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EX-32.2 - EXHIBIT 32.2 - PLEXUS CORPplxsf1910-qq1exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORPplxsf1910-qq1exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORPplxsf1910-qq1exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORPplxsf1910-qq1exhibit311.htm
10-Q - 10-Q - PLEXUS CORPplxsf1910-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