EX-12.1 4 w58972ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 AMKOR TECHNOLOGY, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS EXCEPT RATIO DATA)
YEAR ENDED DECEMBER 31, ------------------------------------------------------------------- 1997 1998 1999 2000 2001 --------- --------- --------- --------- --------- Earnings Income before income taxes and equity in income (loss) of investees .............. $ 61,006 $ 100,735 $ 105,288 $ 197,429 $(429,950) Interest expense ........................... 37,993 25,860 61,803 127,027 152,067 Amortization of debt issuance costs ........ -- 1,217 3,466 7,013 22,321 Interest portion of rent ................... 2,236 2,584 3,481 4,567 7,282 Less (earnings) loss of affiliates ......... (512) -- 2,622 -- -- --------- --------- --------- --------- --------- $ 100,723 $ 130,396 $ 176,660 $ 336,036 $(248,280) ========= ========= ========= ========= ========= Fixed Charges Interest expense ........................... 37,993 25,860 61,803 127,027 152,067 Amortization of debt issuance costs ........ -- 1,217 3,466 7,013 22,321 Interest portion of rent ................... 2,236 2,584 3,481 4,567 7,282 --------- --------- --------- --------- --------- $ 40,229 $ 29,661 $ 68,750 $ 138,607 $ 181,670 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges ............ 2.5x 4.4x 2.6x 2.4x --x(1) ========= ========= ========= ========= =========
(1) The ratio of earnings to fixed charges was less than 1:1 for the year ended December 31, 2001. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $430.0 million of earnings during the year ended December 31, 2001.