Plexus Corp. (PLXS) Financial Statements (2024 and earlier)

Company Profile

Business Address PLEXUS CORP
NEENAH, WI 54956
State of Incorp. WI
Fiscal Year End September 30
Industry (SIC) 3672 - Printed Circuit Boards (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments231,982256,233252,965269,664247,880274,805
Cash and cash equivalents231,982256,233252,965269,664247,880274,805
Restricted cash and investments43042158970031665
Receivables656,207661,542706,898661,445733,962737,696
Inventory, net of allowances, customer advances and progress billings1,575,0941,562,0371,641,6731,649,7191,645,0111,602,783
Inventory1,575,0941,562,0371,641,6731,649,7191,645,0111,602,783
Contract with customer, asset, after allowance for credit loss131,640142,297132,995133,029119,016138,540
Other undisclosed current assets54,87949,69364,16665,71768,40161,633
Total current assets:2,650,2322,672,2232,799,2862,780,2742,814,3012,816,122
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization39,835 37,51140,86938,025 
Operating lease, right-of-use asset67,42069,36371,91462,79564,06965,134
Deferred income tax assets62,72162,59040,35039,40539,33739,075
Other noncurrent assets25,26124,96030,91130,15929,26028,189
Other undisclosed noncurrent assets459,144492,036438,971428,518410,300444,705
Total noncurrent assets:654,381648,949619,657601,746580,991577,103
TOTAL ASSETS:3,304,6133,321,1723,418,9433,382,0203,395,2923,393,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities782,734812,1111,054,0241,092,1681,114,3471,340,608
Employee-related liabilities88,876
Accounts payable647,386646,610697,112729,225753,755805,583
Accrued liabilities135,348165,501356,912362,943360,592446,149
Deferred revenue709,709760,351    
Debt5,0344,0345,9696,6454,4065,087
Other undisclosed current liabilities246,085236,171880,984819,049835,707660,494
Total current liabilities:1,743,5621,812,6671,940,9771,917,8621,954,4602,006,189
Noncurrent Liabilities
Long-term debt and lease obligation41,14439,27138,73140,01338,58372,885
Finance lease, liability41,14439,27138,73140,01338,58339,257
Liabilities, other than long-term debt102,178117,270106,13693,046103,30178,901
Accounts payable and accrued liabilities31,38231,38231,38231,38242,01942,019
Deferred income tax liabilities4,4104,3504,4444,9015,6166,327
Liability for uncertainty in income taxes  14,000   9,000
Other liabilities30,39728,98629,79525,50623,51721,555
Operating lease, liability35,98938,55240,51531,25732,14933,628
Other undisclosed noncurrent liabilities150,974137,582148,737148,717148,689139,519
Total noncurrent liabilities:294,296294,123293,604281,776290,573291,305
Total liabilities:2,037,8582,106,7902,234,5812,199,6382,245,0332,297,494
Equity
Equity, attributable to parent1,266,7551,214,3821,184,3621,182,3821,150,2591,095,731
Common stock543543543543541541
Treasury stock, value(1,134,429)(1,134,429)(1,130,914)(1,117,360)(1,104,953)(1,093,483)
Additional paid in capital663,542661,270655,675651,667654,059652,467
Accumulated other comprehensive loss(3,444)(24,330)(12,009)(7,736)(13,812)(36,028)
Retained earnings1,740,5431,711,3281,671,0671,655,2681,614,4241,572,234
Total equity:1,266,7551,214,3821,184,3621,182,3821,150,2591,095,731
TOTAL LIABILITIES AND EQUITY:3,304,6133,321,1723,418,9433,382,0203,395,2923,393,225

Income Statement (P&L) ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Revenues1,008,1191,053,9581,047,8931,096,8701,120,9391,153,916
Cost of revenue
(Cost of Goods and Services Sold)
(894,467)(927,231)(927,964)(967,830)(992,726)(1,016,743)
Other undisclosed gross profit(25,512)(30,011)(26,283)(26,047)(27,014)(30,068)
Gross profit:88,14096,71693,646102,993101,199107,105
Operating expenses(42,982)(43,383)(65,442)(46,051)(43,858)(44,791)
Operating income:45,15853,33328,20456,94257,34162,314
Nonoperating income (expense)(2,694)1,194(2,596)(853)(1,010)172
Investment income, nonoperating808847598759934454
Other nonoperating income (expense)(3,502)347(3,194)(1,612)(1,944)(282)
Interest and debt expense(7,617)(8,130)(8,231)(8,287)(6,894)(5,544)
Income from continuing operations before equity method investments, income taxes:34,84746,39717,37747,80249,43756,942
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:34,84746,39717,37747,80249,43756,942
Income tax expense(5,632)(6,136)(1,578)(6,958)(7,247)(6,485)
Income from continuing operations:29,21540,26115,79940,84442,19050,457
Income before gain (loss) on sale of properties:50,457
Net income available to common stockholders, diluted:29,21540,26115,79940,84442,19050,457

Comprehensive Income ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Net income:29,21540,26115,79940,84442,19050,457
Comprehensive income:29,21540,26115,79940,84442,19050,457
Other undisclosed comprehensive income (loss), net of tax, attributable to parent20,886(12,321)(4,273)6,07622,216(14,734)
Comprehensive income, net of tax, attributable to parent:50,10127,94011,52646,92064,40635,723

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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