PLXS FY 2011 Earnings Report — Plexus Corp. Revenue & Financial Results | Market Cap Arena

Plexus Corp.PLXS

FY 2011 Earnings

Reported November 17, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	10.8%
Op. Income	$101M	—	$100M	—	1.5%
Gross Margin	9.6%	—	10.3%	—	-0.7pp
Net Margin	4.0%	—	4.4%	—	-0.4pp
EPS (Diluted)	$2.30	—	$2.19	—	5.0%
Free Cash Flow	$88M	—	-$73M	—	220.5%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$114M
Cost & Expenses	$2.1B
OPERATING INCOME	$101M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$92M
Income Tax Expense	$3M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$47M
EBIT	$99M
EBITDA	$146M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$114M
Cost & Expenses	$2.1B
OPERATING INCOME	$101M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$92M
Income Tax Expense	$3M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$47M
EBIT	$99M
EBITDA	$146M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$47M
Stock-Based Compensation	$11M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$175.0K
Change in Working Capital	$18M
OPERATING CASH FLOW	$162M
Capital Expenditure	-$74M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$72M
Net Debt Issuance	$158M
Common Stock Repurchased	-$200M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$88M
Net Change in Cash	$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$242M
Short-Term Investments	$0
Net Receivables	$284M
Inventory	$456M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$248M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$296M
TOTAL ASSETS	$1.3B
Account Payables	$307M
Short-Term Debt	$17M
Deferred Revenue	$31M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$455M
Long-Term Debt	$270M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$291M
TOTAL LIABILITIES	$746M
Common Stock	$483.0K
Additional Paid-In Capital	$416M
Retained Earnings	$535M
Treasury Stock	-$400M
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$559M
Minority Interest	$0
TOTAL EQUITY	$559M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$288M
Net Debt	$46M