Attached files

file filename
EX-21 - EXHIBIT 21 - PLEXUS CORPplxsf1610-kexhibit21.htm
10-K - 10-K - PLEXUS CORPplxsf1610-k.htm
EX-32.2 - EXHIBIT 32.2 - PLEXUS CORPplxsf1610-kexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORPplxsf1610-kexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORPplxsf1610-kexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORPplxsf1610-kexhibit311.htm
EX-23 - EXHIBIT 23 - PLEXUS CORPplxsf1610-kexhibit23.htm
EX-10.10 (B) (III) - EXHIBIT 10.10 (B) (III) - PLEXUS CORPplxsf1610-kexhibit1010biii.htm


 
 
 
 
 
 
 
 
 
 
 
Exhibit 99.1

Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in millions):
 
 
 
Fiscal year ended
 
 
 
 
 
 
 
October 1,
2016
 
October 3,
2015
 
September 27,
2014
 
 
 
 
Operating income, as reported
 
 
$
99.4

 
$
115.4

 
$
100.6

 
 
 
 
Typhoon-related losses
 
 
2.9

 

 

 
 
 
 
Accelerated stock-based compensation expense
 
 
5.2

 
 
 
 
 
 
 
 
Restructuring and other charges
 
 
7.0

 
1.7

 
11.3

 
 
 
 
Adjusted operating income
 
 
114.6

 
115.4

 
100.6

 

 
 
Tax rate
 
 
11.0
%
 
11.0
%
 
11.0
%
 
 
 
 
Adjusted operating income (tax effected)
 
 
$
102.0

 
$
104.2

 
$
101.8

 
 
 
 
Average invested capital
 
 
$
740.0

 
$
745.6

 
$
669.6

 
 
 
 
ROIC
 
 
13.8
%
 
14.0
%
 
15.2
%
 
 
 
 
WACC
 
 
11.0
%
 
11.0
%
 
11.0
%
 
 
 
 
Economic Return
 
 
2.8
%
 
3.0
%
 
4.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
$
916.8

 
$
895.2

 
$
871.1

 
$
850.8

 
$
842.3

 
 
Plus:
 
 
 
 
 
 
 
 
 
 
 
   Debt - current
78.5

 
78.3

 
2.3

 
2.9

 
3.5

 
 
   Debt - non-current
184.0

 
184.5

 
259.6

 
259.3

 
259.3

 
 
Less:
 
 
 
 
 
 
 
 
 
 
 
  Cash and cash equivalents
(433.0
)
 
(433.7
)
 
(409.8
)
 
(354.7
)
 
(357.1
)
 
 
 
$
746.3

 
$
724.3

 
$
723.2

 
$
758.3

 
$
748.0

 
$
740.0

 
 
 
 
 
 
 
 
 
 
 
 
Average Invested Capital
Fiscal 2015
 
Actual
 
Actual
 
Actual
 
Actual
 
Actual
 
Average invested capital
 
10/3/2015
 
7/4/2015
 
4/4/2015
 
1/3/2015
 
9/27/2014
 
Equity
$
842.3

 
$
835.1

 
$
808.5

 
$
792.3

 
$
781.1

 
 
Plus:
 
 
 
 
 
 
 
 
 
 
 
   Debt - current
3.5

 
4.3

 
4.8

 
4.8

 
4.4

 
 
   Debt - non-current
259.3

 
259.3

 
260.0

 
261.0

 
262.0

 
 
Less:
 
 
 
 
 
 
 
 
 
 
 
  Cash and cash equivalents
(357.1
)
 
(354.8
)
 
(356.3
)
 
(239.7
)
 
(346.6
)
 
 
 
$
748.0

 
$
743.9

 
$
717.0

 
$
818.4

 
$
700.9

 
$
745.6

 
 
 
 
 
 
 
 
 
 
 
 
Average Invested Capital
Fiscal 2014
 
Actual
 
Actual
 
Actual
 
Actual
 
Actual
 
Average invested capital
 
 9/27/2014
 
6/28/2014
 
3/29/2014
 
12/28/2013
 
9/28/2013
 
Equity
$
781.1

 
$
760.2

 
$
736.5

 
$
722.0

 
$
699.3

 
 
Plus:
 
 
 
 
 
 
 
 
 
 
 
   Debt - current
4.4

 
4.2

 
3.9

 
3.8

 
3.6

 
 
   Debt - non-current
262.0

 
263.1

 
256.1

 
256.9

 
257.8

 
 
Less:
 
 
 
 
 
 
 
 
 
 
 
  Cash and cash equivalents
(346.6
)
 
(330.3
)
 
(323.7
)
 
(324.2
)
 
(341.9
)
 
 
 
$
700.9

 
$
697.2

 
$
672.8

 
$
658.5

 
$
618.8

 
$
669.6