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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Molex Incorporated (MM) | NASDAQ:MOLX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 38.68 | 0 | 01:00:00 |
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ý
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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¨
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
Delaware
|
|
36-2369491
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
|
Large accelerated filer
|
|
þ
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Accelerated filer
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¨
|
|
|
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|
|||
Non-accelerated filer
|
|
¨
|
|
Smaller reporting company
|
|
¨
|
Common Stock
|
95,560,076
|
|
Class A Common Stock
|
83,410,067
|
|
Class B Common Stock
|
94,255
|
|
|
|
Page
|
PART I — FINANCIAL INFORMATION
|
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PART II — OTHER INFORMATION
|
|
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Section 302 Certification of Chief Executive Officer
|
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Section 302 Certification of Chief Financial Officer
|
|
Section 906 Certification of Chief Executive Officer
|
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Section 906 Certification of Chief Financial Officer
|
|
|
September 30,
2013 |
|
June 30,
2013 |
||||
|
(Unaudited)
|
|
|
||||
ASSETS
|
|||||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
665,156
|
|
|
$
|
711,561
|
|
Marketable securities
|
11,083
|
|
|
10,378
|
|
||
Accounts receivable, less allowances of $41,376 and $40,855, respectively
|
736,983
|
|
|
703,434
|
|
||
Inventories
|
580,481
|
|
|
531,810
|
|
||
Deferred income taxes
|
54,100
|
|
|
54,163
|
|
||
Other current assets
|
39,901
|
|
|
32,538
|
|
||
Total current assets
|
2,087,704
|
|
|
2,043,884
|
|
||
Property, plant and equipment, net
|
1,128,494
|
|
|
1,114,092
|
|
||
Goodwill
|
231,050
|
|
|
191,053
|
|
||
Non-current deferred income taxes
|
51,735
|
|
|
52,543
|
|
||
Other assets
|
187,034
|
|
|
185,282
|
|
||
Total assets
|
$
|
3,686,017
|
|
|
$
|
3,586,854
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|||||||
Current liabilities:
|
|
|
|
||||
Short-term borrowings and current portion of long-term debt
|
$
|
42,458
|
|
|
$
|
54,283
|
|
Accounts payable
|
354,565
|
|
|
347,700
|
|
||
Accrued expenses:
|
|
|
|
||||
Salaries, commissions and bonuses
|
123,729
|
|
|
113,433
|
|
||
Other
|
144,866
|
|
|
127,652
|
|
||
Income taxes payable
|
20,833
|
|
|
15,966
|
|
||
Total current liabilities
|
686,451
|
|
|
659,034
|
|
||
Other non-current liabilities
|
20,702
|
|
|
18,382
|
|
||
Accrued pension and other postretirement benefits
|
74,431
|
|
|
76,275
|
|
||
Long-term debt
|
315,000
|
|
|
310,000
|
|
||
Total liabilities
|
1,096,584
|
|
|
1,063,691
|
|
||
Commitments and contingencies
|
|
|
|
||||
Stockholders’ equity:
|
|
|
|
||||
Common stock
|
11,482
|
|
|
