Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 136

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 2024.  Early adoption is permitted.  Adoption of this ASU should be applied on a prospective basis, but retrospective application is permitted.  The new standard will result in enhanced disclosures in our financial statements.In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which was subsequently amended and clarified.  ASU 2024-03 requires disaggregation of key expense categories such as inventory purchases, employee compensation, depreciation and intangible asset amortization in the financial statements.  ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027.  Early adoption is permitted.  Adoption of this ASU should be applied either prospectively after the effective date or retrospectively to any or all periods presented in the financial statements.  We are currently evaluating the impact of this new standard on our financial statements, which is expected to result in enhanced disclosures.

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

2.    Business Segments, Product Groups and End Markets 

The following table presents revenue, profit or loss and significant segment expenses for our single operating segment:For the Three Months Ended March 31,20252024(In thousands)Net sales$1,321,575 $1,365,511 Less:Materials cost of sales692,748 708,666 Labor cost of sales159,164 153,349 Depreciation cost of sales139,869 129,088 Other cost of sales172,211 172,765 Selling, general and administrative80,408 90,346 Research and development45,652 38,171 Interest expense16,809 16,439 Income tax expense3,936 12,196 Other segment items (1)(11,075)(15,295)Segment net income$21,853 $59,786 (1) Other segment items include interest income, foreign currency (gain) loss, net and other (income) expense.  The following table represents other balances included in net income or that are regularly provided to the Chief