アムコーテクノロジーは2024年第3四半期の財務結果を報告しました
2024年10月28日、アリゾナ州テンピ--半導体パッケージングおよびテストサービスのトッププロバイダーであるアムコア・テクノロジー（Nasdaq: AMKR）は、2024年9月30日に終了した第3四半期の財務結果を発表しました。
2024年第3四半期のハイライト
•純売上高は18.6億ドルで前期比27％増
•粗利益は27200万ドルで、営業利益は14900万ドルです。
•ネットイン収益 $12300万、希薄化後１株あたりの利益 $0.49
•EBITDA 30900万ドル
アムコールは、$18.6億の第3四半期の売上高を達成し、前の四半期比で27%増加しました。これは、通信および消費関連のエンドマーケットをサポートするために強力な需要に牽引されるadvanced SiPテクノロジーによるものです。とアムコールの社長兼最高経営責任者であるギール・ルッテン氏は述べています。「この四半期は、いくつかの大量商品の急速な生産拡大を実行し、業界のリーダーとの主要なパートナーシップをさらに強化し、地域別の弾力性のあるサプライチェーンを確保することに焦点を当てました。」
四半期の財務結果
（百万ドル、株当たりデータを除く） | Q3 2024 | Q2 2024 | Q3 2023 | |||||||||||||||||
| 売上高 | $1,862 | $1,461 | $1,822 | |||||||||||||||||
| 粗利率 | 14.6% | 14.5% | 15.5% | |||||||||||||||||
| 営業利益 | $149 | $82 | $167 | |||||||||||||||||
| 営業利益率 | 8.0% | 5.6% | 9.1% | |||||||||||||||||
| アムコールに帰属する当期純利益 | $123 | $67 | $133 | |||||||||||||||||
| 希薄化後の1株当たりの利益 | $0.49 | $0.27 | $0.54 | |||||||||||||||||
| EBITDA（1） | $309 | $247 | $333 | |||||||||||||||||
(1) EBITDAは非GAAPの指標です。同等のGAAP指標への調整は、「選択された運営データ」の下に含まれています。
2024年9月30日時点で、現金および短期投資の合計額は15億ドルで、総負債額は11億ドルでした。
四半期配当は2024年9月23日に株1株当たり0.07875ドル支払われました。将来の配当の宣言と支払い、および記録と支払いの日付は取締役会の承認を受けます。
ビジネス展望
以下の情報は、Amkorの2024年第4四半期のガイダンスを示しています（それ以外の場合は除く）：
•売上高は16億ドルから17億ドルです
•粗利率は13.5％から15.5％です
•当期純利益は7000万ドルから1億1000万ドル、または希薄化後1株当たり0.28ドルから0.44ドルです
•全年 2024 約75000万ドルの資本支出
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コールの情報
アムコールは2024年10月28日（月）午後5時（東部時間）に電話会議を実施します。この通話には、このプレスリリースに含まれていない情報が含まれる場合があります。ライブオーディオWebキャストと添付のスライドプレゼンテーションにアクセスするには、AmkorのWebサイトの投資家向け情報セクションを訪れてください。Webサイトは、ir.amkor.comにあります。ライブコールには、1-877-407-4019または1-201-689-8337にダイヤルすることでアクセスできます。
Amkor Technology, Inc.（以下、アミコール）について
アムコーテクノロジー株式会社は、世界最大の米国本社OSAt（外注半導体アッセンブリおよびテスト）サービスプロバイダーです。1968年の創立以来、アムコーテクノロジーは、ICパッケージングおよびテストサービスの外部委託を先駆的に推進しており、世界の主要な半導体企業、ファウンドリー、および電子機器OEMの戦略的な製造パートナーです。アムコーテクノロジーは、コミュニケーション、自動車および産業、コンピューティング、消費関連などの産業、スマートフォン、電気自動車、データセンター、人工知能やウェアラブルを含む製品のためのターンキー製造サービスを提供しています。アムコーテクノロジーの運営拠点には、アジア、ヨーロッパ、および米国の主要な電子機器製造地域にある生産施設、研究開発センター、および営業支援オフィスが含まれます。詳細はamkor.comをご覧ください。
Jennifer Jue
投資家関係および財務担当副社長
480-786-7594
jennifer.jue@amkor.com
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AMKOR TECHNOLOGY, INC.
選択された運用データ
| Q3 2024 | Q2 2024 | Q3 2023 | |||||||||||||||
| 売上データ： | |||||||||||||||||
| 売上（百万単位）： | |||||||||||||||||
| 高度製品（1） | $ | 1,568 | $ | 1,180 | $ | 1,452 | |||||||||||
| 主流製品（2） | 294 | 281 | 370 | ||||||||||||||
| 合計純売上高 | $ | 1,862 | $ | 1,461 | $ | 1,822 | |||||||||||
| 包装サービス | 90 | % | 88 | % | 88 | % | |||||||||||
| テストサービス | 10 | % | 12 | % | 12 | % | |||||||||||
| 上位十社からの売上 | 74 | % | 72 | % | 72 | % | |||||||||||
| エンドマーケット流通データ： | |||||||||||||||||
| 通信（スマートフォン、タブレット） | 52 | % | 48 | % | 55 | % | |||||||||||
| 自動車、産業およびその他（ADAS、電動化、インフォテインメント、安全） | 16 | % | 20 | % | 19 | % | |||||||||||
| コンピューティング（idc関連、インフラ関連、PC/ノートパソコン、ストレージ） | 16 | % | 20 | % | 14 | % | |||||||||||
| 消費関連（AR＆ゲーム、ホームネットワーク、家電、ウェアラブルデバイス） | 16 | % | 12 | % | 12 | % | |||||||||||
| 総計 | 100 | % | 100 | % | 100 | % | |||||||||||
| 粗利率データ： | |||||||||||||||||
| 売上高 | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| 販売原価: | |||||||||||||||||
| 素材 | 58.4 | % | 54.0 | % | 56.8 | % | |||||||||||
| 労働 | 8.7 | % | 10.4 | % | 8.8 | % | |||||||||||
| その他の製造業 | 18.3 | % | 21.1 | % | 18.9 | % | |||||||||||
| 粗利率 | 14.6 | % | 14.5 | % | 15.5 | % | |||||||||||
(1) 高度な製品には、フリップチップ、メモリ、ウェハーレベルの加工および関連するテストサービスが含まれています。
(2) 主要製品には、すべての その他の ワイヤボンドパッケージングおよび関連するテストサービスが含まれます。
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アムコーテクノロジー株式会社
選択した運用データ
このプレスリリースでは、米国の米国会計基準（U.S. GAAP）で定義されていないEBITDAに言及しています。当社は、EBITDAを当期純利益、利息費用、所得税費用、減価償却費を考慮に入れる前の純利益と定義しています。当社は、当社の財務業績を評価する際に追加の情報を提供するため、投資家にとって関連性があり有用な情報であると考えています。当社の経営陣は、EBITDAを使用して当社の業績評価、債務の返済能力、資本支出の資金調達、および配当支払いの能力を評価しています。ただし、EBITDAには以下の制約があります。特定の経費の影響を反映しておらず、当社の連結損益計算書における一部の費用、すなわち、法人税が課されているため費用の必要な要素である税務費用、資本資産を使用して収益を生み出すために費用の必要な要素である減価償却費を含んでいません。EBITDAは、米国会計基準に従って作成された営業利益、当期純利益、その他の財務業績指標に代替または優越としてではなく、これらに加えて検討すべきです。さらに、当社のEBITDAの定義は、他の企業が報告する同様のタイトルの指標と比較して同等であるとは限らないかもしれません。以下に、当社のEBITDAを米国ガAAP当期純利益についての調整の詳細を示します。
| 非GAAP財務指標の調整: | |||||||||||||||||
| （百万ドル） | Q3 2024 | Q2 2024 | Q3 2023 | ||||||||||||||
| EBITDAデータ: | |||||||||||||||||
| 当期純利益 | $ | 123 | $ | 67 | $ | 133 | |||||||||||
| プラス：利息費用 | 16 | 16 | 13 | ||||||||||||||
| プラス：法人税費用 | 19 | 14 | 29 | ||||||||||||||
| プラス：償却費および減価償却 | 151 | 150 | 158 | ||||||||||||||
| EBITDA | $ | 309 | $ | 247 | $ | 333 | |||||||||||
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AMKOR TECHNOLOGY, INC.
損益計算書
（千単位、1株当たりのデータを除く）
（未確定）
| 2021年9月30日終了の3か月間の決算について | 2021年9月30日終了の9か月間の決算について | ||||||||||||||||||||||
| 2024* | 2023 | 2024* | 2023 | ||||||||||||||||||||
| 売上高 | $ | 1,861,589 | $ | 1,821,793 | $ | 4,688,574 | $ | 4,751,254 | |||||||||||||||
| 売上原価 | 1,589,105 | 1,539,040 | 4,002,072 | 4,087,210 | |||||||||||||||||||
| 粗利益 | 272,484 | 282,753 | 686,502 | 664,044 | |||||||||||||||||||
| 販売・一般管理費用 | 80,753 | 73,020 | 262,379 | 216,551 | |||||||||||||||||||
| 研究開発 | 42,364 | 43,135 | 120,103 | 135,870 | |||||||||||||||||||
| 営業費用合計 | 123,117 | 116,155 | 382,482 | 352,421 | |||||||||||||||||||
| 営業利益 | 149,367 | 166,598 | 304,020 | 311,623 | |||||||||||||||||||
| 利子費用 | 15,622 | 13,001 | 47,866 | 43,522 | |||||||||||||||||||
| その他の（収益）費用、純額 | (8,130) | (8,777) | (39,273) | (24,212) | |||||||||||||||||||
| その他の費用合計、純額 | 7,492 | 4,224 | 8,593 | 19,310 | |||||||||||||||||||
| 税引き前利益 | 141,875 | 162,374 | 295,427 | 292,313 | |||||||||||||||||||
| 法人税等課税当期純利益 | 19,185 | 28,923 | 45,693 | 49,194 | |||||||||||||||||||
| 当期純利益 | 122,690 | 133,451 | 249,734 | 243,119 | |||||||||||||||||||
| 非支配株主に帰属する当期純利益 | (121) | (837) | (1,371) | (868) | |||||||||||||||||||
| アムコールに帰属する当期純利益 | $ | 122,569 | $ | 132,614 | $ | 248,363 | $ | 242,251 | |||||||||||||||
| アムコールに帰属する当期純利益は一株当たりです: | |||||||||||||||||||||||
| 基本 | $ | 0.50 | $ | 0.54 | $ | 1.01 | $ | 0.99 | |||||||||||||||
| 希薄化後 | $ | 0.49 | $ | 0.54 | $ | 1.00 | $ | 0.98 | |||||||||||||||
| 一般株式シェア数に基づく算出に使用される株式数: | |||||||||||||||||||||||
| 基本 | 246,480 | 245,740 | 246,239 | 245,571 | |||||||||||||||||||
| 希薄化後 | 247,922 | 247,129 | 247,798 | 247,080 | |||||||||||||||||||
*We periodically assess the estimated useful lives of our property, plant and equipment. Based on our assessment of test equipment and its increased interchangeability enabling broader and longer use, we extended the estimated useful lives of test equipment from five years to seven years as of January 1, 2024. As a result, depreciation expense was reduced by approximately $15 million and $45 million for the three and nine months ended September 30, 2024, respectively. This benefited net income by approximately $12 million and $37 million and diluted earnings per share by $0.04 and $0.15 for each period, respectively.
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AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
| September 30, 2024 | December 31, 2023 | ||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 959,140 | $ | 1,119,818 | |||||||
| Short-term investments | 512,333 | 474,869 | |||||||||
| Accounts receivable, net of allowances | 1,351,817 | 1,149,493 | |||||||||
| Inventories | 349,513 | 393,128 | |||||||||
| Other current assets | 71,515 | 58,502 | |||||||||
| Total current assets | 3,244,318 | 3,195,810 | |||||||||
| Property, plant and equipment, net | 3,538,841 | 3,299,445 | |||||||||
| Operating lease right of use assets | 114,104 | 117,006 | |||||||||
| Goodwill | 19,643 | 20,003 | |||||||||
| Restricted cash | 786 | 799 | |||||||||
| Other assets | 111,394 | 138,062 | |||||||||
| Total assets | $ | 7,029,086 | $ | 6,771,125 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Short-term borrowings and current portion of long-term debt | $ | 207,570 | $ | 131,624 | |||||||
| Trade accounts payable | 811,946 | 754,453 | |||||||||
| Capital expenditures payable | 210,398 | 106,368 | |||||||||
| Short-term operating lease liability | 27,657 | 33,616 | |||||||||
| Accrued expenses | 315,260 | 358,414 | |||||||||
| Total current liabilities | 1,572,831 | 1,384,475 | |||||||||
| Long-term debt | 893,994 | 1,071,832 | |||||||||
| Pension and severance obligations | 87,584 | 87,133 | |||||||||
| Long-term operating lease liabilities | 62,279 | 56,837 | |||||||||
| Other non-current liabilities | 215,144 | 175,813 | |||||||||
| Total liabilities | 2,831,832 | 2,776,090 | |||||||||
| Stockholders’ equity: | |||||||||||
| Preferred stock | — | — | |||||||||
| Common stock | 293 | 292 | |||||||||
| Additional paid-in capital | 2,028,024 | 2,008,170 | |||||||||
| Retained earnings | 2,349,938 | 2,159,831 | |||||||||
| Accumulated other comprehensive income (loss) | 10,248 | 16,350 | |||||||||
| Treasury stock | (224,882) | (222,335) | |||||||||
| Total Amkor stockholders’ equity | 4,163,621 | 3,962,308 | |||||||||
| Non-controlling interests in subsidiaries | 33,633 | 32,727 | |||||||||
| Total equity | 4,197,254 | 3,995,035 | |||||||||
| Total liabilities and equity | $ | 7,029,086 | $ | 6,771,125 | |||||||
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AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
| For the Nine Months Ended September 30, | |||||||||||
| 2024 | 2023 | ||||||||||
| Cash flows from operating activities: | |||||||||||
| Net income | $ | 249,734 | $ | 243,119 | |||||||
| Depreciation and amortization | 445,470 | 472,396 | |||||||||
| Other operating activities and non-cash items | 22,558 | 30,717 | |||||||||
| Changes in assets and liabilities | (166,502) | (50,045) | |||||||||
| Net cash provided by operating activities | 551,260 | 696,187 | |||||||||
| Cash flows from investing activities: | |||||||||||
| Payments for property, plant and equipment | (458,067) | (511,654) | |||||||||
| Proceeds from sale of property, plant and equipment | 5,097 | 1,580 | |||||||||
| Proceeds from foreign exchange forward contracts | 32,185 | 31,038 | |||||||||
| Payments for foreign exchange forward contracts | (58,430) | (70,251) | |||||||||
| Payments for short-term investments | (441,851) | (491,056) | |||||||||
| Proceeds from sale of short-term investments | 44,361 | 71,159 | |||||||||
| Proceeds from maturities of short-term investments | 367,522 | 267,393 | |||||||||
| Other investing activities | 7,431 | 4,894 | |||||||||
| Net cash used in investing activities | (501,752) | (696,897) | |||||||||
| Cash flows from financing activities: | |||||||||||
| Proceeds from revolving credit facilities | — | 370,000 | |||||||||
| Payments of revolving credit facilities | — | (370,000) | |||||||||
| Proceeds from short-term debt | 5,012 | 20,712 | |||||||||
| Payments of short-term debt | (9,731) | (14,632) | |||||||||
| Proceeds from long-term debt | 58,727 | — | |||||||||
| Payments of long-term debt | (147,603) | (104,952) | |||||||||
| Payments of finance lease obligations | (56,359) | (48,409) | |||||||||
| Payments of dividends | (58,196) | (55,328) | |||||||||
| Other financing activities | 819 | (1,801) | |||||||||
| Net cash used in financing activities | (207,331) | (204,410) | |||||||||
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | (2,868) | (17,603) | |||||||||
| Net decrease in cash, cash equivalents and restricted cash | (160,691) | (222,723) | |||||||||