11,451
|
|
||
Paid-in capital
|
759,043
|
|
|
753,954
|
|
||
Retained earnings
|
2,665,101
|
|
|
2,623,868
|
|
||
Treasury stock
|
(1,122,464
|
)
|
|
(1,119,358
|
)
|
||
Accumulated other comprehensive income
|
276,271
|
|
|
253,248
|
|
||
Total stockholders’ equity
|
2,589,433
|
|
|
2,523,163
|
|
||
Total liabilities and stockholders’ equity
|
$
|
3,686,017
|
|
|
$
|
3,586,854
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Net revenue
|
$
|
936,367
|
|
|
$
|
916,921
|
|
Cost of sales
|
633,816
|
|
|
648,504
|
|
||
Gross profit
|
302,551
|
|
|
268,417
|
|
||
Selling, general and administrative
|
179,429
|
|
|
163,121
|
|
||
Unauthorized activities in Japan
|
—
|
|
|
2,561
|
|
||
Total operating expenses
|
179,429
|
|
|
165,682
|
|
||
Income from operations
|
123,122
|
|
|
102,735
|
|
||
Interest expense, net
|
(1,827
|
)
|
|
(810
|
)
|
||
Other (expense) income, net
|
(2,918
|
)
|
|
1,196
|
|
||
Total other (expense) income, net
|
(4,745
|
)
|
|
386
|
|
||
Income before income taxes
|
118,377
|
|
|
103,121
|
|
||
Income taxes
|
34,298
|
|
|
31,807
|
|
||
Net income
|
$
|
84,079
|
|
|
$
|
71,314
|
|
Earnings per share:
|
|
|
|
||||
Basic
|
$
|
0.47
|
|
|
$
|
0.40
|
|
Diluted
|
$
|
0.46
|
|
|
$
|
0.40
|
|
Dividends declared per share
|
$
|
0.24
|
|
|
$
|
0.22
|
|
Average common shares outstanding:
|
|
|
|
||||
Basic
|
178,247
|
|
|
176,621
|
|
||
Diluted
|
181,545
|
|
|
178,564
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Net income
|
$
|
84,079
|
|
|
$
|
71,314
|
|
Foreign currency translation adjustments
|
25,077
|
|
|
31,053
|
|
||
Pension and postretirement medical benefits adjustments, net of tax of $58 and $421 for the three months ended September 30, 2013 and 2012
|
(3,951
|
)
|
|
(491
|
)
|
||
Unrealized gain on derivative instruments, net of tax of $731 and $1,587 for the three months ended September 30, 2013 and 2012
|
1,413
|
|
|
3,064
|
|
||
Unrealized investment gain (loss), net of tax of $144 and $85 for the three months ended September 30, 2013 and 2012
|
484
|
|
|
(493
|
)
|
||
Other comprehensive income
|
23,023
|
|
|
33,133
|
|
||
Total comprehensive income
|
$
|
107,102
|
|
|
$
|
104,447
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Operating activities:
|
|
|
|
||||
Net income
|
$
|
84,079
|
|
|
$
|
71,314
|
|
Add (deduct) non-cash items included in net income:
|
|
|
|
||||
Depreciation and amortization
|
57,245
|
|
|
57,742
|
|
||
Share-based compensation
|
6,195
|
|
|
6,160
|
|
||
Other non-cash items
|
(206
|
)
|
|
3,767
|
|
||
Changes in assets and liabilities:
|
|
|
|
||||
Accounts receivable
|
(14,881
|
)
|
|
(7,903
|
)
|
||
Inventories
|
(32,900
|
)
|
|
(28,902
|
)
|
||
Accounts payable
|
(1,359
|
)
|
|
49,569
|
|
||
Other current assets and liabilities
|
10,521
|
|
|
4,326
|
|
||
Other assets and liabilities
|
(9,843
|
)
|
|
11,331
|
|
||
Cash provided from operating activities
|
98,851
|
|
|
167,404
|
|
||
|
|
|
|
||||
Investing activities:
|
|
|
|
||||
Capital expenditures
|
(47,018
|
)
|
|
(69,413
|
)
|
||
Acquisitions
|
(62,993
|
