Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxsf1910-qq1exhibit322.htm |
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxsf1910-qq1exhibit321.htm |
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxsf1910-qq1exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxsf1910-qq1exhibit311.htm |
10-Q - 10-Q - PLEXUS CORP | plxsf1910-qq1.htm |
Exhibit 99.1 | ||||||||||||||
Return on Invested Capital ("ROIC") and Economic Return Calculations (dollars in thousands): | ||||||||||||||
Three Months Ended | Twelve Months Ended | Three Months Ended | ||||||||||||
Dec 29, | Sept 29, | Dec 30, | ||||||||||||
2018 | 2018 | 2017 | ||||||||||||
Operating income, as reported | $ | 36,951 | $ | 118,283 | $ | 31,557 | ||||||||
One-time employee bonus | + | — | + | 13,512 | + | — | ||||||||
Adjusted operating income | $ | 36,951 | $ | 131,795 | $ | 31,557 | ||||||||
x | 4 | x | 4 | |||||||||||
Adjusted annualized operating income | $ | 147,804 | $ | 131,795 | $ | 126,228 | ||||||||
Adjusted effective tax rate | x | 15 | % | x | 10 | % | x | 10 | % | |||||
Tax impact | 22,171 | 13,180 | 12,623 | |||||||||||
Adjusted operating income (tax effected) | $ | 125,633 | $ | 118,615 | $ | 113,605 | ||||||||
Average invested capital | ÷ | $ | 862,528 | ÷ | $ | 735,598 | ÷ | $ | 701,635 | |||||
ROIC | 14.6 | % | 16.1 | % | 16.2 | % | ||||||||
Weighted average cost of capital | - | 9.0 | % | - | 9.5 | % | - | 9.5 | % | |||||
Economic return | 5.6 | % | 6.6 | % | 6.7 | % |
Three Months Ended | |||||||||||||||||||||||
Average Invested Capital | Dec 29, | Sept 29, | Jun 30, | Mar 31, | Dec 30, | Sept 30, | |||||||||||||||||
2018 | 2018 | 2018 | 2018 | 2017 | 2017 | ||||||||||||||||||
Equity | $ | 905,163 | $ | 921,143 | $ | 882,360 | $ | 920,503 | $ | 933,849 | $ | 1,025,939 | |||||||||||
Plus: | |||||||||||||||||||||||
Debt - current | 8,633 | 5,532 | 6,365 | 180,772 | 179,881 | 286,934 | |||||||||||||||||
Debt - long-term | 187,567 | 183,085 | 180,204 | 27,217 | 26,047 | 26,173 | |||||||||||||||||
Less: | |||||||||||||||||||||||
Cash and cash equivalents | (188,799) | (297,269) | (332,723) | (402,470) | (506,694) | (568,860) | |||||||||||||||||
$ | 912,564 | $ | 812,491 | $ | 736,206 | $ | 726,022 | $ | 633,083 | $ | 770,186 |