AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) |
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For the Nine Months Ended September 30, |
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2019 |
|
2018 |
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(In thousands) |
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Cash flows from operating activities: |
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|
|
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Net income |
$ |
22,812 |
|
|
$ |
100,671 |
|
Depreciation and amortization |
398,013 |
|
|
429,181 |
|
||
Other operating activities and non-cash items |
51,533 |
|
|
(2,006 |
) |
||
Changes in assets and liabilities |
(189,026 |
) |
|
(100,628 |
) |
||
Net cash provided by operating activities |
283,332 |
|
|
427,218 |
|
||
Cash flows from investing activities: |
|
|
|
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Payments for property, plant and equipment |
(328,497 |
) |
|
(478,036 |
) |
||
Proceeds from sale of property, plant and equipment |
8,495 |
|
|
1,606 |
|
||
Proceeds from insurance recovery for property, plant and equipment |
1,538 |
|
|
— |
|
||
Other investing activities |
(353 |
) |
|
3,160 |
|
||
Net cash used in investing activities |
(318,817 |
) |
|
(473,270 |
) |
||
Cash flows from financing activities: |
|
|
|
||||
Proceeds from revolving credit facilities |
172,700 |
|
|
— |
|
||
Payments of revolving credit facilities |
(92,700 |
) |
|
(75,000 |
) |
||
| Proceeds from short-term debt |
51,434 |
|
|
23,341 |
|
||
| Payments of short-term debt |
(42,067 |
) |
|
(35,125 |
) |
||
| Proceeds from issuance of long-term debt |
714,375 |
|
|
372,226 |
|
||
| Payments of long-term debt |
(847,155 |
) |
|
(279,697 |
) |
||
| Payments of finance lease obligations |
(4,358 |
) |
|
(2,669 |
) |
||
| Other financing activities |
(1,963 |
) |
|
(2,482 |
) |
||
| Net cash provided by (used in) financing activities |
(49,734 |
) |
|
594 |
|
||
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash |
1,385 |
|
|
(3,273 |
) |
||
| Net decrease in cash, cash equivalents and restricted cash |
(83,834 |
) |
|
(48,731 |
) |
||
| Cash, cash equivalents and restricted cash, beginning of period |
688,051 |
|
|
602,851 |
|
||
| Cash, cash equivalents and restricted cash, end of period |
$ |
604,217 |
|
|
$ |
554,120 |
|
|
Amkor Technology Reports Financial Results for the Third Quarter 2019
*Effective January 1, 2019, we adopted Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). Upon adoption, we recorded a right-of-use asset and lease liability on our balance sheet. Prior period financial statements were not required to be adjusted for the effects of this new standard.
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