Attached files
file | filename |
---|---|
10-Q - 10-Q - PLEXUS CORP | plxs-20171231x10q.htm |
EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxs-2017x10qxq1xex322.htm |
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxs-2017x10qxq1xex321.htm |
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxs-2017x10qxq1xex312.htm |
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxs-2017x10qxq1xex311.htm |
EX-10.2 - EXHIBIT 10.2 - PLEXUS CORP | plxs-2017x10qxq1xex102.htm |
EX-10.1 - EXHIBIT 10.1 - PLEXUS CORP | plxs-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.