2021 Q1 Form 10-Q Financial Statement

#000078578621000015 Filed on February 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1
Revenue $857.6M
YoY Change 0.61%
Cost Of Revenue $751.1M
YoY Change -2.86%
Gross Profit $79.28M
YoY Change 0.1%
Gross Profit Margin 9.24%
Selling, General & Admin $32.41M
YoY Change -17.53%
% of Gross Profit 40.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.84M
YoY Change 5.97%
% of Gross Profit 18.71%
Operating Expenses $32.41M
YoY Change -17.53%
Operating Profit $46.87M
YoY Change 17.46%
Interest Expense $4.086M
YoY Change -216.74%
% of Operating Profit 8.72%
Other Income/Expense, Net -$1.518M
YoY Change -31.0%
Pretax Income $41.64M
YoY Change 21.39%
Income Tax $5.400M
% Of Pretax Income 12.97%
Net Earnings $36.20M
YoY Change 16.77%
Net Earnings / Revenue 4.22%
Basic Earnings Per Share $1.25
Diluted Earnings Per Share $1.23
COMMON SHARES
Basic Shares Outstanding 28.86M shares
Diluted Shares Outstanding 29.54M shares

Balance Sheet

Concept 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $356.7M
YoY Change 41.04%
Cash & Equivalents $356.7M
Short-Term Investments
Other Short-Term Assets $39.40M
YoY Change 9.44%
Inventory $764.3M
Prepaid Expenses
Receivables $484.7M
Other Receivables $0.00
Total Short-Term Assets $1.758B
YoY Change 10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $381.6M
YoY Change -1.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $60.80M
YoY Change 70.02%
Total Long-Term Assets $513.7M
YoY Change -0.58%
TOTAL ASSETS
Total Short-Term Assets $1.758B
Total Long-Term Assets $513.7M
Total Assets $2.272B
YoY Change 7.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $489.0M
YoY Change -5.14%
Accrued Expenses $162.2M
YoY Change -4.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $148.4M
YoY Change 118.88%
Total Short-Term Liabilities $955.5M
YoY Change 7.37%
LONG-TERM LIABILITIES
Long-Term Debt $188.1M
YoY Change 0.7%
Other Long-Term Liabilities $24.23M
YoY Change 40.42%
Total Long-Term Liabilities $309.6M
YoY Change -0.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $955.5M
Total Long-Term Liabilities $309.6M
Total Liabilities $1.265B
YoY Change 5.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.331B
YoY Change 10.15%
Common Stock $536.0K
YoY Change 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.007B
YoY Change
Total Liabilities & Shareholders Equity $2.272B
YoY Change 7.68%

Cashflow Statement

Concept 2021 Q1
OPERATING ACTIVITIES
Net Income $36.20M
YoY Change 16.77%
Depreciation, Depletion And Amortization $14.84M
YoY Change 5.97%
Cash From Operating Activities $6.716M
YoY Change -91.01%
INVESTING ACTIVITIES
Capital Expenditures $15.88M
YoY Change -215.91%
Acquisitions
YoY Change
Other Investing Activities -$113.0K
YoY Change -137.67%
Cash From Investing Activities -$15.77M
YoY Change 17.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $22.77M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$24.82M
YoY Change -25.01%
NET CHANGE
Cash From Operating Activities $6.716M
Cash From Investing Activities -$15.77M
Cash From Financing Activities -$24.82M
Net Change In Cash -$30.96M
YoY Change -209.79%
FREE CASH FLOW
Cash From Operating Activities $6.716M
Capital Expenditures $15.88M
Free Cash Flow -$9.164M
YoY Change -110.37%

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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2912000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
604000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-30961000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28868000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
226254000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356933000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255122000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
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637978000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
630833000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
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52767000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
53602000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
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73577000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
79026000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
764322000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
763461000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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288000000.0 USD
CY2021Q1 plxs Finance Lease Obligations
FinanceLeaseObligations
49939000 USD
CY2020Q4 plxs Finance Lease Obligations
FinanceLeaseObligations
48435000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1383000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1631000 USD
CY2021Q1 plxs Long Term Debt And Finance Lease Obligations Including Current Maturities
LongTermDebtAndFinanceLeaseObligationsIncludingCurrentMaturities
336556000 USD
CY2020Q4 plxs Long Term Debt And Finance Lease Obligations Including Current Maturities
LongTermDebtAndFinanceLeaseObligationsIncludingCurrentMaturities
334804000 USD
CY2021Q1 plxs Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
148408000 USD
CY2020Q4 plxs Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
146829000 USD
CY2021Q1 plxs Long Term Debt And Finance Lease Obligations
LongTermDebtAndFinanceLeaseObligations
188148000 USD
CY2020Q4 plxs Long Term Debt And Finance Lease Obligations
LongTermDebtAndFinanceLeaseObligations
187975000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
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302500000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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299300000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
288000000.0 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
5200000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3300000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.131
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.095
plxs Plxs Tax Cutsand Jobs Actof2017 Income Tax Expense Benefit
Plxs_TaxCutsandJobsActof2017IncomeTaxExpenseBenefit
-1900000 USD
plxs Special Tax Items Expense Benefit
SpecialTaxItemsExpenseBenefit
1100000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
36199000 USD
us-gaap Net Income Loss
NetIncomeLoss
31006000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28861000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29147000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
678000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
918000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29539000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30065000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1016000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1194000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1203000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1291000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2752000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
3181000 USD
CY2021Q1 plxs Other Lease Expense
OtherLeaseExpense
1253000 USD
plxs Other Lease Expense
OtherLeaseExpense
120000 USD
CY2021Q1 plxs Lease Expense
LeaseExpense
6224000 USD
plxs Lease Expense
LeaseExpense
5786000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36812000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36408000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
71296000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
69879000 USD
CY2021Q1 plxs Lease Assets
LeaseAssets
108108000 USD
CY2020Q4 plxs Lease Assets
LeaseAssets
106287000 USD
CY2021Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3039000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2700000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9351000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37052000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
36779000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7724000 USD
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
37323000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
37033000 USD
CY2021Q1 plxs Lease Liability
LeaseLiability
86765000 USD
CY2020Q4 plxs Lease Liability
LeaseLiability
84236000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000.0 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q1 us-gaap Interest Expense
InterestExpense
4086000 USD
us-gaap Interest Expense
InterestExpense
4132000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
374000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
830355000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
852409000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
46866000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39934000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
645000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1518000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2173000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41636000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34274000 USD
CY2021Q1 us-gaap Assets
Assets
2272058000 USD
CY2020Q4 us-gaap Assets
Assets
2289848000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6386000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6276000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
857592000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
465000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
364000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1066000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
776000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5785000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5864000 USD
CY2021Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
198400000 USD
CY2020Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
227800000 USD
CY2021Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
197800000 USD
CY2020Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
226600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
889095000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
113946000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
90841000 USD
CY2021Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
753565000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
772708000 USD
CY2021Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-754286000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-756509000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
113225000 USD
CY2020Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
107040000 USD
CY2021Q1 us-gaap Deferred Revenue
DeferredRevenue
55500000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
55600000 USD

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