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公司Technology Reports Financial Results for the Second Quarter 2019

Second Quarter Highlights

  • Second quarter net sales $ 895万
  • Operating income 23美元million
  • Net loss $9 million，每个摊薄股份的收益 ($0.04)
  • EBITDA $149 million

TEMPE, Ariz.- （商业资讯） - JUL。2019年29日 - bob体彩Amkor Technology，Inc。(NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2019。

“第二季度盈利能力是在指导的高端，收入在中点上方，”说 Steve Kelley, 公司'spresident and chief executive officer. "Strong factory performance and prudent cost management drove solid sequential improvement in operating income."

Results

Q2 2019

2019年Q1

Q2 2018

($ in millions, except per share data)

Net sales

$895

$895

1,066美元

毛利率

13.8%

13.5%

15.9％

Operating income

23美元

$13

54美元

赠送给Amkor的净收入（1）

($9)

（23美元）

33美元

Earnings per diluted share (1)

($0.04)

($0.10)

$0.14

EBITDA(2)

$149

$153

$208

(1) Q2 2019 net income includes an $8 millioncharge, or $0.03per share, related to the early redemption of $525 million2022年到期的高级笔记。包括2019年一季度净收入des a $15 millionnon-cash discrete income tax charge, or $0.06每个摊薄份额, to reduce the value of certain deferred tax assets.

(2) EBITDA is a non-GAAP measure. The reconciliation to the comparable GAAP measure is included below under "Selected Operating Data."

“我们在一个具有挑战性的市场环境中执行得很好，” Megan Faust, 公司's公司副总裁兼首席财务官。“我们2019年的重点仍然是控制 Capex和other expenses, while investing in future growth opportunities."

At June 30, 2019, cash and cash equivalents were $551 million，总债务是 $1.3 billion。

Business Outlook

"In the third quarter, we expect revenues to increase about 15% sequentially, driven by gains in the mobile communications and consumer markets," said Kelley. "We are encouraged by the level of new product qualification activity for 5G, automotive and IoT applications."

Third quarter 2019 outlook (unless otherwise noted):

  • Net sales of $990 million to $1.07 billion
  • 毛利率of 12% to 16%
  • 净收入 ($7) millionto $41 million, or ($0.03) to $0.17每个摊薄份额
  • Full year 2019 capital expenditures of approximately $475 million

Conference Call Information

公司will conduct a conference call on Monday, July 29, 2019, at 5:00 PM。东部时间。这叫不是我可能包括材料信息ncluded in this press release. This call is being webcast and can be accessed at 公司'swebsite:www.www.chenyuhi.com。You may also access the call by dialing 1-877-645-6380 or 1-404-991-3911. A replay of the call will be made available at 公司's网站或通过拨打1-855-859-2056或1-404-537-3406（会议ID 4127169）。网络广播还正在将纳斯达克Omx的投资者分销网络分发给机构和个人投资者。bob体ob体与软件下载机构投资者可以通过纳斯达克Obob体ob体与软件下载MX的密码保护的活动管理网站，街头活动访问呼叫（www.streetevents.com.).

About bob体彩Amkor Technology，Inc。

bob体彩Amkor Technology，Inc。是世界上最大的外包半导体包装和测试服务提供商之一。bob软件成立于1968年， 公司pioneered the outsourcing of IC packaging and test, and is now a strategic manufacturing partner for more than 250 of the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, 欧洲和the 美国。For more information, visitwww.www.chenyuhi.com。

bob体彩Amkor Technology，Inc。

Selected Operating Data

Q2 2019

2019年Q1

Q2 2018

Net Sales Data:

净销售（数百万计）：

Advanced products (1)

$

433.

$

422.

$

496

Mainstream products (2)

462.

473.

570.

Total net sales

$

895.

$

895.

$

1,066

Packaging services

83

%

82

%

83

%

Test services

17

%

18

%

17

%

Net sales from top ten customers

62

%

66

%

65

%

End Market Data:

通信（手持设备，智能手机，平板电脑）

37

%

38

%

42

%

汽车，工业等（驾驶员辅助，信息娱乐，性能，安全）

29

%

28

%

26

%

Computing (datacenter, infrastructure, PC/laptop, storage)

19

%

20

%

19

%

消费者（连接家庭，机顶盒，电视，视觉成像，可穿戴物）

15

%

14

%

13

%

Total

100.

%

100.

%

100.

