Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxsf1810-kexhibit322.htm |
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxsf1810-kexhibit321.htm |
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxsf1810-kexhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxsf1810-kexhibit311.htm |
EX-23 - EXHIBIT 23 - PLEXUS CORP | plxsf1810-kexhibit23.htm |
EX-21 - EXHIBIT 21 - PLEXUS CORP | plxsf1810-kexhibit21.htm |
EX-10.7(A) - EXHIBIT 10.7(A) - PLEXUS CORP | plxsf1810-kexhibit107a.htm |
EX-10.3(G) - EXHIBIT 10.3(G) - PLEXUS CORP | plxsf1810-kexhibit103g.htm |
EX-10.3(D) - EXHIBIT 10.3(D) - PLEXUS CORP | plxsf1810-kexhibit103d.htm |
10-K - 10-K - PLEXUS CORP | plxsf1810-k.htm |
Exhibit 99.1 | |||||||||||||||||||||||
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands): | |||||||||||||||||||||||
Fiscal year ended | |||||||||||||||||||||||
September 29, 2018 | September 30, 2017 | October 1, 2016 | |||||||||||||||||||||
Operating income, as reported | $ | 118,283 | $ | 129,908 | $ | 99,439 | |||||||||||||||||
One-time employee bonus | 13,512 | — | — | ||||||||||||||||||||
Typhoon-related losses | — | — | 2,871 | ||||||||||||||||||||
Accelerated stock-based compensation expense | — | — | 5,210 | ||||||||||||||||||||
Restructuring and other charges | — | — | 7,034 | ||||||||||||||||||||
Adjusted operating income | 131,795 | 129,908 | 114,554 | ||||||||||||||||||||
Tax rate | 10.0 | % | 8.0 | % | 11.0 | % | |||||||||||||||||
Adjusted operating income (tax effected) | $ | 118,615 | $ | 119,515 | $ | 101,953 | |||||||||||||||||
Average invested capital | $ | 735,598 | $ | 738,266 | $ | 739,986 | |||||||||||||||||
ROIC | 16.1 | % | 16.2 | % | 13.8 | % | |||||||||||||||||
WACC | 9.5 | % | 10.5 | % | 11.0 | % | |||||||||||||||||
Economic Return | 6.6 | % | 5.7 | % | 2.8 | % | |||||||||||||||||
Average Invested Capital | Fiscal 2018 | ||||||||||||||||||||||
Actual | Actual | Actual | Actual | Actual | Average invested capital | ||||||||||||||||||
9/29/18 | 6/30/18 | 3/31/18 | 12/30/17 | 9/30/17 | |||||||||||||||||||
Equity | $ | 921,143 | $ | 882,360 | $ | 920,503 | $ | 933,849 | $ | 1,025,939 | |||||||||||||
Plus: | |||||||||||||||||||||||
Debt - current | 5,532 | 6,365 | 180,772 | 179,881 | 286,934 | ||||||||||||||||||
Debt - non-current | 183,085 | 180,204 | 27,217 | 26,047 | 26,173 | ||||||||||||||||||
Less: | |||||||||||||||||||||||
Cash and cash equivalents | (297,269 | ) | (332,723 | ) | (402,470 | ) | (506,694 | ) | (568,860 | ) | |||||||||||||
$ | 812,491 | $ | 736,206 | $ | 726,022 | $ | 633,083 | $ | 770,186 | $ | 735,598 | ||||||||||||
Average Invested Capital | Fiscal 2017 | ||||||||||||||||||||||
Actual | Actual | Actual | Actual | Actual | Average invested capital | ||||||||||||||||||
9/30/2017 | 7/1/2017 | 4/1/2017 | 12/30/2016 | 10/1/2016 | |||||||||||||||||||
Equity | $ | 1,025,939 | $ | 991,306 | $ | 961,438 | $ | 927,542 | $ | 916,797 | |||||||||||||
Plus: | |||||||||||||||||||||||
Debt - current | 286,934 | 267,297 | 92,623 | 78,879 | 78,507 | ||||||||||||||||||
Debt - non-current | 26,173 | 26,138 | 185,638 | 184,136 | 184,002 | ||||||||||||||||||
Less: | |||||||||||||||||||||||
Cash and cash equivalents | (568,860 | ) | (519,172 | ) | (524,520 | ) | (496,505 | ) | (432,964 | ) | |||||||||||||
$ | 770,186 | $ | 765,569 | $ | 715,179 | $ | 694,052 | $ | 746,342 | $ | 738,266 | ||||||||||||
Average Invested Capital | Fiscal 2016 | ||||||||||||||||||||||
Actual | Actual | Actual | Actual | Actual | Average invested capital | ||||||||||||||||||
10/1/2016 | 7/2/2016 | 4/2/2016 | 1/2/2016 | 10/3/2015 | |||||||||||||||||||
Equity | $ | 916,797 | $ | 895,175 | $ | 871,111 | $ | 850,794 | $ | 842,272 | |||||||||||||
Plus: | |||||||||||||||||||||||
Debt - current | 78,507 | 78,279 | 2,300 | 2,864 | 3,513 | ||||||||||||||||||
Debt - non-current | 184,002 | 184,479 | 259,565 | 259,289 | 259,257 | ||||||||||||||||||
Less: | |||||||||||||||||||||||
Cash and cash equivalents | (432,964 | ) | (433,679 | ) | (409,796 | ) | (354,728 | ) | (357,106 | ) | |||||||||||||
$ | 746,342 | $ | 724,254 | $ | 723,180 | $ | 758,219 | $ | 747,936 | $ | 739,986 |