AMKR FY 2023 Earnings Report — Amkor Technology, Inc. Revenue & Financial Results | Market Cap Arena

Amkor Technology, Inc.AMKR

FY 2023 Earnings

Reported February 16, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$6.5B	—	$7.1B	—	-8.3%
Op. Income	$470M	—	$897M	—	-47.6%
Gross Margin	14.5%	—	18.8%	—	-4.3pp
Net Margin	5.5%	—	10.8%	—	-5.3pp
EPS (Diluted)	$1.46	—	$3.11	—	-53.1%
Free Cash Flow	$521M	—	$190M	—	173.3%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.6B
GROSS PROFIT	$943M
R&D Expenses	$177M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$295M
Other Expenses	$0
Operating Expenses	$473M
Cost & Expenses	$6.0B
OPERATING INCOME	$470M
Interest Income	$48M
Interest Expense	$59M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$444M
Income Tax Expense	$82M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$360M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$360M
D&A	$632M
EBIT	$503M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.6B
GROSS PROFIT	$943M
R&D Expenses	$177M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$295M
Other Expenses	$0
Operating Expenses	$473M
Cost & Expenses	$6.0B
OPERATING INCOME	$470M
Interest Income	$48M
Interest Expense	$59M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$444M
Income Tax Expense	$82M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$360M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$360M
D&A	$632M
EBIT	$503M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$360M
Depreciation & Amortization	$632M
Stock-Based Compensation	$8M
Deferred Income Tax	$13M
Other Non-Cash Items	$20M
Change in Working Capital	$237M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$749M
Acquisitions (Net)	$0
Purchases of Investments	-$658M
Sales/Maturities of Investments	$474M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$952M
Net Debt Issuance	-$72M
Common Stock Repurchased	$0
Common Dividends Paid	-$75M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$149M
FREE CASH FLOW	$521M
Net Change in Cash	$158M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$475M
Net Receivables	$1.1B
Inventory	$393M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$3.4B
Goodwill	$20M
Intangible Assets	$0
Long-Term Investments	$799.0K
Tax Assets	$74M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$6.8B
Account Payables	$754M
Short-Term Debt	$223M
Deferred Revenue	$71M
Other Current Liabilities	$185M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$161M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.8B
Common Stock	$292.0K
Additional Paid-In Capital	$2.0B
Retained Earnings	$2.2B
Treasury Stock	-$222M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$33M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$1.4B
Net Debt	$321M