Amkor Technology Reports Financial Results for the First Quarter 2014

Since the fourth quarter 2013, we have reported net sales data by the following categories: advanced products and mainstream products. We have also provided quarterly and annual net sales and packaged units for 2012 and 2013 under these revised net sales reporting categories at the Investor Relations section of our website at www.amkor.com.

                         
Q1 2014 Q4 2013 Q1 2013
Net Sales Data:
Net sales (in millions):
Advanced products* $ 302 $ 346 $ 370
Mainstream products** 394   409   318  
Total net sales $ 696   $ 755   $ 688  
 
Packaging services 85 % 85 % 86 %
Test services 15 % 15 % 14 %
 
Net sales from top ten customers 60 % 63 % 63 %
 
Packaged units (in millions):
Advanced products* 650 816 579
Mainstream products** 3,217   3,261   1,722  
Total packaged units 3,867   4,077   2,301  
 
End Market Distribution Data (an approximation including representative devices and applications based on a sampling of our largest customers) :

Communications (handsets, tablets, handheld devices, wireless LAN)

53 % 55 % 59 %

Consumer (television, set top boxes, gaming, portable media, digital cameras)

15 % 14 % 14 %

Automotive, industrial and other (infotainment, safety, performance, comfort)

12 % 11 % 8 %
Networking (servers, routers, switches) 10 % 11 % 10 %

Computing (desk tops, PCs, hard disk drive, printers, peripherals, servers)

10   % 9   % 9   %
Total 100   % 100   % 100   %
 
Gross Margin Data:
Net sales 100.0 % 100.0 % 100.0 %
Cost of sales:
Materials 36.8 % 37.2 % 42.5 %
Labor 14.7 % 14.6 % 14.8 %
Other manufacturing 30.0   % 28.3   % 26.0   %
Gross margin 18.5   % 19.9   % 16.7   %
 
Earnings per Share Data:
Net income attributable to Amkor - basic $ 20 $ 41 $ 13
 
Adjustment for dilutive securities on net income:
Interest on 6.0% convertible notes due 2014, net of tax 1   1   4  
Net income attributable to Amkor - diluted $ 21   $ 42   $ 17  
 
Weighted average shares outstanding - basic 216 216 152
Effect of dilutive securities:
6.0% convertible notes due 2014 19   19   83  
Weighted average shares outstanding - diluted 235   235   235  
 
Net income attributable to Amkor per common share:
Basic $ 0.09   $ 0.19   $ 0.09  
Diluted $ 0.09   $ 0.18   $ 0.07  
 

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