| Cash, cash equivalents and restricted cash, beginning of period | 1,120,617 | 962,406 | |||||||||
| Cash, cash equivalents and restricted cash, end of period | $ | 959,926 | $ | 739,683 | |||||||
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Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or “intend,” by the negative of these terms or other comparable terminology or by discussions of strategy, plans or intentions. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including, but not limited to, the following:
•dependence on the cyclical and volatile semiconductor industry and vulnerability to industry downturns and declines in global economic and financial conditions;
•dependence on key customers or concentration of customers in certain end markets, such as mobile communications and automotive;
•changes in costs, quality, availability and delivery times of raw materials, components and equipment;
•health conditions or pandemics, such as COVID-19, impacting labor availability and operating capacity, capital availability, the supply chain and consumer demand for our customers’ products and services;
•fluctuations in operating results and cash flows;
•our substantial indebtedness;
•dependence on international factories and operations and risks relating to trade restrictions and regional conflict;
•the effects of business, economic, political, legal and regulatory impacts or conflicts upon our global operations;
•fluctuations in interest rates and changes in credit risk;
•competition with established competitors in the packaging and test business, the internal capabilities of integrated device manufacturers and new competitors, including foundries and contract manufacturers;
•difficulty funding our liquidity needs, including as a result of disruptions to the banking system and capital markets;
•our substantial investments in equipment and facilities to support the demand of our customers;
•difficulty attracting, retaining or replacing qualified personnel;
•difficulty achieving the relatively high-capacity utilization rates necessary to realize satisfactory gross margins given our high percentage of fixed costs;
•maintaining an effective system of internal controls;
•the absence of backlog and the short-term nature of our customers’ commitments;
•our continuing development and implementation of changes to, and maintenance and security of, our information technology systems;
•the historical downward pressure on the prices of our packaging and test services;
•challenges with integrating diverse operations;
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•fluctuations in our manufacturing yields;
•any changes in tax laws, taxing authorities not agreeing with our interpretation of applicable tax laws, including whether we continue to qualify for conditional reduced tax rates, or any requirements to establish or adjust valuation allowances on deferred tax assets;
•our ability to develop new proprietary technology, protect our proprietary technology, operate without infringing the proprietary rights of others and implement new technologies;
•conditions to, and obligations related to, the receipt of government incentives;
•environmental, health and safety liabilities and expenditures;
•warranty claims, product return and liability risks, and the risk of negative publicity if our products fail, as well as the risk of litigation incident to our business;
•natural disasters and other calamities, political instability, hostilities or other disruptions;
•restrictive covenants in the indentures and agreements governing our current and future indebtedness;
•the possibility that we may decrease or suspend our quarterly dividend;
•significant severance plan obligations associated with our manufacturing operations in Korea; and
•the ability of certain of our stockholders to effectively determine or substantially influence the outcome of matters requiring stockholder approval.
Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”) and from time to time in our other reports filed with or furnished to the Securities and Exchange Commission (“SEC”). You should carefully consider the trends, risks and uncertainties described in this press release, the Form 10-K and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties continues or occurs, our business, financial condition or operating results could be materially and adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.
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