)
|
|
—
|
|
||
Proceeds from sales of property, plant and equipment
|
131
|
|
|
1,914
|
|
||
Proceeds from sales or maturities of marketable securities
|
1,789
|
|
|
3,168
|
|
||
Purchases of marketable securities
|
(2,574
|
)
|
|
(4,099
|
)
|
||
Insurance proceeds and other investing activities
|
(920
|
)
|
|
9,722
|
|
||
Cash used for investing activities
|
(111,585
|
)
|
|
(58,708
|
)
|
||
|
|
|
|
||||
Financing activities:
|
|
|
|
||||
Proceeds from revolving credit facility, short-term loans and debt
|
63,510
|
|
|
10,000
|
|
||
Payments on revolving credit facility, short-term loans and debt
|
(70,557
|
)
|
|
(41,611
|
)
|
||
Cash dividends paid
|
(42,723
|
)
|
|
(38,827
|
)
|
||
Exercise of stock options
|
7,680
|
|
|
1,715
|
|
||
Other financing activities
|
(1,112
|
)
|
|
(1,026
|
)
|
||
Cash used for financing activities
|
(43,202
|
)
|
|
(69,749
|
)
|
||
Effect of exchange rate changes on cash
|
9,531
|
|
|
9,608
|
|
||
Net (decrease) increase in cash and cash equivalents
|
(46,405
|
)
|
|
48,555
|
|
||
Cash and cash equivalents, beginning of period
|
711,561
|
|
|
637,417
|
|
||
Cash and cash equivalents, end of period
|
$
|
665,156
|
|
|
$
|
685,972
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Net income
|
$
|
84,079
|
|
|
$
|
71,314
|
|
Basic average common shares outstanding
|
178,247
|
|
|
176,621
|
|
||
Effect of dilutive stock options
|
3,298
|
|
|
1,943
|
|
||
Diluted weighted average common shares outstanding
|
181,545
|
|
|
178,564
|
|
||
Earnings per share:
|
|
|
|
||||
Basic
|
$
|
0.47
|
|
|
$
|
0.40
|
|
Diluted
|
$
|
0.46
|
|
|
$
|
0.40
|
|
|
September 30,
2013 |
|
June 30,
2013 |
||||
Raw materials
|
$
|
91,771
|
|
|
$
|
77,202
|
|
Work in process
|
174,146
|
|
|
153,581
|
|
||
Finished goods
|
314,564
|
|
|
301,027
|
|
||
Total inventories
|
$
|
580,481
|
|
|
$
|
531,810
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Service cost
|
$
|
1,509
|
|
|
$
|
1,627
|
|
Interest cost
|
2,155
|
|
|
2,060
|
|
||
Expected return on plan assets
|
(2,442
|
)
|
|
(2,272
|
)
|
||
Amortization of prior service cost
|
53
|
|
|
65
|
|
||
Recognized actuarial losses
|
627
|
|
|
681
|
|
||
Amortization of transition obligation
|
4
|
|
|
10
|
|
||
Other income
|
—
|
|
|
(59
|
)
|
||
Benefit cost
|
$
|
1,906
|
|
|
$
|
2,112
|
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Service cost
|
$
|
19
|
|
|
$
|
179
|
|
Interest cost
|
97
|
|
|
341
|
|
||
Amortization of prior service cost
|
(2,572
|
)
|
|
(516
|
)
|
||
Recognized actuarial gains
|
(292
|
)
|
|
(179
|
)
|
||
Benefit
|
$
|
(2,748
|
)
|
|
$
|
(175
|
)
|
|
Average
Interest Rate |
|
Calendar
Year Maturity |
|
September 30,
2013 |
|
June 30,
2013 |
|||||
Long-term debt:
|
|
|
|
|
|
|
|
|||||
Private Placement
|
3.59
|
%
|
|
2016 – 2021
|
|
$
|
150,000
|
|
|
$
|
150,000
|
|
U.S. Credit Facility
|
1.18
|
%
|
|
2018
|
|
165,000
|
|
|
160,000
|
|
||
Other debt
|
Varies
|
|
|
2013 – 2014
|
|
403
|
|
|
415
|
|
||
Total long-term debt
|
|
|
|
|
315,403
|
|
|
310,415
|
|
|||
Less current portion of long-term debt:
