PLEXUS CORP - FORM 10-Q - EX-99.1 - EXHIBIT 99.1 - May 4, 2018

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EX-32.2 - EXHIBIT 32.2 - PLEXUS CORPplxs201810-qq2exhibit322.htm
10-Q - 10-Q - PLEXUS CORPplxsf1810-qq2.htm
EX-31.2 - EXHIBIT 31.2 - PLEXUS CORPplxs201810-qq2exhibit312.htm
EX-32.1 - EXHIBIT 32.1 - PLEXUS CORPplxs201810-qq2exhibit321.htm
EX-31.1 - EXHIBIT 31.1 - PLEXUS CORPplxs201810-qq2exhibit311.htm


 
 
 
 
Exhibit 99.1
 
Return on Invested Capital ("ROIC") and Economic Return Calculations (dollars in thousands):
 
 
 
 
 
Six Months Ended
 
Mar 31,
2018
 
Apr 1,
2017
Operating income, as reported
 
$
48,872

 
 
$
66,474

One-time employee bonus
+
13,512

 
+
—

Adjusted operating income
 
62,384

 
 
66,474

 
x
2

 
x
2

 
 
 
 
 
 
Adjusted annualized operating income
 
$
124,768

 

$
132,948

Adjusted effective tax rate
x
11
 %
 
x
9
 %
Tax impact
 
13,724

 
 
11,965

Adjusted operating income (tax effected)
 
$
111,044

 
 
$
120,983

 
 
 
 
 
 
Average invested capital
 
$
709,764

 
 
$
718,524

 
 
 
 
 
 
ROIC
 
15.6
 %
 
 
16.8
 %
WACC
 
(9.5
)%
 
 
(10.5
)%
Economic Return
 
6.1
 %
 
 
6.3
 %

Average Invested Capital
Three Months Ended
 
Mar 31,
2018
 
Dec 30,
2017
 
Sept 30,
2017
 
Jul 1,
2017
 
Apr 1,
2017
 
Dec 31,
2016
 
Oct 1,
2016
Equity
$
920,503

 
$
933,849

 
$
1,025,939

 
$
991,306

 
$
961,438

 
$
927,542

 
$
916,797

Plus:
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt - current
180,772

 
179,881

 
286,934

 
267,297

 
92,623

 
78,879

 
78,507

Debt - non-current
27,217

 
26,047

 
26,173

 
26,138

 
185,638

 
184,136

 
184,002

Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
(402,470
)
 
(506,694
)
 
(568,860
)
 
(519,172
)
 
(524,520
)
 
(496,505
)
 
(432,964
)
 
$
726,022

 
$
633,083

 
$
770,186

 
$
765,569

 
$
715,179

 
$
694,052

 
$
746,342

 
 
 
 
 
 
 
 
 
 
 
 
 
 



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