PLEXUS CORP - FORM 10-Q - EX-99.1 - EXHIBIT 99.1 - February 2, 2018

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - PLEXUS CORPplxs201810-qq1exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORPplxs201810-qq1exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORPplxs201810-qq1exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORPplxs201810-qq1exhibit311.htm
10-Q - 10-Q - PLEXUS CORPplxsf1810-qq1.htm


 
 
 
 
 
 
 
Exhibit 99.1
 
Return on Invested Capital ("ROIC") and Economic Return Calculations
 
 
 
 
 
 
 
Three Months Ended
 
Twelve Months Ended
 
Three Months Ended
 
Dec 30,
2017
 
Sept 30,
2017
 
Dec 31,
2016
Operating income, as reported
$
31,557
 
 
$
129,908
 
 
$
33,903
 
 
x
4

 
 
 
 
x
4

 
 
 
 
 
 
 
 
 
Adjusted annualized operating income
$
126,228
 
 
$
129,908
 
 
$
135,612
 
Adjusted effective tax rate
x
10
%
 
x
8
%
 
x
8
%
Tax impact
12,623
 
 
10,393
 
 
10,849
 
Adjusted operating income (tax effected)
$
113,605
 
 
$
119,515
 
 
$
124,763
 
 
 
 
 
 
 
 
 
 
Average invested capital
$
701,635
 
 
$
738,266
 
 
$
720,197
 
 
 
 
 
 
 
 
 
 
ROIC
16.2
%
 
16.2
%
 
17.3
%
WACC
(9.5
)%
 
(10.5
)%
 
(10.5
)%
Economic Return
6.7
%
 
5.7
%
 
6.8
%

Average Invested Capital
Three Months Ended
 
Dec 30,
2017
 
Sept 30,
2017
 
Jul 1,
2017
 
Apr 1,
2017
 
Dec 31,
2016
 
Oct 1,
2016
Equity
$
933,849

 
$
1,025,939

 
$
991,306

 
$
961,438

 
$
927,542

 
$
916,797

Plus:
 
 
 
 
 
 
 
 
 
 
 
Debt - current
179,881

 
286,934

 
267,297

 
92,623

 
78,879

 
78,507

Debt - non-current
26,047

 
26,173

 
26,138

 
185,638

 
184,136

 
184,002

Less:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
(506,694
)
 
(568,860
)
 
(519,172
)
 
(524,520
)
 
(496,505
)
 
(432,964
)
 
$
633,083

 
$
770,186

 
$
765,569

 
$
715,179

 
$
694,052

 
$
746,342

 
 
 
 
 
 
 
 
 
 
 
 



PLEXUS CORP Reports