|
|
|
|
|
|
|
|
|||||
Other debt
|
Varies
|
|
|
|
|
403
|
|
|
415
|
|
||
Long-term debt, less current portion
|
|
|
|
|
315,000
|
|
|
310,000
|
|
|||
Short-term borrowings:
|
|
|
|
|
|
|
|
|||||
Overdraft loans
|
0.46
|
%
|
|
2014
|
|
38,369
|
|
|
50,450
|
|
||
Other short-term borrowings
|
Varies
|
|
|
|
|
3,686
|
|
|
3,418
|
|
||
Total short-term borrowings
|
|
|
|
|
42,055
|
|
|
53,868
|
|
|||
Total debt
|
|
|
|
|
$
|
357,458
|
|
|
$
|
364,283
|
|
Year one
|
$
|
403
|
|
Year two
|
—
|
|
|
Year three
|
50,000
|
|
|
Year four
|
—
|
|
|
Year five
|
215,000
|
|
|
Thereafter
|
50,000
|
|
|
Total long-term debt obligations
|
$
|
315,403
|
|
|
Foreign Currency Translation Adjustments
|
|
Pension and Postretirement Medical Benefits
|
|
Unrealized (Loss) Gain on Derivative Instruments
|
|
Unrealized Investment Gain
|
|
Total
|
||||||||||
Balance at June 30, 2013
|
$
|
291,613
|
|
|
$
|
(36,322
|
)
|
|
$
|
(2,936
|
)
|
|
$
|
893
|
|
|
$
|
253,248
|
|
Other comprehensive income (loss) before reclassifications
|
25,077
|
|
|
(1,129
|
)
|
|
226
|
|
|
484
|
|
|
24,658
|
|
|||||
Reclassifications to net income
|
—
|
|
|
(2,822
|
)
|
|
1,187
|
|
|
—
|
|
|
(1,635
|
)
|
|||||
Other comprehensive income (loss)
|
25,077
|
|
|
(3,951
|
)
|
|
1,413
|
|
|
484
|
|
|
23,023
|
|
|||||
Balance at September 30, 2013
|
$
|
316,690
|
|
|
$
|
(40,273
|
)
|
|
$
|
(1,523
|
)
|
|
$
|
1,377
|
|
|
$
|
276,271
|
|
|
Total
Measured at Fair Value |
|
Quoted Prices
in Active Markets for Identical Assets (Level 1) |
|
Significant
Other Observable Inputs (Level 2) |
|
Significant
Unobservable Inputs (Level 3) |
||||||||||||||||||||||||
|
Sept. 30, 2013
|
|
June 30, 2013
|
|
Sept. 30, 2013
|
|
June 30, 2013
|
|
Sept. 30, 2013
|
|
June 30, 2013
|
|
Sept. 30, 2013
|
|
June 30, 2013
|
||||||||||||||||
Available-for-sale and trading securities
|
$
|
21,974
|
|
|
$
|
20,772
|
|
|
$
|
21,974
|
|
|
$
|
20,772
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Derivative financial instruments, net
|
1,951
|
|
|
2,081
|
|
|
—
|
|
|
—
|
|
|
1,951
|
|
|
2,081
|
|
|
—
|
|
|
—
|
|
|
|
2013
|
|
2012
|
||||
Unrealized gain recognized in AOCI
|
|
$
|
280
|
|
|
$
|
7,147
|
|
Realized loss reclassified into earnings
|
|
(1,864
|
)
|
|
(2,496
|
)
|
•
|
The Connector segment designs and manufactures products for high-speed, high-density, high signal-integrity applications for the telecommunications, infotech and mobile devices markets as well as fine-pitch, low-profile connectors for the consumer market. It also designs and manufactures products that withstand environments such as heat, cold, dust, dirt, liquid and vibration for automotive and other transportation applications.
|
•
|
The Custom & Electrical segment designs and manufactures integrated and customizable electronic components across all industries that provide original, differentiated solutions to customer requirements. It also leverages expertise in the use of signal, power and interface technology in industrial automation and other harsh environment applications.
