Printer-friendly version Back

公司Technology Reports Financial Results for the Second Quarter 2015

Second Quarter Highlights

  • 净销售额 737美元million
  • 毛利率15.6％
  • Net income 1000万美元; $19 million在提前熄灭债务之前
  • 每个摊薄股份的收益 $0.04; $0.08在提前熄灭债务之前
  • 赎回为所有人完成 3.45亿美元我们的高级指出由于2018年的7.375%

TEMPE, Ariz.- （商业资讯） - JUL。2015年27日 - 狗万注册地址Amkor Technology，Inc。(NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2015。

“我们生成了 737美元M在Q2收入中，大致平坦于Q1，“说 史蒂夫凯利, 公司'spresident and chief executive officer. “Profitability was constrained due to lower revenues and a weaker product mix.”

GAAP Results
Q2 2015 Q1 2015 Q2 2014
($ in millions, except per share amounts)
净销售额 737美元 743美元 767美元
毛利率 15.。6% 18.2％ 19.6%
净收入* $10 29美元 50美元
每个摊薄股份的收益* $0.04 $0.12 $0.21

*Second quarter 2015 results include a $9 million( $0.04per diluted share) charge for the early extinguishment of debt related to the redemption of all 3.45亿美元总金额 公司's出色的高级指出由于2018年的7.375%。第二个问uarter 2014 results include a net gain of $18 million( $0.08每个摊薄份额）与销售有关 公司's日本子公司J-Devices，其合资企业 Japan。

During the second quarter we completed the redemption of our 7.375% Senior Notes due 2018 using cash on hand and borrowings under our credit facilities which bear interest at floating rates tied to LIBOR. Based on current interest rates, we expect to save approximately 1700万美元in annual interest expense from the redemption.

Cash and cash equivalents were $442 million, and total debt was $1.5 billion, at June 30, 2015。

商业前景

“We expect sluggish mobile device market conditions to persist through most of Q3, with revenues slightly down compared with Q2,” said Kelley. “We are cautiously optimistic that demand will strengthen in the fourth quarter with the anticipated launch of flagship mobile devices. Due to the changed demand outlook, we are reducing our estimate of full year 2015 capital expenditures to around $550 million, including around 1.5亿美元of spending for our new K5 facility."

Based upon currently available information, we have the following expectations for the third quarter 2015:

  • 净销售额of $700 million到$750 million, down 5% to up 2% from the prior quarter
  • 毛利率为13％至16％
  • 净损失 $7 million到net income of $14 million, or ($0.03)到 $0.06每股

Conference Call Information

公司will conduct a conference call on Monday, July 27, 2015, at 5:00 PM。东部时间。This call may include material information not included in this press release. This call is being webcast and can be accessed at 公司'swebsite:www.www.changhe-china.com。您还可以通过拨打1-877-645-6380或1-404-991-3911访问呼叫。将在拨打电话重放 公司'swebsite or by dialing 1-855-859-2056 or 1-404-537-3406 (conference ID 84109040). The webcast is also being distributed over NASDAQ OMX'sinvestor distribution network to both institutional and individual investors. Institutional investors can access the call via NASDAQ OMX's受密码保护的事件管理网站，街头活动（www.streetevents.com.).

About 公司

公司is a leading provider of semiconductor packaging and test services to semiconductor companies and electronics OEMs. More information about 公司可从公司的申请商提供 证券交易委员会和at 公司'swebsite:www.www.changhe-china.com。

狗万注册地址Amkor Technology，Inc。

选择的操作数据
Q2 2015 Q1 2015 Q2 2014
Net Sales Data:
净销售（数百万计）：
Advanced products* $ 362. $ 373. $ 364.
Mainstream products** 375. 370. 403
Total net sales $ 737 $ 743 $ 767
包装服务

85

 % 85 % 86 %
Test services

15.

 % 15. % 14. %
净销售额from top ten customers 62. % 60. % 58. %
Packaged units (in millions):
Advanced products*

1,275

 1,188 910
Mainstream products** 2,703 2,671 3,379
Total packaged units

3,978

 3,859 4,289
最终市场分布数据(an approximation including representative devices and applications based on a sampling of our largest customers):
Communications (smart phones, tablets, handheld devices, wireless LAN) 56. % 57. % 53. %
消费者（电视，设置顶盒，游戏，便携式媒体，数码相机） 12. % 12. % 15. %
汽车，工业等（信息娱乐，安全，性能，舒适） 12. % 11. % 12. %
网络（服务器，路由器，交换机） 11. % 11. % 11. %
Computing (PCs, hard disk drive, printers, peripherals, servers) 9 % 9 % 9 %
Total 100. % 100. % 100. %
毛利率数据：
净销售额 100.0 % 100.0 % 100.0 %
销售成本:
斜纹布ls 37.2 % 36.7 % 37.2 %
Labor 15.。7 % 14.。2 % 14.。0 %
其他制造业 31.5 % 30.9 % 29.2 %
毛利率 15.。6 % 18.2 % 19.6 %
Earnings per Share Data:
归属于Amkor普通股东 - 基本和稀释的净收入 $ 10. $ 29. $ 50.
Weighted average shares outstanding - basic 237. 237. 233.
Effect of dilutive securities:
股票期权 — — 1
6.0% convertible notes due 2014 — — 3
Weighted average shares outstanding - diluted 237. 237. 237.
净收入可归因于邮政股份：
Basic $ 0.04 $ 0.12 $ 0.21
稀 $ 0.04 $ 0.12 $ 0.21

