EX-12.1 2 p16892exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
 
AMKOR TECHNOLOGY, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Year Ended December 31,  
    2009     2008     2007     2006     2005  
 
Earnings
                                       
Income (loss) before income taxes
  $ 126,523     $ (425,688 )   $ 234,837     $ 182,494     $ (145,288 )
Equity in (earnings) losses of unconsolidated affiliate
    (2,373 )     —       —       —       55  
                                         
Income (loss) before income taxes and equity in earnings (losses) of unconsolidated affiliate
    124,150       (425,688 )     234,837       182,494       (145,233 )
Interest expense
    110,747       120,513       134,819       160,909       163,125  
Amortization of debt issuance costs
    4,649       4,466       5,326       7,250       7,948  
Interest portion of rent (1)
    5,879       6,559       6,452       5,583       6,215  
                                         
    $ 245,425     $ (294,150 )   $ 381,434     $ 356,236     $ 32,055  
                                         
Fixed Charges
                                       
Interest expense
  $ 110,747     $ 120,513     $ 134,819     $ 160,909     $ 163,125  
Amortization of debt issuance costs
    4,649       4,466       5,326       7,250       7,948  
Interest portion of rent
    5,879       6,559       6,452       5,583       6,215  
                                         
    $ 121,275     $ 131,538     $ 146,597     $ 173,742     $ 177,288  
                                         
Ratio of earnings to fixed charges
    2.0       — (2)     2.6       2.1       — (2)
                                         
 
 
(1) Represents one-third of total rent expense which we believe is a reasonable estimate of the interest component of rent expense.
 
(2) The ratio of earnings to fixed charges was less than 1:1 for 2008. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $425.7 million of earnings in 2008. The ratio of earnings to fixed charges was less than 1:1 for 2005. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $145.2 million of earnings in 2005.