|
|
Connector
|
|
Custom &
Electrical |
|
Corporate
& Other |
|
Total
|
||||||||
For the three months ended:
|
|
|
|
|
|
|
|
||||||||
September 30, 2013:
|
|
|
|
|
|
|
|
||||||||
Revenues from external customers
|
$
|
639,525
|
|
|
$
|
296,658
|
|
|
$
|
184
|
|
|
$
|
936,367
|
|
Income (loss) from operations
|
111,551
|
|
|
51,422
|
|
|
(39,851
|
)
|
|
123,122
|
|
||||
Depreciation & amortization
|
46,323
|
|
|
7,452
|
|
|
3,470
|
|
|
57,245
|
|
||||
Capital expenditures
|
34,575
|
|
|
8,102
|
|
|
4,341
|
|
|
47,018
|
|
||||
|
|
|
|
|
|
|
|
||||||||
September 30, 2012:
|
|
|
|
|
|
|
|
||||||||
Revenues from external customers
|
$
|
656,574
|
|
|
$
|
259,784
|
|
|
$
|
563
|
|
|
$
|
916,921
|
|
Income (loss) from operations
|
95,256
|
|
|
40,860
|
|
|
(33,381
|
)
|
|
102,735
|
|
||||
Depreciation & amortization
|
46,275
|
|
|
7,079
|
|
|
4,388
|
|
|
57,742
|
|
||||
Capital expenditures
|
52,387
|
|
|
13,309
|
|
|
3,717
|
|
|
69,413
|
|
|
Connector
|
|
Custom &
Electrical |
|
Corporate
& Other |
|
Total
|
||||||||
September 30, 2013
|
$
|
1,787,680
|
|
|
$
|
546,605
|
|
|
$
|
111,673
|
|
|
$
|
2,445,958
|
|
June 30, 2013
|
1,723,316
|
|
|
513,813
|
|
|
112,207
|
|
|
2,349,336
|
|
|
September 30,
2013 |
|
June 30,
2013 |
||||
Segment assets
|
$
|
2,445,958
|
|
|
$
|
2,349,336
|
|
Other current assets
|
770,240
|
|
|
808,640
|
|
||
Other non-current assets
|
469,819
|
|
|
428,878
|
|
||
Consolidated total assets
|
$
|
3,686,017
|
|
|
$
|
3,586,854
|
|
•
|
The Connector segment designs and manufactures products for high-speed, high-density, high signal-integrity applications for the telecommunications, infotech and mobile devices markets as well as fine-pitch, low-profile connectors for the consumer market. It also designs and manufactures products that withstand environments such as heat, cold, dust, dirt, liquid and vibration for automotive and other transportation applications.
|
•
|
The Custom & Electrical segment designs and manufactures integrated and customizable electronic components across all industries that provide original, differentiated solutions to customer requirements. It also leverages expertise in the use of signal, power and interface technology in industrial automation and other harsh environment applications.
|
|
2013
|
|
Percentage
of Revenue |
|
2012
|
|
Percentage
of Revenue |
||||||
Net revenue
|
$
|
936,367
|
|
|
100.0
|
%
|
|
$
|
916,921
|
|
|
100.0
|
%
|
Cost of sales
|
633,816
|
|
|
67.7
|
%
|
|
648,504
|
|
|
70.7
|
%
|
||
Gross profit
|
302,551
|
|
|
32.3
|
%
|
|
268,417
|
|
|
29.3
|
%
|
||
Selling, general & administrative
|
179,429
|
|
|
19.2
|
%
|
|
163,121
|
|
|
17.8
|
%
|
||
Unauthorized activities in Japan
|
—
|
|
|
—
|
%
|
|
2,561
|
|
|
0.3
|
%
|
||
Income from operations
|
123,122
|
|
|
13.1
|
%
|
|
102,735
|
|
|
11.2
|
%
|
||
Other (expense) income, net
|
(4,745
|
)
|
|
(0.5
|
%)
|
|
386
|
|
|
—
|
%
|
||
Income before income taxes
|
118,377
|
|
|
12.6
|
%
|
|
103,121
|
|
|
11.2
|
%
|
||
Income taxes
|
34,298
|
|
|
3.6
|
%
|
|
31,807
|
|
|
3.4
|
%
|
||
Net income
|
$
|
84,079
|
|
|
9.0
|
%
|
|
$
|
71,314
|
|
|
7.8
|
%
|
|
Sequential
Quarter |
|
Comparable
Quarter |
||
Telecommunications
|
19
|
%
|
|
6
|
%
|
Infotech
|
(2
|
)
|
|
(1
|
)
|
Mobile devices
|
17
|
|
|
(12
|
)
|
Consumer
|
7
|
|
|
(11
|
)
|
Industrial