*高级产品包括倒装芯片和晶圆级处理和相关测试服务

**主流产品包括线路包装及相关测试服务

狗万注册地址Amkor Technology，Inc。

CONSOLIDATED STATEMENTS OF INCOME

（未经审计）
For the Three Months Ended
June 30,		 For the Six Months Ended
June 30,
2015 2014 2015 2014
(In thousands, except per share data)
净销售额 $ 736,722 $ 767,459 $ 1,479,597 $ 1,463,503
销售成本 62.1,624 616,745 1,229,552 1,183,969
Gross profit 115,098 15.0,714 250,045 279,534
销售，一般和行政 56,435 67,674 119,377 130,098
Research and development 20,020 22,079 38,046 43,124
Total operating expenses 76,455 89,753 15.7,423 173,222
Operating income 38,643 60.,961 92,622 10.6,312
Interest expense 22,845 22,537 46,622 46,259
利息费用，关联方 1,242 1,242 2,484 2,484
Other expense (income), net 7,290 (5,699 ) 6,792 (5,663 )
Total other expense, net 31,377 18,080 55,898 43,080
Income before taxes and equity in earnings of unconsolidated affiliate 7,266 42,881 36,724 63,232
Income tax expense 4,631 12,511 10,630 17,440
Income before equity in earnings of unconsolidated affiliate 2,635 30,370 26,094 45,792
Equity in earnings of J-Devices 7,566 20,036 13,804 25,797
Net income 10.,201 50.,406 39,898 71,589
归属于不可逆信利息的净收入 (623 ) (885 ) (1,539 ) （1,435 )
Net income attributable to Amkor $ 9,578 $ 49,521. $ 38,359 $ 70,154
净收入可归因于邮政股份：
Basic $ 0.04 $ 0.21 $ 0.16 $ 0.31
稀 $ 0.04 $ 0.21 $ 0.16 $ 0.30
每普通份额计算中使用的股票金额：
Basic 236,840 232,891. 236,774 224,868
稀 237,321 236,872 237,366 236,182

Net income for the three and six months ended June 30, 2014包括净收益 $18 million( $0.08每个摊薄份额）与销售有关 公司's日本子公司J-Devices，其合资企业 Japan。In connection with the sale, 公司recognized $9 million主要是从实现累计的外币翻译收益（以其他费用（收入），净额）和额外的额外情况的实现 $9 millionfrom its equity interest in the gain realized by J-Devices on the transaction (reflected in Equity in earnings of J-Devices).

狗万注册地址Amkor Technology，Inc。

合并资产负债表

（未经审计）

June 30,
2015

12月31日，
2014
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 442,297 $ 449,946
有限的现金 2, 682 2, 681
Accounts receivable, net of allowances 438,494 469,683
库存 219,993 223,379
Other current assets 48,912 52,259
Total current assets 1,152,378 1,197,948
Property, plant and equipment, net 2,229,022 2,206,476
Investments 14.0,396 11.7,733
有限的现金 2,306 2,123
其他资产 12.0,126 111,125
Total assets $ 3,644,228 $ 3,635,405
负债和股权
Current liabilities:
Short-term borrowings and current portion of long-term debt $ — $ 5,000
应付贸易账款 280,677 309,025
Capital expenditures payable 210,319 12.7,568
预提费用 226,402 258,997
Total current liabilities 717,398 700,590
Long-term debt 1,415,528 1,450,824
长期债务，关联方 75,000 75,000
Pension and severance obligations 158,041 15.2,673
其他非流动负债 109,068 125,382
负债总额 2,475,035 2504469年
公司stockholders’ equity:
首选股票 — —
Common stock 283. 282.
Additional paid-in capital 1,881,713 1,878,810
累计赤字 （478,603. ) （516,962. )
积累其他综合损失 （36,985 ) (32,867 )
Treasury stock （213,455. ) (213,028 )
Total Amkor stockholders’ equity 1,152,953 1,116,235
Noncontrolling interests in subsidiaries 16,240 14.,701
Total equity 1,169,193 1,130,936
负债总额和equity $ 3,644,228 $ 3,635,405

