Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 105

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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.3 million and $122.7 million, respectively.Goodwill.  The balance of goodwill in the Consolidated Balance Sheets contained in this Form 10-Q reflects adjustments for foreign currency translation.Unbilled Receivables.  Total unbilled receivables as of September 30, 2025 and December 31, 2024 were $332.4 million and $210.1 million, respectively.Contract Liabilities.  Contract liabilities were $83.1 million and $95.6 million as of September 30, 2025 and December 31, 2024, respectively.  As of September 30, 2025 and December 31, 2024, the short-term portions of the liabilities were $56.2 million and $59.7 million, respectively.  Of the remaining September 30, 2025 contract liability balance, $24.0 million is expected to be recognized in revenue over the next 1-5 years, and $2.9 million thereafter.  Revenue recognized during the nine months ended September 30, 2025 and 2024 that was included in the contract liabilities balance at the beginning of the period was $48.7 million and $54.4 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.  On July 4, 2025, the One Big Beautiful Bill Act (the “OBBBA”) was enacted in the United States, which includes a provision to increase the investment tax credit rate under the CHIPS Act from 25% to 35% for qualified property placed in service after 2025.  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 September 30, 2025 and December 31, 2024:

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

September 30, 2025December 31, 2024(In thousands)Investment tax credits recorded in:Other current assets$3,938 $— Other assets23,456 1