Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 162

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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In June 2025, we received $72.8 million for a receivable subject to bankruptcy proceedings included as part of our Nanium acquisition in May 2017 (“Nanium Insolvency Receipt”).  The terms of the purchase agreement require us to 

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

remit any insolvency payments received to the selling shareholders, less certain costs, including tax costs, incurred by us.  During the quarter, we remitted $40.4 million to the selling shareholders.  Such amounts were recorded on a net basis within selling, general and administrative expenses in our Consolidated Statements of Income and as operating cash flows within our Condensed Consolidated Statements of Cash Flows.Legal ProceedingsWe are involved in claims and legal proceedings and may become involved in other legal matters arising in the ordinary course of our business.  We evaluate these claims and legal matters on a case-by-case basis to make a determination as to the impact, if any, on our business, liquidity, results of operations, financial condition or cash flows.  Although the outcome of these matters is uncertain, we believe that the ultimate outcome of these claims and proceedings, individually and in the aggregate, will not have a material adverse impact on our business, liquidity, results of operations, financial condition or cash flows.  Our evaluation of the potential impact of these claims and legal proceedings could change in the future.In accordance with the accounting guidance for loss contingencies, including legal proceedings, lawsuits, pending claims and other legal matters, we accrue for a loss contingency when we conclude that the likelihood of a loss is probable and the amount of the loss can be reasonably estimated.  We adjust our accruals from time to time as we receive additional information, but the loss we incur may be significantly greater than or less than the amount we have accrued.  We disclose loss contingencies if we believe they are material and there is at least a reasonable possibility that a loss has been incurred.  Attorney fees related to legal matters are expensed as incurred.Lease CommitmentsAs of June 30, 2025 we have entered into additional lease agreements that have not yet commenced of approximately $13 million.

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Table of Contents

Item 2.         Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overview

Amkor is the world’s largest U.S. headquartered OS