Other income (expenses):
Interest expenses, net (15,695) (14,416)
Foreign currency loss, net (42,864) (7,391)
Loss before income taxes (65,389) (64,731)
Income tax expenses 2,508 2,251
Net loss $(67,897) $(66,982)
Dividends accrued on preferred units 3,118 2,870
Net loss attributable to common units $(71,015) $(69,852)
Net loss per common unit
Basic and Diluted $(1.35) $(1.32)
Common units used in per common unit
calculation: Basic and Diluted
(in thousands) 52,580 52,721
Key Ratios & Information:
Gross Margin 23.6% 9.8%
Operating Expenses as a % of Revenue 26.9% 38.1%
Operating Margin (3.4)% (28.3)%
Depreciation & Amortization Expense 21,277 43,942
Capital Expenditures 10,070 8,348
MagnaChip Semiconductor
Reconciliation of US GAAP Gross Profit, Operating Income (Loss) and Net
Income (Loss) to
Non-US GAAP Gross Profit, Operating Income (Loss) and Net Income (Loss)
(In thousands of US Dollars)
(Unaudited)
Use of Non-US GAAP Financial Information
To supplement our condensed consolidated financial statements presented on a US GAAP basis, MagnaChip Semiconductor uses non-US GAAP measures of gross profit, operating income (loss) and net income (loss), that are US GAAP gross profit, operating income (loss) and net income (loss) adjusted to exclude certain costs, expenses or gains, referred to as special items. Non-US GAAP adjusted gross profit; operating income (loss) and net income (loss) measure give an indication of our baseline performance before other charges that are considered by management to be outside of our core operating results. In addition, our non-US GAAP adjusted measure of gross profit, operating income (loss) and net income (loss) are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional information should not be considered in isolation or as a substitute for gross profit, operating income (loss) and net income (loss) prepared in accordance with generally accepted accounting principles in the United States of America.
Three Months Ended Three Months Ended
March 30, 2008 April 1, 2007
Operat- Operat-
Gross ing Net Gross ing Net
Profit Income Income Profit Income Income
(Loss) (Loss) (Loss) (Loss)
US GAAP Amounts $47,866 $(6,830) $(67,897) $14,923 $(42,924) $(66,982)
Special items
(1) Restructuring
and impairment
charges - (875) (875) - - -
Non-US GAAP
Profit $47,866 $(7,705) $(68,772) $14,923 $(42,924) $(66,982)
Adjusted Gross
Margin 23.6% 9.8%
Adjusted Operating
Expense - % of
Revenue 27.4% 38.1%
Adjusted Operating
Margin (3.8%) (28.3%)