|
1
|
|
|
7
|
|
Automotive
|
1
|
|
|
21
|
|
|
Three Months Ended
|
||
|
September 30, 2013
|
||
Net revenue for prior year period
|
$
|
916,921
|
|
Components of net revenue change:
|
|
||
Organic net revenue change
|
26,399
|
|
|
Currency translation
|
(17,056
|
)
|
|
Acquisitions
|
10,103
|
|
|
Total change in net revenue from prior year period
|
19,446
|
|
|
Net revenue for current year period
|
$
|
936,367
|
|
Organic net revenue change as a percentage of net revenue for prior year period
|
2.9
|
%
|
|
Three Months Ended
|
||||||||||
|
September 30, 2013
|
||||||||||
|
Local
Currency |
|
Currency
Translation |
|
Net
Change |
||||||
Americas
|
$
|
49,835
|
|
|
$
|
(156
|
)
|
|
$
|
49,679
|
|
Asia Pacific
|
(18,322
|
)
|
|
(22,998
|
)
|
|
(41,320
|
)
|
|||
Europe
|
5,093
|
|
|
6,098
|
|
|
11,191
|
|
|||
Corporate & Other
|
(104
|
)
|
|
—
|
|
|
(104
|
)
|
|||
Net change
|
$
|
36,502
|
|
|
$
|
(17,056
|
)
|
|
$
|
19,446
|
|
|
2013
|
|
2012
|
||||
Gross profit
|
$
|
302,551
|
|
|
$
|
268,417
|
|
Gross margin
|
32.3
|
%
|
|
29.3
|
%
|
|
2013
|
|
2012
|
||||
Copper (price per pound)
|
$
|
3.23
|
|
|
$
|
3.52
|
|
Gold (price per troy ounce)
|
1,330.00
|
|
|
1,653.00
|
|
Price erosion
|
$
|
(13,533
|
)
|
Currency translation
|
(7,056
|
)
|
|
Currency transaction
|
14,092
|
|
|
2013
|
|
2012
|
||||
Selling, general and administrative
|
$
|
179,429
|
|
|
$
|
163,121
|
|
Unauthorized activities in Japan
|
—
|
|
|
2,561
|
|
||
Selling, general and administrative as a percentage of net revenue
|
19.2
|
%
|
|
17.8
|
%
|
|
2013
|
|
Percentage
of Revenue |
|
2012
|
|
Percentage
of Revenue |
||||||
Connector
|
$
|
639,525
|
|
|
68.3
|
%
|
|
$
|
656,574
|
|
|
71.6
|
%
|
Custom & Electrical
|
296,658
|
|
|
31.7
|
|
|
259,784
|
|
|
28.3
|
|
||
Corporate & Other
|
184
|
|
|
—
|
|
|
563
|
|
|
0.1
|
|
||
Total
|
$
|
936,367
|
|
|
100.0
|
%
|
|
$
|
916,921
|
|
|
100.0
|
%
|
|
Three Months Ended
|
||
|
September 30, 2013
|
||
Net revenue for prior year period
|
$
|
656,574
|
|
Components of net revenue change:
|
|
||
Organic net revenue change
|
(1,063
|
)
|
|
Currency translation
|
(17,630
|
)
|
|
Acquisitions
|
1,644
|
|
|
Total change in net revenue from prior year period
|
(17,049
|
)
|
|
Net revenue for current year period
|
$
|
639,525
|
|
Organic net revenue change as a percentage of net revenue for prior year period
|
(0.2
|
)%
|
|
2013
|
|
2012
|
||||
Income from operations
|
$
|
111,551
|
|
|
$
|
95,256
|
|
Operating margin
|
17.4
|
%
|
|
14.5
|
%
|
|
Three Months Ended
|
||
|
September 30, 2013
|
||
Net revenue for prior year period
|
$
|
259,784
|
|
Components of net revenue change:
|
|
||
Organic net revenue change
|
27,863
|
|
|
Currency translation
|
552
|
|
|
Acquisitions
|
8,459
|
|
|
Total change in net revenue from prior year period
|
36,874
|
|
|
Net revenue for current year period
|
$
|
296,658
|
|
Organic net revenue change as a percentage of net revenue for prior year period
|
10.7
|
%
|
|
2013
|
|
2012
|
||||
Income from operations
|
$
|
51,422
|
|
|
$
|
40,860
|
|
Operating margin
|
17.3
|
%
|
|
15.7
|
%
|
|
Three Months Ended
|
||||||
|
September 30,
|
||||||
|
2013
|
|
2012
|
||||
Cash provided from operating activities
|
$
|
98,851
|
|
|
$
|
167,404
|
|
Cash used for investing activities
|
(111,585
|
)
|
|
(58,708
|
)
|
||
