PLXS FY 2014 Earnings Report — Plexus Corp. Revenue & Financial Results | Market Cap Arena

Plexus Corp.PLXS

FY 2014 Earnings

Reported November 17, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	6.7%
Op. Income	$101M	—	$97M	—	4.1%
Gross Margin	9.5%	—	9.6%	—	-0.1pp
Net Margin	3.7%	—	3.7%	—	-0.0pp
EPS (Diluted)	$2.52	—	$2.36	—	6.8%
Free Cash Flow	$23M	—	$100M	—	-76.7%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$226M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$114M
Cost & Expenses	$2.3B
OPERATING INCOME	$101M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$93M
Income Tax Expense	$6M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$48M
EBIT	$112M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$2.2B
GROSS PROFIT	$226M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$114M
Cost & Expenses	$2.3B
OPERATING INCOME	$101M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$93M
Income Tax Expense	$6M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$48M
EBIT	$112M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$48M
Stock-Based Compensation	$13M
Deferred Income Tax	-$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$61M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$65M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$23M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$347M
Short-Term Investments	$0
Net Receivables	$324M
Inventory	$526M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$335M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$378M
TOTAL ASSETS	$1.6B
Account Payables	$396M
Short-Term Debt	$4M
Deferred Revenue	$56M
Other Current Liabilities	$647.0K
TOTAL CURRENT LIABILITIES	$547M
Long-Term Debt	$262M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$281M
TOTAL LIABILITIES	$828M
Common Stock	$500.0K
Additional Paid-In Capital	$476M
Retained Earnings	$766M
Treasury Stock	-$480M
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$781M
Minority Interest	$0
TOTAL EQUITY	$781M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$266M
Net Debt	-$80M