Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PLEXUS CORP | plxsq1f2010-q.htm |
| EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxsq1f20exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxsq1f20exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxsq1f20exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxsq1f20exhibit311.htm |
| EX-10.1 - EXHIBIT 10.1 - PLEXUS CORP | plxsq1f20exhibit101.htm |
Exhibit 99.1 | ||||||||||||||
Return on Invested Capital ("ROIC") and economic return Calculations GAAP to non-GAAP reconciliation (dollars in thousands): | ||||||||||||||
Three Months Ended | Twelve Months Ended | Three Months Ended | ||||||||||||
Jan 4, | Sept 28, | Dec 29, | ||||||||||||
2020 | 2019 | 2018 | ||||||||||||
Operating income, as reported | $ | 39,934 | $ | 142,055 | $ | 36,951 | ||||||||
Restructuring costs | + | — | + | 1,678 | + | — | ||||||||
Adjusted operating income | $ | 39,934 | $ | 143,733 | $ | 36,951 | ||||||||
x | 4 | x | 4 | |||||||||||
Adjusted annualized operating income | $ | 159,736 | $ | 143,733 | $ | 147,804 | ||||||||
Adjusted effective tax rate | x | 13 | % | x | 16 | % | x | 15 | % | |||||
Tax impact | 20,766 | 22,997 | 22,171 | |||||||||||
Adjusted operating income (tax effected) | $ | 138,970 | $ | 120,736 | $ | 125,633 | ||||||||
Average invested capital | ÷ | $ | 945,397 | ÷ | $ | 923,107 | ÷ | $ | 862,528 | |||||
ROIC | 14.7 | % | 13.1 | % | 14.6 | % | ||||||||
Weighted average cost of capital | - | 8.8 | % | - | 9.0 | % | - | 9.0 | % | |||||
Economic return | 5.9 | % | 4.1 | % | 5.6 | % | ||||||||
Three Months Ended | |||||||||||||||||||||||
Average Invested Capital | Jan 4, | Sept 28, | Jun 29, | Mar 30, | Dec 29, | Sept 29, | |||||||||||||||||
2020 | 2019 | 2019 | 2019 | 2018 | 2018 | ||||||||||||||||||
Equity | $ | 908,372 | $ | 865,576 | $ | 860,791 | $ | 875,444 | $ | 905,163 | $ | 921,143 | |||||||||||
Plus: | |||||||||||||||||||||||
Debt and finance leases - current | 67,847 | 100,702 | 138,976 | 93,197 | 8,633 | 5,532 | |||||||||||||||||
Operating leases - current (1) (2) | 9,102 | — | — | — | — | — | |||||||||||||||||
Debt and finance leases - long-term | 186,827 | 187,278 | 187,581 | 187,120 | 187,567 | 183,085 | |||||||||||||||||
Operating leases - long-term (2) | 41,764 | — | — | — | — | — | |||||||||||||||||
Less: | |||||||||||||||||||||||
Cash and cash equivalents | (252,914) | (223,761) | (198,395) | (184,028) | (188,799) | (297,269) | |||||||||||||||||
$ | 960,998 | $ | 929,795 | $ | 988,953 | $ | 971,733 | $ | 912,564 | $ | 812,491 | ||||||||||||
(1) | Included in Other accrued liabilities on the Condensed Consolidated Balance Sheets. | |||||
(2) | In the fiscal first quarter of 2020, the Company adopted and applied Topic 842 to all leases using the modified retrospective method of adoption. The prior year comparative information has not been restated and continued to be reported under the accounting standards in effect for fiscal 2019 and 2018. | |||||