Cash used for financing activities
|
(43,202
|
)
|
|
(69,749
|
)
|
||
Effect of exchange rate changes on cash
|
9,531
|
|
|
9,608
|
|
||
Net (decrease) increase in cash and cash equivalents
|
$
|
(46,405
|
)
|
|
$
|
48,555
|
|
|
Total Number
of Shares Purchased |
|
Average Price
Paid per Share |
|
Total Number
of Shares Purchased as Part of Publicly Announced Plan |
||||
July 1 - July 31
|
|
|
|
|
|
||||
Common Stock
|
—
|
|
|
$
|
—
|
|
|
—
|
|
Class A Common Stock
|
2
|
|
|
$
|
25.03
|
|
|
—
|
|
August 1 - August 31
|
|
|
|
|
|
||||
Common Stock
|
—
|
|
|
$
|
—
|
|
|
—
|
|
Class A Common Stock
|
68
|
|
|
$
|
25.79
|
|
|
—
|
|
September 1 - September 30
|
|
|
|
|
|
||||
Common Stock
|
—
|
|
|
$
|
—
|
|
|
—
|
|
Class A Common Stock
|
45
|
|
|
$
|
38.24
|
|
|
—
|
|
Total
|
115
|
|
|
$
|
30.65
|
|
|
—
|
|
Number
|
|
Description
|
||
|
|
|||
2.1
|
|
Agreement and Plan of Merger dated as of September 9, 2013, by and among Molex Incorporated, Koch Industries, Inc., and Koch Connectors, Inc. Incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K filed on September 9, 2013. (File No. 000-07491)
|
||
|
|
|
||
10.1
|
|
Form of Voting and Support Agreement dated as of September 9, 2013, by and among each Supporting Stockholder, Koch Industries, Inc., and Koch Connectors, Inc. Incorporated by reference to Exhibit 99.1 to our Current Report on Form 8-K filed on September 9, 2013. (File No. 000-07491)
|
||
|
|
|
||
10.2
|
|
Retirement and Waiver and Release Agreement by and between the Company and Graham C. Brock, effective September 16, 2013. Incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on September 18, 2013. (File No. 000-07491)
|
||
|
|
|
||
10.3
|
|
1998 Molex Stock Option and Restricted Stock Plan, as amended and restated. Filed herewith
|
||
|
|
|
||
10.4
|
|
2000 Molex Long-Term Stock Plan, as amended and restated. Filed herewith
|
||
|
|
|
||
10.5
|
|
2008 Molex Stock Incentive Plan, as amended and restated. Filed herewith
|
||
|
|
|
||
10.6
|
|
Molex 2005 Outside Directors' Deferred Compensation Plan. Filed herewith
|
||
|
|
|
||
10.7
|
|
Molex Deferred Compensation Plan, as amended and restated. Filed herewith
|
||
|
|
|
||
31
|
|
Rule 13a-14(a)/15d-14(a) Certifications
|
||
|
|
|||
|
|
31.1 Section 302 certification by Chief Executive Officer
|
||
|
|
31.2 Section 302 certification by Chief Financial Officer
|
||
|
|
|||
32
|
|
Section 1350 Certifications
|
||
|
|
|||
|
|
32.1 Section 906 certification by Chief Executive Officer
|
||
|
|
32.2 Section 906 certification by Chief Financial Officer
|
||
|
|
|||
101.INS
|
|
XBRL Instance Document
|
||
|
|
|||
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
||
|
|
|||
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
||
|
|
|||
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
||
|
|
|||
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
||
|
|
|||
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
|
|
|
|
|
MOLEX INCORPORATED
|
|
|
|
|
|
|
|
(Registrant)
|
Date:
|
October 24, 2013
|
|
/S/ DAVID D. JOHNSON
|
|
|
|
|
|
|
|
David D. Johnson
|
|
|
|
Executive Vice President, Treasurer and
Chief Financial Officer (Principal Financial Officer) |
1 Year Molex Incorporated (MM) Chart |
1 Month Molex Incorporated (MM) Chart |
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