ChipMOS REPORTS SECOND QUARTER 2015 RESULTS

S.K. Chen, Chief Financial Officer of ChipMOS, said, "We generated US$93.4 million cash from our operations in 2Q15 and ended the quarter with a balance of US$475.1 million in cash and cash equivalents. Our net debt to equity ratio was -41.4% as of June 30, 2015 compared to -52.3% as of March 31, 2015, with a net cash balance of US$200.6 million as of June 30, 2015. This is after we paid US$46.8 million in cash related to the ThaiLin merger on June 17, 2015 and after investing US$22.8 million in 2Q15 CapEx. We incurred income tax expenses of US$11.7 million in Q215, which included US$7.5 million for a dividend distribution withholding tax. We also incurred a US$1.7 million foreign exchange loss in 2Q15, which led to the increase of our non-operating expenses to US$1.9 million. Overall, we continue to maintain a healthy gross margin and generate strong free cash flow levels, while investing in the customer programs and technologies that will drive our future growth, and while actively reducing our balance of outstanding debt."

Selected Operation Data







2Q15

1Q15

Revenue by segment



   Testing

24%

23%

   Assembly

31%

31%

   LCD Driver 

27%

26%

Bumping

18%

20%




Utilization by segment



   Testing

65%

68%

   Assembly

62%

64%

   LCD Driver

75%

78%

Bumping

71%

75%

   Overall

68%

71%




CapEx

US$22.8 million

US$32.7 million

   Testing

22%

24%

   Assembly

29%

17%

LCD Driver

30%

50%

   Bumping

19%

9%




Depreciation and amortization expenses

US$24.4 million

US$23.7 million







Condensed consolidated statements of cash flows


Period ended

Jun. 30, 2015


Period ended

Jun. 30, 2014



US$ million


US$ million

Net cash generated from (used in) operating activities


93.4


87.0

Net cash generated from (used in) investing activities


(85.6)


(58.1)

Net cash generated from (used in) financing activities


(27.6)


(23.0)

Net increase (decrease) in cash and cash equivalents


(19.8)


5.9

Effect of exchange rate changes on cash


0.5


0.1

Cash and cash equivalents at beginning of period


494.4


433.1

Cash and cash equivalents at end of period


475.1


439.1


« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Reverie: All That Glitters is not Past
More Editorial  
Jobs
Technical Support Engineer for EDA Careers at Freemont, CA
Digital and FPGA Hardware Designer for Giga-tronics Incorporated at San Ramon, CA
SoC Design Engineer for Intel at Santa Clara, CA
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
European 3D Summit 2017 at 3, parvis Louis Néel 38054 Grenoble France - Jan 23 - 25, 2017
DesignCon 2017 at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
IPC/Apex Expo 2017 at San Diego Convention Center San Diego CA - Feb 14 - 16, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy