Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxs-2017x10qxq3xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxs-2017x10qxq3xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxs-2017x10qxq3xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxs-2017x10qxq3xex311.htm |
| 10-Q - 10-Q - PLEXUS CORP | plxs-712017x10q.htm |
Exhibit 99.1
PLEXUS CORP.
NON-GAAP SUPPLEMENTAL INFORMATION
(in thousands)
(unaudited)
Return on Invested Capital ("ROIC") and Economic Return Calculations
Nine Months Ended | Nine Months Ended | ||||||||
July 1, 2017 | July 2, 2016 | ||||||||
Operating income, as reported | $ | 95,943 | $ | 75,788 | |||||
Restructuring and other charges | — | 5,229 | |||||||
Adjusted operating income | $ | 95,943 | $ | 81,017 | |||||
÷ | 3 | ÷ | 3 | ||||||
31,981 | 27,006 | ||||||||
x | 4 | x | 4 | ||||||
Annualized adjusted operating income | $ | 127,924 | $ | 108,024 | |||||
Tax rate | x | 8 | % | x | 11 | % | |||
Tax impact | 10,234 | 11,883 | |||||||
Adjusted operating income (tax effected) | $ | 117,690 | $ | 96,141 | |||||
Average invested capital | $ | 730,286 | $ | 738,397 | |||||
ROIC | 16.1 | % | 13.0 | % | |||||
Weighted average cost of capital ("WACC") | 10.5 | % | 11.0 | % | |||||
Economic return | 5.6 | % | 2.0 | % | |||||
Jul 1, | Apr 1, | Dec 31, | Oct 1, | ||||||||||||
Average Invested Capital | 2017 | 2017 | 2016 | 2016 | |||||||||||
Equity | $ | 991,306 | $ | 961,438 | $ | 927,542 | $ | 916,797 | |||||||
Plus: | |||||||||||||||
Debt—current | 267,297 | 92,623 | 78,879 | 78,507 | |||||||||||
Debt—long-term | 26,138 | 185,638 | 184,136 | 184,002 | |||||||||||
Less: | |||||||||||||||
Cash and cash equivalents | (519,172 | ) | (524,520 | ) | (496,505 | ) | (432,964 | ) | |||||||
Invested capital | $ | 765,569 | $ | 715,179 | $ | 694,052 | $ | 746,342 | |||||||
Jul 2, | Apr 2, | Jan 2, | Oct 3, | ||||||||||||
Average Invested Capital | 2016 | 2016 | 2016 | 2015 | |||||||||||
Equity | $ | 895,175 | $ | 871,111 | $ | 850,794 | $ | 842,272 | |||||||
Plus: | |||||||||||||||
Debt—current | 78,279 | 2,300 | 2,864 | 3,513 | |||||||||||
Debt—long-term | 184,479 | 259,565 | 259,289 | 259,257 | |||||||||||
Less: | |||||||||||||||
Cash and cash equivalents | (433,679 | ) | (409,796 | ) | (354,728 | ) | (357,106 | ) | |||||||
Invested capital | $ | 724,254 | $ | 723,180 | $ | 758,219 | $ | 747,936 | |||||||
During the third quarter of fiscal 2017 average invested capital (July 1, 2017, April 1, 2017, December 31, 2016 and October 1, 2016) was $730,286. Third quarter fiscal 2016 average invested capital (July 2, 2016, April 2, 2016, January 2, 2016 and October 3, 2015) was $738,397.