%

Gross Margin Data:

Net sales

100.0

%

100.0

%

100.0

%

销售成本:

母亲ials

38.0

%

38.0

%

38.9

%

Labor

17.4

%

17.4

%

16.0

%

其他制造业

30.8

%

31.1

%

29.2

%

毛利率

13.8

%

13.5

%

15.9

%

(1)

Advanced products include flip chip and wafer-level processing and related test services

(2)

主流产品包括线路包装及相关测试服务

bob体彩Amkor Technology，Inc。
Selected Operating Data

在此新闻稿中，我们提供EBITDA，其未由U.S. GAAP定义。我们将EBITDA定义为利息费用，所得税费用和折旧和摊销前的净收入。我们认为EBITDA对我们的投资者有关和有用的信息，因为它提供了评估我们的财务经营结果的其他信息。bob体ob体与软件下载我们的管理层使用EBITDA评估我们的经营业绩，我们的服务能力以及我们资本支出的资金支出能力。然而，EBITDA具有一定的局限性，因为它不会反映某些费用对我们综合收入陈述的影响，包括利息费用，这是我们费用的必要因素，因为我们借入了金钱来资助我们的运营，所得税费用，这是我们费用的必要因素，因为法律征收税收，折旧和摊销，这是我们费用的必要因素，因为我们利用资本资产产生收入。除了根据美国GAAP，除了作为替代，而不是替代，而不是作为替代，或优于营业收入，营业收入，净收入或其他财务绩效措施。此外，我们对EBITDA的定义可能与其他公司报告的类似标题措施不可媲美。以下是我们对美国GAAP净收入的EBITDA的和解。

Non-GAAP Financial Measure Reconciliation:

Q2 2019

2019年Q1

Q2 2018

(in millions)

EBITDA Data:

Net income

$

(9

)

$

(23

)

$

33

Plus: Interest expense

19

19

21

Plus: Income tax expense

6

21

11

Plus: Depreciation & amortization

133

136

143

EBITDA

$

149

$

153

$

208.

bob体彩Amkor Technology，Inc。

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

截至6月30日止三个月，

For the Six Months Ended June 30,

2019

2018

2019

2018

(In thousands, except per share data)

Net sales

$

895.,305

$

1,065,684

$

1,790,269

$

2,091,003

销售成本

771,851

895.,967

1,546,054

1,763,515

Gross profit

123,454

169,717

244,215

327,488

销售，一般和行政

64,758

74,700.

136,345

155,423

Research and development

36,186

41,076

71,940

82,005

Total operating expenses

100.,944

115,776

208,285

237,428

Operating income

22,510

53,941

35,930

90,060

Interest expense

18,653

21,127

37,926

41,138

其他（收入）费用，网

6,966

(11,001

)

2,401

(7,569

)

Total other expense, net

25,619.

10,126

40,327

33,569

税前收入（亏损）

(3,109

)

43,815

(4,397

)

56,491

Income tax expense

5,897

10,631

27,277

13,112

Net income (loss)

(9,006

)

33,184

(31,674

)

43,379

Net income attributable to non-controlling interests

(444

)

(593

)

(655

)

(1244

)

归属于AMKOR的净收入（亏损）

$

（9,450.

)

$

32,591

$

(32,329

)

$

42,135

归属于AMKOR的净收入（亏损）per common share:

Basic

$

(0.04

)

$

0.14

$

(0.14

)

$

0.18

稀

$

(0.04

)

$

0.14

$

(0.14

)

$

0.18

每普通份额计算中使用的股票金额：

Basic

239,508

239,351

239,461

239,283

稀

239,508

239,804

239,461

239,805

bob体彩Amkor Technology，Inc。

合并资产负债表

(Unaudited)

June 30,
2019

12月31日，
2018

(In thousands)

ASSETS

Current assets:

Cash and cash equivalents

$

551,438

$

681,569

有限的现金

2,590

2,589

Accounts receivable, net of allowances

702,466

724,456

库存

217,638

230,589

Other current assets

38,988

32,005

Total current assets

1,513,120

1,671,208

Property, plant and equipment, net

2,515,533

2,650,448

操作租赁使用权资产*

132,763

—

Goodwill

26,159

25,720.

有限的现金

2,878

3,893

其他资产

118,831.

144,178

Total assets

$

4,309,284

$

4,495,447

负债和股权

Current liabilities:

Short-term borrowings and current portion of long-term debt

$

198,230

$

114,579

Trade accounts payable

459,548

530,398

Capital expenditures payable

134,500

255,237

预提费用

246,615

258,209

Total current liabilities

1,038,893

1,158,423

Long-term debt

1,109,945

1,217,732

Pension and severance obligations

174,897

184,321

Long-term operating lease liability *

80,049

—

Other non-current liabilities

74,324

79,071

负债总额

2,478,108

2,639,547

Stockholders’ equity:

Preferred stock

—

—

Common stock

285

285

Additional paid-in capital

1,913,103

1,909,425

留存收益

80,860

113,189

Accumulated other comprehensive income (loss)

27,317

23,812

Treasury stock

(216,254

)

(216,171

)

Total Amkor stockholders’ equity

1,805,311

1,830,540

子公司的不控制权益

25,865

25,360

Total equity

1,831,176

1,855,900

负债总额和equity

$

4,309,284

$

4,495,447

*Effective January 1, 2019，我们采用会计标准更新（ASU）No.2016-02，租赁（主题842）。通过后，我们在资产负债表上录制了使用权资产和租赁责任。未来期间的财务报表不需要调整这一新标准的影响。

bob体彩Amkor Technology，Inc。

浓缩的综合现金流量陈述

(Unaudited)

For the Six Months Ended June 30,

2019

2018

(In thousands)

Cash flows from operating activities:

Net income (loss)

$

(31,674

)

$

43,379

Depreciation and amortization

268,819.

