*The data for 2015 does not include the results from J-Devices
**Advanced products include flip chip and wafer-level processing and related test services
***Mainstream products include wirebond packaging and related test services

In the press release above we provide EBITDA, which is not defined by U.S. GAAP. We define EBITDA as net income before interest expense, income tax expense and depreciation and amortization. We believe EBITDA to be relevant and useful information to our investors because it provides additional information in assessing our financial operating results. Our management uses EBITDA in evaluating our operating performance, our ability to service debt and our ability to fund capital expenditures. However, EBITDA has certain limitations in that it does not reflect the impact of certain expenses on our consolidated statements of income, including interest expense, which is a necessary element of our costs because we have borrowed money in order to finance our operations, income tax expense, which is a necessary element of our costs because taxes are imposed by law, and depreciation and amortization, which is a necessary element of our costs because we use capital assets to generate income. EBITDA should be considered in addition to, and not as a substitute for, or superior to, operating income, net income or other measures of financial performance prepared in accordance with U.S. GAAP. Furthermore our definition of EBITDA may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of EBITDA to U.S. GAAP net income.

Non-GAAP Financial Measure Reconciliation:
			Q2 2016						Q1 2016						Q2 2015
			(in millions)
EBITDA Data:
Net income attributable to Amkor			$	5					$	(1	)				$	7
Plus: Interest expense			22						17						24
Plus: Income tax expense			3						2						5
Plus: Depreciation & amortization			138						137						124
EBITDA			$	168					$	155					$	160

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		For the Three Months Ended June 30,										For the Six Months Ended June 30,
		2016					2015					2016					2015
		(In thousands, except per share data)
Net sales		$	917,326				$	736,722				$	1,786,008				$	1,479,597
Cost of sales		785,720					621,624					1,531,518					1,229,552
Gross profit		131,606					115,098					254,490					250,045
Selling, general and administrative		70,896					56,435					144,531					119,377
Research and development		30,168					20,020					57,323					38,046
Total operating expenses		101,064					76,455					201,854					157,423
Operating income		30,542					38,643					52,636					92,622
Interest expense		20,816					22,845					37,008					46,622
Interest expense, related party		1,242					1,242					2,484					2,484
Other (income) expense, net		(242		)			7,290					2,950					6,792
Total other expense, net		21,816					31,377					42,442					55,898
Income before taxes and equity in earnings of unconsolidated affiliate		8,726					7,266					10,194					36,724
Income tax expense		3,360					4,631					5,233					10,630
Income before equity in earnings of unconsolidated affiliate		5,366					2,635					4,961					26,094
Equity in earnings of J-Devices		—					5,315					—					9,370
Net income		5,366					7,950					4,961					35,464
Net income attributable to non-controlling interests		(653		)			(623		)			(1,123		)			(1,539		)
Net income attributable to Amkor		$	4,713				$	7,327				$	3,838				$	33,925
Net income attributable to Amkor per common share:
Basic		$	0.02				$	0.03				$	0.02				$	0.14
Diluted		$	0.02				$	0.03				$	0.02				$	0.14
Shares used in computing per common share amounts:
Basic		237,090					236,840					237,058					236,774
Diluted		237,434					237,321					237,297					237,366

AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
			June 30, 2016						December 31, 2015
			(In thousands)
ASSETS
Current assets:
Cash and cash equivalents			$	499,320					$	523,172
Restricted cash			2,000						2,000
Accounts receivable, net of allowances			579,794						526,143
Inventories			251,627						238,205
Other current assets			29,786						27,960
Total current assets			1,362,527						1,317,480
Property, plant and equipment, net			2,625,123						2,579,017
Goodwill			27,417						23,409
Restricted cash			2,320						2,176
Other assets			103,461						104,346
Total assets			$	4,120,848					$	4,026,428
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt			$	96,215					$	76,770
Trade accounts payable			465,113						434,222
Capital expenditures payable			174,758						242,980
Accrued expenses			300,758						264,212
Total current liabilities			1,036,844						1,018,184
Long-term debt			1,465,504						1,435,269
Long-term debt, related party			75,000						75,000
Pension and severance obligations			180,608						167,197
Other non-current liabilities			92,892						113,242
Total liabilities			2,850,848						2,808,892
Stockholders’ equity:
Preferred stock			—						—
Common stock			283						283
Additional paid-in capital			1,885,278						1,883,592
Accumulated deficit			(463,909		)				(467,747		)
Accumulated other comprehensive income (loss)			44,241						(2,084		)
Treasury stock			(213,996		)				(213,758		)
Total Amkor stockholders’ equity			1,251,897						1,200,286
Non-controlling interests in subsidiaries			18,103						17,250
Total equity			1,270,000						1,217,536
Total liabilities and equity			$	4,120,848					$	4,026,428

AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
			For the Six Months Ended June 30,
			2016						2015
			(In thousands)
Cash flows from operating activities:
Net income			$	4,961					$	35,464
Depreciation and amortization			275,241						248,716
Loss on debt retirement			—						2,530
Other operating activities and non-cash items			(6,177		)				(9,745		)
Changes in assets and liabilities			(826		)				(48,684		)
Net cash provided by operating activities			273,199						228,281
Cash flows from investing activities:
Payments for property, plant and equipment			(355,974		)				(194,360		)
Proceeds from sale of property, plant and equipment			593						4,069
Cash received on sale of subsidiary to J-Devices, net			—						8,355
Investment in J-Devices			—						(12,908		)
Other investing activities			(974		)				(1,315		)
Net cash used in investing activities			(356,355		)				(196,159		)
Cash flows from financing activities:
Borrowings under revolving credit facilities			115,000						180,000
Payments under revolving credit facilities			(100,000		)				(30,000		)
Borrowings under short-term debt			24,630						—
Payments of short-term debt			(23,035		)				—
Proceeds from issuance of long-term debt			34,000						340,000
Payments of long-term debt			(8,582		)				(530,000		)
Payments for debt issuance costs			(156		)				—
Payments for capital lease obligations			(887		)				—
Proceeds from the issuance of stock through share-based compensation plans			60						656
Payments of tax withholding for restricted shares			(238		)				(427		)
Payments of subsidiary dividends to non-controlling interests			(270		)				—
Net cash provided by (used in) financing activities			40,522						(39,771		)
Effect of exchange rate fluctuations on cash and cash equivalents			18,782						—
Net decrease in cash and cash equivalents			(23,852		)				(7,649		)
Cash and cash equivalents, beginning of period			523,172						449,946
Cash and cash equivalents, end of period			$	499,320					$	442,297

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »