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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period EndedSeptember 30, 2022
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from          to          
Commission File Number 000-29472
AMKOR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware23-1722724
(State of incorporation)(I.R.S. Employer
Identification Number)
2045 East Innovation Circle
Tempe, AZ 85284
(Address of principal executive offices and zip code)
(480821-5000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, $0.001 par valueAMKRThe NASDAQ Global Select Market
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to filing requirements for the past 90 days.  Yes   No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes   No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer

Accelerated filer

Non-accelerated filer 

Smaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No
The number of outstanding shares of the registrant’s Common Stock as of October 28, 2022 was 244,974,654.




QUARTERLY REPORT ON FORM 10-Q
For the Quarter Ended September 30, 2022

TABLE OF CONTENTS
Page
Consolidated Statements of Income - Three and Nine Months Ended September 30, 2022 and 2021
Consolidated Statements of Comprehensive Income - Three and Nine Months Ended September 30, 2022 and 2021
Consolidated Balance Sheets - September 30, 2022 and December 31, 2021
Consolidated Statements of Stockholders’ Equity - Three and Nine Months Ended September 30, 2022 and 2021
Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 30, 2022 and 2021
Forward-Looking Statements

This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding (1) the amount, timing and focus of our expected capital investments in 2022, including expenditures in support of our announced expansion into Vietnam and our advanced packaging and test equipment, (2) our ability to fund our operating activities and financial requirements for the next twelve months, (3) the effect of changes in revenue levels and capacity utilization on our gross margin, (4) the impact of the Covid-19 pandemic on our operations, financial results and supply chain, including as a result of the government-mandated lockdown of our Shanghai factory during the second quarter of 2022, (5) the focus of our research and development activities, (6) the anticipated impact of tax law changes in the jurisdictions in which we operate, (7) the grant and expiration of tax holidays in jurisdictions in which we operate and expectations regarding our effective tax rate and the availability of tax incentives, (8) the creation or release of valuation allowances related to taxes in the future, (9) our repurchase or repayment of outstanding debt, (10) payment of dividends, (11) compliance with restrictive covenants in the indentures and agreements governing our current and future indebtedness, (12) expected contributions to foreign pension plans and potential future conversion of our unfunded severance plan in Korea to a defined contribution plan, (13) liability for unrecognized tax benefits and the potential impact of our unrecognized tax benefits on our effective tax rate, (14) the effect of foreign currency exchange rate exposure on our financial results, (15) the volatility of the trading price of our common stock, (16) changes to our internal controls related to integration of acquired operations and implementation of an enterprise resource planning system, (17) our efforts to enlarge our customer base in certain geographic areas and markets, (18) demand for advanced packages in mobile and automotive devices and our technology leadership and potential growth in the communications and automotive and industrial end markets, (19) projects to install or integrate new information technology systems or upgrade our existing systems, (20) our expected revenue recognition, (21) the anticipated schedule for and benefits from our new manufacturing facility under development in Vietnam and

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QUARTERLY REPORT ON FORM 10-Q
For the Quarter Ended September 30, 2022

TABLE OF CONTENTS
(22) other statements that are not historical facts. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or “intend,” by the negative of these terms or other comparable terminology or by discussions of strategy, plans or intentions. All forward-looking statements in this Form 10-Q are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including those set forth in Part II, Item 1A and other sections of this Form 10-Q, in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”) and from time to time in our other reports filed with or furnished to the Securities and Exchange Commission (“SEC”). You should carefully consider the trends, risks and uncertainties described in this Form 10-Q, the 2021 Form 10-K, and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties continues or occurs, our business, financial condition or operating results could be materially and adversely affected, the trading prices of our securities could decline and you could lose part or all of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this Form 10-Q except as may be required by applicable law.

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PART I. FINANCIAL INFORMATION

Item 1.        Financial Statements

AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
(In thousands, except per share data)
Net sales$2,083,691 $1,681,000 $5,185,375 $4,413,685 
Cost of sales1,662,463 1,356,168 4,189,662 3,550,499 
Gross profit421,228 324,832 995,713 863,186 
Selling, general and administrative67,947 72,581 213,774 223,538 
Research and development33,994 40,790 109,835 128,624 
Total operating expenses101,941 113,371 323,609 352,162 
Operating income319,287 211,461 672,104 511,024 
Interest expense14,879 12,896 43,620 38,333 
Other (income) expense, net(5,692)(501)(18,829)(508)
Total other expense, net9,187 12,395 24,791 37,825 
Income before taxes310,100 199,066 647,313 473,199 
Income tax expense3,643 17,219 44,159 44,875 
Net income306,457 181,847 603,154 428,324 
Net income attributable to non-controlling interests(376)(993)(1,632)(1,855)
Net income attributable to Amkor$306,081 $180,854 $601,522 $426,469 
Net income attributable to Amkor per common share:
Basic$1.25 $0.74 $2.46 $1.75 
Diluted$1.24 $0.74 $2.45 $1.74 
Shares used in computing per common share amounts:
Basic244,744 244,100 244,581 243,746 
Diluted246,094 245,942 246,015 245,611 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
(In thousands)
Net income$306,457 $181,847 $603,154 $428,324 
Other comprehensive income (loss), net of tax:
Adjustments to net unrealized gains (losses) on available-for-sale debt investments(332)(101)(2,039)(147)
Adjustments to unrealized components of defined benefit pension plans5 26 14 77 
Foreign currency translation(7,509)(102)(31,536)(11,264)
Total other comprehensive income (loss)(7,836)(177)(33,561)(11,334)
Comprehensive income298,621 181,670 569,593 416,990 
Comprehensive income attributable to non-controlling interests(376)(993)(1,632)(1,855)
Comprehensive income attributable to Amkor$298,245 $180,677 $567,961 $415,135 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)

September 30, 2022December 31, 2021
(In thousands, except per share data)
ASSETS
Current assets:  
Cash and cash equivalents$624,084 $826,744 
Restricted cash 962 
Short-term investments (amortized cost of $310,594 and $251,959 in 2022 and 2021, respectively)
308,063 251,530 
Accounts receivable, net of allowances1,550,517 1,258,767 
Inventories669,297 484,959 
Other current assets49,185 33,601 
Total current assets3,201,146 2,856,563 
Property, plant and equipment, net3,087,061 2,871,058 
Operating lease right of use assets 168,778 159,742 
Goodwill19,492 24,516 
Restricted cash3,235 3,815 
Other assets214,212 122,860 
Total assets$6,693,924 $6,038,554 
LIABILITIES AND EQUITY
Current liabilities:  
Short-term borrowings and current portion of long-term debt$123,521 $153,008 
Trade accounts payable927,527 828,727 
Capital expenditures payable287,936 210,875 
Short-term operating lease liability69,161 64,233 
Accrued expenses381,012 422,892 
Total current liabilities1,789,157 1,679,735 
Long-term debt1,001,544 984,988 
Pension and severance obligations104,206 120,472 
Long-term operating lease liabilities73,776 83,937 
Other non-current liabilities206,398 196,876 
Total liabilities3,175,081 3,066,008 
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Preferred stock, $0.001 par value, 10,000 shares authorized, designated Series A, none issued
  
Common stock, $0.001 par value, 500,000 shares authorized; 290,966 and 290,466 shares issued; and 244,811 and 244,315 shares outstanding in 2022 and 2021, respectively
291 290 
Additional paid-in capital1,991,045 1,977,134 
Retained earnings1,728,740 1,163,939 
Accumulated other comprehensive income (loss)(13,583)19,978 
Treasury stock, at cost, 46,155 and 46,151 shares in 2022 and 2021, respectively
(219,147)(219,065)
Total Amkor stockholders’ equity3,487,346 2,942,276 
Non-controlling interests in subsidiaries31,497 30,270 
Total equity3,518,843 2,972,546 
Total liabilities and equity$6,693,924 $6,038,554 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
Additional Paid-
In Capital
Retained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Total Amkor
Stockholders’
Equity
Noncontrolling
Interest in
Subsidiaries
Total
Equity
Common StockTreasury Stock
SharesPar ValueSharesCost
(In thousands)
Balance at June 30, 2022290,788 $291 $1,985,992 $1,434,906 $(5,747)(46,155)$(219,147)$3,196,295 $31,255 $3,227,550 
Net income— — — 306,081 — — — 306,081 376 306,457 
Other comprehensive income (loss)— — — — (7,836)— — (7,836)— (7,836)
Issuance of stock through share-based compensation plans178 — 1,460 — — — — 1,460 — 1,460 
Share-based compensation— — 3,593 — — — — 3,593 — 3,593 
Cash dividends declared ($0.05 per common share)
— — — (12,247)— — — (12,247)— (12,247)
Subsidiary dividends to non-controlling interests— — — — — — — — (134)(134)
Balance at September 30, 2022290,966 $291 $1,991,045 $1,728,740 $(13,583)(46,155)$(219,147)$3,487,346 $31,497 $3,518,843 
Balance at December 31, 2021290,466 $290 $1,977,134 $1,163,939 $19,978 (46,151)$(219,065)$2,942,276 $30,270 $2,972,546 
Net income— — — 601,522 — — — 601,522 1,632 603,154 
Other comprehensive income (loss)— — — — (33,561)— — (33,561)— (33,561)
Treasury stock acquired through surrender of shares for tax withholding— — — — — (4)(82)(82)— (82)
Issuance of stock through share-based compensation plans500 1 3,200 — — — — 3,201 — 3,201 
Share-based compensation— — 10,711 — — — — 10,711 — 10,711 
Cash dividends declared ($0.15 per common share)
— — — (36,721)— — — (36,721)— (36,721)
Subsidiary dividends to non-controlling interests— — — — — — — — (405)(405)
Balance at September 30, 2022290,966 $291 $1,991,045 $1,728,740 $(13,583)(46,155)$(219,147)$3,487,346 $31,497 $3,518,843 

The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Unaudited)
Additional Paid-
In Capital
Retained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Total Amkor
Stockholders’
Equity
Noncontrolling
Interest in
Subsidiaries
Total
Equity
Common StockTreasury Stock
SharesPar ValueSharesCost
(In thousands)
Balance at June 30, 2021290,115 $290 $1,968,339 $788,567 $16,113 (46,151)$(219,061)$2,554,248 $28,822 $2,583,070 
Net income— — — 180,854 — — — 180,854 993 181,847 
Other comprehensive income (loss)— — — — (177)— — (177)— (177)
Issuance of stock through share-based compensation plans226 — 1,828 — — — — 1,828 — 1,828 
Share-based compensation— — 3,040 — — — — 3,040 — 3,040 
Cash Dividends declared ($0.04 per common share)
— — — (9,780)— — — (9,780)— (9,780)
Subsidiary dividends to non-controlling interests— — — — — — — — (149)(149)
Balance at September 30, 2021290,341 $290 $1,973,207 $959,641 $15,936 (46,151)$(219,061)$2,730,013 $29,666 $2,759,679 
Balance at December 31, 2020288,923 $289 $1,953,378 $562,502 $27,270 (46,094)$(217,740)$2,325,699 $28,260 $2,353,959 
Net income— — — 426,469 — — — 426,469 1,855 428,324 
Other comprehensive income (loss)— — — — (11,334)— — (11,334)— (11,334)
Treasury stock acquired through surrender of shares for tax withholding— — — — — (57)(1,321)(1,321)— (1,321)
Issuance of stock through share-based compensation plans1,418 1 11,851 — — — — 11,852 — 11,852 
Share-based compensation— — 7,978 — — — — 7,978 — 7,978 
Cash Dividends declared ($0.12 per common share)
— — — (29,330)— — — (29,330)— (29,330)
Subsidiary dividends to non-controlling interests— — — — — — — — (449)(449)
Balance at September 30, 2021290,341 $290 $1,973,207 $959,641 $15,936 (46,151)$(219,061)$2,730,013 $29,666 $2,759,679 
The accompanying notes are an integral part of these statements.


