狗万注册地址剧本技术Reports Second Quarter 2011 Financial Results
Second Quarter 2011
  • 净销售额$688 million
  • Gross margin 19%
  • 净收入1400万美元(包括与债务炼油有关的1600万美元的费用)
  • 每个摊薄股份的收益$ 0.07(包括与债务炼油有关的0.05美元的费用)

亚里桑德勒,亚利桑那州,2011年7月27日(商业资讯) -

狗万注册地址剧本技术, Inc. (NASDAQ: AMKR), a leading provider of semiconductor assembly and test services, today announced financial results for the second quarter ended June 30, 2011, with net sales of $688 million, net income of $14 million, and earnings per diluted share of $0.07. Net income includes charges of $16 million, and earnings per diluted share include charges of $0.05, related to debt refinancings.

"We achieved strong results in the second quarter in the face of extraordinary supply chain challenges due to the tragic earthquake in Japan," said Ken Joyce, Amkor's president and chief executive officer. "Working closely with our customers and supply chain partners, we delivered sales and gross margin at the higher end of our expected range. However, as expected, our sales growth was constrained by the weakness in demand for wireless baseband chips by an OEM and the supply chain situation in Japan."

Selected financial information for the second quarter 2011 is as follows:

  • Net Sales: $688 million, up 3% from $665 million in the prior quarter, and down 8% from $749 million in the second quarter 2010
  • Gross Margin: 19%, compared to 19% in the prior quarter and 24% in the second quarter 2010
  • Net Income: $14 million, down from $25 million in the prior quarter, and down from $59 million in the second quarter 2010. Second quarter 2011 net income includes charges of $16 million related to debt refinancings
  • 每个摊薄股份的收益:0.07美元,下降0.07美元,2010年第二季度的0.23美元下降。2011年第二季度每次摊薄股份收益包括0.05美元的收费与债务剥夺有关的费用

"Gross margin of 19% was at the higher end of our anticipated range due primarily to the higher sales volume," said Joanne Solomon, Amkor's executive vice president and chief financial officer. "That said, we continue to experience significant margin pressure from unfavorable foreign currency exchange rate movements, higher gold prices, and lower than desired utilization rates."

“我们利用了资本市场的有利条件,以非常有吸引力的利率再融资成本债务,”持续的所罗门。“我们的新10年度注释降低了我们的借贷成本,扩大了我们的内疚,减轻了未来的再融资和流动性风险,并加强了我们的资产负债表。我们认可约1600万美元,没有净税效应,或者每次摊薄股份,主要是为了退休的保费退休,以退出现有债务。如果没有这些费用,我们摊薄份额的收入将在我们预期范围的较高端。“

“第二季度”资本补充是9700万美元,主要支持我们最新,最先进的互连技术,包括倒装芯片CSP,倒装芯片堆叠CSP和细间距铜柱倒装芯片,“所罗门说。“与2010年同期相比,我们2011年上半年的销售额增加了一倍多。”

现金及现金等价物were $475 million, and net debt was $848 million, at June 30, 2011.

Selected operating data for the second quarter 2011 is included in a section before the financial statements.

Business Outlook

“我们预计第三季度销售增长考虑tent with our typical seasonal patterns," said Joyce. "Strong demand for communications and the seasonal increase in gaming is expected to drive sequential revenue growth of 5% to 12%. To continue driving technology leadership and innovation and meet the capacity requirements of our leading customers, we are currently planning capital additions of approximately $225 million for the second half of 2011. This includes approximately $25 million for research and development initiatives including next generation interconnect technologies such as wafer-level fan out and Through Silicon Via."

Based upon the currently available information, we have the following expectations for the third quarter 2011:

  • 净销售额of $720 million to $770 million, up 5% to up 12% from the prior quarter
  • Gross margin between 17% and 20%
  • Net income of $27 million to $52 million, or $0.11 to $0.20 per diluted share
  • 第三季度的资本增加约为1.25亿美元,全年的资本增加约为4.25亿美元

Conference Call Information

Amkor will conduct a conference call on July 27, 2011, at 5:00 p.m. Eastern Daylight Time. This call is being webcast and can be accessed at Amkor's web site:www.www.changhe-china.com.. You may also access the call by dialing 800-762-8779. A replay of the call will be made available at Amkor's web site or by dialing 800-406-7325 (access pass code #4455478). The webcast is also being distributed over Thomson Reuters' Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Reuters' individual investor center atwww.companyboardroom.comor by visiting any of the investor sites in Thomson Reuters' Individual Investor Network. Institutional investors can access the call via Thomson Reuters' password-protected event management site, Street Events (www.streetevents.com).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies and electronics OEMs. More information on Amkor is available from the company's SEC filings and on Amkor's website:www.www.changhe-china.com..

