Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 102

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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2024 were $199.4 million and $210.1 million, respectively.Contract Liabilities.  Contract liabilities were $87.9 million and $95.6 million as of March 31, 2025 and December 31, 2024, respectively.  As of March 31, 2025 and December 31, 2024, the short-term portions of the liabilities were $67.6 million and $59.7 million, respectively.  The remainder of the March 31, 2025 contract liability balance is expected to be recognized in revenue over the next 1-5 years.  Revenue recognized during the three months ended March 31, 2025 and 2024 that was included in the contract liabilities balance at the beginning of the period was $15.2 million and $18.9 million, respectively. Grant Accounting.  From time to time, we may receive grants from governmental agencies.  We recognize grants in our financial statements when there is reasonable assurance that we will comply with conditions attached to the grants and the grants will be received.  Investment tax credits and grants receivable recorded reduce the carrying amounts of the qualifying property, plant and equipment in our Consolidated Balance Sheets.  The following table presents investment tax credits and grants receivable as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024(In thousands)Investment tax credits recorded in:Other current assets$1,403 $— Other assets850 1,403 Grants receivable recorded in:Other assets2,089 — 

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Table of ContentsAMKOR TECHNOLOGY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)(Unaudited)

Recently Issued Standards.  In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”).  ASU 2023-09 requires disclosure of additional income tax information, primarily related to effective tax rate reconciliation and income taxes paid.  ASU 2023-09 is effective for annual periods beginning after December 15, 2024.  Early adoption is permitted.  Adoption of this ASU should be applied on a prospective basis, but retrospective application