MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
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| Three Months Ended |
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| Nine Months Ended | |||||||||||||
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| September 30, |
| June 30, |
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| September 30, |
| September 30, |
| September 30, | |||||||
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| 2020 |
| 2020 |
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| 2019 |
| 2020 |
| 2019 | ||||||
Income (loss) from continuing operations |
| $ | 8,461 |
| $ | 11,774 |
| $ | (14,244) | $ | (10,843) |
| $ | (44,289) | |||||
Adjustments: |
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Interest expense, net |
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| 4,875 |
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| 4,736 |
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| 4,865 |
| 14,541 |
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| 14,776 | |||||
Income tax expense (benefit) |
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| (1,145) |
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| 678 |
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| 1,734 |
| 836 |
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| 3,316 | |||||
Depreciation and amortization |
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| 2,854 |
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| 2,544 |
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| 2,601 |
| 7,968 |
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| 7,703 | |||||
EBITDA |
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| 15,045 |
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| 19,732 |
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| (5,044) |
| 12,502 |
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| (18,494) | |||||
Equity-based compensation expense |
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| 2,101 |
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| 1,503 |
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| 430 |
| 4,366 |
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| 1,661 | |||||
Foreign currency loss (gain), net |
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| (8,864) |
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| (8,469) |
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| 21,985 |
| 13,638 |
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| 44,166 | |||||
Derivative valuation loss (gain), net |
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| (50) |
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| (55) |
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| 33 |
| (222) |
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| 169 | |||||
Loss on early extinguishment of long-term |
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| borrowings, net |
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| — |
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| — |
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| — |
| — |
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| 42 | |||||
| Inventory reserve related to Huawei |
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| 2,331 |
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| — |
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| — |
| 2,331 |
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| — | |||||
| Expenses related to Fab 3 power outage |
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| 1,168 |
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| — |
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| — |
| 1,168 |
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| — | |||||
| Others |
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| — |
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| — |
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| — |
| 554 |
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| 585 | |||||
| Adjusted EBITDA |
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| 11,731 |
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| 12,711 |
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| 17,404 |
| 34,337 |
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| 28,129 | |||||
| Income (loss) from continuing operations | $ | 8,461 | $ | 11,774 | $ | (14,244) | $ | (10,843) | $ | (44,289) | |||||||||
| Adjustments: |
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| Equity-based compensation expense |
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| 2,101 |
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| 1,503 |
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| 430 |
| 4,366 |
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| 1,661 | |||||
| Foreign currency loss (gain), net |
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| (8,864) |
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| (8,469) |
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| 21,985 |
| 13,638 |
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| 44,166 | |||||
| Derivative valuation loss (gain), net |
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| (50) |
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| (55) |
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| 33 |
| (222) |
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| 169 | |||||
| Loss on early extinguishment of long-term |
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| borrowings, net |
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| — |
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| — |
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| — |
| — |
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| 42 | |||||
| Inventory reserve related to Huawei |
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| 2,331 |
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| — |
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| — |
| 2,331 |
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| — | |||||
| Expenses related to Fab 3 power outage |
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| 1,168 |
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| — |
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| — |
| 1,168 |
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| — | |||||
| Others |
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| — |
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| — |
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| — |
| 554 |
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| 585 | |||||
| Adjusted Net Income | $ | 5,147 | $ | 4,753 | $ | 8,204 | $ | 10,992 | $ | 2,334 | |||||||||
| Adjusted Net Income per common share— |
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| - Basic | $ | 0.15 | $ | 0.14 | $ | 0.24 | $ | 0.31 | $ | 0.07 | |||||||||
| - Diluted | $ | 0.14 | $ | 0.13 | $ | 0.21 | $ | 0.30 | $ | 0.07 | |||||||||
| Weighted average number of shares – basic |
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| 35,280,864 |
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| 35,092,312 |
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| 34,357,745 |
| 35,089,479 |
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| 34,266,513 | |||||
| Weighted average number of shares – diluted |
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| 46,581,788 |
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| 36,330,083 |
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| 45,516,245 |
| 36,151,622 |
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| 34,955,722 | |||||