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, statements made regarding: the impact of recent financing activities on our borrowing costs, debt maturities, future refinancing and liquidity risks, and the strength of our balance sheet, sales growth in the third quarter, demand for communications and gaming products and the associated impact on our revenue growth, the amount and timing of our capital additions in 2011, investment in research and development for next generation interconnect technologies such as wafer-level fan out and Through Silicon Via, continued margin pressure, and our current business outlook for the third quarter 2011, including our expected net sales, gross margin, net income, earnings per diluted share and capital additions. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following:

  • 需求的不确定性,生产中断以及电子行业供应链以及日本地震和海啸引发的潜在成本增加;
  • 半导体行业的高度不可预测的性质;狗万滚球官网
  • the effect of the global economy on credit markets, financial institutions, customers, suppliers and consumers;
  • 时序和数量相对于生产能力和无法实现高容量利用率;
  • volatility of consumer demand and weakness in forecasts from our customers for products incorporating our semiconductor packages;
  • dependence on key customers;
  • customer modification of and follow through with respect to forecasts provided to us;
  • 税收税率和税收的变化导致税法的变化,我们的收入赚取和征税的司法管辖区,税务审计和税收要求的结果,我们实现延期税收资产的能力和抵达税务假期;
  • 我们的客户缩减外包;
  • our substantial indebtedness and restrictive covenants;
  • failure to realize sufficient cash flow to fund capital additions;
  • the effects of a recession or other downturn in the U.S. and other economies worldwide;
  • disruptions or deficiencies in our controls resulting from the implementation of our new enterprise resource planning system;
  • the highly unpredictable nature and costs of litigation and other legal activities and the risk of adverse results of such matters;
  • worldwide economic effects of terrorist attacks, natural disasters and military conflict;
  • our ability to control costs;
  • competition, competitive pricing and declines in average selling prices;
  • 制造收益率的波动;
  • 依赖国际运营和销售;
  • dependence on raw material and equipment suppliers and changes in raw material and precious metal costs;
  • exchange rate fluctuations;
  • dependence on key personnel;
  • difficulties in managing growth;
  • 执法知识产权;
  • environmental and other governmental regulations; and
  • 技术挑战。

其他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, 2010 and in the company's subsequent filings with the Securities and Exchange Commission made prior to or after the date hereof. Amkor undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.

AMKOR TECHNOLOGY, INC.
Selected Operating Data
Sales Data: Q2 2011 Q1 2011 Q2 2010

包装服务(数百万计):
Chip scale package $ 211 $ 231 $ 234
Leadframe 188. 170. 202
Ball grid array 167. 148 194
其他packaging 46. 49. 48.
Packaging services 61.2 59.8 67.8
测试服务 76. 67. 71.
Total sales $ 688 $ 665 $ 749
Packaging services:
Chip scale package 31 % 35 % 31 %
Leadframe 27 % 26 % 27 %
Ball grid array 24 % 22 % 26 %
其他packaging 7 % 7 % 6 %
Packaging services 89. % 90. % 90. %
测试服务 11 % 10 % 10 %
Total sales 100 % 100 % 100 %
包装单位(数百万):
Chip scale package 440 475 580
Leadframe 1,671 1,573 2093年
Ball grid array 72. 62. 61.
其他packaging 3 3 7
Total packaged units 2,186 2,113 2,741
净销售额from top ten customers 60. % 57. % 55. %

Capacity Utilization(Packaging and test utilization separately presented beginning in Q4 2010. Prior periods were recalculated based on current methodology for comparability):

