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 2018			Q1 2018			Q2 2017
		(in millions)
EBITDA Data:
Net income		$	33		$	10		$	120
Plus: Interest expense			21			20			22
Plus: Income tax expense			11			2			34
Plus: Depreciation & amortization			143			143			145
EBITDA*		$	208		$	175		$	321
* Q2 2017 EBITDA included a pretax gain of $108 million related to the sale of our K1 factory in Korea.

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
			2018				2017*				2018				2017*
		(In thousands, except per share data)
Net sales		$	1,065,684			$	1,008,385			$	2,091,003			$	1,907,669
Cost of sales			895,967				831,769				1,763,515				1,594,819
Gross profit			169,717				176,616				327,488				312,850
Selling, general and administrative			74,700				67,785				155,423				144,067
Research and development			41,076				44,281				82,005				85,849
Gain on sale of real estate			—				(108,109	)			—				(108,109	)
Total operating expenses			115,776				3,957				237,428				121,807
Operating income			53,941				172,659				90,060				191,043
Interest expense			21,127				22,158				41,138				43,412
Interest expense, related party			—				293				—				1,535
Other (income) expense, net			(11,001	)			(3,288	)			(7,569	)			7,893
Total other expense, net			10,126				19,163				33,569				52,840
Income before taxes			43,815				153,496				56,491				138,203
Income tax expense			10,631				33,466				13,112				32,141
Net income			33,184				120,030				43,379				106,062
Net income attributable to non-controlling interests			(593	)			(1,017	)			(1,244	)			(1,835	)
Net income attributable to Amkor		$	32,591			$	119,013			$	42,135			$	104,227
Net income attributable to Amkor per common share:
Basic		$	0.14			$	0.50			$	0.18			$	0.44
Diluted		$	0.14			$	0.50			$	0.18			$	0.44
Shares used in computing per common share amounts:
Basic			239,351				238,863				239,283				238,774
Diluted			239,804				239,679				239,805				239,601
* Effective January 1, 2018, we adopted Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) , utilizing the full retrospective transition method. The prior periods presented here have been revised to reflect this change.

AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
		June 30,				December 31,
			2018				2017
		(In thousands)
ASSETS
Current assets:
Cash and cash equivalents		$	380,262			$	596,364
Restricted cash			2,000				2,000
Accounts receivable, net of allowances			795,750				798,264
Inventories			243,019				213,649
Other current assets			37,148				33,727
Total current assets			1,458,179				1,644,004
Property, plant and equipment, net			2,754,960				2,695,065
Goodwill			25,472				25,036
Restricted cash			3,503				4,487
Other assets			139,567				139,796
Total assets		$	4,381,681			$	4,508,388
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt		$	115,057			$	123,848
Trade accounts payable			553,475				569,085
Capital expenditures payable			238,772				294,258
Accrued expenses			254,348				330,868
Total current liabilities			1,161,652				1,318,059
Long-term debt			1,214,535				1,240,581
Pension and severance obligations			184,072				182,216
Other non-current liabilities			51,264				47,823
Total liabilities			2,611,523				2,788,679
Stockholders’ equity:
Preferred stock			—				—
Common stock			285				285
Additional paid-in capital			1,906,936				1,903,357
Retained earnings (accumulated deficit)			28,232				(13,903	)
Accumulated other comprehensive income (loss)			26,385				22,519
Treasury stock			(216,087	)			(215,982	)
Total Amkor stockholders’ equity			1,745,751				1,696,276
Non-controlling interests in subsidiaries			24,407				23,433
Total equity			1,770,158				1,719,709
Total liabilities and equity		$	4,381,681			$	4,508,388

AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		For the Six Months Ended June 30,
			2018				2017
		(In thousands)
Cash flows from operating activities:
Net income		$	43,379			$	106,062
Depreciation and amortization			285,515				287,068
Gain on sale of real estate			—				(108,109	)
Other operating activities and non-cash items			(3,239	)			(4,659	)
Changes in assets and liabilities			(119,276	)			(80,403	)
Net cash provided by operating activities			206,379				199,959
Cash flows from investing activities:
Payments for property, plant and equipment			(389,568	)			(271,651	)
Proceeds from sale of property, plant and equipment			603				130,962
Acquisition of business, net of cash acquired			—				(43,771	)
Other investing activities			2,647				(2,117	)
Net cash used in investing activities			(386,318	)			(186,577	)
Cash flows from financing activities:
Proceeds from revolving credit facilities			—				75,000
Proceeds from short-term debt			7,264				41,228
Payments of short-term debt			(31,546	)			(32,110	)
Proceeds from issuance of long-term debt			64,000				215,086
Payments of long-term debt			(77,015	)			(207,653	)
Payment of deferred consideration for purchase of facility			—				(3,890	)
Payments of capital lease obligations			(1,689	)			(2,665	)
Other financing activities			492				561
Net cash provided by (used in) financing activities			(38,494	)			85,557
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash			1,347				9,418
Net increase (decrease) in cash, cash equivalents and restricted cash			(217,086	)			108,357
Cash, cash equivalents and restricted cash, beginning of period			602,851				555,495
Cash, cash equivalents and restricted cash, end of period		$	385,765			$	663,852

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