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AMKOR TECHNOLOGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

For the Nine Months Ended September 30,
 20222021
 (In thousands)
Cash flows from operating activities:  
Net income$603,154 $428,324 
Depreciation and amortization455,679 420,970 
Other operating activities and non-cash items(20,396)22,222 
Changes in assets and liabilities(492,673)(239,897)
Net cash provided by operating activities545,764 631,619 
Cash flows from investing activities:  
Payments for property, plant and equipment(575,502)(491,425)
Proceeds from sale of property, plant and equipment2,691 2,722 
Proceeds from foreign exchange forward contracts6,763 13,414 
Payments for foreign exchange forward contracts(95,789)(51,296)
Payments for short-term investments(364,274)(348,822)
Proceeds from sale of short-term investments26,202 70,085 
Proceeds from maturities of short-term investments274,452 165,774 
Other investing activities2,241 3,179 
Net cash used in investing activities(723,216)(636,369)
Cash flows from financing activities:  
Proceeds from revolving credit facilities80,000  
Payments of revolving credit facilities(80,000) 
Proceeds from short-term debt29,711 15,514 
Payments of short-term debt(21,662)(14,228)
Proceeds from issuance of long-term debt250,000 154,784 
Payments of long-term debt(183,493)(250,402)
Payments of finance lease obligations(26,938)(12,785)
Payments of dividends(36,725)(38,993)
Other financing activities(4,152)9,462 
Net cash provided by (used in) financing activities6,741 (136,648)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash(33,491)(10,770)
Net decrease in cash, cash equivalents and restricted cash(204,202)(152,168)
Cash, cash equivalents and restricted cash, beginning of period831,521 702,197 
Cash, cash equivalents and restricted cash, end of period$627,319 $550,029 
Non-cash investing and financing activities:
Property, plant and equipment included in capital expenditures payable$270,476 $393,781 
Right of use assets acquired through finance lease liabilities52,815 58,625 
Right of use assets acquired through operating lease liabilities46,178 39,916 
The accompanying notes are an integral part of these statements.

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

1.    Interim Financial Statements
Basis of Presentation. The Consolidated Financial Statements and related disclosures as of September 30, 2022, and for the three and nine months ended September 30, 2022 and 2021, contained in this Form 10-Q (the “Consolidated Financial Statements”) are unaudited, pursuant to the rules and regulations of the SEC. The December 31, 2021 Consolidated Balance Sheet data contained in this Form 10-Q was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to SEC rules and regulations. In our opinion, the Consolidated Financial Statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the results for the interim periods and should be read in conjunction with the financial statements included in the 2021 Form 10-K. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. Unless the context otherwise requires, all references to “Amkor,” “we,” “us” or “our” are to Amkor Technology, Inc. and its wholly and majority-owned subsidiaries.
Use of Estimates. The Consolidated Financial Statements have been prepared in conformity with U.S. GAAP, using management’s best estimates and judgments where appropriate. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments, as a result of, for example, the impact of the Covid-19 pandemic and any worsening of the global business and economic environment.
Goodwill. The balance of goodwill in the Consolidated Balance Sheets contained in this Form 10-Q reflects adjustments for foreign currency translation.
Unbilled Receivables. Total unbilled receivables as of September 30, 2022 and December 31, 2021 were $288.7 million and $224.7 million, respectively.
Contract Liabilities. Contract liabilities were $166.7 million and $187.2 million as of September 30, 2022 and December 31, 2021, respectively. As of September 30, 2022 and December 31, 2021, the short-term portions of the liabilities were $80.7 million and $117.7 million, respectively. The remainder of the September 30, 2022 contract liability balance is expected to be recognized in revenue over the next 1-5 years. Revenue recognized during the nine months ended September 30, 2022 and 2021 that was included in the contract liabilities balance at the beginning of the period was $81.3 million and $24.0 million, respectively.

