2024 Q3 Form 10-Q Financial Statement

#000078578624000056 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.051B $991.0M
YoY Change 2.83% -9.66%
Cost Of Revenue $942.7M $866.3M
YoY Change 1.58% -10.49%
Gross Profit $107.9M $94.42M
YoY Change 15.23% -8.33%
Gross Profit Margin 10.27% 9.53%
Selling, General & Admin $54.05M $45.95M
YoY Change 27.64% -0.22%
% of Gross Profit 50.09% 48.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.60M $19.74M
YoY Change 9.29% 15.11%
% of Gross Profit 18.16% 20.9%
Operating Expenses $54.05M $45.95M
YoY Change 27.64% -0.22%
Operating Profit $53.86M $39.25M
YoY Change 4.99% -31.08%
Interest Expense -$4.357M $7.389M
YoY Change -42.92% -10.84%
% of Operating Profit -8.09% 18.83%
Other Income/Expense, Net -$4.087M -$2.568M
YoY Change 27.96% 59.31%
Pretax Income $45.41M $30.30M
YoY Change 161.35% -36.61%
Income Tax $4.193M $5.164M
% Of Pretax Income 9.23% 17.04%
Net Earnings $41.22M $25.14M
YoY Change 160.91% -38.45%
Net Earnings / Revenue 3.92% 2.54%
Basic Earnings Per Share $0.92
Diluted Earnings Per Share $1.48 $0.91
COMMON SHARES
Basic Shares Outstanding 27.23M shares 27.39M shares
Diluted Shares Outstanding 27.77M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $345.1M $269.9M
YoY Change 36.43% 0.08%
Cash & Equivalents $345.1M $269.9M
Short-Term Investments
Other Short-Term Assets $77.68M $76.92M
YoY Change 19.96% 15.81%
Inventory $1.311B $1.434B
Prepaid Expenses
Receivables $742.9M $643.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.477B $2.541B
YoY Change -11.51% -8.61%
LONG-TERM ASSETS
Property, Plant & Equipment $575.5M $548.7M
YoY Change 4.94% 3.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.2M $26.18M
YoY Change 42.01% -13.18%
Total Long-Term Assets $676.7M $630.0M
YoY Change 9.2% 4.7%
TOTAL ASSETS
Total Short-Term Assets $2.477B $2.541B
Total Long-Term Assets $676.7M $630.0M
Total Assets $3.154B $3.171B
YoY Change -7.75% -6.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $606.4M $592.6M
YoY Change -13.02% -18.73%
Accrued Expenses $170.4M $137.7M
YoY Change -52.25% -62.07%
Deferred Revenue $709.2M $736.2M
YoY Change -6.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $157.3M $258.2M
YoY Change -48.38% -12.19%
Total Short-Term Liabilities $1.643B $1.725B
YoY Change -15.34% -10.07%
LONG-TERM LIABILITIES
Long-Term Debt $89.99M $90.72M
YoY Change -52.0% -51.93%
Other Long-Term Liabilities $87.48M $35.68M
YoY Change -13.98% 39.88%
Total Long-Term Liabilities $177.5M $179.8M
YoY Change -38.63% -36.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.643B $1.725B
Total Long-Term Liabilities $177.5M $179.8M
Total Liabilities $1.829B $1.905B
YoY Change -18.15% -13.42%
SHAREHOLDERS EQUITY
Retained Earnings $1.823B $1.782B
YoY Change 9.1% 7.65%
Common Stock $545.0K $545.0K
YoY Change 0.37% 0.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.325B $1.266B
YoY Change
Total Liabilities & Shareholders Equity $3.154B $3.171B
YoY Change -7.75% -6.24%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $41.22M $25.14M
YoY Change 160.91% -38.45%
Depreciation, Depletion And Amortization $19.60M $19.74M
YoY Change 9.29% 15.11%
Cash From Operating Activities $220.1M $131.6M
YoY Change 1069.11% 24.21%
INVESTING ACTIVITIES
Capital Expenditures $26.31M $17.36M
YoY Change -13.18% -34.26%
Acquisitions
YoY Change
Other Investing Activities $106.0K -$207.0K
YoY Change -48.54% -155.5%
Cash From Investing Activities -$26.20M -$17.57M
YoY Change -12.94% -32.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -121.3M -108.7M
YoY Change 2943.44% 87.82%
NET CHANGE
Cash From Operating Activities 220.1M 131.6M
Cash From Investing Activities -26.20M -17.57M
Cash From Financing Activities -121.3M -108.7M
Net Change In Cash 72.65M 5.364M
YoY Change -576.29% -75.68%
FREE CASH FLOW
Cash From Operating Activities $220.1M $131.6M
Capital Expenditures $26.31M $17.36M
Free Cash Flow $193.8M $114.2M
YoY Change -1789.24% 43.63%

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CY2023Q3 us-gaap Stockholders Equity
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CY2023Q3 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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CY2023Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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CY2023Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
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us-gaap Interest Expense
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us-gaap Asset Impairment Charges
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Reclassification:</span></div>Certain prior year amounts in the consolidated financial statements and notes thereto have been reclassified related to advanced payments from customers to conform to the current year's presentation.
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CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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CY2024Q2 us-gaap Assets
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Contract With Customer Asset Net Current
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CY2022Q4 us-gaap Contract With Customer Asset Net Current
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us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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us-gaap Contract With Customer Asset Reclassified To Receivable
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us-gaap Contract With Customer Asset Reclassified To Receivable
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CY2024Q2 us-gaap Contract With Customer Asset Net Current
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CY2023Q3 us-gaap Contract With Customer Asset Net Current
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CY2024Q2 us-gaap Deferred Revenue
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CY2023Q3 us-gaap Deferred Revenue
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us-gaap Restructuring Charges
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RestructuringReserve
0 usd
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
11038000 usd
CY2024Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-3375000 usd
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
7663000 usd
CY2024Q2 us-gaap Restructuring Charges
RestructuringCharges
9219000 usd
CY2024Q2 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-10682000 usd
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
6200000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
23094000 usd
CY2023Q3 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-20085000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
3009000 usd

Files In Submission

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plxs-20240629_pre.xml Edgar Link unprocessable
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0000785786-24-000056-index.html Edgar Link pending
0000785786-24-000056.txt Edgar Link pending
0000785786-24-000056-xbrl.zip Edgar Link pending
exhibit1012024plexusperfor.htm Edgar Link pending
exhibit1022024plexusperfor.htm Edgar Link pending
exhibit1032024plexusrestri.htm Edgar Link pending
exhibit1042024plexusdirect.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
plxs-20240629.htm Edgar Link pending
plxs-20240629.xsd Edgar Link pending
plxs-20240629_g1.gif Edgar Link pending
plxsf2410-qq3exhibit311.htm Edgar Link pending
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plxs-20240629_cal.xml Edgar Link unprocessable
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plxs-20240629_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable