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Amkor - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Amkor Technology (ISIN: US0316521006, WKN: 911648) Kursdatum: 21.07.2017 Kurs: 10,960 USD
Beschreibung Daten
Symbol AMKR
Marktkapitalisierung 2.608.852.736,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Technology
Rohdaten nach US GAAP in Millionen USD
Aktiensplits
Internet
Letztes Bilanz Update 24.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
32,87 3,58 0,00% 4,01 33,81 15,88 0,67 1,89

Firmenbeschreibung

Firmenstrategie

RevenueRecognitionPolicyTextBlock


We recognize revenue from our packaging and test services, net of value-added or other similar taxes, when there is evidence of an arrangement, delivery has occurred or services have been rendered, fees are fixed or determinable and collectibility is reasonably assured. Generally these criteria are met and revenue is recognized upon shipment or, in some cases, customer acceptance. If the revenue recognition criteria are not met, we defer the revenue. Deferred revenue generally results from two types of transactions: contractual invoicing at interim points in the packaging and test process prior to shipment of the finished product and customer advances for supply agreements with customers where we commit capacity in exchange for customer prepayment of services. These prepayments are deferred and recorded as customer advances within accrued expenses and other non-current liabilities.


We generally do not take ownership of customer-supplied semiconductor wafers. Title and risk of loss remains with the customer for these materials at all times. Accordingly, the cost of the customer-supplied materials is not included in our Consolidated Financial Statements.


An allowance for sales credits is recorded as a reduction to sales and accounts receivable during the period of sale such that accounts receivable is reported at its estimated net realizable value. The allowance for sales credits is an estimate of the future credits we will issue for billing adjustments primarily for invoicing corrections and miscellaneous customer claims and is estimated based upon recent credit issuance, historical experience and specific identification of known or expected sales credits at the end of the reporting period. Additionally, provisions are made for doubtful accounts when there is doubt as to the collectibility of accounts receivable. The allowance for doubtful accounts is recorded as bad debt expense and is classified as selling, general and administrative expense. The allowance for doubtful accounts is based upon specific identification of doubtful accounts considering the age of the receivable balance, the customer’s historical payment history and current credit worthiness as well as specific identification of any known or expected collectibility issues. Historically, our allowance for doubtful accounts has been immaterial.

SegmentReportingDisclosureTextBlock

18.
Business Segments, Customer Concentrations and Geographic Information


We operate as a single operating segment as managed by our Chief Executive Officer, who is considered our chief operating decision maker ("CODM"). The CODM bears the ultimate responsibility for, and is actively engaged in, the allocation of resources and the evaluation of our operating and financial results. We have concluded that we have a single operating segment based on the following:

We are managed under a functionally-based organizational structure with the head of each function reporting directly to the CODM;
We assess performance, including incentive compensation, based on consolidated operating performance and financial results;
Our CODM allocates resources and makes other operating decisions based on specific customer business opportunities and
We have an integrated process for the design, development and manufacturing services we provide to all of our customers. We also have centralized sales and administrative functions.

The following table presents net sales by product group:

 
Net Sales for the Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Advanced products
$
1,432,493

 
$
1,552,948

 
$
1,451,664

Mainstream products
1,452,110

 
1,576,492

 
1,504,786

Total net sales
$
2,884,603

 
$
3,129,440

 
$
2,956,450



The following table presents net sales by country based on customer location:

 
Net Sales for the Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
China
$
299,643

 
$
270,282

 
$
47,202

Ireland
180,903

 
175,095

 
97,180

Japan
138,494

 
268,420

 
394,834

Malaysia
276,198

 
119,889

 
106,767

Singapore
449,570

 
432,942

 
496,601

Taiwan
166,185

 
212,719

 
144,825

Other foreign countries
461,600

 
518,670

 
463,827

Total foreign countries
1,972,593

 
1,998,017

 
1,751,236

United States
912,010

 
1,131,423

 
1,205,214

Total net sales
$
2,884,603

 
$
3,129,440

 
$
2,956,450



One customer accounted for 14.4%, 17.5% and 23.7% and a second customer accounted for 11.0%, 13.2%, and 10.5% of consolidated net sales in 2015, 2014 and 2013, respectively.


The following table presents property, plant and equipment, net, based on the physical location of the asset:

 
Property, Plant and Equipment, Net
at December 31,
 
2015
 
2014
 
(In thousands)
China
$
513,175

 
$
575,207

Japan
230,436

 
145

Korea
1,124,435

 
948,192

Malaysia
39,037

 
50,137

Philippines
328,604

 
301,291

Taiwan
330,604

 
317,192

Other foreign countries
261

 
293

Total foreign countries
2,566,552

 
2,192,457

United States
12,465

 
14,019

Total property, plant and equipment, net
$
2,579,017

 
$
2,206,476

EarningsPerSharePolicyTextBlock

7.
Earnings Per Share


Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amkor common stockholders by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding includes restricted shares held by retirement eligible recipients and is reduced for treasury stock.


Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding stock options, unvested restricted shares and convertible debt. The following table summarizes the computation of basic and diluted EPS:

 
For the Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands, except per share data)
Net income attributable to Amkor
$
56,812

 
$
130,386

 
$
109,296

Income allocated to participating securities
(65
)
 
(372
)
 
(681
)
Net income available to Amkor common stockholders — basic
56,747

 
130,014

 
108,615

Adjustment for dilutive securities on net income:
 
 
 
 
 
Net income reallocated to participating securities

 
6

 
93

Interest on 6.0% convertible notes due 2014, net of tax

 
1,039

 
9,440

Net income attributable to Amkor — diluted
$
56,747

 
$
131,059

 
$
118,148

 
 
 
 
 
 
Weighted average shares outstanding — basic
236,850

 
230,710

 
187,032

Effect of dilutive securities:
 
 
 
 
 
Stock options and restricted share awards
320

 
712

 
21

6.0% convertible notes due 2014

 
5,309

 
48,277

Weighted average shares outstanding — diluted
237,170

 
236,731

 
235,330

Net income attributable to Amkor per common share:
 
 
 
 
 
Basic
$
0.24

 
$
0.56

 
$
0.58

Diluted
0.24

 
0.55

 
0.50



The following table summarizes the potential shares of common stock that were excluded from diluted EPS, because the effect of including these potential shares was antidilutive:

 
For the Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Stock options and restricted share awards
1,858

 
1,303

 
4,890