Packaging 76. % 71. % 84. %
Test 78. % 71. % 83. %

最终市场分布数据(An approximation including representative devices and applications based on a sampling of our largest customers. Prior periods were revised for an expanded sampling methodology and refinement of our classifications):

Communications (cell phones, Ethernet, WiMAX, wireless LAN, Bluetooth) 38 % 43. % 34 %
Consumer (gaming, set top boxes, TV, portable media) 26 % 23 % 30 %
计算(PC,平板电脑,服务器,显示器,硬盘驱动器,打印机) 12 % 12 % 14 %
网络(基础架构,路由器,网络服务器) 13 % 12 % 13 %
其他(auto, industrial) 11 % 10 % 9 %
Total 100 % 100 % 100 %
Gross Margin Data:
净销售额 100 % 100 % 100 %
Cost of sales:
材料 43. % 43. % 42. %
Labor 15 % 14 % 13 %
其他manufacturing 23 % 24 % 21 %
Gross margin 19 % 19 % 24 %

AMKOR TECHNOLOGY, INC.

Selected Operating Data

Q2 2011 Q1 2011 Q2 2010

(数百万,除了每股数据)

资本投资数据:
Property, plant and equipment additions $ 97. $ 105 $ 158.
Net change in related accounts payable and deposits 14 9 (82 )
Purchases of property, plant and equipment $ 111 $ 114 $ 76.
Depreciation and amortization $ 83. $ 83. $ 78.
免费现金流量数据:
经营活动提供的净现金 $ 114 $ 120 $ 87.
Less purchases of property, plant and equipment (111 ) (114 ) (76 )
自由现金流* $ 3 $ 6 $ 11
Earnings per Share Data:
股票收入归属于Amkor - 基础 $ 14 $ 25 $ 59.
Adjustment for dilutive securities on net income:
对2011年的2.5%可转换票据的兴趣,税收净税 - - -
对6.25%可转换票据的兴趣2013年,税收 - - 2
Interest on 6.0% convertible notes due 2014, net of tax 5 4 4
Net income attributable to Amkor - diluted $ 19 $ 29 $ 65.
Weighted average shares outstanding - basic 197 194 183.
稀释证券的影响:
Stock options and unvested restricted shares - 1 1
2.5% convertible notes due 2011 - - 3
6.25%可转换票据2013年 - - 13
6.0%可转换票据2014年 83. 83. 83.
Weighted average shares outstanding - diluted 280. 278. 283.
净收入可归因于邮政股份:
Basic $ 0.07 $ 0.13 $ 0.32
Diluted $ 0.07 $ 0.10 $ 0.23

* We define free cash flow as net cash provided by operating activities less purchases of property, plant and equipment. Free cash flow is not defined by GAAP. However, we believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results. Our management uses free cash flow in evaluating our liquidity, our ability to service debt and our ability to fund capital additions.

但是,除了根据GAAP编制的其他金融业绩的替代,也应考虑这种措施,而不是替代,或者是根据GAAP编制的其他措施,我们对自由现金流的定义可能与同样标题的措施相比其他公司。

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
2011 2010 2011 2010
(成千上万,除了每股数据除外)
净销售额 $ 687,633 $ 749,165 $ 1,352,583 $ 1,394,903
Cost of sales 55.7,816 569,966 1,096,080 1,078,748
Gross profit 129,817 179,199 256,503 316,155
Operating expenses:
Selling, general and administrative 61,284 66,356 125,842 122,652
Research and development 12,559 12,095 24,688 23,768
Total operating expenses 73,843 78.,451 150,530 146,420
营业收入 55,974 100,748 105,973 169,735.
其他(income) expense
利息花费 19,609 24,410 38,398 46.,779
利息花费, related party 2,830 3,813 5,410 7,625
Interest income (553 ) (847. ) (1,140 ) (1,580 )
Foreign currency loss (gain) 2,932 (421 ) 4,663 55.4
Loss on debt retirement, net 15,531 17,807 15,531 17,807
Equity in earnings of unconsolidated affiliate (2,089 ) (1,608 ) (3,607 ) (2,709 )
其他income, net (325 ) (149 ) (469 ) (390 )
总其他费用,网 37,935 43.,005 58,786 68,086
所得税前收入 18,039 57,743 47187年 101,649
Income tax expense (benefit) 3,594 (1,200 ) 6,976 (1,367 )
Net income 14,445 58,943 40,211 103,016

