AMKOR TECHNOLOGY, INC. | ||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||
(Unaudited) | ||||||||
September 30,
2018 |
December 31,
2017 |
|||||||
(In thousands) | ||||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 547,665 | $ | 596,364 | ||||
Restricted cash | 2,559 | 2,000 | ||||||
Accounts receivable, net of allowances | 797,678 | 798,264 | ||||||
Inventories | 228,108 | 213,649 | ||||||
Other current assets | 35,226 | 33,727 | ||||||
Total current assets | 1,611,236 | 1,644,004 | ||||||
Property, plant and equipment, net | 2,714,084 | 2,695,065 | ||||||
Goodwill | 24,813 | 25,036 | ||||||
Restricted cash | 3,896 | 4,487 | ||||||
Other assets | 141,440 | 139,796 | ||||||
Total assets | $ | 4,495,469 | $ | 4,508,388 | ||||
LIABILITIES AND EQUITY | ||||||||
Current liabilities: | ||||||||
Short-term borrowings and current portion of long-term debt | $ | 97,646 | $ | 123,848 | ||||
Trade accounts payable | 548,864 | 569,085 | ||||||
Capital expenditures payable | 253,756 | 294,258 | ||||||
Accrued expenses | 271,067 | 330,868 | ||||||
Total current liabilities | 1,171,333 | 1,318,059 | ||||||
Long-term debt | 1,267,992 | 1,240,581 | ||||||
Pension and severance obligations | 179,900 | 182,216 | ||||||
Other non-current liabilities | 54,403 | 47,823 | ||||||
Total liabilities | 2,673,628 | 2,788,679 | ||||||
Stockholders’ equity: | ||||||||
Preferred stock | — | — | ||||||
Common stock | 285 | 285 | ||||||
Additional paid-in capital | 1,908,171 | 1,903,357 | ||||||
Retained earnings (accumulated deficit) | 84,894 | (13,903 | ) | |||||
Accumulated other comprehensive income (loss) | 19,729 | 22,519 | ||||||
Treasury stock | (216,135 | ) | (215,982 | ) | ||||
Total Amkor stockholders’ equity | 1,796,944 | 1,696,276 | ||||||
Non-controlling interests in subsidiaries | 24,897 | 23,433 | ||||||
Total equity | 1,821,841 | 1,719,709 | ||||||
Total liabilities and equity | $ | 4,495,469 | $ | 4,508,388 | ||||
AMKOR TECHNOLOGY, INC. | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
(Unaudited) | ||||||||
For the Nine Months Ended September 30, | ||||||||
2018 | 2017 | |||||||
(In thousands) | ||||||||
Cash flows from operating activities: | ||||||||
Net income | $ | 100,671 | $ | 166,520 | ||||
Depreciation and amortization | 429,181 | 435,667 | ||||||
Gain on sale of real estate | — | (108,109 | ) | |||||
Other operating activities and non-cash items | (2,006 | ) | (8,124 | ) | ||||
Changes in assets and liabilities | (100,628 | ) | (72,043 | ) | ||||
Net cash provided by operating activities | 427,218 | 413,911 | ||||||
Cash flows from investing activities: | ||||||||
Payments for property, plant and equipment | (478,036 | ) | (413,974 | ) | ||||
Proceeds from sale of property, plant and equipment | 1,606 | 133,320 | ||||||
Acquisition of business, net of cash acquired | — | (43,771 | ) | |||||
Other investing activities | 3,160 | (1,600 | ) | |||||
Net cash used in investing activities | (473,270 | ) | (326,025 | ) | ||||
Cash flows from financing activities: | ||||||||
Proceeds from revolving credit facilities | — | 75,000 | ||||||
Payments of revolving credit facilities | (75,000 | ) | — | |||||
Proceeds from short-term debt | 23,341 | 50,333 | ||||||
Payments of short-term debt | (35,125 | ) | (52,068 | ) | ||||
Proceeds from issuance of long-term debt | 372,226 | 223,976 | ||||||
Payments of long-term debt | (279,697 | ) | (398,755 | ) | ||||
Payments of long-term debt, related party | — | (17,837 | ) | |||||
Payment of deferred consideration for purchase of facility | — | (3,890 | ) | |||||
Payments of capital lease obligations | (2,669 | ) | (4,123 | ) | ||||
Other financing activities | (2,482 | ) | 425 | |||||
Net cash provided by (used in) financing activities | 594 | (126,939 | ) | |||||
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | (3,273 | ) | 9,231 | |||||
Net decrease in cash, cash equivalents and restricted cash | (48,731 | ) | (29,822 | ) | ||||
Cash, cash equivalents and restricted cash, beginning of period | 602,851 | 555,495 | ||||||
Cash, cash equivalents and restricted cash, end of period | $ | 554,120 | $ | 525,673 | ||||