狗万注册地址Amkor Technology，Inc。

浓缩的综合现金流量陈述

（未经审计）

For the Six Months Ended
June 30,
2015 2014
(In thousands)
经营活动中的现金流量：
Net income $ 39,898 $ 71,589
Depreciation and amortization 248,716 220,389
Loss on debt retirement 2,530 —
Gain on sale of subsidiary to J-Devices — (9,155 )
Other operating activities and non-cash items (14,179 ) （24,000. )
资产和负债的变化 (48,684 ) （23,570. )
经营活动提供的净现金 228,281 235,253
Cash flows from investing activities:
Payments for property, plant and equipment (194,360 ) （230,392 )
Proceeds from sale of property, plant and equipment 4,069 1,634
Cash received (transferred) on sale of subsidiary to J-Devices, net 8,355 (15,774 )
Investment in J-Devices （12,908 ) —
其他投资活动 （1,315 ) (353 )
Net cash used in investing activities （196,159. ) （244,885. )
来自融资活动的现金流量：
Borrowings under revolving credit facilities 180,000 —
Payments under revolving credit facilities (30,000 ) —
Proceeds from issuance of long-term debt 34万 80,000
Payments of long-term debt (530,000 ) (140,000 )
支付延期考虑的收购 — (18,763 )
Proceeds from the issuance of stock through share-based compensation plans 656 4,826
支付税收扣缴限制股份 (427 ) (1,006 )
Net cash used in financing activities (39,771 ) (74,943 )
汇率波动对现金和现金等价物的影响 —

68
Net decrease in cash and cash equivalents (7,649 ) （84,507 )
Cash and cash equivalents, beginning of period 449,946 610,442
Cash and cash equivalents, end of period $ 442,297 $ 525,935

Forward-Looking Statement Disclaimer

此新闻稿包含联邦证券法的含义中的前瞻性陈述。历史事实陈述以外的所有陈述被视为前瞻性陈述，包括但不限于，关于预期年利息储蓄的陈述和在“业务前景”下的所有陈述。这些前瞻性陈述涉及可能影响未来结果的许多风险，不确定性，假设和其他因素，并导致实际结果和事件从历史和预期结果和前瞻性陈述中表达或暗示的那些，包括，但不限于以下内容：

  • there can be no assurance that our new factory and research and development center in Koreawill be completed, or that the actual scope, costs, timeline or benefits of the project will be consistent with our current expectations;
  • the highly unpredictable nature and cyclicality of the semiconductor industry;
  • timing and volume of orders relative to production capacity and the inability to achieve high capacity utilization rates, control costs and improve profitability;
  • volatility of consumer demand, double booking by customers and deterioration in forecasts from our customers for products incorporating our semiconductor packages, including any slowdown in demand or changes in customer forecasts for smartphones or other mobile devices;
  • 延迟，降低与晶片有关的制造产量和供应限制，特别是对于高级节点和相关技术;
  • 依赖关键客户以及我们市场份额和价格与这些客户的价格的影响;
  • the performance of our business, economic and market conditions, the cash needs and investment opportunities for the business, the need for additional capacity and facilities to service customer demand and the availability of cash flow from operations or financing;
  • the effect of the global economy on credit markets, financial institutions, customers, suppliers and consumers, including the uncertain macroeconomic environment;
  • the highly unpredictable nature and costs of litigation and other legal activities and the risk of adverse results of such matters and the impact of other legal proceedings;
  • 对美国政府的行动或不作为联邦所得税的行动或无所作为的负面影响，对个人或公司，联邦债务上限，联邦赤字和政府支出限制或停机;
  • changes in tax rates and taxes as a result of changes in U.S. or foreign tax law, the jurisdictions in which our income is determined to be earned and taxed, the outcome of tax audits and tax ruling requests, our ability to realize deferred tax assets and the expiration of tax holidays;
  • curtailment of outsourcing by our customers;
  • our substantial indebtedness and restrictive covenants;
  • failure to realize sufficient cash flow or access to other sources of liquidity to fund capital additions;
  • 经济放缓的影响 China, the U.S. and other major economies worldwide;
  • disruptions in our business or deficiencies in our controls resulting from the integration of newly acquired operations or the implementation and security of, and changes to, our enterprise resource planning, factory shop floor systems and other management information systems;
  • economic effects of terrorist attacks, natural disasters and military conflict;
  • competition, competitive pricing and declines in average selling prices;
  • 制造收益率的波动;
  • dependence on international operations and sales and exchange rate fluctuations;
  • 依赖原料和设备供应商以及原料和贵金属成本的变化;
  • dependence on key personnel;
  • enforcement of and compliance with intellectual property rights;
  • 环境和其他政府法规;和
  • technological challenges.

Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2014 and in the company's subsequent filings with the 证券交易委员会made prior to or after the date hereof. 公司undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

来源： 狗万注册地址Amkor Technology，Inc。

狗万注册地址Amkor Technology，Inc。
Joanne Solomon
Executive Vice President & Chief Financial Officer
480-786-7878
joanne.solomon@www.changhe-china.com.
Greg Johnson
Senior Director, Finance and Investor Relations
480-786-7594
greg.johnson@www.changhe-china.com