We define EBITDA as net income before interest expense, income tax
expense and depreciation and amortization. EBITDA is not defined by U.S.
GAAP. 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.
Keywords
Amkor J-Devices merger
Amkor acquisition
Amkor
Japan OSAT
View source version on businesswire.com:
http://www.businesswire.com/news/home/20160106006624/en/
Contact:
Amkor Contact
Investor Relations
Greg
Johnson
Senior Director, Finance and Investor Relations
480-786-7594
