EX-12.1 2 p18139exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
 
AMKOR TECHNOLOGY, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
                                         
    Year Ended December 31,  
    2010     2009     2008     2007     2006  
    (In thousands)  
 
Earnings
                                       
Income (loss) before income taxes
  $ 251,159     $ 126,523     $ (425,688 )   $ 234,837     $ 182,494  
Equity in earnings of unconsolidated affiliate
    (6,435 )     (2,373 )                  
                                         
Income (loss) before income taxes and equity in earnings of unconsolidated affiliate
    244,724       124,150       (425,688 )     234,837       182,494  
Interest expense
    96,340       110,747       120,513       134,819       160,909  
Amortization of debt issuance costs
    4,505       4,649       4,466       5,326       7,250  
Interest portion of rent (1)
    5,450       5,879       6,559       6,452       5,583  
                                         
    $ 351,019     $ 245,425     $ (294,150 )   $ 381,434     $ 356,236  
                                         
Fixed Charges
                                       
Interest expense
  $ 96,340     $ 110,747     $ 120,513     $ 134,819     $ 160,909  
Amortization of debt issuance costs
    4,505       4,649       4,466       5,326       7,250  
Interest portion of rent
    5,450       5,879       6,559       6,452       5,583  
                                         
    $ 106,295     $ 121,275     $ 131,538     $ 146,597     $ 173,742  
                                         
Ratio of earnings to fixed charges (2)
    3.3       2.0             2.6       2.1  
                                         
 
 
(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.