(1) Advanced products include flip chip and wafer-level processing and related test services
(2) Mainstream products include wirebond packaging and related test services

AMKOR TECHNOLOGY, INC.
Selected Operating Data

In this press release, we provide EBITDA, which is not defined by U.S. GAAP. We define EBITDA as net income before interest expense, income tax expense and depreciation and amortization. We believe EBITDA to be relevant and useful information to our investors because it provides additional information in assessing our financial operating results. Our management uses EBITDA in evaluating our operating performance, our ability to service debt and our ability to fund capital expenditures. However, EBITDA has certain limitations in that it does not reflect the impact of certain expenses on our consolidated statements of income, including interest expense, which is a necessary element of our costs because we have borrowed money in order to finance our operations, income tax expense, which is a necessary element of our costs because taxes are imposed by law, and depreciation and amortization, which is a necessary element of our costs because we use capital assets to generate income. EBITDA should be considered in addition to, and not as a substitute for, or superior to, operating income, net income or other measures of financial performance prepared in accordance with U.S. GAAP. Furthermore our definition of EBITDA may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of EBITDA to U.S. GAAP net income.

Non-GAAP Financial Measure Reconciliation:
	Q3 2019			Q2 2019				Q3 2018
	(in millions)
EBITDA Data:
Net income	$	54		$	(9	)		$	57
Plus: Interest expense	17			19				20
Plus: Income tax expense	9			6				14
Plus: Depreciation & amortization	129			133				144
EBITDA	$	209		$	149			$	235

AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
	For the Three Months Ended September 30,								For the Nine Months Ended September 30,
	2019				2018				2019				2018
	(In thousands, except per share data)
Net sales	$	1,083,917			$	1,144,192			$	2,874,186			$	3,235,195
Cost of sales	901,677				943,485				2,447,731				2,707,000
Gross profit	182,240				200,707				426,455				528,195
Selling, general and administrative	70,458				70,463				206,803				225,886
Research and development	32,927				37,541				104,867				119,546
Total operating expenses	103,385				108,004				311,670				345,432
Operating income	78,855				92,703				114,785				182,763
Interest expense	16,988				19,770				54,914				60,908
Other (income) expense, net	(1,760		)		1,315				641				(6,254		)
Total other expense, net	15,228				21,085				55,555				54,654
Income before taxes	63,627				71,618				59,230				128,109
Income tax expense	9,141				14,326				36,418				27,438
Net income	54,486				57,292				22,812				100,671
Net income attributable to non-controlling interests	(416		)		(630		)		(1,071		)		(1,874		)
Net income attributable to Amkor	$	54,070			$	56,662			$	21,741			$	98,797
Net income attributable to Amkor per common share:
Basic	$	0.23			$	0.24			$	0.09			$	0.41
Diluted	$	0.23			$	0.24			$	0.09			$	0.41
Shares used in computing per common share amounts:
Basic	239,586				239,370				239,503				239,312
Diluted	239,937				239,766				239,858				239,783

AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)
	September 30, 2019				December 31, 2018
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	598,753			$	681,569
Restricted cash	2,590				2,589
Accounts receivable, net of allowances	803,104				724,456
Inventories	216,663				230,589
Other current assets	41,891				32,005
Total current assets	1,663,001				1,671,208
Property, plant and equipment, net	2,466,067				2,650,448
Operating lease right of use asset *	141,467				—
Goodwill	26,104				25,720
Restricted cash	2,874				3,893
Other assets	106,417				144,178
Total assets	$	4,405,930			$	4,495,447
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt	$	102,952			$	114,579
Trade accounts payable	477,900				530,398
Capital expenditures payable	157,527				255,237
Accrued expenses	253,876				258,209
Total current liabilities	992,255				1,158,423
Long-term debt	1,195,005				1,217,732
Pension and severance obligations	178,530				184,321
Long-term operating lease liability *	85,094				—
Other non-current liabilities	67,426				79,071
Total liabilities	2,518,310				2,639,547
Stockholders’ equity:
Preferred stock	—				—
Common stock	286				285
Additional paid-in capital	1,915,481				1,909,425
Retained earnings	134,930				113,189
Accumulated other comprehensive income (loss)	27,243				23,812
Treasury stock	(216,301		)		(216,171		)
Total Amkor stockholders’ equity	1,861,639				1,830,540
Non-controlling interests in subsidiaries	25,981				25,360
Total equity	1,887,620				1,855,900
Total liabilities and equity	$	4,405,930			$	4,495,447

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