Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PLEXUS CORP | plxsq2f20exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PLEXUS CORP | plxsq2f20exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PLEXUS CORP | plxsq2f20exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PLEXUS CORP | plxsq2f20exhibit311.htm |
| 10-Q - 10-Q - PLEXUS CORP | plxsq2f2010-q.htm |
Exhibit 99.1 | ||||||||||||||
Return on Invested Capital ("ROIC") and economic return Calculations GAAP to non-GAAP reconciliation (dollars in thousands): | ||||||||||||||
Six Months Ended | Three Months Ended | Six Months Ended | ||||||||||||
Apr 4, | Jan 4, | Mar 30, | ||||||||||||
2020 | 2020 | 2019 | ||||||||||||
Operating income, as reported | $ | 57,143 | $ | 39,934 | $ | 70,125 | ||||||||
Restructuring and impairment charges | + | 6,003 | + | — | + | — | ||||||||
Adjusted operating income | $ | 63,146 | $ | 39,934 | $ | 70,125 | ||||||||
x | 2 | x | 4 | x | 2 | |||||||||
Adjusted annualized operating income | $ | 126,292 | $ | 159,736 | $ | 140,250 | ||||||||
Adjusted effective tax rate | x | 13 | % | x | 13 | % | x | 15 | % | |||||
Tax impact | 16,418 | 20,766 | 21,038 | |||||||||||
Adjusted operating income (tax effected) | $ | 109,874 | $ | 138,970 | $ | 119,212 | ||||||||
Average invested capital | ÷ | $ | 964,894 | ÷ | $ | 942,793 | ÷ | $ | 898,929 | |||||
ROIC | 11.4 | % | 14.7 | % | 13.3 | % | ||||||||
Weighted average cost of capital | - | 8.8 | % | - | 8.8 | % | - | 9.0 | % | |||||
Economic return | 2.6 | % | 5.9 | % | 4.3 | % | ||||||||
Three Months Ended | ||||||||||||
Apr 4, | Jan 4, | Sept 28, | ||||||||||
Average Invested Capital | 2020 | 2020 | 2019 | |||||||||
Equity | $ | 892,558 | $ | 908,372 | $ | 865,576 | ||||||
Plus: | ||||||||||||
Debt and finance leases - current | 107,880 | 67,847 | 100,702 | |||||||||
Operating leases - current (1) (2) | 8,546 | 9,185 | — | |||||||||
Debt and finance leases - long-term | 186,327 | 186,827 | 187,278 | |||||||||
Operating leases - long-term (2) | 39,617 | 36,473 | — | |||||||||
Less: | ||||||||||||
Cash and cash equivalents | (225,830) | (252,914) | (223,761) | |||||||||
$ | 1,009,098 | $ | 955,790 | $ | 929,795 | |||||||
Three Months Ended | ||||||||||||
Average Invested Capital | Mar 30, | Dec 29, | Sept 29, | |||||||||
2019 | 2018 | 2018 | ||||||||||
Equity | $ | 875,444 | $ | 905,163 | $ | 921,143 | ||||||
Plus: | ||||||||||||
Debt and finance leases - current | 93,197 | 8,633 | 5,532 | |||||||||
Operating leases - current (1) (2) | — | — | — | |||||||||
Debt and finance leases - long-term | 187,120 | 187,567 | 183,085 | |||||||||
Operating leases - long-term (2) | — | — | — | |||||||||
Less: | ||||||||||||
Cash and cash equivalents | (184,028) | (188,799) | (297,269) | |||||||||
$ | 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. | |||||