EX-12 7 w52052ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. 1 EXHIBIT 12.1 AMKOR TECHNOLOGY, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS EXCEPT RATIO DATA)
YEAR ENDED DECEMBER 31, ----------------------------------------------------- 1996 1997 1998 ---------------- ---------------- ---------------- Earnings Income before income taxes and equity in income (loss) of investees.......... $ 43,012 $ 61,006 $ 100,735 Interest expense........................ 27,716 37,993 25,860 Amortization of debt issuance costs..... -- -- 1,217 Interest portion of rent................ 1,822 2,236 2,584 Less (earnings) loss of affiliates...... (661) (512) -- ---------------- ---------------- ---------------- $ 71,889 $ 100,723 $ 130,396 ================ ================ ================ Fixed Charges Interest expense........................ 27,716 37,993 25,860 Amortization of debt issuance costs..... -- -- 1,217 Interest portion of rent................ 1,822 2,236 2,584 ---------------- ---------------- ---------------- $ 29,538 $ 40,229 $ 29,661 ================ ================ ================ Ratio of earnings to fixed charges 2.4x 2.5x 4.4x ================ ================ ================
YEAR ENDED DECEMBER 31, SIX MONTHS ENDED ----------------------- JUNE 30, 1999 2000 2001 ---------------- ---------------- ---------------- Earnings Income before income taxes and equity in income (loss) of investees.......... $ 105,288 $ 197,429 $ (163,067) Interest expense........................ 61,803 127,027 76,457 Amortization of debt issuance costs..... 3,466 7,013 14,124 Interest portion of rent................ 3,481 4,567 4,182 Less (earnings) loss of affiliates...... 2,622 -- -- ---------------- ---------------- ---------------- $ 176,660 $ 336,036 $ (68,304) ================ ================ ================- Fixed Charges Interest expense........................ 61,803 127,027 76,457 Amortization of debt issuance costs..... 3,466 7,013 14,124 Interest portion of rent................ 3,481 4,567 4,182 ---------------- ---------------- ---------------- $ 68,750 $ 138,607 $ 94,763 ================ ================ ================ Ratio of earnings to fixed charges 2.6x 2.4x -- x(1) ================ ================ ===============
(1) The ratio of earnings to fixed charges was less than 1:1 for the six months ended June 30, 2001. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $163.1 million of earnings in the six months ended June 30, 2001. 30