,
 
Oct 3,
Average Invested Capital
2016
 
2016
 
2016
 
2016
 
2016
 
2015
Equity
$
927,542

 
$
916,797

 
$
895,175

 
$
871,111

 
$
850,794

 
$
842,272

Plus:
 
 
 
 
 
 
 
 
 
 
 
  Debt—current
78,879

 
78,507

 
78,279

 
2,300

 
2,864

 
3,513

  Debt—long-term
184,136

 
184,002

 
184,479

 
259,565

 
259,289

 
259,257

Less:
 
 
 
 
 
 
 
 
 
 
 
  Cash and cash equivalents
(496,505
)
 
(432,964
)
 
(433,679
)
 
(409,796
)
 
(354,728
)
 
(357,106
)
Average invested capital
$
694,052

 
$
746,342

 
$
724,254

 
$
723,180

 
$
758,219

 
$
747,936


During the first quarter of fiscal 2017 average invested capital (December 31, 2016 and October 1, 2016) was $720,197. First quarter fiscal 2016 average invested capital (January 2, 2016 and October 3, 2015) was $753,078.