RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES
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The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated: | ||||||
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|
| Three months ended | |||||
|
| Mar. 31, 2020 |
| Dec. 31, 2019 |
| Mar. 31, 2019 | |
|
| USD |
| USD |
| USD | |
Operating profit | 29.7 |
| 29.7 |
| 10.5 | |
Add: Depreciation | 33.2 |
| 31.7 |
| 29.7 | |
Interest income | 0.4 |
| 0.5 |
| 0.5 | |
Less: Capital expenditures | (37.6) |
| (56.3) |
| (20.8) | |
Interest expense | (1.4) |
| (1.4) |
| (1.4) | |
Income tax expense | (6.0) |
| (4.8) |
| (2.0) | |
Non-GAAP free cash flow | 18.3 |
| (0.6) |
| 16.5 | |
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The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated: | ||||||
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|
| Three months ended | |||||
|
| Mar. 31, 2020 |
| Dec. 31, 2019 |
| Mar. 31, 2019 | |
|
| USD |
| USD |
| USD | |
Operating profit | 29.7 |
| 29.7 |
| 10.5 | |
Add: Depreciation | 33.2 |
| 31.7 |
| 29.7 | |
Non-GAAP EBITDA | 62.9 |
| 61.4 |
| 40.2 | |
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The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated: | ||||||
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| Mar. 31, 2020 |
|
Dec. 31, 2019 |
| Mar. 31, 2019 | |
|
| USD |
| USD |
| USD | |
Short-term bank loans | - |
| - |
| 9.9 | |
Long-term bank loans
| 415.3 |
| 298.9 |
| 323.8 | |
Lease liabilities
| 26.8 |
| 22.9 |
| 28.9 | |
| Less: Cash and cash equivalents | (248.3) |
| (155.5) |
| (167.6) | |
| Current financial assets at fair value through profit or loss | (5.0) |
| - |
| - | |
| Net debt | 188.8 |
| 166.3 |
| 195.0 | |
| Equity attributable to equity holders of the Company | 671.4 |
| 649.6 |
| 605.3 | |
| Net debt to equity ratio | 28.1% |
| 25.6% |
| 32.2% | |
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ChipMOS REPORTS FIRST QUARTER 2020 RESULTS
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