2024 Q3 Form 10-Q Financial Statement

#000104712724000159 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.862B $1.461B
YoY Change 2.18% 0.24%
Cost Of Revenue $1.589B $1.249B
YoY Change 3.25% -1.73%
Gross Profit $272.5M $212.4M
YoY Change -3.63% 13.65%
Gross Profit Margin 14.64% 14.53%
Selling, General & Admin $80.75M $91.28M
YoY Change 10.59% 40.73%
% of Gross Profit 29.64% 42.98%
Research & Development $42.36M $39.57M
YoY Change -1.79% -13.4%
% of Gross Profit 15.55% 18.63%
Depreciation & Amortization $150.5M $149.8M
YoY Change -4.53% -5.11%
% of Gross Profit 55.22% 70.54%
Operating Expenses $123.1M $130.8M
YoY Change 5.99% 18.36%
Operating Profit $149.4M $81.53M
YoY Change -10.34% 6.82%
Interest Expense -$7.740M -$15.81M
YoY Change -159.53% 562.96%
% of Operating Profit -5.18% -19.39%
Other Income/Expense, Net -$7.492M $43.00K
YoY Change 77.37% -149.43%
Pretax Income $141.9M $81.57M
YoY Change -12.62% 10.45%
Income Tax $19.19M $14.31M
% Of Pretax Income 13.52% 17.55%
Net Earnings $122.6M $66.90M
YoY Change -7.57% 4.06%
Net Earnings / Revenue 6.58% 4.58%
Basic Earnings Per Share $0.50 $0.27
Diluted Earnings Per Share $0.49 $0.27
COMMON SHARES
Basic Shares Outstanding 246.4M shares 246.2M shares
Diluted Shares Outstanding 247.9M shares 247.9M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.471B $1.545B
YoY Change 25.26% 28.35%
Cash & Equivalents $959.1M $1.080B
Short-Term Investments $512.3M $465.8M
Other Short-Term Assets $71.52M $64.18M
YoY Change 16.14% 3.69%
Inventory $349.5M $379.3M
Prepaid Expenses
Receivables $1.352B $1.148B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.244B $3.137B
YoY Change 3.8% 4.59%
LONG-TERM ASSETS
Property, Plant & Equipment $3.653B $3.587B
YoY Change 5.85% 3.79%
Goodwill $19.64M $17.54M
YoY Change 4.0% -10.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $111.4M $123.9M
YoY Change -17.72% -24.42%
Total Long-Term Assets $3.785B $3.729B
YoY Change 4.86% 2.46%
TOTAL ASSETS
Total Short-Term Assets $3.244B $3.137B
Total Long-Term Assets $3.785B $3.729B
Total Assets $7.029B $6.866B
YoY Change 4.37% 3.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $811.9M $734.8M
YoY Change -1.92% 4.72%
Accrued Expenses $315.3M $318.8M
YoY Change -9.12% 40.51%
Deferred Revenue $58.77M $63.61M
YoY Change -28.18% -16.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $265.7M $154.4M
YoY Change 25.26% -29.68%
Total Short-Term Liabilities $1.573B $1.507B
YoY Change -1.83% -4.43%
LONG-TERM LIABILITIES
Long-Term Debt $894.0M $949.3M
YoY Change -5.62% -2.69%
Other Long-Term Liabilities $215.1M $193.3M
YoY Change 34.38% -40.2%
Total Long-Term Liabilities $1.109B $1.143B
YoY Change 0.16% -12.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.573B $1.507B
Total Long-Term Liabilities $1.109B $1.143B
Total Liabilities $2.832B $2.782B
YoY Change -0.87% -4.26%
SHAREHOLDERS EQUITY
Retained Earnings $2.350B $2.247B
YoY Change 13.99% 15.37%
Common Stock $293.0K $293.0K
YoY Change 0.34% 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.164B $4.050B
YoY Change
Total Liabilities & Shareholders Equity $7.029B $6.866B
YoY Change 4.37% 3.43%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $122.6M $66.90M
YoY Change -7.57% 4.06%
Depreciation, Depletion And Amortization $150.5M $149.8M
YoY Change -4.53% -5.11%
Cash From Operating Activities $164.2M $224.8M
YoY Change -39.99% -8.94%
INVESTING ACTIVITIES
Capital Expenditures $195.5M $166.4M
YoY Change -14.77% -9.62%
Acquisitions
YoY Change
Other Investing Activities -$31.17M -$22.58M
YoY Change -35.87% -71.45%
Cash From Investing Activities -$226.7M -$189.0M
YoY Change -18.46% -28.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.85M -68.60M
YoY Change 9.99% -9.2%
NET CHANGE
Cash From Operating Activities 164.2M 224.8M
Cash From Investing Activities -226.7M -189.0M
Cash From Financing Activities -68.85M -68.60M
Net Change In Cash -131.4M -32.80M
YoY Change 96.05% -64.3%
FREE CASH FLOW
Cash From Operating Activities $164.2M $224.8M
Capital Expenditures $195.5M $166.4M
Free Cash Flow -$31.33M $58.38M
YoY Change -170.89% -6.96%

