2014 Q2 Form 10-Q Financial Statement

#000104712714000036 Filed on August 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $767.5M $746.1M
YoY Change 2.87% 8.67%
Cost Of Revenue $616.7M $607.7M
YoY Change 1.49% 1.75%
Gross Profit $150.7M $138.4M
YoY Change 8.91% 54.92%
Gross Profit Margin 19.64% 18.55%
Selling, General & Admin $67.67M $65.62M
YoY Change 3.13% 22.68%
% of Gross Profit 44.9% 47.42%
Research & Development $22.08M $14.31M
YoY Change 54.31% 3.18%
% of Gross Profit 14.65% 10.34%
Depreciation & Amortization $111.8M $97.78M
YoY Change 14.34% 8.79%
% of Gross Profit 74.18% 70.66%
Operating Expenses $89.75M $79.93M
YoY Change 12.3% 18.66%
Operating Profit $60.96M $58.45M
YoY Change 4.29% 166.13%
Interest Expense $22.54M $23.74M
YoY Change -5.06% 5.73%
% of Operating Profit 36.97% 40.61%
Other Income/Expense, Net -$18.08M -$39.81M
YoY Change -54.58% 59.34%
Pretax Income $42.88M $20.09M
YoY Change 113.43% -765.49%
Income Tax $12.51M -$10.24M
% Of Pretax Income 29.18% -50.96%
Net Earnings $49.52M $29.73M
YoY Change 66.59% 5016.52%
Net Earnings / Revenue 6.45% 3.98%
Basic Earnings Per Share $0.21 $0.18
Diluted Earnings Per Share $0.21 $0.14
COMMON SHARES
Basic Shares Outstanding 232.9M shares 160.9M shares
Diluted Shares Outstanding 236.9M shares 235.1M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $525.9M $636.0M
YoY Change -17.31% 81.09%
Cash & Equivalents $525.9M $636.0M
Short-Term Investments
Other Short-Term Assets $57.80M $50.33M
YoY Change 14.85% 21.07%
Inventory $205.7M $232.0M
Prepaid Expenses
Receivables $455.8M $411.7M
Other Receivables $0.00 $4.500M
Total Short-Term Assets $1.248B $1.337B
YoY Change -6.67% 37.53%
LONG-TERM ASSETS
Property, Plant & Equipment $2.154B $1.885B
YoY Change 14.25% 7.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $134.7M $103.3M
YoY Change 30.4% 166.11%
Other Assets $70.67M $83.45M
YoY Change -15.32% 13.1%
Total Long-Term Assets $2.361B $2.079B
YoY Change 13.58% 11.01%
TOTAL ASSETS
Total Short-Term Assets $1.248B $1.337B
Total Long-Term Assets $2.361B $2.079B
Total Assets $3.609B $3.416B
YoY Change 5.65% 20.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $555.8M $499.5M
YoY Change 11.27% 11.44%
Accrued Expenses $252.0M $217.8M
YoY Change 15.7% 14.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $56.40M
YoY Change -82.27% -18.73%
Total Short-Term Liabilities $817.9M $773.7M
YoY Change 5.71% 9.24%
LONG-TERM LIABILITIES
Long-Term Debt $1.451B $1.520B
YoY Change -4.51% 39.99%
Other Long-Term Liabilities $14.42M $10.86M
YoY Change 32.87% -40.12%
Total Long-Term Liabilities $1.466B $1.531B
YoY Change -4.25% 38.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $817.9M $773.7M
Total Long-Term Liabilities $1.466B $1.531B
Total Liabilities $2.518B $2.516B
YoY Change 0.08% 16.07%
SHAREHOLDERS EQUITY
Retained Earnings -$577.2M -$713.5M
YoY Change -19.11% -9.23%
Common Stock $282.0K $262.0K
YoY Change 7.63% 32.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $212.5M $211.2M
YoY Change 0.62% 25.06%
Treasury Stock Shares 45.53M shares 45.35M shares
Shareholders Equity $1.078B $890.2M
YoY Change
Total Liabilities & Shareholders Equity $3.609B $3.416B
YoY Change 5.65% 20.07%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $49.52M $29.73M
YoY Change 66.59% 5016.52%
Depreciation, Depletion And Amortization $111.8M $97.78M
YoY Change 14.34% 8.79%
Cash From Operating Activities $103.4M $102.2M
YoY Change 1.17% 18.29%
INVESTING ACTIVITIES
Capital Expenditures -$134.4M -$110.2M
YoY Change 21.96% -1.25%
Acquisitions
YoY Change
Other Investing Activities -$15.00M -$68.70M
YoY Change -78.17% -3535.0%
Cash From Investing Activities -$149.4M -$178.8M
YoY Change -16.44% 63.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.50M 245.0M
YoY Change -123.06% -3600.0%
NET CHANGE
Cash From Operating Activities 103.4M 102.2M
Cash From Investing Activities -149.4M -178.8M
Cash From Financing Activities -56.50M 245.0M
Net Change In Cash -102.5M 168.4M
YoY Change -160.87% -657.62%
FREE CASH FLOW
Cash From Operating Activities $103.4M $102.2M
Capital Expenditures -$134.4M -$110.2M
Free Cash Flow $237.8M $212.4M
YoY Change 11.96% 7.27%

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CY2013Q4 us-gaap Unrecognized Tax Benefits
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">The Consolidated Financial Statements have been prepared in conformity with U.S.&#160;GAAP, using management&#8217;s best estimates and judgments where appropriate. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments.</font></div></div>
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 amkr Business Acquisition Costof Acquired Entity Estimateof Remaining Cashto Be Paid
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0 USD
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amkr Financing Lease Payment From Unconsolidated Affiliate
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amkr Financing Lease Payment From Unconsolidated Affiliate
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amkr Gains Losseson Extinguishmentof Debt Including Prepayment Penalties
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amkr Gains Losseson Extinguishmentof Debt Including Prepayment Penalties
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CY2014Q2 amkr Incomebeforeequityinearningsofunconsolidatedaffiliate
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CY2013Q4 amkr Non Current Long Term Debt Including Related Party
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1591390000 USD
CY2014Q2 amkr Non Current Long Term Debt Including Related Party
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amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Netof Tax
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CY2014Q2 amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Netof Tax
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CY2013Q2 amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Netof Tax
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-4051000 USD
CY2014Q2 amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Tax Effect
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0 USD
CY2013Q2 amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Tax Effect
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amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Tax Effect
OtherComprehensiveIncomeLossPortionAttributabletoEquityMethodInvestmentTaxEffect
0 USD
amkr Other Comprehensive Income Loss Portion Attributableto Equity Method Investment Tax Effect
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CY2013Q2 amkr Other Nonoperating Income Expense Net
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108000 USD
CY2014Q2 amkr Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
548000 USD
amkr Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
337000 USD
amkr Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
270000 USD
amkr Paymentsof Debt Exchange Costs
PaymentsofDebtExchangeCosts
11619000 USD
amkr Paymentsof Debt Exchange Costs
PaymentsofDebtExchangeCosts
0 USD
CY2013Q2 amkr Reallocationof Net Incometo Participating Securities
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58000 USD
CY2014Q2 amkr Reallocationof Net Incometo Participating Securities
ReallocationofNetIncometoParticipatingSecurities
3000 USD
amkr Reallocationof Net Incometo Participating Securities
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9000 USD
amkr Reallocationof Net Incometo Participating Securities
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80000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001047127
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
237106589 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AMKOR TECHNOLOGY INC

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