Net loss (income) attributable to noncontrolling interests

43. 107 (620 ) 331
Net income attributable to Amkor $ 14,488 $ 59.,050 $ 39,591 $ 103,347
净收入可归因于邮政股份:
Basic $ 0.07 $ 0.32 $ 0.20 $ 0.56
Diluted $ 0.07 $ 0.23 $ 0.17 $ 0.41
Shares used in computing per common share amounts:
Basic 197,084 183.,274 195,584 183.,250
Diluted 280,009 282,644 278.,810 282,551
AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30, December 31,
2011 2010
(成千上万,除了每股数据除外)
ASSETS
Current assets:
现金及现金等价物 $ 475,471 $ 404,998
Restricted cash 19,715 17,782
Accounts receivable:
Trade, net of allowances 348,127 392,327
其他 16,950 17,970
Inventories 217,735 191,072
其他current assets 32,917 37,918
Total current assets 1,110,915 1,062,067
Property, plant and equipment, net 1,573,478 1,537,226
Intangibles, net 10,957 13,524
Investments 32,027 28,215
Restricted cash 1,976 1,945
其他assets 88,342 93,845
总资产 $ 2,817,695 $ 2,736,822
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt $ 99,275 $ 150,081
Trade accounts payable 42.0,361 443,333
Accrued expenses 160662年 178,794

Total current liabilities

680,298 772,208
Long-term debt 999,078 964,219
Long-term debt, related party 225,000 250,000
Pension and severance obligations 118,927 103,543
其他non-current liabilities 13,008 10,171
Total liabilities 2,036,311 2,100,141
Equity:
Amkor stockholders' equity:
首选股票 - -
Common stock 197 183.
资本的额外支付 1,609,219 1,504,927
Accumulated deficit (850,679. ) (890,270 )
Accumulated other comprehensive income 16,269 15,457
Treasury stock (910. ) (284 )
Total Amkor stockholders' equity 774,096 630,013
Noncontrolling interests in subsidiaries 7,288 6,668
Total equity 78.1,384 636,681
总负债和股权 $ 2,817,695 $ 2,736,822
AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
六个月结束
June 30,
2011 2010
(In thousands)
经营活动中的现金流量:
Net income $ 40,211 $ 103,016
Depreciation and amortization 166,468 154,406
Loss on debt retirement, net 10,557 10,562
其他经营活动和非现金项目 3,648 (4,697 )
Changes in assets and liabilities 13,013 (72,779 )
经营活动提供的净现金 233,897 190,508
Cash flows from investing activities:
Purchases of property, plant and equipment (224,629 ) (142,928 )
Proceeds from the sale of property, plant and equipment 14,643 1,062
Financing lease payment from unconsolidated affiliate 5,991 7,767
其他investing activities (4,014 ) (9,782 )
Net cash used in investing activities (208,009. ) (143,881 )
来自融资活动的现金流量:
借贷循环信贷设施 - 3、261
Payments under revolving credit facilities - (34,253 )
退还短期营运资本设施的发行 20,000 15,000
付款短期营运资本设施 (15,000 ) (15,000 )
Proceeds from issuance of long-term debt 325,000 611,007
Proceeds from issuance of long-term debt, related party 75,000 -
付款长期债务,净赎回保费和折扣

(354,693

) (577,259. )
债务发行费用的付款 (5,875 ) (7,579 )
通过股票发行通过基于股票的薪酬计划进行 907 587
Payments of tax withholding for restricted shares (744 ) -

Net cash provided by (used in) financing activities

44,595 (4,236 )
Effect of exchange rate fluctuations on cash and cash equivalents (10 ) 6
现金和现金等价物的净增加 70,473 42.,397
现金及现金等价物, beginning of period 404,998 395,406
现金及现金等价物, end of period $ 475,471 $ 437,803

SOURCE: Amkor Technology, Inc.

狗万注册地址剧本技术, Inc., Chandler
Joanne Solomon
Executive Vice President & Chief Financial Officer
480-786-7878
joanne.solomon@www.changhe-china.com