AMKOR TECHNOLOGY INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
AMKR$34.47-1.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows —
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands) | |||
| Cash flows from operating activities: | |||
| Net income | $362,131 | $767,042 | $645,607 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 631,508 | 612,702 | 563,582 |
| Amortization of deferred debt issuance costs and premiums | 3,523 | 3,247 | 2,508 |
| Deferred income taxes | 13,394 | (11,623) | 10,676 |
| Gain on disposal of fixed assets, net | (2,200) | (2,807) | (1,446) |
| Share-based compensation | 8,277 | 13,562 | 10,970 |
| Other, net | 16,660 | (1,957) | 13,752 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 205,491 | (103,990) | (298,854) |
| Inventories | 233,797 | (148,137) | (190,555) |
| Other current assets | 2,673 | (23,802) | 5,335 |
| Other assets | 10,875 | (34,835) | 14,746 |
| Trade accounts payable | (134,618) | 86,574 | 215,646 |
| Accrued expenses | (48,389) | (40,637) | 108,283 |
| Pension and severance obligations | (844) | (10,547) | (30,013) |
| Net operating lease ROU asset | 50,650 | (14,483) | (14,781) |
| Operating lease liabilities | (52,543) | 1,574 | 16,293 |
| Other non-current liabilities | (30,365) | 6,873 | 49,546 |
| Net cash provided by operating activities | 1,270,020 | 1,098,756 | 1,121,295 |
| Cash flows from investing activities: | |||
| Payments for property, plant and equipment | (749,467) | (908,294) | (779,779) |
| Proceeds from sale of property, plant and equipment | 8,444 | 3,148 | 3,157 |
| Proceeds from foreign exchange forward contracts | 44,013 | 33,578 | 16,608 |
| Payments for foreign exchange forward contracts | (75,786) | (104,703) | (69,835) |
| Payments for short-term investments | (657,583) | (438,803) | (414,208) |
| Proceeds from sale of short-term investments | 94,242 | 33,972 | 87,273 |
| Proceeds from maturities of short-term investments | 379,344 | 370,924 | 204,679 |
| Other investing activities | 4,883 | 3,009 | 8,226 |
| Net cash used in investing activities | (951,910) | (1,007,169) | (943,879) |
| Cash flows from financing activities: | |||
| Proceeds from revolving credit facilities | 370,000 | 80,000 | — |
| Payments of revolving credit facilities | (370,000) | (80,000) | — |
| Proceeds from short-term debt | 20,712 | 29,711 | 15,514 |
| Payments of short-term debt | (19,448) | (27,187) | (19,927) |
| Proceeds from issuance of long-term debt | 168,335 | 366,386 | 353,587 |
| Payments of long-term debt | (175,427) | (214,290) | (316,635) |
| Payments for debt issuance costs | (1,385) | (7,297) | (1,294) |
| Payments of finance lease obligations | (66,398) | (40,673) | (20,373) |
| Proceeds from issuance of stock through share-based compensation plans | 3,562 | 5,635 | 12,787 |
| Payments of dividends | (74,686) | (55,116) | (51,213) |
| Other financing activities | (4,472) | (1,572) | (2,548) |
| Net cash (used in) provided by financing activities | (149,207) | 55,597 | (30,102) |
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | (10,692) | (16,299) | (17,990) |
| Net increase in cash, cash equivalents and restricted cash | 158,211 | 130,885 | 129,324 |
| Cash, cash equivalents and restricted cash, beginning of period | 962,406 | 831,521 | 702,197 |
| Cash, cash equivalents and restricted cash, end of period | $1,120,617 | $962,406 | $831,521 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands) | |||
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest | $54,306 | $54,355 | $46,932 |
| Income taxes | 90,458 | 97,333 | 24,011 |
| Non-cash investing and financing activities: | |||
| Property, plant and equipment included in capital expenditures payable | 104,109 | 142,160 | 211,421 |
| Right of use assets acquired through operating lease liabilities | 6,270 | 64,849 | 63,314 |
| Right of use assets acquired through finance lease liabilities | 58,232 | 58,166 | 73,894 |
| Dividends declared and unpaid | — | 25 | 58 |
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