Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 114

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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5 and December 31, 2024, our foreign exchange forward contracts consisted of the following:March 31, 2025December 31, 2024Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location(In thousands)Forward contracts not designated as hedging instrumentsJapanese yen$243,348 $648 Other current assets$254,783 $10 Other current assetsKorean won76,498 (220)Accrued expenses80,260 (472)Accrued expensesPhilippine peso10,624 (3)Accrued expenses8,431 (29)Accrued expensesSingapore dollar22,953 (94)Accrued expenses8,454 (39)Accrued expensesTaiwan dollar31,535 12 Other current assets31,150 (70)Accrued expensesTotal forward contracts not designated as hedging instruments$384,958 $343 $383,078 $(600)March 31, 2025December 31, 2024Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location(In thousands)Forward contracts designated as net investment hedging instrumentsJapanese yen$128,739 $(367)Accrued expenses$123,042 $(83)Accrued expensesTotal forward contracts designated as net investment hedging instruments$128,739 $(367)$123,042 $(83)For the three months ended March 31, 2025, we incurred a net loss of $2.9 million due to the impact of derivatives not designated as hedging instruments, which includes the forward costs, and the related hedged items.  For the three months ended March 31, 2024, the derivatives not designated as hedging instruments resulted in a net loss of $27.5 million, which were partially offset by the foreign currency gains associated with the underlying net liabilities.For the three months ended March 31, 2025, a gain of $1.3 million was recognized in other (income) expense, net for the difference between the forward rate and the spot rate of the net investment hedge.  For the three months ended March 31, 2025, a loss of $4.7 million was recognized in other comprehensive income (loss) for the changes in fair value of the net investment hedges.