10-Q Filing

PLEXUS CORP CIK: 785786 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000785786-18-000012`
Period End Date	20171231
Filing Date	20180202
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	plxs-20171230.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 38 Cash Flow Statement 58

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.05M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$980.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$568.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$506.69M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$8.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$394.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances of $1,049 and $980, respectively	`AccountsReceivableNetCurrent`	$334.78M	USD	Point-in-time
Accounts receivable, net of allowances of $1,049 and $980, respectively	`AccountsReceivableNetCurrent`	$365.51M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$669.89M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$654.64M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.05M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$31.36M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.55B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	52.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	51.93M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$314.67M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	33.46M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$318.36M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	33.61M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	18.47M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	18.62M	shares	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$5.29M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$5.30M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$41.66M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$38.77M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$365.32M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$358.73M	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Total assets	`Assets`	$1.98B	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$286.93M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$179.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$420.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$414.00M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$107.84M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$102.82M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$49.38M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$52.48M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$49.45M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$61.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$907.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$817.18M	USD	Point-in-time
Long-term debt and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$26.17M	USD	Point-in-time
Long-term debt and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$26.05M	USD	Point-in-time
Long-term accrued income taxes payable	`AccruedIncomeTaxesNoncurrent`	$99.90M	USD	Point-in-time
Long-term accrued income taxes payable	`AccruedIncomeTaxesNoncurrent`	-	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$21.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$16.48M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.33M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$42.65M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$165.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$950.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$982.36M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 200,000 shares authorized, 52,231 and 51,934 shares issued, respectively, and 33,607 and 33,464 shares outstanding, respectively	`CommonStockValue`	$519.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000 shares authorized, 52,231 and 51,934 shares issued, respectively, and 33,607 and 33,464 shares outstanding, respectively	`CommonStockValue`	$522.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$567.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$555.30M	USD	Point-in-time
Common stock held in treasury, at cost, 18,624 and 18,470 shares, respectively	`TreasuryStockCommonValue`	$574.10M	USD	Point-in-time
Common stock held in treasury, at cost, 18,624 and 18,470 shares, respectively	`TreasuryStockCommonValue`	$583.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.05B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$950.71M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.98M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$933.85M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.98B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.92B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$635.02M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$677.29M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$570.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$613.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$63.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.36M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.45M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.27M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.07M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.55M	USD	1 Quarter
Miscellaneous	`OtherNonoperatingIncomeExpense`	$-346.00K	USD	1 Quarter
Miscellaneous	`OtherNonoperatingIncomeExpense`	$-674.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.85M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$127.53M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$28.18M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-98.49M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-2.93	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.93	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.57M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.57M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.54M	shares	1 Quarter
Derivative instrument fair value adjustment	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$1.54M	USD	1 Quarter
Derivative instrument fair value adjustment	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-5.40M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.36M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.14M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-16.76M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.68M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$11.42M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-94.81M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$28.18M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-98.49M	USD	1 Quarter
Depreciation	`Depreciation`	$11.70M	USD	1 Quarter
Depreciation	`Depreciation`	$11.45M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$77.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$78.00K	USD	1 Quarter
Gain on sale of property, plant and equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$111.00K	USD	1 Quarter
Gain on sale of property, plant and equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$124.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$21.91M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.62M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-31.46M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-68.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.02M	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.81M	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.45M	USD	1 Quarter
Accrued income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$106.16M	USD	1 Quarter
Accrued income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$394.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.64M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.76M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-5.20M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-417.00K	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.43M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.27M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.11M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$79.45M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.95M	USD	1 Quarter
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.70M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$124.00K	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$173.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.83M	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.53M	USD	1 Quarter
Borrowings under credit facility and other short-term borrowings	`ProceedsFromLongTermLinesOfCredit`	$216.31M	USD	1 Quarter
Borrowings under credit facility and other short-term borrowings	`ProceedsFromLongTermLinesOfCredit`	$73.60M	USD	1 Quarter
Payments on debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$324.19M	USD	1 Quarter
Payments on debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$73.47M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.06M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$9.55M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.51M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.12M	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.36M	USD	1 Quarter
Payments related to tax withholding for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$141.00K	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.17M	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.05M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.57M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.07M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.40M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$64.88M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$514.85M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$497.85M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$432.96M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$569.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$514.85M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$497.85M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$432.96M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$569.25M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.