2.    Net Sales by Product Group and End Market
The following table presents our net sales by product group.
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
(In thousands)(In thousands)
Advanced products (1)$1,639,409 $1,235,753 $3,879,638 $3,136,076 
Mainstream products (2)444,282 445,247 1,305,737 1,277,609 
Total net sales$2,083,691 $1,681,000 $5,185,375 $4,413,685 
(1) Advanced products include flip chip, memory and wafer-level processing and related test services.
(2) Mainstream products include all other wirebond packaging and related test services.

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)


Net sales by end market consist of the following:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
Communications (smart phones, tablets)47 %43 %42 %41 %
Consumer (AR & gaming, connected home, home electronics, wearables)20 %22 %20 %22 %
Automotive, industrial and other (ADAS, electrification, infotainment, safety)18 %20 %21 %21 %
Computing (data center, infrastructure, PC/laptop, storage)15 %15 %17 %16 %
Total net sales100 %100 %100 %100 %

3.    Other Income and Expense
Other income and expense consist of the following:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2022202120222021
 (In thousands)
Interest income$(4,034)$(256)$(6,578)$(765)
Foreign currency (gain) loss, net(1,013)(53)(11,568)1,247 
Loss on debt retirement  464  
Other(645)(192)(1,147)(990)
Other (income) expense, net$(5,692)$(501)$(18,829)$(508)

4.    Income Taxes
Income tax expense of $44.2 million for the nine months ended September 30, 2022 reflects income taxes, foreign withholding taxes and minimum taxes. Income tax expense for the nine months ended September 30, 2022 also includes a $16.2 million income tax benefit from the recognition of deferred tax assets we expect to utilize in future years.
We monitor on an ongoing basis our ability to utilize our deferred tax assets and whether there is a need for a related valuation allowance. In evaluating our ability to recover our deferred tax assets in the jurisdictions from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies and results of recent operations.
We maintain a valuation allowance on certain U.S. and foreign deferred tax assets. Such valuation allowances are released as the related tax benefits are realized or when sufficient evidence exists to conclude that it is more likely than not that the deferred tax assets will be realized.
Unrecognized tax benefits represent reserves for potential tax deficiencies or reductions in tax benefits that could result from federal, state or foreign tax audits. Gross unrecognized tax benefits decreased from $37.3 million as of December 31, 2021 to $33.8 million as of September 30, 2022. All of our unrecognized tax benefits would reduce our effective tax rate if recognized. Our unrecognized tax benefits are subject to change for effective settlement of examinations, changes in the recognition threshold of tax positions, the expiration of statutes of limitations and other factors.
We have tax returns that are open to examination in various jurisdictions for tax years 2012-2021. The open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations related to the amount and/or timing of income, deductions and tax credits. There can be no assurance that the outcome of the examinations will be favorable. In certain circumstances where we elect to appeal the results of an examination, we may be required to make tax assessment payments to proceed with the administrative appeal process.

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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)



5.    Earnings Per Share
Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amkor common stockholders by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding is reduced for treasury stock.
Diluted EPS is computed based on the weighted-average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding stock options, performance-vested restricted stock units, time-vested restricted stock units and unvested restricted shares.
The following table summarizes the computation of basic and diluted EPS:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2022202120222021
 (In thousands,
except per share data)
Net income attributable to Amkor common stockholders$306,081 $180,854 $601,522 $426,469 
Weighted-average number of common shares outstanding - basic244,744 244,100 244,581 243,746 
Effect of dilutive securities:    
Share-based awards1,350 1,842 1,434 1,865 
Weighted-average number of common shares outstanding - diluted246,094 245,942 246,015 245,611 
Net income attributable to Amkor per common share:    
Basic$1.25 $0.74 $2.46 $1.75 
Diluted1.24 0.74 2.45 1.74 
The following table summarizes the potential shares of common stock that were excluded from diluted EPS because the effect of including these potential shares was anti-dilutive:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2022202120222021
 (In thousands)
Share-based awards324 180 306 90 


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AMKOR TECHNOLOGY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
(Unaudited)


6.