Facts In Submission

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<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Consolidated Financial Statements have been prepared in conformity with U.S. GAAP, using management’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 as a result of, for example, any worsening of the global business and economic environment.</span></div>
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1632000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1327000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1672000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1561000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247860000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246964000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247790000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247046000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-11866000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
270000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12136000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-14988000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
279000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15267000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Amortized Cost
DebtSecuritiesAvailableForSaleAndCashEquivalentsAmortizedCost
623695000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableForSaleAndCashEquivalentsAccumulatedGrossUnrealizedGainBeforeTax
212000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableForSaleAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
536000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Fair Value Disclosure
DebtSecuritiesAvailableForSaleAndCashEquivalentsFairValueDisclosure
623371000 usd
CY2023Q4 amkr Debt Securities Available For Sale And Cash Equivalents Amortized Cost
DebtSecuritiesAvailableForSaleAndCashEquivalentsAmortizedCost
581367000 usd
CY2023Q4 amkr Debt Securities Available For Sale And Cash Equivalents Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableForSaleAndCashEquivalentsAccumulatedGrossUnrealizedGainBeforeTax
615000 usd
CY2023Q4 amkr Debt Securities Available For Sale And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableForSaleAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
409000 usd
CY2023Q4 amkr Debt Securities Available For Sale And Cash Equivalents Fair Value Disclosure
DebtSecuritiesAvailableForSaleAndCashEquivalentsFairValueDisclosure
581573000 usd
amkr Proceeds From Sale Of Cash Equivalent Investments
ProceedsFromSaleOfCashEquivalentInvestments
16600000 usd
amkr Proceeds From Sale Of Cash Equivalent Investments
ProceedsFromSaleOfCashEquivalentInvestments
40100000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
484229000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
484015000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
82149000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
82030000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Amortized Cost
DebtSecuritiesAvailableForSaleAndCashEquivalentsAmortizedCost
623695000 usd
CY2024Q2 amkr Debt Securities Available For Sale And Cash Equivalents Fair Value Disclosure
DebtSecuritiesAvailableForSaleAndCashEquivalentsFairValueDisclosure
623371000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
252988000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
209506000 usd
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
10306011000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
9971780000 usd
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
6825015000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
6672335000 usd
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3480996000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3299445000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
149817000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
157742000 usd
us-gaap Depreciation
Depreciation
294605000 usd
us-gaap Depreciation
Depreciation
314357000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
104998000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
115604000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
63608000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
71117000 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
57062000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
57761000 usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
13131000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
35215000 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
11268000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11175000 usd
CY2024Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
7426000 usd
CY2023Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
7906000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
61260000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
59636000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
318753000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
358414000 usd
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1108545000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1209785000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4822000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6329000 usd
CY2024Q2 us-gaap Debt Current
DebtCurrent
154403000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
131624000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
949320000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1071832000 usd
CY2024Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
582000000 usd
CY2024Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3356000 usd
CY2023Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3697000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6840000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7525000 usd
CY2024Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1412000 usd
CY2023Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1558000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2871000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3161000 usd
CY2024Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1369000 usd
CY2023Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1278000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2787000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2589000 usd
CY2024Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
96000 usd
CY2023Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
105000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
193000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
203000 usd
CY2024Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3303000 usd
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3872000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
6731000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7894000 usd
CY2024Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6065000 usd
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6253000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14479000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15049000 usd
CY2024Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
61000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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