In the press release above we refer to free cash flow, which is not defined by U.S. GAAP. We define free cash flow as net cash provided by operating activities less payments for property, plant and equipment, plus proceeds from the sale of and insurance recovery for property, plant and equipment, if applicable. We believe free cash flow to be relevant and useful information to our investors because it provides them with additional information in assessing our liquidity, capital resources and financial operating results. Our management uses free cash flow in evaluating our liquidity, our ability to service debt and our ability to fund capital expenditures. However, free cash flow has certain limitations, including that it does not represent the residual cash flow available for discretionary expenditures since other, non-discretionary expenditures, such as mandatory debt service, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. This measure should be considered in addition to, and not as a substitute for, or superior to, other measures of liquidity or financial performance prepared in accordance with U.S. GAAP, such as net cash provided by operating activities. Furthermore, our definition of free cash flow may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of free cash flow to U.S. GAAP net cash provided by operating activities.

Non-GAAP Financial Measures Reconciliation:
		Q3 2017					Q2 2017					Q3 2016
		(in millions)
Free Cash Flow Data:
Net cash provided by operating activities		$	214				$	97				$	219
Less: Purchases of property, plant and equipment		(142		)			(183		)			(126		)
Plus: Proceeds from sale of property, plant and equipment		2					129					13
Free cash flow		$	74				$	43				$	106

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		For the Three Months Ended September 30,										For the Nine Months Ended September 30,
		2017					2016					2017					2016
		(In thousands, except per share data)
Net sales		$	1,135,027				$	1,086,014				$	3,038,074				$	2,872,022
Cost of sales		918,389					872,214					2,506,295					2,403,732
Gross profit		216,638					213,800					531,779					468,290
Selling, general and administrative		75,567					72,363					220,045					216,894
Research and development		42,834					26,822					128,658					84,145
Gain on sale of real estate		—					—					(108,109		)			—
Total operating expenses		118,401					99,185					240,594					301,039
Operating income		98,237					114,615					291,185					167,251
Interest expense		20,321					21,488					63,733					58,496
Interest expense, related party		180					1,243					1,715					3,727
Other (income) expense, net		3,354					6,657					11,028					9,607
Total other expense, net		23,855					29,388					76,476					71,830
Income before taxes		74,382					85,227					214,709					95,421
Income tax expense		18,752					24,086					51,764					29,319
Net income		55,630					61,141					162,945					66,102
Net income attributable to non-controlling interests		(1,195		)			(1,052		)			(3,009		)			(2,175		)
Net income attributable to Amkor		$	54,435				$	60,089				$	159,936				$	63,927
Net income attributable to Amkor per common share:
Basic		$	0.23				$	0.25				$	0.67				$	0.27
Diluted		$	0.23				$	0.25				$	0.67				$	0.27
Shares used in computing per common share amounts:
Basic		239,068					237,353					238,873					237,157
Diluted		239,640					238,192					239,610					237,586

AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
		September 30, 2017					December 31, 2016
		(In thousands)
ASSETS
Current assets:
Cash and cash equivalents		$	519,449				$	549,518
Restricted cash		2,000					2,000
Accounts receivable, net of allowances		691,700					563,107
Inventories		314,207					267,990
Other current assets		39,116					27,081
Total current assets		1,566,472					1,409,696
Property, plant and equipment, net		2,706,715					2,564,648
Goodwill		25,076					24,122
Restricted cash		4,224					3,977
Other assets		109,782					89,643
Total assets		$	4,412,269				$	4,092,086
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt		$	117,970				$	35,192
Trade accounts payable		562,330					487,430
Capital expenditures payable		289,780					144,370
Accrued expenses		385,659					338,669
Total current liabilities		1,355,739					1,005,661
Long-term debt		1,243,697					1,364,638
Long-term debt, related party		—					75,000
Pension and severance obligations		179,112					166,701
Other non-current liabilities		50,871					76,682
Total liabilities		2,829,419					2,688,682
Stockholders’ equity:
Preferred stock		—					—
Common stock		285					284
Additional paid-in capital		1,901,381					1,895,089
Accumulated deficit		(143,621		)			(303,557		)
Accumulated other comprehensive income (loss)		18,309					6,262
Treasury stock		(215,917		)			(214,490		)
Total Amkor stockholders’ equity		1,560,437					1,383,588
Non-controlling interests in subsidiaries		22,413					19,816
Total equity		1,582,850					1,403,404
Total liabilities and equity		$	4,412,269				$	4,092,086

AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		For the Nine Months Ended September 30,
		2017					2016
		(In thousands)
Cash flows from operating activities:
Net income		$	162,945				$	66,102
Depreciation and amortization		435,667					416,517
Gain on sale of real estate		(108,109		)			—
Other operating activities and non-cash items		(9,763		)			(4,382		)
Changes in assets and liabilities		(66,829		)			13,379
Net cash provided by operating activities		413,911					491,616
Cash flows from investing activities:
Payments for property, plant and equipment		(413,974		)			(481,670		)
Proceeds from sale of property, plant and equipment		133,320					13,687
Acquisition of business, net of cash acquired		(43,771		)			—
Other investing activities		(1,600		)			(143		)
Net cash used in investing activities		(326,025		)			(468,126		)
Cash flows from financing activities:
Proceeds from revolving credit facilities		75,000					115,000
Payments of revolving credit facilities		—					(155,000		)
Proceeds from short-term debt		50,333					27,594
Payments of short-term debt		(52,068		)			(36,211		)
Proceeds from issuance of long-term debt		223,976					45,000
Payments of long-term debt		(398,755		)			(12,955		)
Payments of long-term debt, related party		(17,837		)			—
Payment of deferred consideration for purchase of facility		(3,890		)			—
Payments of capital lease obligations		(4,123		)			(1,691		)
Other financing activities		425					1,585
Net cash used in financing activities		(126,939		)			(16,678		)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash		9,231					21,885
Net increase (decrease) in cash, cash equivalents and restricted cash		(29,822		)			28,697
Cash, cash equivalents and restricted cash, beginning of period		555,495					527,348
Cash, cash equivalents and restricted cash, end of period		$	525,673				$	556,045

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