PLXS FY 2007 Earnings Report — Plexus Corp. Revenue & Financial Results | Market Cap Arena

Plexus Corp.PLXS

FY 2007 Earnings

Reported November 21, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.5B	—	5.9%
Op. Income	$81M	—	$80M	—	1.3%
Gross Margin	10.6%	—	10.9%	—	-0.3pp
Net Margin	4.3%	—	6.8%	—	-2.6pp
EPS (Diluted)	$1.41	—	$2.15	—	-34.4%
Free Cash Flow	-$9M	—	$48M	—	-119.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.4B
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$82M
Other Expenses	$0
Operating Expenses	$82M
Cost & Expenses	$1.5B
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$84M
Income Tax Expense	$19M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$27M
EBIT	$81M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.4B
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$82M
Other Expenses	$0
Operating Expenses	$82M
Cost & Expenses	$1.5B
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$84M
Income Tax Expense	$19M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$27M
EBIT	$81M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	$14M
Other Non-Cash Items	$6M
Change in Working Capital	-$74M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$48M
Acquisitions (Net)	$0
Purchases of Investments	-$63M
Sales/Maturities of Investments	$38M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	$16M
FREE CASH FLOW	-$9M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$154M
Short-Term Investments	$55M
Net Receivables	$231M
Inventory	$276M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$734M
PP&E (Net)	$160M
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$182M
TOTAL ASSETS	$917M
Account Payables	$237M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$307M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$343M
Common Stock	$464.0K
Additional Paid-In Capital	$337M
Retained Earnings	$225M
Treasury Stock	$0
Accum. Other Comp. Income	$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$573M
Minority Interest	$0
TOTAL EQUITY	$573M
TOTAL LIABILITIES & EQUITY	$917M
Total Debt	$27M
Net Debt	-$127M