AMKOR TECHNOLOGY INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Cash flows from operating activities: | |||
| Net income | $355,535 | $362,131 | $767,042 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 594,663 | 631,508 | 612,702 |
| Amortization of deferred debt issuance costs and premiums | 3,534 | 3,523 | 3,247 |
| Deferred income taxes | (784) | 13,394 | (11,623) |
| Gain on disposal of fixed assets, net | (3,978) | (2,200) | (2,807) |
| Share-based compensation | 18,371 | 8,277 | 13,562 |
| Other, net | 8,160 | 16,660 | (1,957) |
| Changes in assets and liabilities: | |||
| Accounts receivable | 99,690 | 205,491 | (103,990) |
| Inventories | 78,965 | 233,797 | (148,137) |
| Other current assets | (5,640) | 2,673 | (23,802) |
| Other assets | 12,076 | 10,875 | (34,835) |
| Trade accounts payable | (36,047) | (134,618) | 86,574 |
| Accrued expenses | 3,709 | (48,389) | (40,637) |
| Pension and severance obligations | (6,527) | (844) | (10,547) |
| Net operating lease ROU asset | 3,544 | 50,650 | (14,483) |
| Operating lease liabilities | (1,577) | (52,543) | 1,574 |
| Other non-current liabilities | (34,826) | (30,365) | 6,873 |
| Net cash provided by operating activities | 1,088,868 | 1,270,020 | 1,098,756 |
| Cash flows from investing activities: | |||
| Payments for property, plant and equipment | (743,796) | (749,467) | (908,294) |
| Proceeds from sale of property, plant and equipment | 3,981 | 8,444 | 3,148 |
| Proceeds from foreign exchange forward contracts | 47,045 | 44,013 | 33,578 |
| Payments for foreign exchange forward contracts | (88,623) | (75,786) | (104,703) |
| Payments for short-term investments | (568,711) | (657,583) | (438,803) |
| Proceeds from sale of short-term investments | 65,502 | 94,242 | 33,972 |
| Proceeds from maturities of short-term investments | 474,097 | 379,344 | 370,924 |
| Other investing activities | 10,181 | 4,883 | 3,009 |
| Net cash used in investing activities | (800,324) | (951,910) | (1,007,169) |
| 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 | 5,012 | 20,712 | 29,711 |
| Payments of short-term debt | (9,731) | (19,448) | (27,187) |
| Proceeds from long-term debt | 172,651 | 168,335 | 366,386 |
| Payments of long-term debt | (177,214) | (175,427) | (214,290) |
| Payments for debt issuance costs | (1,280) | (1,385) | (7,297) |
| Payments of finance lease obligations | (72,255) | (66,398) | (40,673) |
| Proceeds from issuance of stock through share-based compensation plans | 4,995 | 3,562 | 5,635 |
| Payments of dividends | (178,605) | (74,686) | (55,116) |
| Other financing activities | (4,005) | (4,472) | (1,572) |
| Net cash (used in) provided by financing activities | (260,432) | (149,207) | 55,597 |
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | (14,417) | (10,692) | (16,299) |
| Net increase in cash, cash equivalents and restricted cash | 13,695 | 158,211 | 130,885 |
| Cash, cash equivalents and restricted cash, beginning of period | 1,120,617 | 962,406 | 831,521 |
| Cash, cash equivalents and restricted cash, end of period | $1,134,312 | $1,120,617 | $962,406 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest | $60,263 | $54,306 | $54,355 |
| Income taxes | 82,617 | 90,458 | 97,333 |
| Non-cash investing and financing activities: | |||
| Property, plant and equipment included in capital expenditures payable | 118,082 | 104,109 | 142,160 |
| Property, plant and equipment acquired through grants | 32,670 | — | — |
| Right of use assets acquired through operating lease liabilities | 29,541 | 6,270 | 64,849 |
| Right of use assets acquired through finance lease liabilities | 149,865 | 58,232 | 58,166 |
| Grants and incentive receivables for qualified capital expenditures | 1,403 | — | — |
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