2015 Q2 Form 10-Q Financial Statement

#000104712715000035 Filed on July 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $736.7M $767.5M
YoY Change -4.01% 2.87%
Cost Of Revenue $621.6M $616.7M
YoY Change 0.79% 1.49%
Gross Profit $115.1M $150.7M
YoY Change -23.63% 8.91%
Gross Profit Margin 15.62% 19.64%
Selling, General & Admin $56.44M $67.67M
YoY Change -16.61% 3.13%
% of Gross Profit 49.03% 44.9%
Research & Development $20.02M $22.08M
YoY Change -9.33% 54.31%
% of Gross Profit 17.39% 14.65%
Depreciation & Amortization $123.7M $111.8M
YoY Change 10.67% 14.34%
% of Gross Profit 107.5% 74.18%
Operating Expenses $76.46M $89.75M
YoY Change -14.82% 12.3%
Operating Profit $38.64M $60.96M
YoY Change -36.61% 4.29%
Interest Expense $22.85M $22.54M
YoY Change 1.37% -5.06%
% of Operating Profit 59.12% 36.97%
Other Income/Expense, Net -$31.38M -$18.08M
YoY Change 73.55% -54.58%
Pretax Income $7.266M $42.88M
YoY Change -83.06% 113.43%
Income Tax $4.631M $12.51M
% Of Pretax Income 63.74% 29.18%
Net Earnings $7.327M $49.52M
YoY Change -85.2% 66.59%
Net Earnings / Revenue 0.99% 6.45%
Basic Earnings Per Share $0.03 $0.21
Diluted Earnings Per Share $0.03 $0.21
COMMON SHARES
Basic Shares Outstanding 236.8M shares 232.9M shares
Diluted Shares Outstanding 237.3M shares 236.9M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $442.3M $525.9M
YoY Change -15.9% -17.31%
Cash & Equivalents $442.3M $525.9M
Short-Term Investments
Other Short-Term Assets $48.91M $57.80M
YoY Change -15.38% 14.85%
Inventory $220.0M $205.7M
Prepaid Expenses
Receivables $438.5M $455.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.152B $1.248B
YoY Change -7.66% -6.67%
LONG-TERM ASSETS
Property, Plant & Equipment $2.229B $2.154B
YoY Change 3.49% 14.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $140.4M $134.7M
YoY Change 4.22% 30.4%
Other Assets $120.1M $70.67M
YoY Change 69.99% -15.32%
Total Long-Term Assets $2.492B $2.361B
YoY Change 5.52% 13.58%
TOTAL ASSETS
Total Short-Term Assets $1.152B $1.248B
Total Long-Term Assets $2.492B $2.361B
Total Assets $3.644B $3.609B
YoY Change 0.97% 5.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.7M $555.8M
YoY Change -49.5% 11.27%
Accrued Expenses $226.4M $252.0M
YoY Change -10.18% 15.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.00M
YoY Change -100.0% -82.27%
Total Short-Term Liabilities $717.4M $817.9M
YoY Change -12.28% 5.71%
LONG-TERM LIABILITIES
Long-Term Debt $1.416B $1.451B
YoY Change -2.45% -4.51%
Other Long-Term Liabilities $109.1M $14.42M
YoY Change 656.21% 32.87%
Total Long-Term Liabilities $1.525B $1.466B
YoY Change 4.03% -4.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $717.4M $817.9M
Total Long-Term Liabilities $1.525B $1.466B
Total Liabilities $2.475B $2.518B
YoY Change -1.72% 0.08%
SHAREHOLDERS EQUITY
Retained Earnings -$478.6M -$577.2M
YoY Change -17.08% -19.11%
Common Stock $283.0K $282.0K
YoY Change 0.35% 7.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $213.5M $212.5M
YoY Change 0.47% 0.62%
Treasury Stock Shares 45.66M shares 45.53M shares
Shareholders Equity $1.153B $1.078B
YoY Change
Total Liabilities & Shareholders Equity $3.644B $3.609B
YoY Change 0.97% 5.65%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $7.327M $49.52M
YoY Change -85.2% 66.59%
Depreciation, Depletion And Amortization $123.7M $111.8M
YoY Change 10.67% 14.34%
Cash From Operating Activities $63.30M $103.4M
YoY Change -38.78% 1.17%
INVESTING ACTIVITIES
Capital Expenditures -$88.30M -$134.4M
YoY Change -34.3% 21.96%
Acquisitions
YoY Change
Other Investing Activities $8.200M -$15.00M
YoY Change -154.67% -78.17%
Cash From Investing Activities -$80.10M -$149.4M
YoY Change -46.39% -16.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.10M -56.50M
YoY Change -37.88% -123.06%
NET CHANGE
Cash From Operating Activities 63.30M 103.4M
Cash From Investing Activities -80.10M -149.4M
Cash From Financing Activities -35.10M -56.50M
Net Change In Cash -51.90M -102.5M
YoY Change -49.37% -160.87%
FREE CASH FLOW
Cash From Operating Activities $63.30M $103.4M
Capital Expenditures -$88.30M -$134.4M
Free Cash Flow $151.6M $237.8M
YoY Change -36.25% 11.96%

Facts In Submission

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300000000 USD
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100000000 USD
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0 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
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0 USD
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CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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1085000000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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9557000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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38274000 USD
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us-gaap Nonoperating Income Expense
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CY2015Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2014Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2015Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
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CY2015Q2 us-gaap Operating Income Loss
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38643000 USD
us-gaap Operating Income Loss
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34441000 USD
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-12493000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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10000 USD
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52259000 USD
CY2015Q2 us-gaap Other Assets Current
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120126000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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4485000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-112000 USD
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109068000 USD
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24000000 USD
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5663000 USD
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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427000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
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0 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
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12908000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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230392000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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194360000 USD
us-gaap Payments To Acquire Short Term Investments
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20000000 USD
us-gaap Payments To Acquire Short Term Investments
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0 USD
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20000000 USD
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4826000 USD
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80000000 USD
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340000000 USD
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180000000 USD
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4069000 USD
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us-gaap Profit Loss
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us-gaap Profit Loss
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30000000 USD
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140000000 USD
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530000000 USD
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22079000 USD
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43124000 USD
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20020000 USD
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
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0.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.58
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.46
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.020
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.020
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.018
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.018
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3226000 USD
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3802000 shares
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6.25
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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3201000 USD
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6.47
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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4.70
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P6Y0M0D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y1M6D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M0D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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1696000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M19D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M16D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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56350000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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4826000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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656000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
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964940000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1091050000 USD
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CY2015Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
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269000 USD
CY2014Q4 us-gaap Treasury Stock Shares
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45604000 shares
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45663000 shares
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213028000 USD
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213455000 USD
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184000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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21000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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85000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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12700000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
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8100000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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236872000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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236182000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237321000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
237366000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
232891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224868000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236840000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
236774000 shares
us-gaap Use Of Estimates
UseOfEstimates
<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>

Files In Submission

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0001047127-15-000035-index-headers.html Edgar Link pending
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0001047127-15-000035.txt Edgar Link pending
0001047127-15-000035-xbrl.zip Edgar Link pending
amkr-20150630.xml Edgar Link completed
amkr-20150630.xsd Edgar Link pending
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