In the press release above we refer to free cash flow, which is not defined by U.S. GAAP. We define free cash flow as net cash provided by operating activities less payments for property, plant and equipment, plus proceeds from the sale of and insurance recovery for property, plant and equipment. We believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results. Our management uses free cash flow in evaluating our liquidity, our ability to service debt and our ability to fund capital expenditures. However, free cash flow has certain limitations, including that it does not represent the residual cash flow available for discretionary expenditures since other, non-discretionary expenditures, such as mandatory debt service, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. This measure should be considered in addition to, and not as a substitute for, or superior to, other measures of liquidity or financial performance prepared in accordance with U.S. GAAP, such as net cash provided by operating activities. Furthermore, our definition of free cash flow may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of free cash flow to U.S. GAAP net cash provided by operating activities.

Non-GAAP Financial Measures Reconciliation:
		Q1 2017				Q4 2016				Q1 2016
		(in millions)
Free Cash Flow Data:
Net cash provided by operating activities		$	103			$	238			$	138
Less: Purchases of property, plant and equipment		(88		)		(168		)		(199		)
Plus: Proceeds from sale of and insurance recovery for property, plant and equipment		2				47				—
Free cash flow		$	17			$	117			$	(61	)

AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
		For the Three Months Ended March 31,
		2017				2016
		(In thousands, except per share data)
Net sales		$	913,600			$	868,682
Cost of sales		770,694				745,798
Gross profit		142,906				122,884
Selling, general and administrative		76,695				73,635
Research and development		41,556				27,155
Total operating expenses		118,251				100,790
Operating income		24,655				22,094
Interest expense		21,254				16,192
Interest expense, related party		1,242				1,242
Other (income) expense, net		10,864				3,192
Total other expense, net		33,360				20,626
Income (loss) before taxes		(8,705		)		1,468
Income tax expense		439				1,873
Net income (loss)		(9,144		)		(405		)
Net income attributable to non-controlling interests		(862		)		(470		)
Net income (loss) attributable to Amkor		$	(10,006	)		$	(875	)
Net income (loss) attributable to Amkor per common share:
Basic		$	(0.04	)		$	—
Diluted		$	(0.04	)		$	—
Shares used in computing per common share amounts:
Basic		238,685				237,025
Diluted		238,685				237,025

AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)
		March 31, 2017				December 31, 2016
		(In thousands)
ASSETS
Current assets:
Cash and cash equivalents		$	613,974			$	549,518
Restricted cash		2,000				2,000
Accounts receivable, net of allowances		545,794				563,107
Inventories		267,208				267,990
Other current assets		70,722				27,081
Total current assets		1,499,698				1,409,696
Property, plant and equipment, net		2,551,706				2,564,648
Goodwill		25,228				24,122
Restricted cash		4,263				3,977
Other assets		97,426				89,643
Total assets		$	4,178,321			$	4,092,086
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt		$	36,927			$	35,192
Trade accounts payable		453,686				487,430
Capital expenditures payable		209,831				144,370
Accrued expenses		338,663				338,669
Total current liabilities		1,039,107				1,005,661
Long-term debt		1,450,737				1,364,638
Long-term debt, related party		35,000				75,000
Pension and severance obligations		177,374				166,701
Other non-current liabilities		67,174				76,682
Total liabilities		2,769,392				2,688,682
Stockholders’ equity:
Preferred stock		—				—
Common stock		285				284
Additional paid-in capital		1,896,286				1,895,089
Accumulated deficit		(313,563		)		(303,557		)
Accumulated other comprehensive income (loss)		20,078				6,262
Treasury stock		(214,700		)		(214,490		)
Total Amkor stockholders’ equity		1,388,386				1,383,588
Non-controlling interests in subsidiaries		20,543				19,816
Total equity		1,408,929				1,403,404
Total liabilities and equity		$	4,178,321			$	4,092,086

AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
		For the Three Months Ended March 31,
		2017				2016
		(In thousands)
Cash flows from operating activities:
Net income (loss)		$	(9,144	)		$	(405	)
Depreciation and amortization		141,816				137,136
Other operating activities and non-cash items		(7,890		)		(3,944		)
Changes in assets and liabilities		(22,105		)		5,311
Net cash provided by operating activities		102,677				138,098
Cash flows from investing activities:
Payments for property, plant and equipment		(88,285		)		(198,788		)
Proceeds from sale of property, plant and equipment		1,835				121
Other investing activities		(2,492		)		(426		)
Net cash used in investing activities		(88,942		)		(199,093		)
Cash flows from financing activities:
Payments under revolving credit facilities		—				(40,000		)
Borrowings under short-term debt		13,275				—
Payments of short-term debt		(14,073		)		(11,901		)
Proceeds from issuance of long-term debt		50,000				—
Payments of long-term debt		(3,295		)		(4,204		)
Payments for debt issuance costs		(156		)		(156		)
Payment of deferred consideration for purchase of facility		(3,890		)		—
Payments for capital lease obligations		(913		)		(401		)
Proceeds from the issuance of stock through share-based compensation plans		145				—
Payments of tax withholding for restricted shares		(210		)		(119		)
Payments of subsidiary dividends to non-controlling interests		(135		)		(135		)
Net cash provided by (used in) financing activities		40,748				(56,916		)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash		10,259				8,250
Net increase (decrease) in cash, cash equivalents and restricted cash		64,742				(109,661		)
Cash, cash equivalents and restricted cash, beginning of period		555,495				527,348
Cash, cash equivalents and restricted cash, end of period		$	620,237			$	417,687

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