Company: AMKR
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001047127-25-000087
Chunk: 204

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 204
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 exchange forward contracts in the current year and lower payments for property, plant and equipment, partially offset by lower net proceeds for short-term investment activity.  Payments for property, plant and equipment can fluctuate based on the timing of purchase, receipt and acceptance of equipment.

Financing activities:  The net cash used in financing activities for the three months ended March 31, 2025 decreased by $27.6 million compared to the three months ended March 31, 2024, primarily due to the timing of our quarterly dividend payment for the respective periods.   Our quarterly dividend for the first quarter of 2025 was paid on April 2, 2025.

We provide the following supplemental data to assist our investors and analysts in understanding our liquidity and capital resources.  We define “free cash flow” as net cash provided by operating activities less payments for property, plant and equipment, plus proceeds from the sale of, insurance recovery for and grants for property, plant and equipment, if applicable.  Free cash flow is not defined by U.S. GAAP.  We believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results.  Our management uses free cash flow in evaluating our liquidity, our ability to service debt, our ability to fund capital expenditures and our ability to pay dividends and the amount of dividends to be paid.  However, free cash flow has certain limitations, including that it does not represent the residual cash flow available for discretionary expenditures since other, non-discretionary expenditures, such as mandatory debt service, are not deducted from the measure.  The amount of mandatory versus discretionary expenditures can vary significantly between periods.  This measure should be considered in addition to, and not as a substitute for, or superior to, other measures of liquidity or financial performance prepared in accordance with U.S. GAAP, such as net cash provided by operating activities.  Furthermore, our definition of free cash flow may not be comparable to similarly titled measures reported by other companies.

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For the Three Months Ended March 31, 20252024 (In thousands)Net cash provided by operating activities$24,149 $162,312 Payments for property, plant and equipment(79,897)(96,169)Proceeds from sale of and grants for property, plant and equipment5,767 8,022 Free cash flow$(49,981)$74,165 

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