PLXS FY 2009 Earnings Report — Plexus Corp. Revenue & Financial Results | Market Cap Arena

Plexus Corp.PLXS

FY 2009 Earnings

Reported November 18, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.8B	—	-12.2%
Op. Income	$62M	—	$105M	—	-41.3%
Gross Margin	9.6%	—	11.2%	—	-1.6pp
Net Margin	2.9%	—	4.6%	—	-1.7pp
EPS (Diluted)	$1.17	—	$1.92	—	-39.1%
Free Cash Flow	$113M	—	$10M	—	1045.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$93M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$1.6B
OPERATING INCOME	$62M
Interest Income	$2M
Interest Expense	$11M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$45M
Income Tax Expense	-$908.0K
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$34M
EBIT	$56M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$93M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$1.6B
OPERATING INCOME	$62M
Interest Income	$2M
Interest Expense	$11M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$45M
Income Tax Expense	-$908.0K
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$34M
EBIT	$56M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$34M
Stock-Based Compensation	$9M
Deferred Income Tax	-$1M
Other Non-Cash Items	$6M
Change in Working Capital	$76M
OPERATING CASH FLOW	$170M
Capital Expenditure	-$57M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$342.0K
NET CASH FROM INVESTING	-$57M
Net Debt Issuance	-$21M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$113M
Net Change in Cash	$92M

Balance Sheet

Item	Amount
Cash & Equivalents	$258M
Short-Term Investments	$0
Net Receivables	$193M
Inventory	$322M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$798M
PP&E (Net)	$197M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$10M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$224M
TOTAL ASSETS	$1.0B
Account Payables	$233M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$339M
Long-Term Debt	$133M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$156M
TOTAL LIABILITIES	$495M
Common Stock	$470.0K
Additional Paid-In Capital	$366M
Retained Earnings	$356M
Treasury Stock	-$200M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$527M
Minority Interest	$0
TOTAL EQUITY	$527M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$150M
Net Debt	-$108M