285,515

Other operating activities and non-cash items

33,112

(3,239

)

资产和负债的变化

(101,329

)

(119,276

)

Net cash provided by operating activities

168,928

206,379

Cash flows from investing activities:

Payments for property, plant and equipment

(273,672

)

(389,568

)

Proceeds from sale of property, plant and equipment

8,247

603

Proceeds from insurance recovery for property, plant and equipment

1,538

—

Other investing activities

2,864

2,647

投资活动的净现金

(261,023

)

(386,318

)

Cash flows from financing activities:

Proceeds from revolving credit facilities

85,000.

—

Payments of revolving credit facilities

(5,000

)

—

短期债务收益

29781年

7,264

Payments of short-term debt

(25,548

)

(31,546

)

Proceeds from issuance of long-term debt

614,375

64,000

Payments of long-term debt

（732,178.

)

(77,015

)

Payments of finance lease obligations

(2,746

)

（1,689.

)

其他融资活动

(3,865

)

492

Net cash used in financing activities

(40,181

)

(38,494

)

Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash

1,131

1,347

Net decrease in cash, cash equivalents and restricted cash

（131,145.

)

(217,086

)

Cash, cash equivalents and restricted cash, beginning of period

688,051

602,851

Cash, cash equivalents and restricted cash, end of period

$

556,906

$

385,765

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including statements regarding our focus on capital expenditures and cost controls and investments in growth opportunities, and all of the statements made under "Business Outlook" above. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following:

  • 高度不可预测的性质，周期性和半导体行业的生长速度;bob软件
  • timing and volume of orders relative to production capacity and the inability to achieve high capacity utilization rates, control costs and improve profitability;
  • laws, rules, regulations and policies imposed by the U.S. or foreign governments in areas such as tariffs, customs, duties and other restrictive trade barriers, national security, data privacy and cybersecurity, antitrust and competition, tax, currency and banking, privacy, labor, environmental, health and safety, and in particular the recent increase in protectionist measures considered or adopted by the U.S. and foreign governments;
  • laws, rules, regulations and policies within China和other countries that may favor domestic companies over non-domestic companies, including customer or government supported efforts to promote the development and growth of local competitors;
  • volatility of consumer demand, double booking by customers and deterioration in forecasts from our customers for products incorporating our semiconductor packages, including any slowdown in demand or changes in customer forecasts for smartphones or other mobile devices and generally soft end market demand for electronic devices;
  • delays, lower manufacturing yields and supply constraints relating to wafers, particularly for advanced nodes and related technologies;
  • dependence on key customers, the impact of changes in our market share and prices for our services with those customers and the business and financial condition of those customers;
  • the performance of our business, interest rate fluctuations and other economic and market conditions, the cash needs and investment opportunities for the business, the need for additional capacity and facilities to service customer demand and the availability of cash flow from operations or financing;
  • the effect of the global economy on credit markets, financial institutions, customers, suppliers and consumers, including the uncertain macroeconomic environment;
  • the highly unpredictable nature and costs of litigation and other legal activities and the risk of adverse results of such matters and the impact of other legal proceedings;
  • changes in tax rates and taxes as a result of changes in U.S. or foreign tax law or the interpretations thereof (including the impact of recent U.S. tax reform), changes in our organizational structure, changes in the jurisdictions in which our income is determined to be earned and taxed, the outcome of tax reviews, audits and ruling requests, our ability to realize deferred tax assets and the expiration of tax holidays;
  • curtailment of outsourcing by our customers;
  • our substantial indebtedness and restrictive covenants, including the potential impact of the phase-out of LIBOR on our variable interest rate debt;
  • failure to realize sufficient cash flow or access to other sources of liquidity to fund capital expenditures;
  • the effects of an economic slowdown in major economies worldwide;
  • disruptions in our business or deficiencies in our controls resulting from the integration of acquired operations, particularly J-Devices, or the implementation and security of, and changes to, our enterprise resource planning, factory shop floor systems and other management information systems;
  • there can be no assurance regarding when our new K5 factory and research and development center in Koreawill be fully utilized, or that the actual scope, costs, timeline or benefits of the project will be consistent with our expectations;
  • economic effects of terrorist attacks, political instability, natural disasters and military conflict;
  • competition, competitive pricing and declines in average selling prices;
  • 包装和测试制造产量的波动;
  • dependence on international operations and sales and fluctuations in foreign currency exchange rates, particularly in Japan和 Korea;
  • 依赖原料和设备供应商以及原料和贵金属成本的变化;
  • dependence on key personnel;
  • enforcement of and compliance with intellectual property rights; and
  • technological challenges.

Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company's Annual Report on Form 10-K for the year ended 12月31日，2018和in the company's subsequent filings with the 证券交易委员会made prior to or after the date hereof. 公司undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

来源： bob体彩Amkor Technology，Inc。

Vincent Keenan
Vice President, Investor Relations
480-786-7594
vincent.keenan@www.chenyuhi.com